Trifast Share Discussion Threads

[davr0s] 21/10/2019 18:55

What time frame ? And all these price action terms only really apply once confirmed

[hatfullofsky] 21/10/2019 16:45

Great company, will come back strongly

[brucie5] 21/10/2019 13:41

Davros, what do you see at 1.60?

[davr0s] 21/10/2019 13:16

Sorry but nothing like a double bottom

[brucie5] 21/10/2019 11:03

Look to be the double bottom. I reckon there will be some useful gains to be had from today's oversell. For the brave. But wdik.

[merrimac] 21/10/2019 10:47

NAV = 95p
NTA = 60p

My views are currently fixed!

[philanderer] 21/10/2019 09:43

PEEL HUNT CUTS TRIFAST PRICE TARGET TO 270 (300) PENCE - 'BUY'

[brucie5] 21/10/2019 08:59

Big gap down. Might have much further to fall; on the other hand, it might just be a double bottom to match January's. A solid company, I would have thought.

[johnsoho] 21/10/2019 08:50

Cut and paste from today’s trading update:
Our cross-functional Brexit team which has been in place for the last three years has completed its contingency planning. We currently consider that both the operational and financial impact of any Brexit scenario will be manageable in the short-term. Although longer term implications for the wider UK economy are less easy to predict.

SUMMARY

Despite the short-term end market weaknesses and macroeconomic uncertainty, the strong long-term fundamentals of our business model and strategy remain unchanged.

Trifast is a global business serving a broad and balanced range of sectors and geographies, generating c.70% of revenues and profits outside of the UK and with no one customer representing greater than 7% of revenue. We are a full service provider to our multinational customers, delivering reliable product engineering, quality and supply, via flexible global logistics solutions. In the long term, it is these core skills that will continue to allow us to increase market share across a wide customer base, and put us in a good position to keep moving forward and delivering on our future aspirations.

With the long-term fundamentals of the business intact, the Board remains committed to its ongoing investment driven growth strategy and is optimistic for the long-term future.

The Directors look forward to providing the next update at the time of the Group's Half-year results in November 2019.

[johnsoho] 21/10/2019 08:45

From today’s trading update:
Our cross-functional Brexit team which has been in place for the last three years has completed its contingency planning. We currently consider that both the operational and financial impact of any Brexit scenario will be manageable in the short-term. Although longer term implications for the wider UK economy are less easy to predict.

SUMMARY

Despite the short-term end market weaknesses and macroeconomic uncertainty, the strong long-term fundamentals of our business model and strategy remain unchanged.

Trifast is a global business serving a broad and balanced range of sectors and geographies, generating c.70% of revenues and profits outside of the UK and with no one customer representing greater than 7% of revenue. We are a full service provider to our multinational customers, delivering reliable product engineering, quality and supply, via flexible global logistics solutions. In the long term, it is these core skills that will continue to allow us to increase market share across a wide customer base, and put us in a good position to keep moving forward and delivering on our future aspirations.

With the long-term fundamentals of the business intact, the Board remains committed to its ongoing investment driven growth strategy and is optimistic for the long-term future.

The Directors look forward to providing the next update at the time of the Group's Half-year results in November 2019.

[robow] 25/7/2019 19:02

Shore Capital raise their recommendation from hold to buy

[merrimac] 11/7/2019 20:03

I thought someone had been increasing their holdings....that is a positive! C5% up to c10%...

[robow] 21/6/2019 12:27

Richard Beddard has written a full page on TRI in this week's Moneyweek.
Delve into Trifast's nuts and bolts.
This British supplier of fastener's has tightened up its act over the past decade

[camerongd53] 18/6/2019 19:26

GDP has been good to me over the past few years having bought them @ 40p
I still think it is a well run company
I tend to agree with the Inv Chronicle that growth in eps, Sp etc will not be repeated over the next few years and rate TRI as a HOld. Could be a solid slow growth company with large non-uk exposure. I suspect that the 12 month high of 273p will not be seen again for several years

[merrimac] 11/6/2019 08:24

I didn't read anything too alarming in the review but nothing startling either. I expect the share price 'should' really stay where it is at a Pe of around 15-17. I like the future opportunity in EV but I do see this company as a plodder. No doubt there will be a bit of a drop but I hope the price will settle at a fair level.

[hiraniha] 18/4/2019 08:49

Trading update was pleasant enough.

Now to see the shares climb and hover at a more realistic level.

[merrimac] 18/4/2019 08:33

Underperfomed, you are not wrong...was hard to hold when it makes up 15% of folio! Will sell down some soon as I am too overweight in it for my balance...but they are a great company - hence my conviction hold so far....bought a few years ago and have accumulated on weaknesses.

[broadwood] 18/4/2019 08:28

Underperformed over an eighteen month period. Now we should see some more catch up.

[merrimac] 18/4/2019 08:04

From FinnCap..."An encouraging year-end update, with profits slightly ahead of expectations, although signalling that the trading environment has become more challenging. Revenue growth has been achieved across all regions. New banking facilities have been announced, providing firepower for future acquisitions. We slightly upgrade 2019 expectations, with a 1.5% EPS increase. Momentum is returning to the shares but they still look attractive at these levels, with 26% upside to our maintained 270p price target"

[merrimac] 18/4/2019 07:39

From FinnCap..."An encouraging year-end update, with profits slightly ahead of expectations, although signalling that the trading environment has become more challenging. Revenue growth has been achieved across all regions. New banking facilities have been announced, providing firepower for future acquisitions. We slightly upgrade 2019 expectations, with a 1.5% EPS increase. Momentum is returning to the shares but they still look attractive at these levels, with 26% upside to our maintained 270p price target"

[57eady eddie] 17/4/2019 18:14

Hoping for a good RNS update tomorrow. Good luck all...

[merrimac] 12/4/2019 08:37

The volume seems small to me and it seems like someone is just taking what they can get. Does anyone have better visibility? Mind you, many holders will have had their funds actually doing something useful for the past couple of months and may just be getting back in hoping that there will be a recovery following the next update (surprised there wasn't much of one on the last update).

[gleach23] 11/4/2019 21:46

Thanks merrimac...great transparency from TRI

[merrimac] 11/4/2019 16:57

The date of April 18 is on their website (financial calendar)...I checked it a day or two ago as the price seemed to be lifting.