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Share Name Share Symbol Market Type Share ISIN Share Description
Trifast LSE:TRI London Ordinary Share GB0008883927 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  +2.50p +1.29% 196.00p 90,866 16:35:24
Bid Price Offer Price High Price Low Price Open Price
195.00p 196.50p 197.00p 193.50p 195.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 197.63 18.50 12.54 15.6 237.9

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Date Time Title Posts
30/11/201812:35Trifast Plc2,581

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Trifast Daily Update: Trifast is listed in the Industrial Engineering sector of the London Stock Exchange with ticker TRI. The last closing price for Trifast was 193.50p.
Trifast has a 4 week average price of 185p and a 12 week average price of 185p.
The 1 year high share price is 277p while the 1 year low share price is currently 185p.
There are currently 121,386,400 shares in issue and the average daily traded volume is 240,997 shares. The market capitalisation of Trifast is £237,917,344.
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."
sailastra: The fact that the share price has held up so well, whilst all around is in free fall is encouraging. However given the importance of the motor industry as a major customer and the pasting that the engineering sector has taken in the last few days I think we will do well to avoid the fall out......I am out for now..
mike740: Jim Slaters Formula, already knew it but just checked it up on Wiki...... Out of all of Slater’s criteria, the Price Earnings Growth (PEG) ratio is the most famous. The PEG is a means of identifying shares where brokers are forecasting high earnings growth, but which are currently valued at a price that is low relative to their forecast earnings. The PEG tells us the price of the stock relative to its earnings growth rate. It is calculated by dividing its prospective P/E ratio by the estimated future growth rate in the Earnings Per Share (EPS) of the company. Using our previous example, a company with a share price of 100p and earnings per share of 10p has a P/E ratio of 100/5 = 20 Now, for example, say the brokers’ forecast earnings growth rate for this company is 20%, its PEG is calculated as PEG = P/E ratio divided by estimated future growth rate So in this example, the PEG would be calculated as P/E 20 divided by growth rate of 20, gives PEG = 1 According to Slater, a PEG of 1 means that this company is fairly valued. A PEG greater than one means that the market is paying too much for future earnings growth, whilst a PEG of below one suggests the company’s share price is undervalued. Slater looks to invest in companies that are undervalued, ie those with a PEG less than 1, and ideally below 0.75.
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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