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Thorney Opportunities Ltd.
(Sydney:TOP)
Thorney Opportunities Ltd. (TOP) vs. iShares MSCI Australia ETF (EWA)
Thorney Opportunities Ltd. Business Overview & Revenue Model
Thorney Opportunities Ltd. Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 57.51M | 13.23M | -3.01M | 33.00M | -46.95M | Gross Profit |
| 57.51M | 15.56M | -5.40M | 38.81M | -49.32M | EBIT |
| 45.11M | 10.37M | -5.87M | 30.11M | -49.74M | EBITDA |
| -12.00 | -7.00 | 0.00 | 0.00 | 0.00 | Net Income Common Stockholders |
| 35.03M | 10.86M | -3.72M | 22.53M | -34.92M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 157.40M | 100.87M | 94.25M | 128.02M | 114.10M | Total Assets |
| 185.82M | 138.33M | 132.50M | 151.37M | 123.90M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -23.79M | -4.32M | -3.49M | -2.71M | -6.56M | Total Liabilities |
| 26.58M | 5.27M | 3.20M | 11.88M | 1.81M | Stockholders Equity |
| 159.24M | 133.06M | 129.30M | 139.49M | 122.09M |
| Cash Flow | Free Cash Flow | |||
| 28.31M | 7.94M | 2.64M | -55.99K | 8.38M | Operating Cash Flow |
| 28.31M | 7.94M | 2.64M | -55.99K | 8.38M | Investing Cash Flow |
| 0.00 | 0.00 | 4.60M | 1.17M | 8.38M | Financing Cash Flow |
| -8.84M | -7.11M | -6.46M | -4.96M | -5.60M |
Thorney Opportunities Ltd. Technical Analysis
Thorney Opportunities Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | 5.87 | 3.67% | 58.63% | 24.15% | |||
76 Outperform | AU$59.68M | 4.66 | 14.62% | 2.86% | 454.96% | ― | |
72 Outperform | AU$9.04M | 17.97 | 5.45% | 4.12% | 74.85% | 170.29% | |
70 Outperform | AU$64.02M | 8.57 | 34.01% | 7.75% | 19.50% | 31.19% | |
65 Neutral | $1.88B | 16.97 | 2.40% | 5.57% | -0.31% | 5.93% | |
60 Neutral | AU$27.23M | 271.88 | 0.47% | 1.72% | -16.07% | -36.00% | |
53 Neutral | AU$28.14M | ― | -9.28% | 1.04% | -13.78% | 50.00% |
Thorney Opportunities Ltd. Corporate Events
Thorney Opportunities Ltd has announced that it has ceased to be a substantial holder in Service Stream Limited, a company listed on the Australian Securities Exchange. This change was formalized with the submission of a Form 605 notice, indicating a series of market sales executed by TIGA Trading Pty Ltd, a related entity, resulting in the reduction of Thorney’s voting power in Service Stream.
Thorney Opportunities Ltd has announced a change in its substantial holding in Service Stream Limited, a company listed on the ASX. The notice indicates a decrease in Thorney’s voting power from 6.22% to 5.15%, reflecting the sale of shares by Thorney and its associated entities. This change in shareholding may impact Thorney’s influence in Service Stream, potentially affecting strategic decisions and stakeholder interests.
Thorney Opportunities Ltd. has announced a daily update regarding its ongoing on-market buy-back of ordinary fully paid securities. As of the latest update, the company has bought back a total of 1,108,988 securities before the previous day, with an additional 13,326 securities bought back on the previous day. This buy-back initiative reflects the company’s strategic decision to manage its capital structure and potentially enhance shareholder value.
Thorney Opportunities Ltd reported a positive investment performance for March 2025, with its portfolio outperforming the ASX Small Ordinaries Accumulation Index by over 4.5%. Despite market volatility due to global tariff uncertainties and domestic political developments, TOP maintained a strong portfolio composition and continued its on-market share buyback to address the share price to NTA discount. The company also announced an interim dividend of 1.10 cents per share, marking a 4.8% increase from the previous year.
Thorney Opportunities Ltd has announced an update regarding its ongoing on-market buy-back program. As of April 3, 2025, the company has repurchased a total of 1,109,488 ordinary fully paid securities, with 53,500 bought back on the previous day. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure.
Thorney Opportunities Ltd has announced an update regarding its ongoing on-market buy-back program. As of April 1, 2025, the company has bought back a total of 960,697 securities, with 94,791 securities repurchased on the previous day. This buy-back initiative is part of the company’s strategy to enhance shareholder value by reducing the number of outstanding shares, thereby potentially increasing the value of remaining shares. The announcement underscores Thorney Opportunities Ltd’s commitment to optimizing its capital structure and delivering value to its investors.
