Trifast Share Discussion Threads

[choppa] 07/11/2012 08:59

Are we near the bottom ahead of results? Alot of engineers struggling Severield-Rowen profits warning yesterday etc.

[interceptor2] 05/11/2012 08:38

Should prove good timing with the interim results due next Tuesday 13th, they shouldn't disappoint looking at sentiments expressed in statements this year. I think management here are historically conservative, and like to under promise and over deliver imv.

ic2...

[foxman14] 05/11/2012 08:16

Engineers are suffering at the moment but I purchased some Fenner last week as they were bullish in their last statement and are due to announce finals this week. Decided to take the plunge here this morning.

[gargoyle2] 03/11/2012 02:39

Here's what Schwartz said. I'm long here, so obviously agree with him wholeheartedly. The last statement was very bullish and i really like the management here.
---------

Turning to my own trading efforts, I notice that jittery investors are punishing companies who warn about challenging trading conditions, even if their current profits are strong. Optimism about the future is often rewarded.

This trend just led me to top up my holdings in Trifast, the industrial fastening supplier. It reports half-year results on Tuesday, November 13.

Trifast is bullish about its future prospects. Its recent interim management update spoke of revenues running ahead of budget. A new acquisition is bedding in well and new orders are flowing. The City's consensus profit forecast for the current financial year was recently bumped up from a 40 per cent gain to 50 per cent.

But most interesting of all to me is the new management's philosophy of under-promising and over-delivering. Pulling it all together I think there is a good chance that investors will be treated to strong half-year results. I elected to jump into these shares a bit early to profit from the expected bounce.

[gleach23] 02/11/2012 22:29

David Schwartz has topped up his holding this weekend in the FT. We can probably expect a tick up on Monday morning but his recent record isn't much to shout about imo.

[choppa] 02/11/2012 16:01

Engineers suffering in general imho. Look at MRX or TCN today losing vital customers (RR. no renewing contract) which is impacting the bottom line. The cycle us really hurting them at the mo.

[masurenguy] 02/11/2012 11:41

They have reduced their stake by only 8%, disposing of 275,000 @45.1p valued at circa £124K. Their residual holding of 3.13m is still worth circa £1.3m so it is hardly a significant disposal. Funds often add
or reduce holdings by 5% - 15% from time to time as part of their portfolio rebalancing, so I wouldn't consider this to be of any real consequence.

[foxman14] 02/11/2012 10:07

Interesting development this morning. I was looking to buy in prior to interims on 13th Nov. Now is this someone in the know (i.e bad news coming)or just in the final throes of an offload (in which case we should see a quick bounce back up). Any views out there?

[lupins2] 18/10/2012 23:00

Bougt these ages ago,saw an article in the FT at least 6 months ago, bought at 47p waited ages, watched them drop to 41p then surprise surprise---- Had a 30 quid divi today and saw the price rise on the tip in Shares magazine. Happy dayz.

[mechanical trader] 18/10/2012 17:35

IC2 Im in here. you havent been
influenced by cokeney have you?.

Its your own gut feeling?.

[interceptor2] 18/10/2012 17:32

It most have been a very positive article, a large amount of small investors buying today with 300k buys vs 20k sell. Average volume is 55k.

ic2...

[retiringtype] 18/10/2012 16:37

Does anyone know what Shares magazine has to say about TRI?

[phar lap] 18/10/2012 16:10

Have these been tipped somewhere, a lot of buys since 15:20

[electronica] 18/10/2012 15:51

Nice tick up today.

I'm expecting continuing strength into the interims on 13th November. Automotive (UK esp), marine & Far East manufacturing will all be going "better than expected".

[interceptor2] 11/10/2012 07:41

Pleased with the inline statement today and look forward to the interims 13th November. TRI are good value on a per of 9.4 for 2013 and only 8.2 for 2014.

ic2...

[gargoyle2] 04/10/2012 16:10

Anyone know why we've dropped today?

[davemac3] 21/9/2012 08:21

Thanks ic2

[cockneyrebel] 21/9/2012 07:43

Dheers interceptor - forgot it was due until I saw the AGM voting notice yesterday.

CR

[gargoyle2] 21/9/2012 00:39

Thanks for the update, ic2.

[interceptor2] 20/9/2012 18:56

I did phone the company this afternoon enquiring about the lack of a statement with the AGM. The very helpful secretary contacted the chairman and called me back.

Basically there was nothing different to add to the IMS statement in August, which I took as a positive due to bullish statement then. I did point out that in the IMS statement it was indicated that an update would be made at todays AGM. So it looks like an oversight imo.

Because she said that TRI would be releasing a pre close trading update after the 30th September, could be the first week or more likely the second week of October.

A few questions and announcements at the AGM below.

Question to why just a placing in November for the acquisition of PSEP, and not a right issue or open offer.

The reply was that they needed to act quickly, to raise the money to pay Malaysian holders to secure the acquisition. So a placing seemed the fasted route.

A scheme to attract more university graduates to Trifast was announced.

And Trifast are increasing Apprenticeships from the current 4 places to 6 places.

I'm sure there was much more discussed, but this is just from one telephone call, and is my take on the conversation, so I might have interpreted some of the conversation slightly differently from the exact wording.

ic2...

[davemac3] 20/9/2012 18:18

bit disappointed no update on progress, did anybody go to the agm? normally if there is something good to say they shout about it. Will e-mail them tomorrow if nothing turns up.

[davemac3] 20/9/2012 15:06

what happened to the update

The Directors regard this as the core foundation to this, their second three-year strategic growth plan, and look forward to updating shareholders on progress at the AGM on 20 September, 2012 and throughout the year.

[interceptor2] 20/9/2012 13:55

But on the other hand they said this in the August update.

"look forward to updating shareholders on progress at the AGM on 20 September, 2012 and throughout the year. "

So we should see a update.

ic2...

[interceptor2] 20/9/2012 13:52

Well last year it was released at 09:45, year before at 07:00 a day before the AGM, and no update in 2009.

Maybe is the situation is the same as of the August IMS, then we may not see one.

ic2...