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TRI Trifast Plc

73.00
0.00 (0.00%)
19 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Trifast Plc LSE:TRI London Ordinary Share GB0008883927 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 73.00 73.20 76.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Manufacturing Industries,nec 244.39M -2.87M -0.0213 -34.37 98.57M
Trifast Plc is listed in the Manufacturing Industries sector of the London Stock Exchange with ticker TRI. The last closing price for Trifast was 73p. Over the last year, Trifast shares have traded in a share price range of 62.60p to 95.80p.

Trifast currently has 134,652,239 shares in issue. The market capitalisation of Trifast is £98.57 million. Trifast has a price to earnings ratio (PE ratio) of -34.37.

Trifast Share Discussion Threads

Showing 2826 to 2848 of 2850 messages
Chat Pages: 114  113  112  111  110  109  108  107  106  105  104  103  Older
DateSubjectAuthorDiscuss
13/3/2024
10:01
Not much volume, yet off nearly 10%! ANy views
qs99
22/1/2024
08:41
Well, IMO that dip/sell off has been well bought, was nearly 30% off on the open, now only 14% off....DYOR
qs99
22/1/2024
08:29
Market is digesting this news pretty well IMO....this was always a re-structure, de-leverage "play" so maybe market are saying, OK, get all bad news out and let's focus on delivering that flip from debt value into equity...DYOR let's seee
qs99
22/1/2024
08:08
Well good news is the leverage is coming right down, so long-term hold now! DYOR
qs99
22/1/2024
07:38
Expect significant markdown on opening- Closing Friday 92/95

"Consequently, the Board now expects that the Group's results for the year ending 31 March 2024 to be significantly below its previous expectations, with revised revenue at c.£230m and adjusted EBIT margin percentage of c.5%.

The more testing environment that we are now experiencing in 2024 in terms of growth is being severely impacted by a further slowdown in customer demand and volumes across the business and to an extent by the reported macro-economic challenges and geopolitical events."

pugugly
22/12/2023
08:39
Stake in Trifast has gone.
tyranosaurus
01/12/2023
13:23
it's always been a bit opaque, but they do manufacture as well. in fact as i understand it they distribute stuff they make and third party product, and they sell stuff they make and distribute it themselves. i think their strongest hand lies in the fact they can supply a vast array of small components in the right mix at the right time - not a skill to be underestimated or undervalued.
eigthwonder
01/12/2023
12:48
Has this company got any protective moats for its business ?

For its distribution turnove (~3/4 of turnover) I don't see any.
If a car company wants X million fasteners per month, they can get a quote from Trifast as the distributor and also directly from manufacturers.
If the distributor wants too much commission then just deal directly with the producer.

Or am I missing something ?

And for fasteners that they make then the clients will surely seek competing quotes, which will surely limit the possible profit. And if the exchange rate moves against you might go from being busy to having little work since a competitor in other currency area might suddenly be cheaper than Trifast.

smithie6
24/11/2023
15:56
Starting to gain some momentum
queenbreguet
20/11/2023
12:08
Intrim results tomorrow. Any views ??
queenbreguet
10/11/2023
22:06
Signs of life
queenbreguet
24/10/2023
07:17
Very cautious pug……waiting game now until 21 November
joshuam
24/10/2023
06:30
Trading update cautious - Possible markdown on opening?
pugugly
11/9/2023
07:43
Simon Thompson had this to say last week, FWIW (when writing about LDG...)

A nuts ‘n’ bolts recovery play
Trifast is interesting, too. It’s also a holding of the smart investment team at Rockwood Strategic (RKW), a constituent of my market-beating 2016 Bargain Share Portfolio. The company is an international manufacturer (30 per cent of sales) and distributor (70 per cent) of fasteners (nuts and bolts).

Operating across 34 locations, of which seven are high-volume manufacturing sites, Trifast sells 15bn parts every year. The company has a long history of profitability and cash generation, is well invested in plant and machinery and has substantial net assets. However, returns have fallen in recent years, and return on capital employed (ROCE) is poor. So, to boost Trifast’s operating margin, which declined from 6.7 to 4.9 per cent in the 2022-23 financial year, management is carrying out a restructuring to deliver savings. Also, a keener focus on cash generation and working capital management should help drive down the group’s elevated borrowings.

