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Trifast – I having previously cautioned on the H2 weighting, what of a latest “Trading Update”?…

By Steve Moore | Monday 22 January 2024

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.

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”?

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