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An update from TruFin ( (GB:TRU) ) is now available.
TruFin plc announced the acquisition of 180,000 of its own Ordinary Shares at an average price of 87.86 pence per share, with the intention to cancel them. This purchase exceeded 50% of the average daily traded volume on the London Stock Exchange over the prior 20 trading days, reflecting a strategic move to manage its share capital and potentially enhance shareholder value. The total number of Ordinary Shares with voting rights is now 104,317,439, which shareholders can use for interest notification calculations 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 that comprises three growth-focused technology businesses operating in niche markets, including early payment provision, invoice finance, and mobile games publishing. The company was admitted to AIM in February 2018 and trades under the ticker symbol TRU.
Average Trading Volume: 184,327
Technical Sentiment Signal: Buy
Current Market Cap: £92.56M
See more data about TRU stock on TipRanks’ Stock Analysis page.