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TruFin Acquires and Cancels Own Shares, Adjusts Voting Rights

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TruFin Acquires and Cancels Own Shares, Adjusts Voting Rights

Elevate Your Investing Strategy:

The latest announcement is out from TruFin ( (GB:TRU) ).

TruFin plc announced the acquisition of 51,500 of its own ordinary shares at an average price of 88.00 pence per share, with plans to cancel these shares. This transaction affects the total number of voting rights, now standing at 104,685,323 shares, which shareholders can use to determine their notification requirements under the Financial Conduct Authority’s rules.

Spark’s Take on GB:TRU Stock

According to Spark, TipRanks’ AI Analyst, GB:TRU is a Outperform.

TruFin’s overall stock score is driven by a strong financial performance and positive corporate events. The company’s robust revenue growth and strategic initiatives, such as the share buyback, are key strengths. However, technical analysis suggests potential caution due to overbought signals, and valuation metrics indicate moderate attractiveness. The lack of earnings call data limits further insights.

To see Spark’s full report on GB:TRU stock, click here.

More about TruFin

TruFin plc is a holding company with a focus on three growth-oriented technology businesses in niche markets: early payment provision, invoice finance, and mobile games publishing. The company was listed on AIM in February 2018 and trades under the ticker symbol TRU.

Average Trading Volume: 184,842

Technical Sentiment Signal: Buy

Current Market Cap: £92.69M

For a thorough assessment of TRU stock, go to TipRanks’ Stock Analysis page.

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