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TRI Trifast Plc

71.90
0.00 (0.00%)
Last Updated: 08:00:25
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Trifast Plc LSE:TRI London Ordinary Share GB0008883927 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 71.90 70.00 74.60 - 10,000 08:00:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Manufacturing Industries,nec 244.39M -2.87M -0.0213 -33.76 96.81M
Trifast Plc is listed in the Manufacturing Industries sector of the London Stock Exchange with ticker TRI. The last closing price for Trifast was 71.90p. Over the last year, Trifast shares have traded in a share price range of 62.60p to 95.80p.

Trifast currently has 134,652,239 shares in issue. The market capitalisation of Trifast is £96.81 million. Trifast has a price to earnings ratio (PE ratio) of -33.76.

Trifast Share Discussion Threads

Showing 2251 to 2275 of 2850 messages
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DateSubjectAuthorDiscuss
20/4/2015
06:34
FWIW, on REFS, w.r.t PBT for 2015, the consensus estimate is for a PBT of £13.6 and the highest estimate is £13.7m.
shanklin
20/4/2015
06:12
Agreed, excellent. Upgrades next.



The Board is very pleased to report that, following the trading update on 11 February 2015, the Group has continued to perform well in the final quarter of the financial year ended 31 March 2015. Accordingly, the Board expects the results for the year to be, as a minimum, at the upper end of current market expectations.



The strong performance in the year reflects the results of the operational improvements implemented by management over recent years now delivering growth in both margins and profitability. The forward order book remains solid and the Group's trading performance and commercial progress this year looks set to continue across the business units.



We remain encouraged by the many opportunities we have, both across our key sectors and with new and existing customer partnerships, and by the future growth profile of the business.



The Board will update shareholders further at the time of the preliminary results which will be announced on Tuesday, 16 June 2015.

broadwood
20/4/2015
06:10
excellent news, have been struggling to understand some of the weakness in the share price given the positive news flow
tudes100
20/4/2015
06:07
That's the kind of update we like to see!
alan@bj
20/4/2015
06:07
I think that was worth the wait.
hawaly
16/4/2015
08:42
was expecting it today based on last year
tudes100
16/4/2015
08:24
Pre Closing Update scheduled for middle of April.
hawaly
30/3/2015
14:09
Not tipped by IC for a couple of weeks. I think it's simply bouncing off support and heading back up and hopefully beyond 112p in the short term.
bluerunner
30/3/2015
11:24
Flurry of trades, mostly buys, just after midday. ST tipping again?
gleach23
17/3/2015
13:08
Tipped again on IC today.Recent broker upgrades to target prices of 124-137p highlighted.
bluerunner
16/3/2015
22:25
Shares magazine:"Trifast slide baffles analyst"

A sell-off at industrial fastenings outfit Trifast looks unjustified, according to analysts at N+1 Singer.
The stock, which is the largest holding in Keith Ashworth-Lord’s Buffettology Income (GB00B3QQFJ66) fund, has slipped 14% over the last month from 112p to 96.5p.
‘We struggle to explain this move,’ writes analyst Jo Reedman. ‘The industrial engineering index moved broadly sideways over this period, while distributors such as Acal (ACL), Brammer (BRAM), Electrocomponents (ECM) and Premier Farnell (PFL) have seen their share prices increase by 7-15%.’
‘Meanwhile, commentary from the 2014 UK results season noted positive conditions in Trifast’s end-markets of automotive and consumer electronics.’
Speaking to Shares in February, executive chairman Malcolm Diamond said his main priorities were growing market share, integrating VIC, an Italian business acquired at the end of 2014, and succession planning for when the current management team leave.
‘I have no plans to leave and neither does Jim [Barker, chief executive] but we are lining up potential successors,’ he said.
He added it was particularly important to have replacements on stand-by at Trifast because of the unique culture of the company. He blames some of the company’s earlier struggles on failure to organise management succession effectively.
Reedman at N+1 has a ‘buy’ rating on the stock and a 124p target price. She forecasts earnings per share of 8.2p for the year ending 31 March, up 37% from the year before. EPS is forecast at 8.8p the year after.
Shares highlighted Trifast in August 2014 as a stock with significant earnings momentum.

robinnicolson
16/3/2015
07:37
N+1 Singer Trifast PLC 16/03/2015
Upgrades
Hold Buy
2
124.00 97.25
124

2

broadwood
12/3/2015
16:46
Probably worth reiterating the trading update of only one month ago:-

The Group is developing a strong forward order pipeline reflecting solid growth from both new and existing customers across its key sectors of global automotive, domestic appliances and electronics/telecoms infrastructure (4G). Global OEM customers are by far the largest contributor to revenue. This trend is expected to improve further over the short to medium term as we focus on converting the opportunities to extend our 'preferred supplier' partnership status outside the traditional European OEM plants into numerous sister plants in Asia and the USA. Margin improvement continues to be driven by ongoing operational process efficiencies.

"As previously stated, Trifast continues to investigate and pursue potential acquisitions that would be complementary to the Group's business and meet its strategic objectives. This has been recently exemplified by the successful integration of VIC, acquired in May 2014, and the cross-selling opportunities that are now emerging.

"Overall, despite the macro economic trends and exchange rate effects, the Board remains very encouraged by progress to date and the opportunities ahead, all of which are expected to contribute in delivering encouraging underlying organic growth which will be ahead of its current expectations."

The Group intends to issue a pre-close statement and give notice of its 2015 annual results in mid April.

alan@bj
11/3/2015
17:21
There's a good chance that sterling will weaken against the euro as the UK election approaches.
hawaly
11/3/2015
16:43
This is from today's Times:-
However, there are now growing concerns that the plunging euro is beginning to hamper UK exports, evident today with official figures revealing output from Britain's factories unexpectedly faltered in January.

Total manufacturing output in January fell by 0.5 per cent compared to December 2014, while the more widely defined total industrial production - which includes power generation and North Sea oil - declined by 0.1 per cent.

alan@bj
11/3/2015
14:15
Yes but its only translation of Euro profits into sterling. The acquisition has increased Euroland exposure. I'm sitting tight.
meijiman
11/3/2015
11:54
under pressure from drop in Euro given European sales and recent Italian acquisition I'd imagine, looking for a top up
tudes100
11/3/2015
09:02
Not sure, but possibly a shake; although chart has been looking a bit weak for some time...
gohil18
11/3/2015
08:56
I was wondering that -have rather alot of these. Wonder if linked to euro weakness. Would see below 100p as good entry level.
meijiman
11/3/2015
08:34
Anyone know the reason for this morning's drop?
alan@bj
11/2/2015
07:49
Yes indeed. The market sometimes isn't keen on aqusitions since it tends to spend cash and increase debt but TRI has chooses carefully.

The key in the IMS for me is the last sentence: "...underlying organic growth which will be ahead of its current expectations."

So in essence that aspect will be above what the market has priced in. I think 110 - 112p is resistance but a rise to 130p is perhaps more consistent with the value on offer here.

thorpematt
11/2/2015
07:06
decent update IMO
qs99
03/2/2015
19:35
Yep, I am in TRI is too cheap I think. I have 147p as fair value. So we'll round that up to £1.50 as target I guess.

I like the consistent management, steady growth and vast market-place.

thorpematt
03/2/2015
14:59
2014 IMS was end of Jan....IMO one should be due fairly soon? Anyone else in?
qs99
30/1/2015
12:42
slowly and surely
qs99
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