Thorney Opportunities Ltd. ( (AU:TOP) ) just unveiled an update.
Thorney Opportunities Ltd reported a slight decrease in its net tangible assets (NTA) after tax from 84.0 cents per share in January 2025 to 83.6 cents in February 2025. Despite some portfolio companies like Southern Cross Electrical and Service Stream showing promising results, the overall performance was negatively impacted by the declining share prices of AMA Group and Austin Engineering. The company continues its on-market share buyback program, purchasing shares to reduce the share price to NTA discount, and announced an extension of this program until March 2026. Additionally, the Board declared a fully franked interim dividend of 1.1 cents per share, reflecting a 5% increase over the previous corresponding period.
More about Thorney Opportunities Ltd.
Thorney Opportunities Ltd (TOP) is an ASX-listed investment company that focuses on investing in both listed and unlisted equities and financial assets across various sectors, including media, automotive, energy, engineering, mining services, and financial services. The company aims to carefully select investments to unlock value in identified companies, managed by Thorney Investment Group.
YTD Price Performance: -5.95%
Technical Sentiment Consensus Rating: Sell
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