The latest update is out from Keller Group plc ( (GB:KLR) ).
Keller Group plc has announced the launch of a multi-year share buyback program, starting with an initial tranche of £25 million, as part of its capital allocation strategy. This initiative aims to reduce the company’s share capital and enhance shareholder returns, leveraging its strong cash generation and reduced net debt. The buyback program is seen as a strategic move to utilize surplus cash, complementing the increased dividend for 2024, and reflects the board’s confidence in the company’s future prospects.
More about Keller Group plc
Keller Group plc is the world’s largest geotechnical specialist contractor, offering a wide range of advanced foundation and ground improvement techniques used across the construction sector. With approximately 10,000 employees, Keller operates on five continents and handles around 5,500 projects annually, generating an estimated revenue of £3 billion.
YTD Price Performance: -4.83%
Average Trading Volume: 150,536
Technical Sentiment Signal: Sell
Current Market Cap: £1.01B
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