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Trifast – profit “slightly higher than January guidance”, but how creditable is that?…

By Steve Moore | Monday 29 July 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 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?
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