Poland's Huuuge puts buybacks aside, shares fall
ReutersApr 17, 2025 9:09 AM
Shares of Huuuge HUGP.WA fall 7% after the Polish game developer said on Wednesday it would prioritize growth investments over share buyback initiatives
"Probably investors have only now noticed the priorities the company is setting, meaning that share buybacks are not currently a priority", Erste analyst Krzyszof Tkocz says
The analyst adds that the company is clearly prioritising the search for acquisition targets, which, in his view, has caused the current discounting
Huuuge shares set for worst day since February 2022
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