Trifast Investors - TRI

Trifast Investors - TRI

Stock Name Stock Symbol Market Stock Type
Trifast Plc TRI London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 62.00 00:00:00
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Industry Sector

Top Investor Posts

Top Posts
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“normal221;. During this time, the share price has been as high as 270p in April 2018 and a low of 50p last week.

“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://

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 “goodwill̶1; valuation of c.£100m would seem conservative. Add to that £200m for current assets and a really tiny amount for non-current assets, then deduct all liabilities and we come out at an admittedly rough valuation of 119p which, funnily enough, is where the share price was as recently as March. And it was just on a quid as recently as early September.

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 28/8/2018 09:52 by robow
private investors
Posted at 19/4/2016 08:13 by thorpematt
Very encouraging. TRI is not a particularly well-traded stock but there are things to get excited about (from an investors point of view). I think this update will draw some interest.

I have consensus EPS at 9.35p but I don't know what the upper and lower guidances were. One or 2 will have to upgrade since those at the lower end will have been wrong!

Posted at 12/11/2015 15:35 by alan@bj
Fairly lengthy commentary from Simon Thompson in Investors Chronicle today, ending as follows:-
"I am clearly not the only one positive on prospects for Trifast’s share price as analyst Jo Reedman at broking house N+1 Singer has an upgraded target price of 139p; David Buxton at finnCap has fair value at 152p; Henry Carver at house broker Peel Hunt has a 150p target; and both Mr Thefaut at Arden Partners and Nigel Harrison at Edison Investment Research are positive too.
Offering 20 per cent share price upside to my target price of 140p, I rate Trisfast shares a buy at 116p."

Posted at 10/11/2015 16:27 by alan@bj
IC view:-
TRI has yet to be "unduly affected" by waning confidence in the industrial sector, says chairman Malcolm Diamond. The manufacturer of industrial fasteners reported a 9 per cent increase in constant-currency revenues in the six months to September, prompting a 2 per cent jump in its shares on the morning of the announcement.
Most of the top-line growth came from VIC, the Italian domestic-appliance specialist acquired in May 2014. But success in Europe and Asia also saw Trifast deliver organic growth of 3.3 per cent. The group's Singaporean operation came out on top, thanks to a big increase in volumes from a large consumer-facing manufacturer. That was more than enough to offset tepid trading in Malaysia.
Singapore also benefited from a positive sales mix and careful management of supply chains and warehouse costs. Elsewhere, the introduction of computer-controlled 'lean-lift' storage and picking machines in the UK freed up vital space in the warehouse and halved stock-picking times. These types of efficiency-boosting measures boosted margins, sending underlying operating profit up 22 per cent to £8.6m.
Trifast plans to use extra funds generated from cost-cutting to make strategic acquisitions. It is eyeing opportunities in several regions, including Mexico and Spain.
Brokerage Arden Partners expects adjusted EPS of 9.4p this financial year, up from 8.7p in the year to March 2015.
Sluggish economic growth has concerned investors in Trifast, and the shares have sold off since the full-year results in June. But these numbers suggest their reaction has been overly harsh. That's an opportunity, with Trifast's shares now trading on an appetising forward PE multiple of 12 times. Buy.

Posted at 16/9/2015 18:04 by amencorner
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.
Posted at 17/6/2015 07:57 by alan@bj
Latest view from Investors Chronicle:-
News of the depature of Trifast (TRI) boss Jim Barker, who spearheaded the industrial fasteners specialist's transformation into a fully-fledged growth company, sent its shares down 2 per cent. Yet a 58 per cent surge in underlying operating profit for the year to March suggests he's leaving the engineer in great shape.
A focus on attracting international component manufacturers played a key role in the year's success. These customers now account for over 60 per cent of group sales - up from 40 per cent last financial year. Chairman Malcolm Diamond sees room for further gains, as he reckons Trifast has only captured about a quarter of large corporations looking to consolidate their supplier base.
Trifast also boosted its exposure to the domestic appliances sector - notably via the acquisition of Italy-based VIC - while continuing to post gains in other markets. In Europe it offset tepid demand from Nordic oil and gas clients with a raft of new automotive projects, achieving a 16 per cent increase in constant-currency sales.
The strong top-line growth, coupled with the benefits of a new commercial team, a single UK management structure and two new automated storage systems, helped widen the underlying operating margin by 2.4 points to 9.9 per cent.
Broker Peel Hunt expects adjusted EPS of 9.3p in the year to March 2016 (from 8.7p in FY 2015).

IC View:
Shares in Trifast are already up a third since our buy tip (95p, 22 Jan 2015), yet still trade at a discount to peers on 14 times forecast earnings. There's enough value there to offset fears about the impact of Mr Barker's departure, particularly as he's set to be replaced by his right-hand man, finance director Mark Belton. Buy.

Posted at 20/4/2015 12:04 by johnwise
Institutions - Pension Funds Holding Trifast (TRI)

Schroder Investment Management Ltd: Holding 11,869,741shares
Value Approx.£12,908,343.05

Michael Clifford Timms: Holding 11,000,000 shares Value £11,962,499.74

Henderson Global Investors Ltd: Holding 10,498,087 shares Valued £11,416,669.36

AXA S.A.and its group of companies: Holding 8,771,034 shares Valued £9,538,499.27

Michael J Roberts: Holding 5,814,000 shares Valued £6,322,724.86

Posted at 19/11/2014 13:45 by bigdazzler
Yes hawaly, very good to see and that should get an added boost when it makes the printed edition of investors chronicle on Friday.

Potentially current very short term rise could be up to 120p

Posted at 11/11/2014 10:28 by hatter2
I agree with sentiments posted regarding the interims. I am a current holder and will probably increase the percentage of Trifast in my portfolio as there are a good number of points that attract me to this company.

Things I like, in no particular order:

The well communicated trading statements and reports.

Very positive statements.

The amount of investor information on the Trifast site with even videos going right back to the formation of the business to what gives it the edge over the competition.

The numbers (based on information prior to the interims via Stockopedia):

ROCE: moving increasing nicely year on year over the past five years and now reaching what I consider as attractive levels.
No debt issue to worry about.
Good cash flow to eps and good free cash flow. PFCF and PE similar and reasonable; just gives me confidence that manipulation of eps is not taking place.
Operating margin increasing year on year over the past four and now five years.
A Piotroski score of 8; again giving me further confidence in the business.

Things I would like to see:
Possibly a more generous dividend: however, not at the expense of the growth of the business.

The above are just my thoughts and in no way a recommendation to others to invest in this company that many would see as boring; but I like to be bored. Personally I don’t see the share price flying in multiples but a 10-15% annual increase over the next couple of years would do me fine; as I say just my thoughts.

The main thing that I would worry about with Trifast is the barrier to entry from potential competition. They do seem to be regarded as the quality producer in the world of fastenings. I would be interested if anybody had any thoughts on the threat of competition.

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