If all goes according to plan, there is potential to materially increase Trifast’s cash generation, reduce leverage and improve both ROCE and profits to drive a normalisation of the rating. To put the potential into some perspective, analysts at brokerage Zeus Capital expect operating profit to increase 70 per cent over the next two financial years from £12mn to £20.4mn. Their prediction is based on an expansion in Trifast’s operating margin from 4.9 to 7.5 per cent and factoring in 11 per cent sales growth.

Moreover, with net debt (including leases) forecast to be slashed from £53.8mn to £35.9mn, then more of the economic interest in the £108mn market capitalisation company will be transferred from debt holders to shareholders, a catalyst for a higher rating. The shares are priced on forward PE ratios of 12.3 (2024) and 8.6 (2025), highlighting the scale of the potential re-rating, assuming of course that the restructuring is well executed.

boystown
11/7/2023
06:59
Accounts a bit of a curate's egg - Turnover up Profit down - Stock levels well reduced - Dividend up. Will have to see how Mr Market treats the results -
Forward vision apparently improved.
"There can be no doubt that this has been a very challenging year, particularly with macro-level supply chain issues and inflationary cost pressures. However, the recent performance, together with renewed focus, starts to give us confidence on achieving our plans in FY24.



In Q4 FY23, the Group achieved its key immediate priorities together with robust future orders received. Our record-breaking order book of £25.6m together with a focused, customer engagement programme allows us to work towards our medium-term objectives.



Our price increase programme for some of our key customers ensures price mechanisms are in place to manage future key cost drivers as our ongoing way of doing business. This, combined with our focused drive on working capital, especially inventory management, ensures we manage our customer expectations at controlled and appropriate levels. Our target for FY24 is to achieve a balanced inventory level with a continued focus to reduce further through innovative tools.



We have prepared for the future by renegotiating debt facilities, which will allow us to grow through organic and acquisition investments. This is in two forms: first, renegotiation of our RCF to £70m; and second, with a new UKEF-EDG supported debt facility of £50m. This combined facility will allow us the flexibility to invest and grow the business in the key sectors on a global basis.



In support of our ongoing growth journey and developing the foundations for the future we are targeting our capex on sustainable opportunities combined with short financial payback periods. FY24 is key to complete the revised roll-out for our business transformation D365 project by the end of the year.



As a result of this we are confident in the medium term that we can return to our KSI targets for both UOP% and ROCE.

At a guess will open down.

pugugly
26/4/2023
21:13
Yep got a leg up as expected after the solid results today.

Overall still lingering though, amazingly it’s still only around the 70p mark. Was 190p before Covid and managed 160s in both 2021 and 2022.

archy147
26/4/2023
06:54
Good set of results and increase in dividend. Hopefully the share price will reflect this.
queenbreguet
03/3/2023
09:25
Past 70p now, the rise from 50p was the easiest 40% I've ever made lol.

Unbelievably, this is still well below the covid low of 96p. Still plenty of time to fill your boots here :)

archy147
27/2/2023
16:07
DBAY have a habit of making an offer for companies they hold notifiable stakes in. Although they have been less active in this more recently. They bought Caretech in 2022 and Telit & Proactis in 2021. They declined to bid for Anexo in the end, and you can see why with their revenue recognition! DBAY haven't (yet) bit for Finsbury Foods or Alliance Pharma, where they are increasing stakes. If they do bid, I expect them to stake build for a while yet in order to strengthen their hand.
dangersimpson2
27/2/2023
15:16
Awesome RNS, another fund buying. Can't believe p.i.'s not showing more of an interest here, though happy to see my recent investment continue to grow !
iamthemagnificent
24/2/2023
08:48
Well I started adding again at 61.2p and averaging up since, seems to be on the move again. Very quiet message board here ;-)
iamthemagnificent
22/2/2023
15:49
Schroders also adding.

Time to re-join the recovery party ?

iamthemagnificent
21/2/2023
13:35
Yep pathetic director purchase !

But much better one from Slater Investments just RNSd

iamthemagnificent
Chat Pages: 114  113  112  111  110  109  108  107  106  105  104  103  Older

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