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Thorney Technologies Limited ( (AU:TEK) ) just unveiled an announcement.
Thorney Technologies Limited announced an update to their ongoing on-market buy-back program, stating that they have repurchased 250,000 ordinary fully paid securities as of the previous day, adding to a total of 6,151,148 securities bought back. This buy-back is part of the company’s strategic efforts to manage its capital structure effectively, potentially increasing shareholder value and demonstrating confidence in the company’s market position.
More about Thorney Technologies Limited
Thorney Technologies Limited operates in the technology sector and focuses on investments in technology-related businesses. The company is known for engaging in strategic buy-backs to optimize its financial position and shareholder value.
YTD Price Performance: 4.29%
Technical Sentiment Consensus Rating: Buy
For detailed information about TEK stock, go to TipRanks’ Stock Analysis page.