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TruFin ( (GB:TRU) ) has provided an update.
TruFin has announced the acquisition of 150,000 Ordinary Shares from the market, which exceeds 50% of the average daily traded volume on the London Stock Exchange during the prior 20 trading days. The company intends to cancel these shares, impacting the total number of Ordinary Shares with voting rights, now standing at 103,534,774. This transaction could influence shareholder calculations regarding their interest in the company 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.
The overall stock score of 74 reflects TruFin’s strong financial turnaround, supported by robust revenue and cash flow growth, and strategic share buybacks. Technical analysis suggests caution due to overbought signals, and the moderate valuation presents a balanced risk-reward profile.
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 operating in niche markets, specifically in 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.
YTD Price Performance: 19.88%
Average Trading Volume: 189,560
Technical Sentiment Signal: Buy
Current Market Cap: £103.2M
Learn more about TRU stock on TipRanks’ Stock Analysis page.