Trifast Share Discussion Threads

[broadwood] 03/7/2014 15:03

I can't hold her Cap'n.

[p777uly] 20/6/2014 15:44

Good long term company, but it's not cheap anymore. I think there'll be a gradual dip over the summer before another climb and these represent good exit and entry point to me. I've sold up, but watching closely.

[rcturner2] 20/6/2014 08:55

Guys, I have sold today. I only bought in April at 88p, so very happy with a 50% gain in that time frame. The Edison note is very interesting, worth a detailed read.

[robinnicolson] 18/6/2014 15:30

Simon Thompson in the Investors Chronicle continues to recommend Trifast. He thinks Arden are being too conservative in their forecasts for FY2015 and 2016.

[cockerhoop] 18/6/2014 13:28

Some new Edison research

[exbroker] 18/6/2014 10:23

The figs are indeed good but after the run and given the premium attached to forthcoming Index entry I will be a seller to the trackers, good company nice ride but not cheap anymore.

[lozler] 17/6/2014 15:01

A lot of demand for the stock, 150p here we come :)

[mg1982] 17/6/2014 11:00

Institutions will start buying as soon as they are able to and as Diamond has mentioned in the interview they are determined to increase the dividend as time progresses. This is the kind of company you hold for long term.

This now has a good support for the share price and as I mentioned before 150 is a short term target.

Enjoyed reading that RNS!

Good luck all

[steeplejack] 17/6/2014 10:54

Good post MG1982.I agree the rating looks pretty much up with events but I wouldn't be surprise to see the price climb to 150p.Entry into small company index,buying in thin market.As stressed in today's interview,this is a small company in a very big pool of opportunity.Actually,I like the fact that it's a "nuts and bolts "company.this might not be a product that boasts barriers to entry but there's enormous potential.Bought a few more this morning.As an investment it ticks a lot of boxes.....one being,it's NOT an AIM stock!

[mg1982] 17/6/2014 10:37

Paul Scott has written a write up this morning analysing the results. A good positive read: Results for the year ended 31 Mar 2014 have been issued this morning, and are very good. Underlying profit before tax is up 26%. Adjusted basic EPS is also up 26% to 5.95p.

I like this company, but the problem is the valuation, which is now getting pretty stretched. At 129p they are now on a PER of 21.7 times - a heady rating for a humble maker of industrial fastenings!

Part of the reason for the high rating is that the company recently announced what seems to be an excellent acquisition of a high margin Italian maker of fastenings. That acquisition is being funded by a new bank debt facility - I crunched the numbers in my report here on 7 May 2014.

So this company is now in a sweet spot where its equity is on a high PER, and it can therefore make earnings enhancing acquisitions of private companies on a cheaper rating, funded by debt, and thus create a virtuous circle of earnings upgrades fuelled by acquisitions and organic growth.

Including the Italian acquisition this year, I reckon Trifast could be heading for 8-9p EPS, whereas broker forecasts only seem to be currently at 7.4p. Therefore I suspect there could be more profit upgrades in the pipeline later this year. Although the share price is arguably already factored that in. This would tie in with the company's track record of regular upgrades - which is what you want - i.e. a company that under-promises & over-delivers.

It also has a very high - StockRank of 96, which is reassuring.

On balance I think the share price is probably about right at the moment, so it's not something I would chase up in price at this valuation, and a move upwards this strong in the last two years. After all, it is only a fastenings company, so one would imagine there is limited scope for further organic growth in both sales and margins, as they must be up against thousands of competitor companies globally.

- See more at: hxxp://www.-.com/content/small-cap-value-report-17-jun-2014-fdm-srt-tri-84075/#sthash.QpWafWOA.dpuf

[broadwood] 17/6/2014 10:35

Encouraged by full-year trading
- Trading boosted by economic confidence and manufacturing output
- New financial year starts on strong footing

Mechanical fasteners maker Trifast said it performed strongly in the last year and has started the new financial year on a similar trend.

The Birmingham-based firm said pre-tax profit rose to £8.87m for the year ended March 31st from £6.44m a year earlier. Group revenue for the period rose 7% to £129.78m, while basic earnings per share jumped 38%.

"The directors are pleased to report that the business is continuing to benefit from the uplift in economic confidence and manufacturing output, this is being seen across a number of our key sectors and across our business units," it said in a company statement.

Trifast said underlying organic growth has been encouraging and this has been bolstered by the introduction of Viterie Italia Centrale.

"Management remains confident that we can continue to deliver another strong performance and we look forward to keeping all stakeholders updated with our progress."


CJ

[steeplejack] 17/6/2014 10:09

Given the rating,concerns over sterling strength might hold the share price back in the short term.Stocks like GKN etc have seen a bit of weakness lately.
I like this company.Best of British.Niche operation with enormous scope for growth.Very good long term investment in my book.Broker share price target upgrades this morning.One looking for 185p

[grindertrader] 17/6/2014 09:27

Promotion to the FTSE-Small Cap 23 June.
PE Around 20x using Diluted EPS falling to around 18 looking ahead.
Strong Balance Sheet, no gearing and Net Cash
Free Cash Flow well ahead of EPS Diluted

Congratulations TRIFAST holders

[sammy_smith] 17/6/2014 09:07

Listen: Trifast (TRI) - Preliminary results

Click the link below to listen

[rcturner2] 17/6/2014 07:15

I think 150p is a reasonable target after those results.

[lozler] 17/6/2014 01:29

Another breakout on the cards with the good results in the morning I reckon. Also, looking forward to the FTSE small cap entry on the 20th of June as previously mentioned.

[exbroker] 10/6/2014 11:54

The index changes becomes effective at the closing auction on June 20, so after the figures, the trackers have a lot of these to buy,volume in the auction alone could be 2 million. This depends on how many they buy in the days before.I hold having paid 92 and am not a seller yet.

[mg1982] 07/6/2014 00:54

Good news: TRIFAST has joined the FTSE smallcap and that's probably why the share price has been strong. Institutions will be buying now and according to the long term chart next stop is around 150.

[rcturner2] 06/6/2014 13:01

17th June

There is an RNS above with a clue in the name!

[phat hair] 06/6/2014 12:57

When are the results, please anyone?

[rcturner2] 06/6/2014 10:59

I think we are heading for some very good results here.

[rcturner2] 03/6/2014 20:51

Well it is fair that some might sell at this point having made good profits and followed the entry and exit prices, however this close to the final results it could be a serious mistake to sell at this point. Trifast appears to be on the upgrade and these sort of shares are hard to find. I wont sell before results.

[mark_jm] 03/6/2014 20:19

if this is true to recent form, there will probably be a pull back in next few days. Its very close to IC's ST target price now of 125, another article from him and it may push on past that. wonder when he will call the top

[rcturner2] 03/6/2014 15:28

Still going great guns here, a couple of weeks until results.