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WOTSO Property ( (AU:WOT) ) just unveiled an announcement.
WOTSO has provided an updated notification to the ASX regarding its ongoing on-market buy-back of stapled fully paid ordinary/units securities under code WOT. The program, initially notified in July 2024, is being reported on a daily basis, with the latest update confirming an additional 22,089 securities bought back, bringing the total to 479,109 units repurchased to date.
The continuation of the on-market buy-back signals WOTSO’s active approach to capital management and may indicate management’s view that the securities are undervalued or that surplus capital is best returned via buy-backs. This activity can support the trading price of WOT securities and potentially enhance value for remaining securityholders by reducing the number of securities on issue.
The most recent analyst rating on (AU:WOT) stock is a Hold with a A$0.59 price target. To see the full list of analyst forecasts on WOTSO Property stock, see the AU:WOT Stock Forecast page.
More about WOTSO Property
WOTSO is an ASX-listed entity comprising WOTSO Property Trust and associated companies, trading under stapled fully paid ordinary/units securities. The group is focused on property-related investments and operations, with its securities listed under the code WOT on the Australian Securities Exchange.
Average Trading Volume: 34,262
Technical Sentiment Signal: Hold
Current Market Cap: A$100.3M
Learn more about WOT stock on TipRanks’ Stock Analysis page.