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The latest update is out from Waterco Limited ( (AU:WAT) ).
Waterco Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares. The disclosure confirms that the program remains active and is being executed as part of the company’s broader capital management strategy.
As of the latest reporting date, Waterco has repurchased a total of 17,320 shares before the previous day and a further 10,509 shares on the immediately preceding trading day. The continued daily buy-back activity signals the company’s commitment to returning capital to shareholders and may support its share price and earnings per share over the duration of the program.
The most recent analyst rating on (AU:WAT) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on Waterco Limited stock, see the AU:WAT Stock Forecast page.
More about Waterco Limited
Waterco Limited is an ASX-listed company trading under the code WAT, with ordinary fully paid shares on issue. The company operates in a sector where on-market share buy-backs are used as a capital management tool, aiming to optimise its capital structure and potentially enhance shareholder value over time.
Average Trading Volume: 1,088
Technical Sentiment Signal: Buy
Current Market Cap: A$188.5M
Learn more about WAT stock on TipRanks’ Stock Analysis page.