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| 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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 79.90 | 34,025 | 08:00:04 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 78.00 | 81.80 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Manufacturing Industries,nec | 233.67M | -4.44M | -0.0330 | -24.21 | 107.59M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 10:47:52 | O | 7,789 | 79.90 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 19/11/2024 | 21:34 | ALNC |  IN BRIEF: Trifast sales decline in "persistent market headwinds" |
| 19/11/2024 | 07:00 | UK RNS | Trifast PLC HALF-YEARLY FINANCIAL REPORT |
| 22/10/2024 | 17:20 | ALNC | IN BRIEF: Trifast expects subdued demand to continue in second half |
| 22/10/2024 | 06:00 | UK RNS | Trifast PLC Trading update and Notice of Half-year results |
| 12/9/2024 | 15:21 | UK RNS | Trifast PLC Director/PDMR Shareholding |
| 10/9/2024 | 18:59 | ALNC | IN BRIEF: Trifast aims to improve margins and boost cash generation |
| 10/9/2024 | 15:48 | UK RNS | Trifast PLC Result of AGM |
| 10/9/2024 | 06:01 | UK RNS | Trifast PLC AGM Statement |
| 10/9/2024 | 06:00 | UK RNS | Trifast PLC Appointment of CFO |
| 27/8/2024 | 08:21 | UK RNS | Trifast PLC Proposed new Directors Remuneration Policy |
Trifast (TRI) Share Charts1 Year Trifast Chart |
|
1 Month Trifast Chart |
Intraday Trifast Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/11/2024 | 14:36 | Trifast Plc | 2,785 |
| 27/8/2024 | 15:42 | TRIFAST | 24 |
| 15/12/2005 | 16:30 | Trifast... | 18 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 10:47:53 | 79.90 | 7,789 | 6,223.41 | O |
| 10:47:11 | 79.90 | 26,235 | 20,961.77 | O |
| 08:00:32 | 81.80 | 1 | 0.82 | O |
| 2024-11-20 15:56:38 | 79.90 | 106 | 84.69 | O |
| 2024-11-20 15:00:45 | 81.72 | 243 | 198.59 | O |
| Top Posts |
|---|
Posted at 21/11/2024 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 79.90p.Trifast currently has 134,652,239 shares in issue. The market capitalisation of Trifast is £107,587,139. Trifast has a price to earnings ratio (PE ratio) of -24.21. This morning TRI shares opened at - |
Posted at 20/11/2024 14:36 by speedsgh NOTE: Peel Hunt are broker to Trifast.‘Buy’ Trifast, says Peel Hunt - Peel Hunt is backing the turnaround story at Trifast (TRI), the manufacturer of bolts, nuts, screws and washers. Analyst Lauren Baker Iguaz reiterated her ‘buy’ recommendation and target price of 140p on the stock, which gained 2.6% to 80p on Tuesday and has climbed 14.3% over the last 12 months. First-half results from the group were ‘resilient&rsq Baker Iguaz said the first-half results showed ‘strategic progress and mid-term confidence are encouraging’. ‘Margins have improved, cash generation is solid, the balance sheet is strong, and the company remains confident in its mid-term ambitions,’ she said. ‘Our forecasts remain unchanged and we continue to believe in the turnaround story and that management can deliver what it promised.’ |
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 turmoilTrifast (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. citywire.com |
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“normal“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://www.trfasten 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 “goodwill̶ 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! |
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