Trifast Share Discussion Threads

[pj 1] 12/12/2013 08:47

There is constant movement on both the bid and offer as LSE (I assume DMA?) keeps altering on L2,yet trades never reported to match these 'moves'. Its the only stock that does it that hold or watch

Any ideas?

[becky8] 22/11/2013 16:49

simons new target is 100p not 120p.

[becky8] 22/11/2013 16:49

simons new target is 100p not 120p.

[el1te] 22/11/2013 09:58

Will look for a pullback here PJ, but genuinely don't expect one to materialise. Train left the station a long time ago on this one.

[pj 1] 22/11/2013 09:15

Slight change in L2 today in favour of the Bid,

[pj 1] 22/11/2013 08:14

Good luck Elite...!!!

[el1te] 21/11/2013 22:52

Trifast - Higher Valuation Secured

New write-up on Trifast available below. Feel free to sign up to free email updates via the right hand sidebar and leave comments on the article



Good Luck with your investments

El1te

[robinnicolson] 18/11/2013 18:58

The latest Edison research report on Trifast is available as a free download from their website (note: registration required).

hxxp://www.edisoninvestmentresearch.com

[protean] 18/11/2013 12:17

blondeamon - why did you change your post to a single dot from:

blondeamon
18 Nov'13 - 12:03 - 1996 of 1996 0 0

Just tipped by Simon again, target price of 120p!

----

You appear to do this on a regular basis after each ST tip.

Confusing.

[pj 1] 18/11/2013 10:05

Edison raises targets


Year
end Revenue
(£m) PBT
(£m) EPS
(p) DPS
(p) P/E
(x) Yield
(%)
03/12 112.5 5.00 3.76 0.50 22.3 0.6
03/13 121.5 7.25 4.73 0.80 17.7 1.0
03/14e 127.0 8.50 5.41 1.20 15.5 1.4
03/15e 133.0 9.10 5.78 1.40 14.5 1.7

[richtea1701] 16/11/2013 06:36

This still got room for a bit more - 100 by Boxing Day with a decent market tail wind.

[0rb1t] 14/11/2013 08:24

Westhouse upgraded to 125p yesterday.

[grindertrader] 13/11/2013 10:07

A very good luck to you Gargoyle2

[gargoyle2] 13/11/2013 02:00

Gradually sold out my holding here over the last week or so. I know you shouldn't get attached to shares, but it was sad seeing the last one go. I could probably have gotten a few extra pence had I held on till yesterday, but have made good profits nevertheless. Sold out partly because it's now up with events, in my view, but also partly an eye on the long term charts, the price having struggled to get through the 85/90p range in 2007 and 2004. The last time the price was much higher than this was in the dot com boom.

Bets of luck to all continuing holders. Cracking management team here, imo. They already retired once before though, so I hope they stick around, now that they have 'righted the ship'.

[kjen] 12/11/2013 16:12

Grindertrader,

Thanks – you're probably right, tho he does cover a lot of companies, and as an accountant sees much more than I do. He's cautious (no bad thing) - but for that reason I thought he'd be more interested in the developments in Trifast.
I agree with you that the introduction of the interim div is a v good sign - the amount isn't so important (but actually 0.4p taken with the Jul div of 0.8p isn't at all bad)

(btw just noticed that Steve posted the link to the same results video before me - sorry that I posted the same link. I like the overview that the video gives)

[grindertrader] 12/11/2013 13:16

KJen,

I think half the time he glances over the reports too quickly

[kjen] 12/11/2013 12:10

Trifast issued a video along with results -



I know Paul Scott finds it boring, but really I don't understand why!

[grindertrader] 12/11/2013 11:40

Thanks Richtea

Paul Scotts review on Trifast today.

Let's look at the interim results from Trifast (LON:TRI) next. Trifast is an industrial fastenings group (manufacturer & distributor). They presented at a Mello Central investor evening some time ago, and I was left underwhelmed - mainly because it seemed such a boring, low margin industry, that it was difficult to see anything much happening.

I was wrong on that though, as actually Trifast has performed pretty well, with interim EPS rising to 3.06p today (2.9p diluted). So assuming no particular seasonality, then that means a run rate of about 6p EPS. Broker consensus is for 5.22p this year, so they appear to be out-performing against forecasts.

The shares have risen nicely this year, and are now 84p, so I make that a PER of 14, which looks about right if that level of performance is set to continue or improve further. An interim dividend has been re-introduced, but it's only 0.4p. The outlook statement sounds upbeat. They also have a good strong Balance Sheet.

Overall, the company has done well, but it's difficult to see much upside from a PER of 14 for a business in such a highly competitive sector.

- See more at:

[richtea1701] 12/11/2013 10:58

Nice post Grinder

[grindertrader] 12/11/2013 10:56

I have just gone through the results and very satisfying and as expected for forecasted year end. Profit before tax reported at 4.33m, then we are on target to be over the expected 8m. Which is just under 12 times to market cap. this may start to become a little high but with Net debt reduced further now to 3.5m, (very low net gearing under 10%) I expect the company to remain stable, and I see more sales engineers will be employed to try and boost further the revenue.

A nice confidence from the company to re-introduce interim dividends too.

i also note that diluted earnings per share is just covering cash flow per share, so all in all cash inflows as far as I can see is covering the expenses.

All in all a good company of the fledgling markets. We just need Directors to increase further their holdings!
Nice to see the broker upgrades to a buy today

if anyone notices any mistakes or queries in my research then I am happy to receive positive criticism

I am bought in and will remain a hold. Currently the RSI on the daily is showing over sold, so I will be watching this price with care. but a good results and a good day.

[steve243] 12/11/2013 10:03

This is a great stock with good management team, you just have to watch the latest Trifast results video - hxxp://goo.gl/wh7JYg

[v11slr] 12/11/2013 09:22

Finncap have upped TRI to 91p now.

[alan@bj] 12/11/2013 09:12

But perhaps I got a bit carried away there......

[alan@bj] 12/11/2013 08:35

I think 89p might prove a bit conservative.