Tricorn Share Discussion Threads

[mrphil] 17/7/2017 17:26

I presume it wasn't those director dealings that caused the rise today? ;-)

Not complaining, these are doing very nicely!

[thevaluehunter] 07/6/2017 13:58

EBITDA at £933k vs £431k in the prior year. Hopefully back to the £2m ebitda levels seen in 2012 and 2013 pretty soon. Adjusted ebitda at £1,202k if you include the FX gain going through reserves.

[hamidahamida] 07/6/2017 09:41

Commenting on the results and the Group's prospects, Andrew Moss, Chairman of Tricorn, said:"In a period in which market conditions have at times been challenging, we are pleased to report a significant improvement in our performance, with profits in the year to 31 March 2017 being significantly ahead of market expectations. During the year we successfully completed the consolidation of our manufacturing operations in China, which is now trading profitably.The investment we have made in aligning our manufacturing footprint to the needs of our customers combined with our ongoing focus on operational performance is enabling us to win new business, grow market share and improve profitability.We are encouraged by the improved trading in the final quarter of the year and expect to make further progress in the current year."

[gingerplant] 07/6/2017 08:44

The title of the thread may be a tad ambitious, but I would have thought c.50% of that figure (mkt cap c.£10m) should be reasonable given continued progress.

[meijiman] 07/6/2017 08:34

Jolly decent looking all round I would say and an encouraging outlook to boot.

[meijiman] 31/3/2017 12:49

Interesting developments at AVG. TCN seems bid proof though............

[hamidahamida] 29/3/2017 08:33

Business has turned a corner directors have been buying bucket loads Godwilling 30p is quite achievable within next 12 months

[meijiman] 20/3/2017 16:28

Back to 30p then.......haha

[aleman] 20/3/2017 16:08

Caterpillar sales finally stop falling (more or less) thanks to booming sales in Asia. (Komatsu turned months ago thanks to a bigger presence there.)

[hamidahamida] 23/2/2017 10:50

Year ends in march
Hopefully we might get trading update

[the vampire] 14/12/2016 11:20

More director buying.

[hamidahamida] 13/12/2016 08:05

Director buying

[discodave4] 12/12/2016 13:12

Fair enough Aleman & Val.Just not too certain that Caterpillar are customers....if they are would expect some confirmation by TCN but can't find anything.DD

[aleman] 12/12/2016 12:30

TCN bought Whitley and renamed it Franklin Tubular Products.

The nature of TCN's business is almost like supplying nuts and bolts. They won't just supply directly to industrial equipment makers like Caterpillar, VW, Volvo, Deere, JCB and New Holland (all of which I have seen connected to Tricorn through media reports or annual report photos) but will also supply indirectly through suppliers of engines, hydraulic, braking and cooling systems to the above.

I have no idea how significant each of the big names might be. With much going through an indirect supply chain, one probably can't know. I was just reporting monthly news from Caterpillar and Komatsu to give an idea of how the global regions might be doing. I am not aware of monthly updates from other manufacturers. TCN sales have seemed to roughly follow global markets in the past, as one might expect with a company that produces a wide variety of "bits".

[valhamos] 12/12/2016 12:16

DD4

Have a look at clause 6g(4) in this link:



"Seller shall format such MSDSs and labels to identify the Item as a Caterpillar-branded product."

It would be strange to have such a condition in the purchase terms if Caterpillar were not a customer. Of course the purchase terms could be out of date and it does not of itself prove that Caterpillar is a current customer but you get the idea.

[discodave4] 12/12/2016 11:43

".....like Caterpillar and Volkswagen"Sorry but doesn't state that Cat & VW are customers of TCN.Will keep trying to find out.DD

[aleman] 12/12/2016 09:42

"The Whitley plant manufactures precision metal products such as tubing for use in equipment and vehicles made by companies like Caterpillar and Volkswagen"

[discodave4] 12/12/2016 09:15

Thanks Aleman.Doesn't say caterpillar are a customer and that article is 3 1/2 years old.DD

[discodave4] 11/12/2016 22:37

Thanks Aleman, any chance can post up a caterpillar link, searched but cannot find anything.DD

[aleman] 09/12/2016 20:57

Yes and don't know. Tricorn produce so many bits and bobs of pipe assemblies for various brake, engine and other hydraulic assemblies that they probably do something for just about everybody. Hence, it is useful to follow sales of the bigger players as market indicators.

[discodave4] 09/12/2016 19:18

Are Caterpillar & Komatsu customers of TCN?Not aware they are but wtfdik.DD

[aleman] 09/12/2016 16:43

Komtrax data finally turns positive in the USA, taking all 4 regions positive for the first time in this recovery.

[discodave4] 07/12/2016 22:07

Yep it did, but it (eps) didn't go up 110x, just over 3x.Are caterpillar a customer?DD