Trifast Share Discussion Threads

[robow] 13/6/2017 07:38

"another record breaking year with results, ahead of our expectations"

[tudes100] 13/6/2017 02:44

Trifast is definitely a cyclical business, whether its cylindrical is another matter entirely :)

[walbrock82] 12/6/2017 23:00

Trifast is a global solution business that manufactures fasteners. It operates in 27 countries and has the logistics to send goods to over 60 countries.

Lately, business has been good and will continue for this year with analysts forecasting 25% return.

However, Trifast’s share price have risen by 35%, meaning valuation is priced in.
Trifast is prone to the business cycle. During the financial crisis, revenue fell from £130m in 2007 to £84m in 2010, before the long road to recovery. Meanwhile, operating profits fell from £7m to an operating loss of £10m.

Looking at the share price of Trifast, there are three scenarios, with the likelihood coming true:

Best-Case Scenario; - The shares will continue rising in the next 12 months unabated. The forecast is between £2.50 to £2.80 per share. (Probability outcome: 20%)
Based-Case Scenario; - The share price will consolidate in a range of between £1.90 to £2.30 per share in the next 12 months. (Probability outcome: 40%)
Worst-Case Scenario; - Shares could fall back to £1.50 or below in the next 12 months. (Probability outcome: 40%)

[robow] 20/4/2017 09:21

Yes indeed and what a quiet bulletin board

[thorpematt] 20/4/2017 09:03

All rather positive stuff from today's TS

[tudes100] 22/2/2017 02:48

Malcolm Diamond interview on day of trading update
www.brrmedia.co.uk/broadcasts/58a59b1fa4affcc111043b5b/trifast-trading-update

[jon123] 20/2/2017 19:30

yes sold half of my holdings a few days ago I think its got ahead of itself

[healthtech] 20/2/2017 16:34

Seems like profit taking after a very strong run.

[djbilywiz] 20/2/2017 14:21

And possibly a large director sell, although only about a third of his holding.

[djbilywiz] 20/2/2017 14:19

Could be the perception of growth tailing off in the near future?

[wins73] 20/2/2017 13:57

Why all the selling and price drop?

[broadwood] 16/2/2017 16:58

A little bit of profit taking after a storming run, Very temporary I'd guess.

Trifast issued an unaudited trading update for the third quarter on Thursday, saying that on a constant currency basis, the company experienced a continuing strong performance across its main geographies.
The London-listed firm said its Asia business returned to growth as it began to benefit from the anticipated recovery in demand during H2, both in the domestic and export markets, whilst the UK and USA operations were continuing to produce results in line with management expectations.

Within Europe, the business overall performed "solidly" and continued to deliver year-on-year growth, although the board said it was seeing a slight change in the product mix.

It also reported an "encouraging" start at its newest greenfield operation based in Barcelona.

"The group's capital investment programme is expected to deliver further opportunities in terms of markets, capabilities and operating efficiencies to support this growth as we move forward," Trifast's board said in a statement.

"The capability for 'self-help' initiatives has served us well in recent years, backed by strong and well proven management teams, giving us confidence that Trifast can sustain its successful track record for long term growth."

As an international business, the board said more than 70% of Trifast's revenue was generated outside of the UK.

In the period under review, the group's overall margin has held up well despite the continued weakness of sterling.

During 2016, sterling was down 15% year-on-year against a basket of currencies relevant to the group's businesses.

At the half-year end the board reported that Trifast had experienced translational FX tailwinds of approximately £1.0m at the underlying profit before tax level.

"Since then, the sustained weakness in sterling has had a further positive translation impact on group revenues and underlying profit.

"In the shorter-term, if sterling weakness persists then we expect this to have an additional positive effect on the group's revenue and profitability, however, in the longer term we may also start to experience some challenges within our UK business in terms of input costs as a result."

Trifast said the current financial year remained a positive one for the business and, given group trading in Q3 and the further FX tailwinds, the board now expected the group's performance for the full year to be slightly ahead of its previous expectations.

"Like many businesses, we cannot fully mitigate current global macroeconomic and political factors or any potential impact from Brexit on the UK economy in terms of trading dynamics between the UK and the European single market.

"Nevertheless, the Trifast board remains confident that both our experienced business teams and our wide geographical cover will give us the flexibility and foresight to meet these challenges head on as and when they arise."

[broadwood] 16/2/2017 07:36

Solid.

The current financial year remains a positive one for the Trifast business and, given Group trading in Q3 and the further FX tailwinds, the Board now expects the Group's performance for the full year to be slightly ahead of its previous expectations.

Like many businesses, we cannot fully mitigate current global macroeconomic and political factors or any potential impact from BREXIT on the UK economy in terms of trading dynamics between the UK and the European Single Market. Nevertheless, the Trifast Board remains confident that both our experienced business teams and our wide geographical cover will give us the flexibility and foresight to meet these challenges head on as and when they arise.

In summary, Trifast's balance sheet remains robust and, as a Group, we are optimistic in terms of our future underlying growth performance, capital investment objectives

[eggbaconandbubble] 14/2/2017 07:58

wins - reason for 'big sells' Liontrust topping up?

[djbilywiz] 09/2/2017 18:54

Trading update next week on the 16th.

[wins73] 09/2/2017 18:01

Quite a lot of big sells went through yet price moved up???

[thorpematt] 02/2/2017 21:31

Perhaps, but 2.7% spread is fairly mediocre on a stock with a £250m Market Cap.

only 8 trades today so MMs have to make a bit I suppose.

I have to say I generally hate buying anything truly illiquid but even I set the stock screener at 500bps (5%) as a rule.

Ultimatly we could buy shares in CLLN if we want tight spreads, but I much prefer your chances here even if at the end you give the MMs 3% back!

[petersinthemarket] 02/2/2017 13:19

The spread on this is a disgrace - advfn quote above states 205/211

[thorpematt] 17/1/2017 19:51

Don't tell anyone but:


Chart looking very strong.


Keep it to yourselfs though. Don't want the thread getting too noisy.

[thorpematt] 09/1/2017 17:30

Indeed and still remarkably quiet on the thread which is generally a good sign!

[broadwood] 09/1/2017 16:39

Stepping up to the stars.

Must be on someone's tip list.

[boadicea] 29/12/2016 17:23

owenga - Given that Christmas lasts 12 days - Yes!
... but will it hold?

[owenga] 19/12/2016 14:24

Will it hit 200p by Christmas?