Trifast Share Discussion Threads

[tole] 28/10/2021 19:29

https://masterinvestor.co.uk/equities/trifast-fasten-onto-this-groups-shares-before-the-next-price-rise/

[buywell3] 15/9/2021 16:54

This chart is weakening imo free stock charts from uk.advfn.com free stock charts from uk.advfn.com

[tole] 29/8/2021 10:59

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.

[sphere25] 12/8/2021 14:50

Breaking out on heavy buying today. It looks like the better value was down back in late July, but someone is clearly keen today. Judging by the chart, 160p target if it can crack 150p. Market still showing alot of bullish characteristic by gobbling up these patches of weakness, even when there are question marks. All imo DYOR

[philanderer] 21/7/2021 10:49

LIBERUM INITIATES TRIFAST WITH 'BUY' - TARGET 260 PENCE

[philanderer] 05/7/2021 14:38

Looks like ShoreCap should definitely have waited ;-)

[alan@bj] 21/6/2021 15:44

I'd have thought Shore would have waited for the results before publishing their BUY recommendation - though it is welcome!

[philanderer] 21/6/2021 13:32

Yes .." Group's full-year results which are scheduled to be released on Tuesday, 22 June 2021."

[alan@bj] 21/6/2021 12:35

Final results are due tomorrow, aren't they?

[philanderer] 21/6/2021 09:47

SHORE CAPITAL MARKETS RAISES TRIFAST TO 'BUY' ('HOLD')

[fillipe] 06/4/2021 14:07

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

[farrugia] 18/11/2020 15:27

grabbed some of these today - as soon as i got in they moved up 7%

[1liam] 18/11/2020 13:56

https://m.youtube.com/watch?v=6uq6J5TB5ow

[pireric] 24/9/2020 20:36

I own HEAD from the list so found the trading late afternoon very peculiar. Then saw a mention elsewhere that ZTF closed up nearly 20% on no news and was shocked so looked at the trading volumes and same thing. Then looked at the top risers/fallers on the ADVFN pages and looked at the volumes and a pattern emerged.

[farrugia] 24/9/2020 20:21

I noted the move in RPS too. how do you get these stocks under your rader pireric if i may ask?

[merrimac] 24/9/2020 18:38

Interim revenue is expected to be higher than forecast.

[pireric] 24/9/2020 17:07

Im throwing a conspiracy theory out there. Someone has been very questionably trading (generous wording) on several stocks today with a huge amount of tiny trades. ZTF RPS HEAD IOM SFR TRI JOUL XPS No idea who, and I don't have an excuse for whoever is doing it, but look at the trade sizes across the stocks. Not a healthily functioning set of markets

[tole] 24/9/2020 16:29

Bit of a move today. Any reason?

[farrugia] 17/8/2020 11:58

mmm going up?

[joshuam] 22/6/2020 20:51

Yes agree sphere I’m bearish with this one, just waiting for a nice easy 6. The chart for the last two months does look great though.

[sphere25] 22/6/2020 13:09

FinnCap have released forecasts (a rarity in this environment): 2020 EPS to come in at 10.7p. Clearly that is for the year ended March just gone, but the surprising thing is that 2021 EPS are expected to fall to only 10.5p with turnover actually rising 3%. That seems remarkably resilient. Perhaps I'm too bearish (looking out more to 2022 rather than 2021 for that form of recovery) or they're too optimistic (note that there were pre-Covid warnings here in Oct 2019 and Feb 2020). I guess time will tell, but either way if the wider market gets shaky and this tumbles, a better entry point should be presented. US is moving sideways at the moment. There is no conviction move, but with a nervous undercurrent. Numerous headwinds on the horizon (beyond Covid-19) so its a wait and see. A few of the recent trades have broken out and been sold into too so it's all abit edgy out there. Clearly not as straightforward as when the party 10-20% moves were happening almost daily. Mr Market has changed bowler - harder to hit this one out of the park. It's more a defensive theme and picking the right balls to ensure your stumps don't get blown away.

[joshuam] 20/6/2020 04:06

I too have been in and out of this, got caught with a few now. Hoping normal progress returns shortly

[sphere25] 19/6/2020 10:24

Well that move has been abruptly halted by the placing with the stock off 6% at 125p. It's always a risk out there now, particularly with the recent strength in share prices. Many stocks have reacted positively to financing's, but the movements have been volatile in both directions Many companies are taking advantage of a better position (relatively speaking) and shoring up the finances. Recent examples include SHI, STVG, DLAR, WMH, ESC, NEXS, AIR, BIFF, ANG, PMP, RBG, STOB, TED, IWG. There are loads and many more will follow. Still difficult to not be apprehensive about many of the rapid recoveries in stocks. If you look at TRI's statement on trading: "..revenues in April 2020 were approximately 50 percent lower year-on-year, with profitability being significantly adversely impacted. Encouragingly, volumes have begun to recover in all key end markets which, together with a return to fuller operational capacity, resulted in Group revenues improving in May 2020." There is more a encouraging comment straight after: "The current pipeline of opportunities and activity levels around the Group remain encouraging and based on current order books and customer discussions, the Board expects further recovery in June 2020, with the Group returning to underlying profitability in the month." But if we focus on the initial paragraph, that is the theme with so many company statements. There is clearly a huge fall off and then a form of recovery in May and June, but still significantly away from the prior year (let alone forecasts pre Covid-19). With so much uncertainty out there on the economic front as well as news yesterday of outbreaks of Covid-19, I just wonder if these earnings and a slower progression than anticipated might cause some weakness in stocks. It would be going from the current rally on any form of positive news to selling on news. The market is taking the view that these recoveries will continue strongly and even handing out an almost blanket earnings passes for this year and even next for many out there. Clearly the central bank liquidity is winning over fundamentals at present and it's hard to see how overall markets will be allowed to fall materially, but that's not to say individual stocks have got ahead of themselves. TRI specifically wasn't bonkers expensive with pre Covid-19 EPS expected to come in at 11.3p. It had fallen from 14.3p the prior year, but if the market was factoring in a recovery, the multiple wasn't excessive particularly not compared to some of the ratings out there. With forecasts withdrawn, hard to say when the earnings recover here (need to know the placing price too - market is suggesting somewhere around 120-125p at present), but if you took a longer term view to 2022 perhaps there are enough positive noises (vaccine included) to suggest EPS could be back in double digits. That would suggest buying any material weakness here. Perhaps it is easier being a longer term holder. As a shorter term trader, I'm going to continue nipping in and out of things but this was an interesting example of some of the themes out there. EDIT: Can't see that trade of 239,000 Joshuam. The ADVFN system is guessing trades so not always reflective of the true buying and selling but the price move will usually paint the real picture.