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TruFin ( (GB:TRU) ) just unveiled an announcement.
TruFin plc has repurchased 200,000 of its own Ordinary Shares at an average price of 90.00 pence per share, a volume exceeding 50% of the average daily traded volume on the London Stock Exchange over the past 20 trading days. The company plans to cancel these shares, impacting the total voting rights and potentially affecting shareholder 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 with a focus on technology-driven growth in niche markets, including early payment provision, invoice finance, and mobile games publishing. It has been listed on AIM since February 2018 under the ticker symbol TRU.
Average Trading Volume: 185,966
Technical Sentiment Signal: Buy
Current Market Cap: £94.21M
For a thorough assessment of TRU stock, go to TipRanks’ Stock Analysis page.