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An announcement from Shriro Holdings Ltd. ( (AU:SHM) ) is now available.
Shriro Holdings Limited has announced a proposed buy-back of up to $5 million of its shares at a premium price, representing approximately 7.9% of its share capital. This move is part of a strategic shift away from acquisitions, focusing instead on returning excess capital to investors and expanding its BBQ range globally. The buy-back is intended to optimize capital deployment and enhance shareholder value, with further buy-backs planned if deemed beneficial.
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 both company-owned and third-party brands, including products such as calculators, watches, musical instruments, audio products, kitchen appliances, and gas barbeques.
Average Trading Volume: 80,910
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$55.5M
See more insights into SHM stock on TipRanks’ Stock Analysis page.