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Thorney Opportunities Ltd. ( (AU:TOP) ) has shared an announcement.
Thorney Opportunities Ltd reported that its net tangible assets (NTA) per share remained flat at 84.9 cents after tax as of December 2024, despite market volatility. The company’s portfolio outperformed the S&P Small Ordinaries Index, achieving a 16.33% yearly return compared to the index’s 8.36%. The company remains cautious about the equities market outlook, especially with an upcoming Federal Election, but maintains a strong balance sheet with over $40 million in deployable capital. Thorney’s active share buyback program aims to reduce the share price to NTA discount, having purchased over 5.6 million shares to date. The company’s diverse portfolio saw gains in some investments, offset by declines in others, reflecting the broader market’s challenges.
More about Thorney Opportunities Ltd.
Thorney Opportunities Ltd (TOP) is an ASX-listed investment company that specializes in investing in both listed and unlisted equities across various sectors such as media, automotive, energy, engineering, mining, and financial services. Managed by Thorney Investment Group, the company focuses on selecting undervalued investments to unlock potential value through strategic advocacy with company management.
YTD Price Performance: 2.16%
Technical Sentiment Consensus Rating: Sell
For an in-depth examination of TOP stock, go to TipRanks’ Stock Analysis page.
