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An announcement from Thorney Technologies Limited ( (AU:TEK) ) is now available.
In its December 2024 update, Thorney Technologies Ltd reported a slight increase in its net tangible asset (NTA) backing per share, with pre-tax NTA rising to 25.8 cents. Despite some market weaknesses, TEK’s strategic active shareholder approach and on-market share buyback initiatives have positively influenced its investment portfolio, leading to constructive changes in several key positions. The company remains cautiously optimistic about its portfolio’s performance outlook while continuing to address the share price to NTA discount.
More about Thorney Technologies Limited
Thorney Technologies Ltd (TEK) is an ASX-listed investment company focused on technology investments across various sectors such as fin-tech, e-commerce, education, agriculture, medical, telecommunication, robotics, and AI. Managed by Thorney Investment Group, TEK invests in both listed and unlisted companies, seeking early-stage opportunities with disruptive technology and business models.
YTD Price Performance: 7.14%
Technical Sentiment Consensus Rating: Hold
See more insights into TEK stock on TipRanks’ Stock Analysis page.
