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 Shares Traded Last Trade
  4.00 4.08% 102.00 171,675 16:28:55
Bid Price Offer Price High Price Low Price Open Price
102.00 105.50 106.00 98.20 98.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 200.22 3.04 -0.19 139
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:16 UT 9,979 102.00 GBX

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Date Time Title Posts
22/6/202021:51Trifast Plc2,656

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Trifast Daily Update: Trifast Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker TRI. The last closing price for Trifast was 98p.
Trifast Plc has a 4 week average price of 98p and a 12 week average price of 98p.
The 1 year high share price is 210p while the 1 year low share price is currently 90p.
There are currently 135,929,041 shares in issue and the average daily traded volume is 47,344 shares. The market capitalisation of Trifast Plc is £138,647,621.82.
robow: from Citywire Funds Insider Trifast (TRFT) Who’s trading? Citywire AA-rated Julian Fosh and Anthony Cross The trade: The Liontrust UK equity stars doubled their stake in high-spec industrial nuts, bolts and screws maker Trifast from 5.1% of shares to 10.2% worth £22.7 million at a share price of 188p. How have the shares performed? After climbing more than 150% over the three years to April 2018 to a post-2000 record high of 276p the group has tumbled 31% over the last 10 months. What does the company say? After steering guidance higher in the previous year the business in November said it was ‘in a great position’ and that business remained resilient ‘despite the macroeconomic backdrop’. It pointed to a diversified global production and sales base as a factor helping to Brexit-proof the company against short-term turbulence. What’s the outlook? Research house Berenberg last week slashed its target price from 275p to 200p but that set the group against steadily more optimistic consensus, with the median target rising from 244p in late 2017 to 256p today, on a buy-to-hold analyst recommendation ratio of three to one.
jon123: they supply the car industry which isn't having a good time of it at the moment this could be weighing on the share price
boadicea: Good update and the market likes it. The most interesting feature was the disclosure that they have walked away from potential purchases, which shows judgement and confidence imo. (Why pay to buy them if you can beat them?)
paulc100: OK, the Trifast share price has stagnated now since January.......time to take profits and move on? Their dividends are not worth keeping the stock for with no value growth.
walbrock82: Trifast is a global solution business that manufactures fasteners. It operates in 27 countries and has the logistics to send goods to over 60 countries. Lately, business has been good and will continue for this year with analysts forecasting 25% return. However, Trifast’s share price have risen by 35%, meaning valuation is priced in. Trifast is prone to the business cycle. During the financial crisis, revenue fell from £130m in 2007 to £84m in 2010, before the long road to recovery. Meanwhile, operating profits fell from £7m to an operating loss of £10m. Looking at the share price of Trifast, there are three scenarios, with the likelihood coming true: Best-Case Scenario; - The shares will continue rising in the next 12 months unabated. The forecast is between £2.50 to £2.80 per share. (Probability outcome: 20%) Based-Case Scenario; - The share price will consolidate in a range of between £1.90 to £2.30 per share in the next 12 months. (Probability outcome: 40%) Worst-Case Scenario; - Shares could fall back to £1.50 or below in the next 12 months. (Probability outcome: 40%)
3rd eye: Trifast plc 10.3% Potential Upside Indicated by finnCap Posted by: Katherine Hargreaves 19th April 2016 Trifast plc with EPIC/TICKER LON:TRI has had its stock rating noted as ‘Retains’; with the recommendation being set at ‘BUY’ today by analysts at finnCap. Trifast plc are listed in the Industrials sector within UK Main Market. finnCap have set a target price of 155 GBX on its stock. This indicates the analyst now believes there is a potential upside of 10.3% from today’s opening price of 140.5 GBX. Over the last 30 and 90 trading days the company share price has increased 16 points and increased 31.5 points respectively. Trifast plc LON:TRI has a 50 day moving average of 123.44 GBX and a 200 day moving average of 119.62 GBX. The 52 week high share price is 140.5 GBX while the 52 week low is 101.96 GBX. There are currently 116,747,852 shares in issue with the average daily volume traded being 72,946. Market capitalisation for LON:TRI is £160,236,427 GBP.
alan@bj: 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.
starfishprime: The share price is reminding me of you alan, creeping around and getting higher, roll on the ts.
alan@bj: Fairly lengthy commentary from Simon Thompson in Investors Chronicle today, ending as follows:- "I am clearly not the only one positive on prospects for Trifast’s share price as analyst Jo Reedman at broking house N+1 Singer has an upgraded target price of 139p; David Buxton at finnCap has fair value at 152p; Henry Carver at house broker Peel Hunt has a 150p target; and both Mr Thefaut at Arden Partners and Nigel Harrison at Edison Investment Research are positive too. Offering 20 per cent share price upside to my target price of 140p, I rate Trisfast shares a buy at 116p."
alan@bj: Simon Thompson's latest view:- Stick with Trifast Engineering group Trifast (TRI) has just reported the "best six months' profit in the company's history," according to chief executive Jim Barker. Cutting costs boosted margins, while the VIC business - an Italian maker of fastening systems acquired in May - has integrated well. Profit forecasts for the full year have been upgraded, too, on the back of a healthy order book. The group's 13 per cent sales growth was largely down to VIC, which contributed £7.5m to the result. Strip that out and sales rose 2 per cent. But that understates the health of the business: at constant exchange rates top-line growth would have been 7 per cent, with growth across all regions. Adjusted operating profit jumped 46 per cent to £7.07m, boosted by a £1.6m contribution from VIC. Meanwhile, better sourcing, operational gearing and warehouse efficiencies drove a 130 basis point improvement in the gross margin. Mr Barker said the self-help programme started back in 2011 "keeps on giving". He also said that demand from Trifast's key customers in the automotive, electronics and telecom, domestic appliance and distributor sectors showed no sign of easing - whatever one might read about macroeconomic misery. The group is therefore investing in new manufacturing plants and recruiting additional engineers. N+1 Singer is forecasting adjusted pre-tax profit of £13.2m for the full year, giving EPS of 8p, up from £9.2m and 6p. IC VIEW The engineering sectors have been derated in recent months. But the downside is probably limited from here. Given Trifast's strong order book and potential to grow market share, the current share price - about 13 times this year's earnings - looks like a buying opportunity. Buy.
Trifast share price data is direct from the London Stock Exchange
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