Trifast Share Discussion Threads

[reddave999] 22/2/2016 19:03

To be hope so, I bought these last year 125p and it has only hit that mark once since. gLA

[thorpematt] 18/2/2016 15:36

boadicea, I wasn't aware of CAR's exit from that sector and so it sounds quite good prospectively for a turnaround - good luck with it. I will stick waith TRI in the meantime, it has a good record of making acquisitions which are acretive which is one of its many plus points. As far as the FTSE is concerned I'd say it's a bear market right now and since "the trend is your friend" I have shorted it at just above 6000. I suspect we'll see 5200 at some point FWIW. I am fairly sure TRI will out-performthe wider index this year so I will be long here. On another note Woodford has been on about Brexit worries being "bogus". That could help sentiment for TRI and the like I suspect.

[davr0s] 18/2/2016 10:21

Yes. But 26 points of that is due to shares going exdivi today

[alan@bj] 18/2/2016 08:57

Errr, the FTSE is down 39pts today in case you hadn't noticed.

[reddave999] 18/2/2016 08:28

Simon T has really got this stock moving ...wow

[boadicea] 17/2/2016 22:25

The stocks (TRI and CAR) might be in the same market sector but the sectors mainly occupied by their customers are rather different. TRI is more competitive consumer based, I think. CAR mainly services high precision non-consumer applications e.g. medical, on the one hand (including for companies in which I am also happily invested) and supercar lighting products on the other, both of which have proved to be quite recession resistant. The reason for its lowly rating and relatively high debt is the aftermath of an unfortunate foray into the world of computer screen products which initially looked highly promising but which was overtaken by technical advances matching the quality of its product at lower overall cost. It exited this business reasonably tidily in the circumstances and now seems set for steady advance in its core businesses. Hence my decision to rebalance. However, I expect them both to do well in the longer term and I was mainly considering the likelihood of a shorter term setback.

[thorpematt] 17/2/2016 20:52

CAR has a better growth profile and subsequent low PEG but it never seems to produce any significant profit. The debt has been going up a little over the years and coupled with that lack of profit means it looks a little risky on some scoring sheets. For me TRI ticks most other boxes when in direct comparison, particularly the quality ones such as ROE and op. margin. Gearing and interest cover etc as you would expect look great in comparison. It has to be said that whenever ST and I hold the same stock it tends to end in tears so I hope that this time it will go the right way. I hear those concerns on exposure to gloal trends and speading risk. BUT is picking 2 stocks in same sector doing that really? If it were me I might go for an entirely differnet sector... Random choices of the top of my head HFG or JEL

[boadicea] 17/2/2016 15:25

That's as may be but I have nevertheless just switched half my holding into CAR, which I feel has a more secure, recession resistant market for its main products and is on a similarly lowly forward rating. That leaves the balance of my TRI on almost free carry at about 6p net cost.

[alan@bj] 17/2/2016 14:40

This is Simon T's summary:- So having initiated coverage on the shares in my 2013 Bargain shares portfolio at 53p ('Bargain shares for 2013, 7 February 2013), and remained positive ever since, I feel that a prospective PE ratio of 11 for the coming financial year not only fails to reflect the progress Trifast has made in recent years, but also the possibility of the business hitting or even exceeding forecasts. I am not the only one thinking this way as analyst Jo Reedman at broking house N+1 Singer has a target price of 139p; David Buxton at finnCap has fair value at 143p; Henry Carver at house broker Peel Hunt has a 150p target; and Mr Thefaut at Arden Partners has a buy recommendation too. Offering very decent upside to my target price of 140p, I continue to rate Trifast’s lowly rated shares a decent buy on a bid-offer spread of 110p to 112p.

[gleach23] 17/2/2016 13:28

Thanks EC. He seems fairly persistent in tipping this.

[reddave999] 17/2/2016 12:47

That's all we need right now!

[effortless cool] 17/2/2016 12:23

Tipped by Simon Thompson in the IC, hence the rise today.

[steeplejack] 17/2/2016 11:05

I like this company but I suspect the market is going to question how they'll cope in an uncertain,choppy economic climate.Switched into Melrose.

[boadicea] 16/2/2016 17:02

The company seems to be performing well which is a relief these days, although one doesn't see progress becoming any easier in the near future. The decision to trim my holding into the good news however was encouraged in part by the tortured prose of the announcement. Doesn't anyone proof read these? Aren't they vetted by the nomad? The punctuation alone would have earned a generous splash of red ink when I was at school! (Some years ago.) Conclusion: The company is overly economising on secretarial support staff.

[steeplejack] 16/2/2016 09:17

A muted market response to an excellent update.Just as well the update was so positive given the market remains in such an unforgiving mood.

[mr_spock] 16/2/2016 08:28

From the RNS: "Although global sentiment and the Brexit/EU debate might be influencing the current climate, and consequently impinging on economic confidence, from Trifast's own perspective, Group trading has not been unduly affected... Overall, we are making good progress against our strategic objectives and we remain optimistic about the Group's prospects. Therefore, we remain confident of meeting our full year expectations for the year ending 31 March 2016." Meeting expectations in this economic climate is a big plus for me. Will contemplate getting some more over breakfast!

[amencorner] 16/2/2016 08:03

Decent enough update but they are always a touch cautious in the outlook!

[reddave999] 16/2/2016 07:48

Not sure on these, think they'll go south this morning but hope I'm wrong.

[jon123] 16/2/2016 07:45

steady as she goes

[davr0s] 16/2/2016 07:30

Bit low on specifics but expecting to meet expectations suppose says what I only need to know. But they seem very upbeat about things so happy to keep holding

[reddave999] 11/2/2016 09:10

The way this market is performing, I hope there is a delay in posting them tbh :)

[alan@bj] 10/2/2016 16:41

Trading update tomorrow?

[reddave999] 10/2/2016 16:14

Budged today though

[alan@bj] 08/2/2016 20:07

No idea. Doomsters out in force at the moment. I'm still holding. Those "sells" the other day we're all at mid price and the share price has hardly budged. I've been expecting an RNS informing a change in holdings.