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An update from Shriro Holdings Ltd. ( (AU:SHM) ) is now available.
Shriro Holdings Limited announced updates regarding potential share buy-backs as outlined in their 2025 Notice of Annual General Meeting. The buy-backs, if executed, will result in shares being bought back at 81 cents each. Notably, Brunneis Investments Pty Ltd has increased its voting power to 19.62% after acquiring shares from D2A Holdings Pte Ltd and SPL Pacific Ltd. The buy-backs could further increase Brunneis’ voting power to 28.73%, raising potential control implications. Brunneis has agreed to abstain from voting on the resolutions related to the buy-backs, while CEO Tim Hargreaves has decided not to participate in the buy-backs. The Board reserves the right to proceed with the buy-backs based on capital management objectives and shareholder interests.
The most recent analyst rating on (AU:SHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Shriro Holdings Ltd. stock, see the AU:SHM Stock Forecast page.
More about Shriro Holdings Ltd.
Shriro Holdings Limited is a leading consumer products marketing and distribution group operating in Australia, New Zealand, USA, China, and exporting globally. The company markets and distributes a wide range of company-owned brands, such as Everdure, Omega Altise, and Robinhood, as well as third-party brands like Casio, Pioneer, Grohe, and American Standard. Their products include calculators, watches, musical instruments, audio products, kitchen appliances, and various heating and cooling products.
Average Trading Volume: 398,261
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$59.59M
For an in-depth examination of SHM stock, go to TipRanks’ Overview page.