Thorney Opportunities Ltd has appointed Peter Landos as a non-executive director, effective immediately. Landos, who is also the Chief Operating Officer of Thorney Investment Group, brings extensive experience in board advisory, mergers and acquisitions, and capital markets. His appointment is expected to strengthen the company’s strategic direction and enhance its investment capabilities.
Thorney Opportunities Ltd has announced an update to its ongoing on-market buy-back program, initially notified on February 21, 2025. The company plans to buy back a maximum of 10,758,796 ordinary fully paid securities, with UBS Securities Australia Limited acting as the broker. This move is part of Thorney’s strategy to manage its capital structure effectively, potentially leading to an increase in shareholder value by reducing the number of shares outstanding.
Thorney Opportunities Ltd announced an update to its previous notification regarding an on-market buy-back of its ordinary fully paid securities. The company plans to buy back a maximum of 10,758,796 securities out of the total 178,552,531 securities on issue, with UBS Securities Australia Limited acting as the broker. This buy-back initiative is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
Thorney Opportunities Ltd. has announced an update regarding its ongoing on-market buy-back program. As of March 25, 2025, the company has repurchased a total of 859,090 ordinary fully paid securities, with 100,000 bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Thorney Opportunities Ltd. has announced a daily buy-back notification for its ordinary fully paid securities, with a total of 100,000 securities bought back on the previous day. This buy-back is part of the company’s ongoing strategy to manage its capital structure and potentially enhance shareholder value.
Thorney Opportunities Ltd. has announced an update regarding its ongoing on-market buy-back program. As of March 20, 2025, the company has repurchased a total of 559,090 ordinary fully paid securities, with 59,090 bought back on the previous day. This buy-back initiative reflects the company’s strategic efforts to manage its capital structure and potentially enhance shareholder value.
Thorney Opportunities Ltd has invited its shareholders to a virtual investment discussion scheduled for March 21, 2025. The event will feature a fireside chat with Hugh Robertson from Morgans Financial, focusing on the TOP portfolio companies and general market conditions, reflecting the company’s commitment to engaging with its stakeholders and providing insights into its investment strategies.
Thorney Opportunities Ltd. has announced an update regarding its ongoing share buy-back program. The company has repurchased a total of 400,000 ordinary fully paid securities, with 100,000 bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Thorney Opportunities Ltd has announced a daily update regarding its ongoing on-market buy-back of ordinary fully paid securities, identified by the ASX code ‘TOP’. The company reported that it bought back 100,000 securities on the previous day, adding to the 200,000 securities bought back before that day. This buy-back activity may impact the company’s share value and investor perception by potentially increasing earnings per share and signaling confidence in the company’s future prospects.
Thorney Opportunities Ltd announced the cessation of 501,600 ordinary fully paid securities due to an on-market buy-back. This move is part of the company’s capital management strategy, which may impact its market positioning by potentially increasing the value of remaining shares and demonstrating a commitment to shareholder returns.
Thorney Opportunities Ltd. has announced an update regarding its ongoing on-market buy-back program. The company reported that it repurchased a total of 100,000 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 200,000. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Thorney Opportunities Ltd has announced an update regarding its on-market buy-back of ordinary fully paid shares. The update corrects previous announcements and details the cancellation of shares bought back as part of the ongoing buy-back program, which may impact the company’s share capital structure and investor interests.
Thorney Opportunities Ltd. has announced the final notification of its on-market buy-back program, where it has repurchased 7,096,457 of its ordinary fully paid shares for a total consideration of AUD 4,552,507.45. This buy-back is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting positively on its market positioning and signaling confidence in its financial health.
Thorney Opportunities Ltd reported a slight decrease in its net tangible assets (NTA) after tax from 84.0 cents per share in January 2025 to 83.6 cents in February 2025. Despite some portfolio companies like Southern Cross Electrical and Service Stream showing promising results, the overall performance was negatively impacted by the declining share prices of AMA Group and Austin Engineering. The company continues its on-market share buyback program, purchasing shares to reduce the share price to NTA discount, and announced an extension of this program until March 2026. Additionally, the Board declared a fully franked interim dividend of 1.1 cents per share, reflecting a 5% increase over the previous corresponding period.
Thorney Opportunities Ltd has announced an update regarding its ongoing on-market buy-back program. The company reported that it bought back 100,000 ordinary fully paid securities on the previous day, bringing the total number of securities repurchased to 6,996,457. This buy-back initiative is part of Thorney Opportunities’ strategy to optimize capital structure and potentially increase shareholder value.
Thorney Opportunities Ltd. has announced an update regarding its ongoing on-market buy-back program. The company reported a total of 6,946,457 securities bought back before the previous day and an additional 50,000 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Thorney Opportunities Ltd. has announced an update regarding its ongoing buy-back program. As of March 5, 2025, the company has repurchased a total of 6,846,457 ordinary fully paid securities, including 1,600 bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Thorney Opportunities Ltd has announced an update on its ongoing share buy-back program, with a total of 6,794,857 securities bought back before the previous day and an additional 50,000 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and stakeholder interests positively.
