Trifast Share Discussion Threads

[thorpematt] 01/10/2015 20:24

So £6.16m price paid for £1.26m that's like a PER of 4.9

I would say that's a bit of bargain to put it mildly!

I will not be selling any of my stock for the time being since I think fair value is closer to £1.60 and so that would be well... er...illogical.

[mr_spock] 01/10/2015 12:22

For the year ended 31 December 2014, Kuhlmann reported revenue of €6.70 million (£4.86m) and profit before tax of €1.74 million (£1.26m). That's 1.74/6.7= 26% margin.
Compare that to Trifast's last annual report 11,849m/154,741m= 7.7% margin.

No wonder Trifast say it will be earnings enhancing in the first full year of ownership.
Got to give Trifast credit for their acquisitions. That Kuhlmann £1.26m PBT is over 10% of Trifast's PBT at last year end, and TRI get an 'in' into Germany.

And I sold half yesterday.

[alan@bj] 01/10/2015 10:22

Another good acquisition. Profitable, good management, decent price paid, mainly from existing cash resources.

[reddave999] 29/9/2015 09:12

It could delay the decision to buy until we find out who else has been fiddling.

[tudes100] 24/9/2015 22:07

Consumers will still buy cars, whether from VW or any other manufacturer. They may move between brands but I can't see how this is going to impact global demand for cars and therefore global demand for car widgets.

[alan@bj] 24/9/2015 20:31

It's a hurricane in a tea cup

[davr0s] 24/9/2015 20:02

Won't they need even more widgets for the replacement cars that will need to be built :)

[sailastra] 24/9/2015 16:14

The fact that the share price has held up so well, whilst all around is in free fall is encouraging. However given the importance of the motor industry as a major customer and the pasting that the engineering sector has taken in the last few days I think we will do well to avoid the fall out......I am out for now..

[davr0s] 18/9/2015 19:28

I wouldn't worry as the other day it was the other way around. If you have level2 you can see buy and sell orders are often taken off at the end of a session so I suspect there has been a clear out of orders at the end of the day - likely to be back on Monday

[alan@bj] 18/9/2015 16:54

ADVFN Monitor shows "Bid" 100.50?? Makes no sense with "Offer" at 116.50 and "Current" at 113.00.

[tudes100] 17/9/2015 01:36

www.brrmedia.co.uk/event/140238/malcolm-diamond-mbe-executive-chairman
Interview with exec chairman on latest update. Reference to being a company that likes to over-deliver vs expectations and also the fact they actually buy more from China than they sell (6% revs).
Happy to stick my neck out and say HY results in November will be good. In July the company had to pay out a deferred consideration of 5m euros due to strong performance of the recent acquisition Vic and Exec Chairman seemed pretty bullish on performance particularly in Far East (Singapore). Far East is approx 25% revenue but op margin approximately double that of any other region. Vic acquisition is (significantly) margin enhancing as well so should help drive overall profitability.
Its been a good run since 2013 but I'm happy to continue holding as I think on current forecasts (FY16 forecast PE 12.4x, FY17 11.9x) there is still plenty of room to grow.

[amencorner] 16/9/2015 19:04

Yes Red I agree but I am happy to be bored and hold this one for some time to come. All of my best winning stocks are ones that many investors/commentators just don't get excited about.

[reddave999] 16/9/2015 16:37

Not much reaction from the market though.

[amencorner] 16/9/2015 09:10

Yes, I agree with others, decent enough update.

[meijiman] 16/9/2015 08:38

Yes a very solid update. An excellent company. Hopefully allayed a few fears about China.

[broadwood] 16/9/2015 07:48

Happy enough with that.

[alan@bj] 16/9/2015 07:11

Another reassuring trading update.

[dugger12] 13/9/2015 13:11

mentioned on the blog

[gleach23] 09/9/2015 15:22

a welcome jump in the bid this afternoon - no doubt it won't last!

would be nice to have a run up to a trading update a week today with the AGM

[alan@bj] 03/9/2015 16:47

I see we go ex-dividend 2 weeks from today.

[reddave999] 31/8/2015 14:12

Many thanks Alan :)

[alan@bj] 31/8/2015 13:49

Just checked back and there was an update 18th September last year, so it's reasonable to assume there will be one on 16th September this year.

[alan@bj] 31/8/2015 13:46

There's an AGM on September 16th. It's possible a trading update could accompany it, but the next scheduled results (from the Financial Calendar on Trifast's website) won't be until November, for the 6 months to 30th September.

[reddave999] 31/8/2015 12:49

Anyone know when next trading update is? I seem to think it is mid September, thanks in anticipation :)