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Viva Leisure Continues On-Market Share Buy-Back Program

Story Highlights
  • Viva Leisure updated the market on its on-market buy-back, detailing recent repurchases of its ordinary fully paid shares.
  • The ongoing buy-back supports the company’s capital management strategy and may improve value for remaining shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Viva Leisure Continues On-Market Share Buy-Back Program

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Viva Leisure Ltd. ( (AU:VVA) ) has shared an update.

Viva Leisure Limited has provided an update on its on-market share buy-back program for its ordinary fully paid shares, reporting that a total of 217,462 securities had been repurchased prior to the most recent trading day and a further 18,585 shares were bought back on the previous day. The ongoing daily notifications indicate the company is actively executing its capital management strategy, which may signal confidence in its valuation and could incrementally enhance earnings per share and share value for remaining investors over time.

The most recent analyst rating on (AU:VVA) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Viva Leisure Ltd. stock, see the AU:VVA Stock Forecast page.

More about Viva Leisure Ltd.

Viva Leisure Limited operates in the fitness and leisure industry and is listed on the ASX under the code VVA. The company’s primary business involves providing health and fitness services through its network of facilities, targeting consumers seeking gym and wellness offerings across its markets.

Average Trading Volume: 104,658

Technical Sentiment Signal: Buy

Current Market Cap: A$155.7M

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

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