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

By Steve Moore | Monday 20 February 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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?
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