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The only thing I can think of holding this back is the weakness of the Euro, which although a factor should still not be enough to keep it at these levels. Roll on the results in April to alleviate any fears.
You're not wrong about IC - but not sure "invest in hope" is the right way to go about things. On that basis we'd all be back to picking shares using a pin and the FT listings.
IC also said buy for KBC and Communisis, to name only two!! This SHOULD rise on good results. But... ...invest in hope rather than expectation!!
I'm sticking with as well - they surely must have good news when next reporting. I have management down as "under promising - over delivering".
up again at these silly prices.
My fingers (and toes) are all crossed. BIG holding for me.
Buy at the close, this will fly IMO when the results come out in April.
Nope. Market just doesn't seem to like this share.
Doesn't seem to have had much positive impact on the SP though.
Agree, strong buy with a target of 140. This is so undervalued. Looking forward to the April results.
Very strong BUY tip in Simon Thompson's Investors Chronicle email bulletin today.
Hold on to these for as long as you can...years not months. Everyone everywhere needs nuts and bolts...and Trifast is more than just a 'nuts and bolts' company. This time next year I would not be surprised to see the SP nearer 200p than 100p...
if you sold yesterday on Singers downgrade - this is a stellar company whose results will exceed expectations again. SP should be nearer to 130 IMO.
"The Group is developing a strong forward order pipeline reflecting solid growth from both new and existing customers across its key sectors of global automotive, domestic appliances and electronics/telecoms infrastructure (4G). Global OEM customers are by far the largest contributor to revenue. This trend is expected to improve further over the short to medium term as we focus on converting the opportunities to extend our 'preferred supplier' partnership status outside the traditional European OEM plants into numerous sister plants in Asia and the USA. Margin improvement continues to be driven by ongoing operational process efficiencies. "As previously stated, Trifast continues to investigate and pursue potential acquisitions that would be complementary to the Group's business and meet its strategic objectives. This has been recently exemplified by the successful integration of VIC, acquired in May 2014, and the cross-selling opportunities that are now emerging. "Overall, despite the macro economic trends and exchange rate effects, the Board remains very encouraged by progress to date and the opportunities ahead, all of which are expected to contribute in delivering encouraging underlying organic growth which will be ahead of its current expectations."
N 1 Singer got it badly wrong on ETO last month & I suggest that following the Trifast trading update they will have egg on their face again.
Especially since Investors Chronicle reiterated their BUY stance about a week ago.
N 1 Singer downgrades to hold from buy with new target of 119 down from 140 - not sure why though.
Going back over the past few years, they seem to like Thursdays for trading updates - so could be tomorrow (or Thursday next week). 130p would be nice!
Results not due until mid April but I expect a trading update before then, could be any day - last year it was 30th Jan so a bit overdue. I expect the results to be excellent & SP should be nearer 130 IMO.
SP ticking back up nicely - but I thought we were due an Update last week? Anyone know when it is actually due?
lets hope it holds tomorrow and a strong end to the week.
flipping out a little trading top slice?
Article is strong, this should move further upwards on next trading update.
I bought in Wednesday following Schroders news Tuesday night. That was in the evening standard! Rns this morning explains all.
BUY tip in tomorrow's Investors Chronicle. Must have been some "early readers" who caused price jump today.