Thorney Technologies cancels 3.9m shares under on-market buy-back
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Thorney Technologies Limited has cancelled 3,918,885 shares under its on-market buy-back program, as per an ASX filing dated February 27, 2026. This reduction in issued capital reflects ongoing capital management, potentially enhancing earnings per share and increasing existing shareholders' ownership. The company's management shows confidence in its valuation and long-term prospects. The latest analyst rating for Thorney Technologies (AU:TEK) is a Hold with a price target of A$0.13.
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