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Trifast – “expected to be marginally ahead of guidance”. Er, that which was massively downgraded since its half-year?…

By Steve Moore | Thursday 25 April 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.

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?
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