Trifast Share Discussion Threads

[wins73] 15/5/2018 08:23

I won't top up till I know cause of drop, is it some bad news?

[richtea2517] 15/5/2018 08:11

Is it top up time

[wins73] 15/5/2018 08:10

Why all the sells and big drop in price?

[broadwood] 19/4/2018 16:36

Nice steady finish to results day.

[broadwood] 19/4/2018 11:58

Trifast, a specialist in the engineering, manufacturing and distribution of industrial fastenings, says it will deliver trading results for the financial year ended 31 March 2018 slightly ahead of management expectations.

The company's European operations benefited from a stronger second half of underlying CER organic growth, most specifically in the automotive sector with double digit growth across both the Dutch and Swedish operations.

On the domestic appliances side there has been a return to more normal trading levels over the year following abnormally high sales volumes as Trifast supported a significant global product recall programme for one of itskey accounts.

Following a stronger second half, the UK also experienced robust year on year organic growth, reflecting an approach aimed at growing both core multinational OEM customers and European distributor sales.

In Asia, there was solid year on year CER growth particularly across key domestic appliances and automotive sectors. However, the strong double digit growth experienced in the first half of the financial year was not sustained into the second half, largely due to the ongoing reduction in demand at one of the region's key automotive customers.

Within the North American presence, the TR operation is recovering well following the impact of Hurricane Harvey last year with strong year on year CER growth being driven from new automotive wins in the region.

[broadwood] 19/4/2018 07:09

Satisfactory statement this morning. Slightly ahead of expectations.

[broadwood] 09/4/2018 16:23

Held these since way back.

Turned into a money spinner .No reason to sell unless the story changes which looks unlikely just now.

[merrimac] 05/4/2018 16:24

I recheck the value every few months and can't justify selling. Purchased more several months ago when they dropped back to 2.00...have held for quite some time now and will continue to do so if their metrics stay on track.

[boadicea] 05/4/2018 15:02

I sold my holding here when it reached my target price (around 245p) but am now wondering if I did the right thing. The latest acquisition looks like quality stuff and should enable market penetration to progress a step further.
I probably won't re-enter at this price but keep on my watch list for any temporary set-back, many of which turn out to be merely an aberration caused by a large seller for reasons not connected to the company's performance or prospects.
Meanwhile, if still in it, I would be very happy to hold and wish continued success for those that remain.

[thorpematt] 15/2/2018 10:02

Yes solid not oustanding...which is of course how a quality fixing ought to be in most circumstances.

[broadwood] 15/2/2018 09:05

Trifast, which produces industrial fastenings to major global assembly industries, said it is confident that it will deliver its expectations for the year ending 31 March 2018.

The company said its balance sheet remains strong and its US operation continues to recover following the impact of Hurricane Harvey.

"The consistent levels of progress over recent years, coupled with our future growth and significant investment plans future proof the business and ensure TR can meet the demands of its multinational OEM customers therein turn, building long term shareholder value," it said.

Trifast's expansion of its Singapore facilities is on track, with phase one expected to complete by the financial year end.

The company is evaluating several acquisition opportunities, which it said would further enhance its vendor sourcing, technical portfolio and engineering skills, expand its global footprint, or add value to its sector specialisms.

It added: "There are, of course, some macroeconomic factors we cannot fully mitigate including the wider potential implications of Brexit on our business and the UK economy. However, as we have said previously, the Trifast Group has the flexibility and foresight to continue to grow while facing any challenges head on as and when they arise."

[corlis] 14/2/2018 21:32

Now 251 yes looking very good

[camerongd53] 14/11/2017 20:09

I also am happy with the figures - solid rather than outstanding

The share price had risen quite steeply recently and I don't know that the shares are now outstandingly cheap. What does concern me is that about half of the growth in eps was due to a one off historical liability being favourably resolved and I would suspect not to be repeated.

I believe the company is well run and should be a good long term investment. The current PE rating assumes quite a high growth rate in eps, which could be more than the company can achieve.

I originally bought at 40p and have done well. I sold (wrongly) a quarter of my holding at 205p about a year ago. I am tempted to take more of my profits now but having made a mistake before am worried about repeating this mistake with a good investment.

It is relatively easy to pick a good share with good upward potential - it is harder to know when is the right time to sell.

I also have a holding in Flowtech Fluidpower where Malcolm Diamond is chairman as well. I suspect being a less mature company that it has better growth prospects.

[skirbell] 14/11/2017 13:27

No, they're good figures and marginally ahead of where they should be to meet full year forecasts of 12.8p eps. The question is, are the results far enough ahead to warrant a significant upgrade in these forecasts? Perhaps 13.5p eps if you build some caution into the upgrade with a 265 to 270p target price...

On the cautionary side, currency accounted for around half of the revenue growth, and so could always turn the other way. Net debt also grew which, while some of this was down to capex, might have caused some to be concerned.

All in all though, I thought these were solid when compared against the expectations.

[eggbaconandbubble] 14/11/2017 11:14

I thought those figures were pretty good! Am I missing something?

[broadwood] 08/11/2017 12:31

Half-year results
14 November 2017

[boadicea] 25/9/2017 10:46

Good update and the market likes it.
The most interesting feature was the disclosure that they have walked away from potential purchases, which shows judgement and confidence imo. (Why pay to buy them if you can beat them?)

[thorpematt] 04/9/2017 22:35

I think the quality is too high for a complete upturned bowl to occur so I'd read it more a a sideways consolidaation.

That said I took profits a little while ago because either way, I perceived that I could deploy capital elsewhere for higher returns.

FWIW an all that.

[pj 1] 04/9/2017 11:47

tough one to call. Consolidating or rolling over?

[paulc100] 24/8/2017 13:48

OK, the Trifast share price has stagnated now since January.......time to take profits and move on? Their dividends are not worth keeping the stock for with no value growth.

[broadwood] 27/7/2017 14:38

'Continues to perform well and in accordance with management expectations'.

Strategic acquisitions on the horizon.

[petersinthemarket] 27/7/2017 11:57

Trifast agm today at high noon!

[thorpematt] 13/6/2017 09:58

Well those results were a pleasure to read. Some insightful commnetary from Mr Diamond

The business looks well positioned for international growth IMO. There is always noise made about a lack of barriers to entry here but in reality a supply and sales chain of this complexity and size is not easy to build.

Growth % tend to be hard to predict in my experience, but invariably TRI seem to pretty consistently deliver it. So it's with confidence rather than scepticism that I would see this as a little undervalued still. There are many companies listed with poor prospects for growth on higher PERs.

[broadwood] 13/6/2017 08:43

- finnCap today reaffirms its buy investment rating on Trifast PLC [LON:TRI] and raised its price target to 254p (from 240p).