Trellidor considers share buybacks after Covid-19 hit
Its share price jumped on the news, with one analyst saying the security specialist’s lean cost structure and cash position are impressive
22 September 2020 - 10:14
UPDATED 22 September 2020 - 18:20
The share price of fixed-security specialist Trellidor jumped 19% after saying it is considering further share buybacks as it recovers from a severe hit from Covid-19.
Sales in July and August have so far exceeded expectations, said CEO Terry Dennison, allowing the group to replenish its cash levels after losing an estimated R72m in revenue due to Covid-19...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.