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An update from TruFin ( (GB:TRU) ) is now available.
TruFin plc announced the acquisition of 150,000 of its own ordinary shares at an average price of 89.50 pence per share, with the intention to cancel them. This transaction exceeded 50% of the average daily trading volume on the London Stock Exchange over the past 20 days, highlighting the company’s strategic move to manage its share capital. The total number of ordinary shares with voting rights now stands at 103,994,774, which is relevant for shareholders 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 strong financial turnaround, strategic corporate actions, and reasonable valuation contribute positively to its stock score. Technical indicators suggest caution due to potential overbought signals. The company’s proactive buyback strategy reinforces confidence in its future performance.
To see Spark’s full report on GB:TRU stock, click here.
More about TruFin
TruFin plc is a holding company for three growth-focused technology businesses that operate 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: 173,822
Technical Sentiment Signal: Buy
Current Market Cap: £93.78M
Find detailed analytics on TRU stock on TipRanks’ Stock Analysis page.