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TRI Trifast Plc

2.00 (2.56%)
Last Updated: 08:30:53
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 Shares Traded Last Trade
  2.00 2.56% 80.00 2,625 08:30:53
Bid Price Offer Price High Price Low Price Open Price
77.80 80.00 80.00 80.00 80.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Manufacturing Industries,nec 244.39M -2.87M -0.0213 -37.56 107.72M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:59:45 AT 121 80.00 GBX

Trifast (TRI) Latest News

Trifast (TRI) Discussions and Chat

Trifast Forums and Chat

Date Time Title Posts
01/12/202313:23Trifast Plc2,771

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Trifast (TRI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-07 16:35:0878.00129.36UT
2023-12-07 14:13:2578.867,1505,638.49O

Trifast (TRI) Top Chat Posts

Top Posts
Posted at 08/12/2023 08:20 by Trifast Daily Update
Trifast Plc is listed in the Manufacturing Industries,nec sector of the London Stock Exchange with ticker TRI. The last closing price for Trifast was 78p.
Trifast currently has 134,652,239 shares in issue. The market capitalisation of Trifast is £105,028,746.
Trifast has a price to earnings ratio (PE ratio) of -36.62.
This morning TRI shares opened at 80p
Posted at 11/9/2023 07:43 by boystown
Simon Thompson had this to say last week, FWIW (when writing about LDG...)

A nuts ‘n’ bolts recovery play
Trifast is interesting, too. It’s also a holding of the smart investment team at Rockwood Strategic (RKW), a constituent of my market-beating 2016 Bargain Share Portfolio. The company is an international manufacturer (30 per cent of sales) and distributor (70 per cent) of fasteners (nuts and bolts).

Operating across 34 locations, of which seven are high-volume manufacturing sites, Trifast sells 15bn parts every year. The company has a long history of profitability and cash generation, is well invested in plant and machinery and has substantial net assets. However, returns have fallen in recent years, and return on capital employed (ROCE) is poor. So, to boost Trifast’s operating margin, which declined from 6.7 to 4.9 per cent in the 2022-23 financial year, management is carrying out a restructuring to deliver savings. Also, a keener focus on cash generation and working capital management should help drive down the group’s elevated borrowings.

If all goes according to plan, there is potential to materially increase Trifast’s cash generation, reduce leverage and improve both ROCE and profits to drive a normalisation of the rating. To put the potential into some perspective, analysts at brokerage Zeus Capital expect operating profit to increase 70 per cent over the next two financial years from £12mn to £20.4mn. Their prediction is based on an expansion in Trifast’s operating margin from 4.9 to 7.5 per cent and factoring in 11 per cent sales growth.

Moreover, with net debt (including leases) forecast to be slashed from £53.8mn to £35.9mn, then more of the economic interest in the £108mn market capitalisation company will be transferred from debt holders to shareholders, a catalyst for a higher rating. The shares are priced on forward PE ratios of 12.3 (2024) and 8.6 (2025), highlighting the scale of the potential re-rating, assuming of course that the restructuring is well executed.
Posted at 11/7/2023 06:59 by pugugly
Accounts a bit of a curate's egg - Turnover up Profit down - Stock levels well reduced - Dividend up. Will have to see how Mr Market treats the results -
Forward vision apparently improved.
"There can be no doubt that this has been a very challenging year, particularly with macro-level supply chain issues and inflationary cost pressures. However, the recent performance, together with renewed focus, starts to give us confidence on achieving our plans in FY24.

In Q4 FY23, the Group achieved its key immediate priorities together with robust future orders received. Our record-breaking order book of £25.6m together with a focused, customer engagement programme allows us to work towards our medium-term objectives.

Our price increase programme for some of our key customers ensures price mechanisms are in place to manage future key cost drivers as our ongoing way of doing business. This, combined with our focused drive on working capital, especially inventory management, ensures we manage our customer expectations at controlled and appropriate levels. Our target for FY24 is to achieve a balanced inventory level with a continued focus to reduce further through innovative tools.

We have prepared for the future by renegotiating debt facilities, which will allow us to grow through organic and acquisition investments. This is in two forms: first, renegotiation of our RCF to £70m; and second, with a new UKEF-EDG supported debt facility of £50m. This combined facility will allow us the flexibility to invest and grow the business in the key sectors on a global basis.

In support of our ongoing growth journey and developing the foundations for the future we are targeting our capex on sustainable opportunities combined with short financial payback periods. FY24 is key to complete the revised roll-out for our business transformation D365 project by the end of the year.

As a result of this we are confident in the medium term that we can return to our KSI targets for both UOP% and ROCE.

