Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)
Lithium
44.03
(0.23%)
Gold
2,664.00
0.02%
Copper
4.35
(1.2%)
Oil
71.19
(0.45%)
Bitcoin
65,466.07
(0.91%)
FTSE 100
8,292.70
0.47%
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.30
(1.2%)
USD/AUD
0.67
(0.22%)
Hang Seng
20,270.27
(3.69%)

EDU (ASX: $EDU) to undertake on-market and selective share buy-backs

EDU's intention to manage capital effectively


EDU Holdings Limited (ASX:EDU) has announced its plan to undertake an on-market buy-back of up to $1 million or approximately 16.5 million ordinary shares, as well as selective share buy-backs with two institutional shareholders. The on-market buy-back is set to commence on 11 October 2024, and the selective buy-backs represent 8.9% of the Company's outstanding issued ordinary shares, subject to shareholder approval.

CEO's perspective on the capital management initiative


CEO Adam Davis expressed, 'It is encouraging that the current strength of the balance sheet provides the Company with the flexibility to initiate this capital management initiative at a time when the business is trading at a substantial discount to the board's view on its long-term value.'

Capital management initiative and outlook


EDU Holdings Limited (ASX:EDU) has announced its intention to undertake an on-market buy-back and selective share buy-backs, citing the increased market uncertainty following the Government's proposed introduction of caps on new international student commencements from 2025. The on-market buy-back will be of up to $1 million or approximately 16.5 million ordinary shares, while the selective buy-backs represent 8.9% of the Company's outstanding issued ordinary shares and are subject to shareholder approval. The CEO, Adam Davis, highlighted the strength of the balance sheet, providing the Company with the flexibility to initiate this capital management initiative. Further details regarding the selective buy-backs will be contained in the Notice of Meeting, which will be dispatched in due course.

EDU HOLDINGS LIMITED
EDU | ASX | Consumer Discretionary
0.069-0.001(-1.43%)
At close 14/10 (AEDT)
Market cap
$11.4M
Volume
15,304
DY Yield
PE Ratio
52 Week Range
0.058 - 0.155
1YR Return
N / A

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