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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 0.0% 62.00 72,631 11:40:51
Bid Price Offer Price High Price Low Price Open Price
61.00 62.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 218.62 10.62 6.61 9.4 84
Last Trade Time Trade Type Trade Size Trade Price Currency
12:21:38 O 40,000 61.00 GBX

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Date Time Title Posts
02/12/202216:18Trifast Plc2,703
21/10/201907:45TRIFAST23
15/12/200516:30Trifast...18

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Trifast (TRI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:21:3961.0040,00024,400.00O
12:04:3761.2119,00011,628.95O
11:39:0661.223,2091,964.55O
10:03:2660.8013079.04O
10:03:2662.0031.86O
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Trifast (TRI) Top Chat Posts

Top Posts
Posted at 06/12/2022 08:20 by 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 62p.
Trifast Plc has a 4 week average price of 49.10p and a 12 week average price of 49.10p.
The 1 year high share price is 165p while the 1 year low share price is currently 49.10p.
There are currently 136,104,935 shares in issue and the average daily traded volume is 85,482 shares. The market capitalisation of Trifast Plc is £84,385,059.70.
Posted at 28/11/2022 20:59 by archy147
Fair enough hamham, I think holding all those for few years will see you rewarded as most are at very depressed values and a fair few will surely recover.

I currently hold 6 of them myself (FSJ LUCE OTB SFOR TRI TUI). A few others are on my watchlist, hoping for a lower entry point. Good luck!

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 27/11/2022 08:41 by hamhamham1
Boystown, interesting :)

If I were talking my book, I would mention my Dirty 30 (ish)...
ASC, BOO, COST, EZJ, EVR, FSJ, FCH, IGR, ITV, JUP, WG., KIE, LUCE, MKS, MTRO, OTB, REVB, RR., SFOR, SAGA, SDRY, SYNT, THG, TRI, TRST, TUI.

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://www.trfastenings.com/knowledge-base

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.
Posted at 25/11/2022 13:33 by jolomo
I think the price is partly explained by a substantial discount for poor management.
Posted at 22/11/2022 11:37 by hatfullofsky
Crazy price indeed but how long will the recovery take ? This is now a recovery play, I was waiting for the results, for some optimistic read but there isn't one.
Posted at 22/11/2022 11:23 by value hound
I've picked some up. Crazy price imo
Posted at 03/10/2022 13:18 by pursia
Price on 05 May 22 was +/-98p. On 14 Sep it was +/-85. Bought today at 70p. May go lower if sales decline but I expect it to recover by 2025. Historically bought it at 43p in 2012 and sold at 263p in 2018. I hope the same might happen this time!
Posted at 05/5/2022 19:17 by r2oo
Price target decreased to UK£1.73Down from UK£1.89, the current price target is an average from 7 analysts.New target price is 76% above last closing price of UK£0.98.Stock is down 36% over the past year.The company is forecast to post earnings per share of UK£0.059 for next year compared to UK£0.043 last year.
Trifast share price data is direct from the London Stock Exchange
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