Somewhat reassuring to see some were buying. Huge volume today. Not retail obviously.
I think the market got TLS wrong today. The changes outlined are positive IMO, and more importantly it shows that TLS is ready to fight. Looks like they are willing to compete on price and at this price if it can't make it work with all its cash, network superiority, market share and cost cutting how are the others going to survive? I think the last man standing will survive and prosper, but until then profits and dividends are under pressure. At least now they are putting up a fight, where as before they were just letting the competition slowly but surely impact on market share. Of course they have to walk the talk. Time, as always, will tell.
By the time I found my courage to buy some more it was 2.76, so 3k at that price it was. Little difference between 2.70 to 2.80 at that amount to my portfolio anyway. Next buy is low 2.50 if it gets there.
