Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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on an ex-div day, can't be bad.
...at sub 120p GLA & Best Regards, Blue
Judging by todays little jump, others agree with you ! But the momentum is slow....almost snails pace..
And so it goes on:- New vehicle registrations continue their surge in the UK, with July figures showing a 3.2% rise from the same month last year, according to the Society of Motor Manufacturers and Traders.
Just think of all those nuts, bolts and other fixings they must be ordering:- https://uk.finance.yahoo.com/news/european-car-registrations-jump-14-100928081.html
A couple of institutional shareholders increasing their stake in the last few days. Seems very positive
News of the depature of Trifast (TRI) boss Jim Barker, who spearheaded the industrial fasteners specialist's transformation into a fully-fledged growth company, sent its shares down 2 per cent. Yet a 58 per cent surge in underlying operating profit for the year to March suggests he's leaving the engineer in great shape. A focus on attracting international component manufacturers played a key role in the year's success. These customers now account for over 60 per cent of group sales - up from 40 per cent last financial year. Chairman Malcolm Diamond sees room for further gains, as he reckons Trifast has only captured about a quarter of large corporations looking to consolidate their supplier base. Trifast also boosted its exposure to the domestic appliances sector - notably via the acquisition of Italy-based VIC - while continuing to post gains in other markets. In Europe it offset tepid demand from Nordic oil and gas clients with a raft of new automotive projects, achieving a 16 per cent increase in constant-currency sales. The strong top-line growth, coupled with the benefits of a new commercial team, a single UK management structure and two new automated storage systems, helped widen the underlying operating margin by 2.4 points to 9.9 per cent. Broker Peel Hunt expects adjusted EPS of 9.3p in the year to March 2016 (from 8.7p in FY 2015). Shares in Trifast are already up a third since our buy tip (95p, 22 Jan 2015), yet still trade at a discount to peers on 14 times forecast earnings. There's enough value there to offset fears about the impact of Mr Barker's departure, particularly as he's set to be replaced by his right-hand man, finance director Mark Belton. Buy.
Westhouse Sec. issues buy rating and target at 185
FinnCap reiterates buy & raises target price from 137.5 to 152.
It always surprises me when an sp reacts oddly to news. I often find that after a few days, what I expect to happen does happen. Namely in the case of TRI a very healthy rise in the sp.
1. Profit taking buy on rumour sell on fact. 2. Grexit 3. CEO leaving 4. MMs wanting the shares for themselves 5. who knows? I would expect this to recover & move on upwards towards a new target price beyond 140 IMO
Why is the share price all over the place this morning despite a stonking set of results.
They have almost achieved the underlying profit levels that brokers were expecting in 2016 not 2015. Also top of the range dividend estimates were 1.9p & they are 2.1p so expect another uplift in SP today. The only negative is the retirement of the CEO but at least he is staying on as an advisory role until June 2016, good hand holding policy there. GLA.
Really great RNS.. interested to see where this goes today..
"The impressive results in 2015 are stronger than originally expected. They reflect the operational improvements implemented by management over recent years which are now delivering growth in both revenue and profitability, together with the upturn in confidence as we progressed through the year. There are some macroeconomic influences that we cannot control which may affect future results. This being said, as a business we remain confident in our ability to deliver our strategy and are excited about the future. At this early stage of the year, the forward order book remains solid and the Group's trading performance has been good as it continues to benefit from the positive momentum witnessed in the second half of last year. There continue to be many opportunities, both across our key sectors and with new and existing customer partnerships, and we believe that the Group will go from strength to strength. We remain encouraged by the future growth profile of the business and our commercial progress looks set to continue positively during 2015/16." Wow, I'm happy with these record results & dividend up 50%.
Cant wait, expecting great news tomorrow.
Early rise tomorrow! I actually meant that I will be getting up early to check results - but hopefully share price will also experience same.
Will see what they actually report next week but will probably look to reduce holding down to what for me is a more normal level should it jump over 140p. Will then operate a fairly tight stop for the rest. Bit concerned that market has got ahead of itself and can't believe we are not in for a fairly big correction before too long. Would like to be holding a lot more cash when that occurs.
What's your exit price or are you staying for the long run?
Yes - looking good...................big big holding for me so all fingers crossed for next week. Actually I'm feeling confident. Good company!
on up ahead of results next week.
Another record month for new car sales - surely more good news for TRI.