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I am always very optimistic (sometimes too optimistic) for buying.
This looks for me like pump and dump strategy now.
17p SP is a great price for sale this time instead of buying more.
This will drop to 7-12p again next week I am almost sure. I would suggest to get a profits like I did on 17p as this will go down.
As you can see testing levels from begining of March now and this does not look positive to breach that levels next week. Shorters know what they are doing (that's for sure) - If you are investing 100's of thousands of pounds in shares to short (even millions) you know what you're doing right ? This is not just few grand, we are talking about millions. Shorters are still there. So they know this will go down in few weeks maybe and when this will reach 7-10p again then they will sell it.
I would love to see TLW to go back to 60's but this won't happen yet. Maybe in few months but 100% not now.
I have sold my investment on 17's and waiting to buy again in 10's now.
I have received update from my friend:
Trading Overview
We have confirmed the 24-hour pause we undertook last week across our sites and workplaces to ensure implementation of the Site Operating Procedures issued by the Construction Leadership Council and endorsed by Public Health England.
If sites or workplaces are not able to operate to this standard, we will either implement modifications to their layout or working practices or close them.
Approximately 80% of our sites continue to operate but as we all know the situation is fast-moving and dynamic. We are therefore continuously reviewing our response to it and are adapting our procedures so as to continue to deliver our services in a safe and responsible way.
Although COVID-19 has created uncertainty, we operate across sectors which are vital to the country.
We maintain the UK's highways, deliver vital maintenance to peoples' homes, provide facilities management services to the NHS, build schools and hospitals, deliver critical national infrastructure and provide key maintenance and repair services to the water, gas, power, telecoms and rail sectors.
We continue to enjoy the support from our major customers including Highways England, the Ministry of Justice and various utilities providers.
Many of these services have Government support and key worker status has been given to a number of employees who are carrying out these activities.
Approximately 73% of our core activities relate to work for Government departments or quasi-governmental entities (for example, HS2 or Network Rail) and a further c.13% relates to services delivered to regulated entities (for example, in the utilities sector).
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COVID-19 mitigating actions
As we confirmed in our half year results earlier this month we have a clear strategy, including a cost saving programme and a focus on debt reduction.
In response to COVID-19, we have implemented a number of additional measures which we have communicated to all employees.
This includes c.6,500 employees, including the Executive Committee, and the Board taking a reduction of between 7.5% and 25% in their base salaries or fees for a three-month period beginning on 1 April 2020 and bringing forward the closure of our head office at Tempsford Hall to 30 April 2020.
We recognise that the situation is changing rapidly and we have confirmed that trading from 1 January 2020 to date has been in line with the Board's expectations Our cost saving programme also remains on track to deliver at least £65m of savings for the financial year ending 30 June 2021.
We continue to have a close dialogue and work together with all our key stakeholders, including the Government and our customers, suppliers and lenders and will continue to review our plans to mitigate the effects of the pandemic.
I think this is great move from Kier - People still have money in that Covid situation, also group won't struggle as they will save some money from it. It's quite a good move they did to be honest. That SP should go up today. More free cash and no one is loosing job because of this.
I have just bought some extra shares to lower my old which I bought on 50's :/ damn. I think we can see the light in that Cave and I want to see TLS SP in 20-30's within a weeks. More important - I want to see all that damn shorters gone !!