Tiddler to try if your brave, tipped by Robbie and a trading statement and chart that is worth watching.
Date: Tuesday 10 August 2010

Trifast's trading business, TR Fastenings is a leading international manufacturer and distributor of industrial fastenings and category 'C' components to assembly industries, with operations in Europe, Asia, the Americas.

Where we are today...
21 distribution sites across Europe, Asia and North America
Manufacturing plants in China, Singapore, Malaysia, Taiwan and the UK which concentrate on niche, high value products
Strong focus on branded products, supply solutions and engineering support
Employing over 800 people across the globe
Where we came from...


Trifast plc

Q1 Interim Management Statement and
Trading Update - Reflecting a strong recovery in trends and expectations

Trifast plc ('Group' or 'TR or Company')publishes its Interim Management Statement covering the period to date 1 April-9 August 2010, and a Trading update for the 18-weeks to the date of this announcement as required by the UK Listing Authority Disclosure and Transparency Rules.

Q1 Interim Management Statement

As the Company indicated in its Preliminary announcement issued on 16 June 2010, the uplift in the last quarter of the previous financial year continued into Q1 of the current financial year ending March 2011. Group revenue for the three months ended 30 June 2010 was 28% ahead of the same period last year; gross margins remained at levels similar to those of the second half of last financial year.

Trading Update - improving trends continue reflecting a strong recovery and ahead of expectations

Overall, for the year to date, we have continued to witness an improvement in trading and business opportunities despite some caution still prevailing across certain global economies.

TR Asia remains buoyant in terms of both manufacturing and distribution. Due to increasing manufacturing demand and visibility the Board has authorised the restoration of capital expenditure in this region.

Around the rest of the world in general, TR is also witnessing demand and enquiries increasing across both its transactional and global sales. The Group's focus remains "sales-led" with margin improvement whilst retaining its tight control on cash as the business starts to build up stocks profiled to new customer requirements.

In its 'rebuild' phase, the Directors remain confident that Trifast will continue to make good strategic progress throughout the remainder of the financial year. However, the Group continues to be mindful of the number of external macro-factors which could slow global and UK economic recovery such as the significant increases in freight and raw material costs.

Taking all of this into account trading to date is strong; as a result, the Group will significantly exceed market expectations for the current year.

2010 Annual Financial Report and Annual General Meeting

The Group's Annual Financial Report for the year ended 31 March 2010 together with associated documents are being posted on 18 August 2010 to shareholders listed on the Register as at 30 July 2010, following which it can also be viewed on the Company's website www.trifast.com. The Group's Annual General Meeting is to be held on 21 September 2010 at Trifast House, Bellbrook Park, Uckfield, East Sussex TN22 1QW.

Other than as noted above, there have been no material events or transactions between 1 April 2010 and the date of this announcement.

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Better news certainly came, in the shape of interim results today. Recovery looks promising - pity no dividend yet, but patience here being well rewarded so far. Always DYOR

Nice big profit jump and nice jump in sp.,.

Chart looking very positive, bought at 37p now 52p going very nicely.,.

Shame I didn't take profit at 51p but bl**dy glad i sold yesterday at 46p, nice profit taken and funds re-invested in rkh. Glad I get a bit of luck sometimes. Why it's dived to 40p i don't understand.

Market reaction to todays results, both before and after is difficult to understand. Superb results but muted reaction although spreads are high which must inhibit traders. Must show a rise in next few days. heavily tipped byDavid Schwartz in the FT.

According to IC - A company ready to bolt.

... dreamcatcher, looks like they have bolted. listen to this (got it from FT) interview with Malcolm Diamond

Thanks for that link Morigam. Looks good.

Preliminary Results- year ended 31 March 2013

http://www.moneyam.com/action/news/showArticle?id=4619441

25 Jun Westhouse... 80.00 Buy
25 Jun N+1 Singer 60.00 Buy

A buy in this weeks IC - Trifast generates tasty returns.

Trifast's management team is in a confident mood,with more savings and fatter profits tipped to drive further growth this year. The shares, however, trade on just 11 times forecast earnings, a significant discount to peers.

Trifast
Preliminary results
Margins up again

http://www.edisoninvestmentresearch.com/researchreports/trifast020713outlook.pdf

I see in Shares today they have liked the story but feel perhaps its time to take profits with the uncertain economic backdrop.

This should be good news for TRI from Simon T of Investors C

The chart set-up looks positive, too. From a technical perspective, if the 90p price level can be taken out - this resistance dates back to the highs of 2007 - this opens up the potential for a run up in the price to the 2003 high of 94.25p. Beyond that there is no resistance at all until the 2001 high of 120p.

So, based on an enterprise value to cash profits multiple of around 10 times 2015 estimates of £11.4m, I feel that a more reasonable valuation for the equity of Trifast is £110m. Factoring in 108.5m shares currently in issue, this gives a new upgraded target price of around 100p. It's also worth noting that merger and acquisition activity in the sector supports my valuation target based on proven trade valuations of fastener manufacturers and distributors. Trading on a bid-offer spread of 83.5p to 85p, and offering potentially 18 per cent upside to my new target price, I continue to rate Trifast shares a buy. The time frame for this trade is four months.

RNS Number : 8407Y
Trifast PLC
30 January 2014




Date: Thursday, 30 January 2014


Immediate Release





Trifast plc

("Group" or "Trifast" or "TR")

Interim Management Statement



Trifast publishes this unaudited Interim Management Statement covering the period from 1 October 2013 to the date of this announcement:-



"The Directors are pleased to report that a combination of the recently well publicised automotive dynamics in the UK, US and China, our own ongoing 'self-help' focus and the improving macro-economic sentiment are resulting in the Group's divisions in Asia, Europe and the US trading strongly. TR's balance sheet remains strong, cash collection continues to be effective and Group gearing is modest.



As our customers and markets continue to make strides in technological advancements, we too look to add further value to TR's offering through enhanced engineering design and technical capability matched by complementary products that meet the requirements, demands and aspirations of our global customers. Our teams also continue to identify and create new business opportunities within our key markets which further enhance our confidence going forward.



Beyond our teams' organic growth initiatives, one of our objectives remains to be a 'strategic consolidator' and as such, the Group continues to actively investigate suitable acquisitions to add geographic coverage, product range and customers to the TR footprint.



We look forward to keeping all stakeholders updated with our progress."

LISTEN: Trifast (TRI) - Interim management statement

Click the link to listen
http://www.brrmedia.co.uk/event/120061/malcolm-diamond-executive-chairman

LISTEN: blur Group - Release of blur 4.0 brief app

Click here to listen

LISTEN: Trifast (TRI) - Proposed acquisition: Viterie Italia Centrale SrL

Click here to listen

Listen: Malcolm Diamond MBE, Exec Chairman, Trifast - Trading update

click here

Watch the final results explained by the Trifast's CEO: click here

Trifast - Analyst interview, Peel Hunt

click here