At a guess will open down.
Posted at 26/4/2023 06:54 by queenbreguet
Good set of results and increase in dividend. Hopefully the share price will reflect this.
Posted at 21/2/2023 10:33 by philanderer
Peel Hunt backs Trifast despite short-term turmoil

Trifast (TRI) boss Mark Belton has stepped down following a worrying trading update, but Peel Hunt believes there is longer-term value at the industrial fasteners engineer.

Analyst Henry Carver retained his ‘buy’ recommendation but cut the target price from 140p to 110p on the stock, which plummeted 34%, or 31p, to 61p on Monday.

While the business remained on track to deliver 11% revenue growth in 2023, profitability was ‘knocked off course’ as currency movements and ‘significant customer destocking’ hit in the third quarter.

Carver reduced his full-year 2023 earnings by 28%, while higher interest rates mean profits were downgraded 39% to £8.9m.

‘Our target price reduces to 110p, which puts the shares on a recovery rating of 16 times our new full-year 2024 earnings per share, but we keep our ‘buy’ rating,’ he said.

‘Good demand levels across the group, new business wins, and price increases taking effect give us confidence in the long-term value of the business.’

Carver added that new interim chief executive Scott Mac has an ‘in-depth knowledge of Trifast’ having been a non-executive director for nine years, as well as having a career in the fasteners industry.
Posted at 20/2/2023 12:19 by archy147
Like I said before, amazing opportunity to buy. At nearly half the price of covid lows!!
Posted at 20/2/2023 10:17 by fastbuck
Abit of fear / risk with sudden departure of CEO.Price retraced back to late last year when a fund was dumping their stock. Very cheap on a asset basis, taking their current assets deducting all liabilities you have a value of circ £60m vs a share price value of under £40m. You are also getting all fixed assets for free.Whilst they remain profitable as they have said, and win new business as they have said.
Posted at 20/2/2023 09:57 by pugugly
investopedia - Fair comment - Have been trying to check macro trends for industrial fasteners - as yet not luck.
Trend until recently was possibly more towards gluing but with pressure now towards renewables and repair gut feel is that TRI should benefit But a always DYOR ETC

Able to buy now at sub 50p
Posted at 28/11/2022 15:50 by hamhamham1
A lot of them are potentially undervalued, wouldn't like to say which ones the most, it depends where you think their share prices will recover to really. I usually dream of hitting 50% of their recent-ish highs, but that's just a hope.
Am just happy to hold them for 3 or 4 yrs and see what happens.
Posted at 26/11/2022 19:23 by boystown
It’s interesting to zoom out on TRI and look at a five year performance during which annual operating profit has varied from a pandemic low of £10.5m and a high of over £20m, with EPS varying between a Covid-affected 0.26p and c.12p which is more“normal221;. During this time, the share price has been as high as 270p in April 2018 and a low of 50p last week.

“So what?” you might reasonably ask, but this is a fairly consistent global “nuts and bolts” business which may not deserve a high rating, but which certainly deserves a reasonable one IMO as their products are top quality AIUI, witness; hxxps://

And this week’s results showed a company gradually getting back to something like normal despite the obvious challenges. So for reasonably patient investors; with t/o of c.£220m and operating profit gradually getting back to, let’s say, £15m - then a “goodwill̶1; valuation of c.£100m would seem conservative. Add to that £200m for current assets and a really tiny amount for non-current assets, then deduct all liabilities and we come out at an admittedly rough valuation of 119p which, funnily enough, is where the share price was as recently as March. And it was just on a quid as recently as early September.

So for investors who, by design, decide not to sweat the minutiae but to focus on the bigger, slightly longer-term picture, these have to be worth triple figures at least?

Anyway, I’m talking my book as I bought at 54p this week - so please don’t listen to me!
Posted at 25/11/2022 22:27 by tezula
The interview on investormeetcompany is well worth a watch. There’s a significant FX gain on the revenue bridge which converts wholly to profit. The Q&A at the end of the session reveals that there is currently a £10m provision for stock obsolescence. From the accounts I’m concerned about the £16m spent to date on Project Atlas and the £500,000 used to say goodbye to the previous FD. I’m not convinced that the PLC Board know what’s going on under the bonnet of this business. Point is made about the fragmented nature of the market for fastenings. I wonder if there are some smart businesses capable of becoming serious competition for Trifast? I’m bemused by the nil cost shares handed out this week to the CEO. It’s not all doom and gloom price increases are successfully being applied and there are some significant new business wins. Overheads are increasing due to wage settlements and new hires.
Trifast share price data is direct from the London Stock Exchange

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