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Trifast – having been looking for second-half improvements, “Trading Update and Directorate Change”…

Industrial fastenings and components principally for major global assembly industries company, Trifast (TRI) has issued a “Trading Update and Directorate Change” announcement commencing that “since the half year results in November 2022, the group has recorded further year on year revenue growth, led by the European and North American businesses. In addition, Trifast has secured a further £10m of new contract wins since 30 September 2022, increasing the year-to-date total to £22m. During January, we also concluded negotiations with significant customers resulting in contractual pricing uplifts which were in line with our expectations”. So what of a current share price slump?

Trifast – set for second-half improvements?

Industrial fastenings and components principally for major global assembly industries business, Trifast (TRI) has recently announced results for its half-year ended 30th September 2022 including earnings per share down to 3.33p, increased net debt and noted continuing macro challenges. However, it also noted various “significant progress” which encourages for the second half of the year and beyond and suggests share price recovery potential.

Trifast – trading “slightly ahead” of its base case assumptions… so why further share price decline?...

Trifast (TRI) has updated that it “is pleased to report that trading… has continued to be slightly ahead of our FY2021 base case assumptions” and “we have a robust balance sheet and are actively pursuing commercial, operational and strategic initiatives that, despite the necessary COVID-19 related caution, will allow us to take advantage of the significant growth opportunities we see”. However, and despite already being down from above 190p in February, the shares are currently slightly further lower below 120p...

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