Trifast Share Discussion Threads

[gargoyle2] 31/7/2013 00:03

Encouraging to see some big buys going through in the last hour or so today. One 500k buy, one 400k buy.

[boadicea] 30/7/2013 15:25

Becky - Try setting your monitor page to display mid-price rather than the latest AT or UT trade. This will eliminate the effects of quirky closing auctions.

[becky8] 30/7/2013 09:30

bt time simon Thompson updated as they are now back to his starting price.

[gleach23] 30/7/2013 08:11

IMS was early Aug last year...looks like another pre-news drift lower going on. Will be tempted into a top up soon.

[becky8] 19/7/2013 16:58

god knows how these closing prices are calculated.300k of buys and 1300 sale and two down.unbelieveable.

[blondeamon] 02/7/2013 16:44

Wait for it to come back, it's stuck at these prices.

[electronica] 02/7/2013 14:31

Very positive review of Trifast in latest Edison Research report ............

hxxp://www.edisoninvestmentresearch.com/researchreports/trifast020713outlook.pdf

[alan@bj] 29/6/2013 11:40

I think IC updated last week, but I was on holiday in Italy. I'll check........

And here it is - although Simon Thompson might well update again on Monday:-

"Home > Shares > News & analysis
Trifast generates tasty returns
Trifast (TRI) turned 40 this month, and the maker of industrial fasteners has celebrated with its biggest profit in five years. Relentless cost-cutting has boosted margins and the acquisition of Malaysia's Power Steel fed the top line. Double-digit earnings growth is likely this year, too, given self-help potential and the quality of business being won.

It was the 160 basis-point increase in operating margin to 6.6 per cent, rather than modest revenue growth, which generated the 45 per cent surge in underlying pre-tax profit to £7.3m. Shedding unwanted warehousing, making fewer deliveries and lots of small savings, mainly in its UK heartland, made the difference. Revenue here was flat, but underlying operating profit grew 51 per cent to £4.1m and, in Europe, an 8 per cent rise in sales doubled profit to £1.1m. Trifast replaced legacy contracts with higher-margin business. Supplying car seat makers, Lear and JCI, and American dashboard manufacturer, IAC, is relatively secure work and highly profitable. Yes, a couple of big contracts went to Chinese rivals, but Trifast has only scratched the surface of Asia's automotive market and has plenty to go for. Most of the 25 per cent jump in revenue there was down to Power Steel.

Broker N+1 Singer expects adjusted pre-tax profit of £8.1m in 2014, giving adjusted EPS of 5.3p (from 4.7p in 2012).

IC VIEW:
Trifast's management team is in a confident mood, with more savings and fatter profits tipped to drive further growth this year. The shares, however, trade on just 11 times forecast earnings, a significant discount to peers. Buy."

[blondeamon] 28/6/2013 13:05

robert, I think we should see an update on Monday yes. he usually does the updates on the monday column and new tips randomly.

Hopefully we'll see 61 again soon

[morph7] 27/6/2013 08:18

Agree Gargoyle. Excellent results. Another happy holder here.

[manrobert] 27/6/2013 07:49

am sure simon thompson will update on the results which were in line with his forecast.

[gargoyle2] 27/6/2013 01:48

What are people expecting here in terms of share price? The results were excellent, but the price is still on a historic PE of over 12 and a forward PE of 11.4 (assuming the N+1 EPS forecsast is accurate). I wouldn't say that's particularly cheap. Having said that, I'm betting that the 5.1 EPS forecast will get revised upwards before too long. I'm a happy holder here BTW.

[blondeamon] 26/6/2013 21:40

Ok this is getting hopeless....such good results and hasn't moved a bit! I'm fearing for a drop, then I'll get real mad.

One would be reasonable to think of of bailing out till they see how this goes.

[gargoyle2] 26/6/2013 14:53

Edison usually publish a report as well, but haven't seen anything.

[manrobert] 26/6/2013 11:36

thanks did see that one on line.very quiet trading so far.

[cellars] 26/6/2013 11:17

Investors Chronicle rate the shares a buy on the back of broker N+1 singer forecast 5.1p EPS for FY-14

[manrobert] 26/6/2013 08:15

any good write ups in papers?

[blondeamon] 25/6/2013 17:02

Sorry I meant the site is blocked for some reason.

P.S It ended slightly up at the end!

[alan@bj] 25/6/2013 16:25

Blondeamon - try substituting http for hxxp
Pity the share price is going to finish in the red, but very happy with the results and will continue to hold.

[blondeamon] 25/6/2013 11:42

Can't see this on my pc, can you give a brief summary?

[morigam] 25/6/2013 11:23

found something on FT that explains a bit about how they made those increases happen:

hxxp://www.brrmedia.com/event/112672/partner/ft

[blondeamon] 25/6/2013 10:29

Barely moved today though, why's that?

[electronica] 25/6/2013 08:51

Thorpematt

A screw loose perhaps (see what I did there)!

Anyway, TRI growth looks bolted on.

[thorpematt] 25/6/2013 08:46

You can't always get what you want...




...but if you Trifast...you get what you need.


(see what I did there?)

[gswredland] 25/6/2013 08:26

Excellent!