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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Trifast Plc | TRI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.20 | -1.58% | 74.80 | 16:35:23 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 74.80 | 74.80 | 74.80 | 74.80 | 76.00 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 21/11/2023 | Interim | GBP | 0.006 | 14/03/2024 | 15/03/2024 | 11/04/2024 |
| 26/04/2023 | Final | GBP | 0.015 | 28/09/2023 | 29/09/2023 | 13/10/2023 |
| 22/11/2022 | Interim | GBP | 0.0075 | 16/03/2023 | 17/03/2023 | 13/04/2023 |
| 26/07/2022 | Final | GBP | 0.014 | 15/09/2022 | 16/09/2022 | 14/10/2022 |
| 23/11/2021 | Interim | GBP | 0.007 | 17/03/2022 | 18/03/2022 | 14/04/2022 |
| 22/06/2021 | Final | GBP | 0.016 | 16/09/2021 | 17/09/2021 | 15/10/2021 |
| 19/11/2019 | Interim | GBP | 0.012 | 12/03/2020 | 13/03/2020 | 09/04/2020 |
| 11/06/2019 | Final | GBP | 0.0305 | 12/09/2019 | 13/09/2019 | 11/10/2019 |
| Top Posts |
|---|
Posted at 11/7/2023 07:59 by pugugly 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. |
Posted at 26/4/2023 07:54 by queenbreguet Good set of results and increase in dividend. Hopefully the share price will reflect this. |
Posted at 21/2/2023 10:33 by philanderer Peel Hunt backs Trifast despite short-term turmoilTrifast (TRI) boss Mark Belton has stepped down following a worrying trading update, but Peel Hunt believes there is longer-term value at the industrial fasteners engineer. Analyst Henry Carver retained his ‘buy’ recommendation but cut the target price from 140p to 110p on the stock, which plummeted 34%, or 31p, to 61p on Monday. While the business remained on track to deliver 11% revenue growth in 2023, profitability was ‘knocked off course’ as currency movements and ‘significant customer destocking’ hit in the third quarter. Carver reduced his full-year 2023 earnings by 28%, while higher interest rates mean profits were downgraded 39% to £8.9m. ‘Our target price reduces to 110p, which puts the shares on a recovery rating of 16 times our new full-year 2024 earnings per share, but we keep our ‘buy’ rating,’ he said. ‘Good demand levels across the group, new business wins, and price increases taking effect give us confidence in the long-term value of the business.’ Carver added that new interim chief executive Scott Mac has an ‘in-depth knowledge of Trifast’ having been a non-executive director for nine years, as well as having a career in the fasteners industry. citywire.com |
Posted at 20/2/2023 10:05 by wall street trader are they maintaining the dividend ? |
Posted at 20/2/2023 09:57 by pugugly investopedia - Fair comment - Have been trying to check macro trends for industrial fasteners - as yet not luck.Trend until recently was possibly more towards gluing but with pressure now towards renewables and repair gut feel is that TRI should benefit But a always DYOR ETC Able to buy now at sub 50p |
Posted at 28/11/2022 20:59 by archy147 Fair enough hamham, I think holding all those for few years will see you rewarded as most are at very depressed values and a fair few will surely recover.I currently hold 6 of them myself (FSJ LUCE OTB SFOR TRI TUI). A few others are on my watchlist, hoping for a lower entry point. Good luck! |
Posted at 27/11/2022 08:41 by hamhamham1 Boystown, interesting :)If I were talking my book, I would mention my Dirty 30 (ish)... ASC, BOO, COST, EZJ, EVR, FSJ, FCH, IGR, ITV, JUP, WG., KIE, LUCE, MKS, MTRO, OTB, REVB, RR., SFOR, SAGA, SDRY, SYNT, THG, TRI, TRST, TUI. |
Posted at 26/11/2022 19:23 by boystown It’s interesting to zoom out on TRI and look at a five year performance during which annual operating profit has varied from a pandemic low of £10.5m and a high of over £20m, with EPS varying between a Covid-affected 0.26p and c.12p which is more“normal“So what?” you might reasonably ask, but this is a fairly consistent global “nuts and bolts” business which may not deserve a high rating, but which certainly deserves a reasonable one IMO as their products are top quality AIUI, witness; hxxps://www.trfasten And this week’s results showed a company gradually getting back to something like normal despite the obvious challenges. So for reasonably patient investors; with t/o of c.£220m and operating profit gradually getting back to, let’s say, £15m - then a “goodwill̶ So for investors who, by design, decide not to sweat the minutiae but to focus on the bigger, slightly longer-term picture, these have to be worth triple figures at least? Anyway, I’m talking my book as I bought at 54p this week - so please don’t listen to me! |
Posted at 29/8/2021 11:59 by tole Hi SphereAlso been watching here - Volume has been significant of late -though as you point out forecasts aren't necessarily screaming value. Everything a little bit frothy in a lot of shares.Picked this article out from the weekend anyway.Another cheap UK share on my radarTrifast (LSE: TRI) is another cheap UK share City brokers expect to enjoy explosive earnings growth. This is perhaps no surprise as this small-cap stock manufactures screws, bolts and other fastenings that help keep a broad array of consumer goods and industrial products tied together. It's therefore well-placed to ride the current economic recovery.The number crunchers think Trifast's earnings will soar 75% in the financial year to March 2022. This means the engineer trades on a rock-bottom forward PEG ratio of 0.3. A reminder that a reading below 1 suggests a stock could be undervalued at current prices.It's possible these estimates could be swept off course if supply chain problems in Trifast's end markets persist however. For example, auto production in Britain has slumped to its lowest since 1956 because of massive parts shortages and worker absences. The UK share sources around 35% of revenues from light and heavy vehicle production. |
Posted at 06/4/2021 15:07 by fillipe Judging by the lack of recent comment etc., on the various discussion platforms, it appears that TRI has been much forgotten.However, trades-wise today, with 57 trades having gone through (multiples of the usual deals) up to the time of writing, maybe the aforesaid is about to change!? That would correspond with my reading in February that future finals could prove interesting. f |
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