‘Engineered fastenings’ company Trifast (TRI) has issued a “Trading Update” and that it “remains confident in delivering further margin improvement in H2 FY27, targeting double-digit EBIT margins in the period, ahead of our stated timeframe”. So what of a current slightly lower share price response to 85p?
Most recently on engineered fastenings and components company Trifast (TRI), in September with the shares down to 84p I wrote ‘trading “consistent with that reported at our Full Year results in July”, but how creditable is that?’ concluding, with also macroeconomic headwinds, retaining a cautious stance. The shares most recently closed at 76.8p but what about now a “Trading Statement” and the shares currently rising to around 80p?
‘Engineered fastenings’ company Trifast (TRI) has issued an AGM “Trading Statement” headlined “Performance in line with expectations, driven by margin recovery and progress on our medium-term Recover, Rebuild, Resilience strategy”. What about the shares currently more than 4% lower at 84p in response?
Industrial fastenings and components company Trifast (TRI) has announced results for its year ended 31st March 2024 including emphasising “underlying profit before tax £6.5m (AER), slightly higher than January guidance” and an outlook of “focused margin management actions, supporting our positive profitable growth with new pipeline wins, combined with continued strict cost control and working capital management”. The shares have currently responded up to 72p, but what of that comparing to above 93p reached in January?
Industrial fastenings and components company Trifast (TRI) has issued a trading update including that its “revenue and profitability for the financial year ended 31 March 2024, are expected to be marginally ahead of guidance indicated in the announcement of 22 January” and that it is confident that a consolidation into a UK National Distribution Centre will enable it “to rebuild revenues with a much higher level of efficiency and gives the UK business a stronger platform to benefit from demand recovery in the short to medium term”. So what of a share price currently up to 80p in response?
Previously writing on industrial fastenings and components company Trifast (TRI), in October with the shares down to 74p I noted concerns were elevated here as it’s already “as previously guided, the financial year ending 31 March 2024 will be weighted to the second half… Current market consensus compiled by the company for the year ending 31 March 2024 is an underlying profit before tax of c.£12.0m” and that, at a still above £100 million market capitalisation, to avoid. What then now of a latest “Trading Update”?
Industrial fastenings and components company Trifast (TRI) has issued a trading update commencing that “trading has been resilient in what has been a challenging macro-economic and geopolitical environment”. So what of a share price down from around 90p reached this summer to a current 74p?