Thorney Opportunities Ltd has announced the cessation of 786,599 ordinary fully paid securities due to an on-market buy-back as of February 28, 2025. This reduction in issued capital may impact the company’s market positioning by potentially increasing the value of remaining shares, thereby affecting stakeholders’ interests.
Thorney Opportunities Ltd has announced an update regarding its ongoing on-market buy-back program. As of February 27, 2025, the company has repurchased a total of 6,794,857 ordinary fully paid securities, including 50,000 bought back on the previous day. This buy-back initiative is part of Thorney Opportunities’ strategy to optimize its capital structure and deliver value to its shareholders.
Thorney Opportunities Ltd has announced an update on its ongoing buy-back program, revealing the acquisition of 50,000 shares on the previous day, contributing to a cumulative total of 6,657,713 shares bought back. This move is part of the company’s strategy to manage its capital structure, potentially enhancing shareholder value through the reduction of outstanding shares.
Thorney Opportunities Ltd announced a new on-market buy-back of its ordinary fully paid shares, coded TOP on the ASX, as of February 21, 2025. This move is indicative of the company’s strategy to optimize its capital structure, potentially providing value to shareholders and signaling confidence in its financial health and future prospects.
Thorney Opportunities Ltd has announced the extension of its on-market share buy-back program for another 12 months, set to run from March 2025 to March 2026. This strategic move aims to narrow the discount between the company’s share price and its net tangible assets (NTA), with funding sourced from existing cash reserves. The Directors have stated they will not participate in this buy-back, which will operate within the ’10/12′ limit as per the Corporations Act, ensuring no need for shareholder approval. The decision underscores TOP’s commitment to enhancing shareholder value and optimizing its capital structure.
Thorney Opportunities Ltd. has announced an update regarding its ongoing share buy-back program. As of the latest announcement on February 21, 2025, they have repurchased a total of 6,657,713 ordinary fully paid securities, including 50,000 on the previous day. The buy-back is part of their strategy to optimize capital structure and enhance shareholder value.
Thorney Opportunities Ltd has reported a significant decline in its financial performance for the half-year ended 31 December 2024, with a 95% drop in profit before tax compared to the previous year. The company announced an interim dividend of 1.10 cents per share, maintaining its commitment to shareholder returns despite the downturn. The dividend reinvestment plan will not apply to the 2025 interim dividend, reflecting the challenging market conditions and the company’s strategic financial adjustments.
Thorney Opportunities Ltd has announced an update regarding its ongoing on-market buy-back of its ordinary fully paid securities. As of the latest notification, the company has bought back a total of 6,607,713 securities, with 50,000 acquired on the previous day alone. This buy-back initiative may enhance shareholder value and reflects the company’s confidence in its market position.
Thorney Opportunities Ltd has released an update regarding its ongoing on-market buy-back program, announcing that a total of 6,507,713 securities have been bought back to date, with an additional 50,000 securities purchased on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure, potentially enhancing shareholder value and signaling confidence in its market position.
Thorney Opportunities Ltd has announced an update regarding its ongoing on-market buy-back program. The company has repurchased a total of 6,507,713 ordinary fully paid securities, including 50,000 securities bought back the previous day. This buy-back reflects the company’s strategy to manage its capital structure effectively and may signal confidence in the company’s financial health, potentially impacting its market positioning and shareholder value.
Thorney Opportunities Ltd. has announced an update regarding its ongoing buy-back program, revealing the total number of securities bought back as of the previous day. The company has purchased 50,000 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 6,407,713. This buy-back initiative suggests a strategic move by Thorney Opportunities Ltd. to potentially enhance shareholder value by reducing the number of outstanding shares, which could impact its market positioning positively.
Thorney Opportunities Ltd reported a slight decline in its net tangible asset (NTA) backing per share at the end of January 2025 to 84.0 cents, down from 84.9 cents in December 2024. The performance was influenced by several key portfolio positions, including Solvar Limited and Retail Food Group Limited. The company continues its on-market share buyback program, purchasing 651,879 shares at an average price of 64.2 cents, and holds over $40 million in cash ready for deployment. The volatile market environment, influenced by global economic uncertainties and local economic indicators, has led the company to maintain a cautious outlook while being well-positioned to withstand potential future market fluctuations.
Thorney Opportunities Ltd has announced an update regarding its ongoing on-market buy-back program. The company, under the ASX issuer code TOP, reported purchasing an additional 50,000 ordinary fully paid securities, bringing the total buy-back to over 6.35 million shares since the program’s inception. This buy-back initiative is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.