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Viva Leisure Continues On-Market Share Buy-Back Program

Story Highlights
  • Viva Leisure runs membership-based gym and wellness facilities and trades as VVA on the ASX.
  • The company is actively executing an on-market share buy-back, signaling confidence and capital return to investors.
  • 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 issued an update.

Viva Leisure Ltd, a health and fitness operator listed on the ASX under ticker VVA, generates revenue through membership-based gym and wellness services across its network of facilities. Its capital structure includes ordinary fully paid shares, which are the subject of its current on-market buy-back program.

The company has continued its on-market share buy-back, with a total of 673,182 shares repurchased before the previous trading day and a further 12,978 shares bought back on that day. This ongoing buy-back activity suggests management is actively returning capital to shareholders and may view the current share price as undervaluing the business, potentially supporting earnings per share and signalling confidence in the company’s outlook.

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 Ltd operates in the health and fitness industry, offering gym and wellness services through its network of facilities. The company focuses on providing membership-based fitness solutions to consumers, primarily through its listed ordinary fully paid shares on the ASX under the code VVA.

Average Trading Volume: 136,925

Technical Sentiment Signal: Hold

Current Market Cap: A$152.7M

See more insights into VVA stock on TipRanks’ Stock Analysis page.

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