Trellidor considers share buybacks after Covid-19 hit

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.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

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