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Tricorn set to beat FY forecasts, offer dividend

Mon, 04th Apr 2011 08:40

Tube manipulation specialist Tricorn said it expects full year pre-tax profit to be significantly ahead of market expectations as it considers recommending a maiden dividend.The Worcestershire-based group said full year pre-tax profit is expected to be around £1m after a strong final quarter and improved operating profit margin. Second half sales for the period ended 31 March 2011 are expected to be over 10% higher than the first half and full year sales are expected to be around 40% ahead of the previous year, Tricorn said in a company update.Commenting on trading Tricorn said, "Our Energy and Transportation sectors remain the principal driver for this with both sectors benefitting from strong market recovery and new business wins. We have also been encouraged by the continued growth in demand in the Utilities sector, albeit from a relatively low base."Aerospace sales in the second half will be at very similar levels to those in the first half.The pipe and tubular assemblies manufacturer is also considering recommending the payment of a nominal maiden dividend as part of a longer term progressive dividend policy. CJ
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6 Aug 2014 10:49

UK WINNERS & LOSERS: Pharmaceuticals Hit By Scrutiny Of Tax Inversion

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6 Aug 2014 07:51

Avingtrans Buys RMDB Aerospace, Says Full-Year In Line With Expectations

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10 Jun 2014 10:43

Tricorn Group Swings To Pretax Loss On Costs

LONDON (Alliance News) - Tricorn Group PLC Tuesday said it swung to a pretax loss in its full-year as increased revenues were offset by restructuring costs along with the cost of setting up operations in China. The tube manipulation specialist posted a pretax loss of GBP999,000 for the twel

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16 Apr 2014 14:05

CORRECT: Tricorn Full-Year Revenues To Decline Less Than Previously Expected

(An item published at 1121 GMT, misstated the company's name at the bottom of the article. The correct version follows.) LONDON (Alliance News) - Tricorn Group PLC Wednesday said that revenues for the year just ended will be lower than the prior year due to lower demand in its UK businesses

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11 Feb 2014 13:31

CORRECT: UK MIDDAY BRIEFING: Stocks Gain Ahead Of Yellen Appearance

(An item published at 1325 GMT mis-spelt the Fed Chair's surname in the title. The correct version follows.) LONDON (Alliance News) - The FTSE 100 is up for a fifth consecutive day Tuesday amid a continuing global stock rally, with the London blue chip index helped by strong performances

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11 Feb 2014 13:28

UK MIDDAY BRIEFING: Stocks Gain Ahead Of Yellon Appearance

LONDON (Alliance News) - The FTSE 100 is up for a fifth consecutive day Tuesday amid a continuing global stock rally, with the London blue chip index helped by strong performances from the retailers and miners.

Retail stocks including Sports Direct International, Read more

11 Feb 2014 11:30

UK WINNERS & LOSERS: Kazakhmys Revalued As Tenge Is Devalued

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.

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FTSE 100 - WINNERS

Sports Direct International, up 4.1%, and Marks and SpencerRead more

11 Feb 2014 11:03

STOCKS NEWS EUROPE-UK small caps advance, but lag wider market

The FTSE Small Cap index and junior-listed AIM shares climb 0.4 percent and 0.3 percent respectively, underperforming the mid-caps, up 0.8 percent, and the blue chips, which are 0.9 percent firmer. AIM-listed tube manipulation specialist Tricorn Group drops 27 percent to 23 pence after sayi

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11 Feb 2014 10:54

Tricorn warns on profit after problems in Energy and Transportation

Shares in Tricorn Group took a hit on Tuesday morning after the pipe and tubing specialist warned of further softening in demand and predicted second half revenue would fall around 15 per cent below the first. As such, pre-tax profit for the full-year is expected to be "materially below" the curren

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11 Feb 2014 10:37

Tricorn Group Plummets As Firm Reduces Expectations For Second-Half

LONDON (Alliance News) - Tricorn Group PLC shares dropped to the bottom of the AIM market Tuesday after the firm said revenues for the second-half are expected to come in 15% lower than first-half figures, as demand continues to lighten. In a trading statement covering the financial year to

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11 Feb 2014 09:41

Tuesday broker round-up UPDATE

Bellway: Jefferies takes target price from 2085p to 2186p and stays with its buy recommendation. BT Group: Jefferies shifts target price from 435p to 440p and keeps a buy recommendation. Carnival: Jefferies ups target price from 2000p to 2050p, while downgrading to underperform. Deutsche Bank rais

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11 Feb 2014 09:36

CORRECT: UK MORNING BRIEFING: Shares Open Higher But Barclays Down On Results

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11 Feb 2014 08:32

UK MORNING BRIEFING: Shares Open Higher But Barclays Down On Results

LONDON (Alliance News) - UK shares have opened higher Tuesday ahead of the testimony later in the day by new US Federal Reserve Chair Janet Yellen.

Barclays has said it is in a position to increase its leverage ratio target, despite a loss in its final quarter. Bar

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18 Nov 2013 08:45

Tricorn Sells Redman Pipe Joint Business For Undisclosed Sum

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4 Oct 2013 12:19

STOCKS NEWS EUROPE-UK small caps climb 0.4 pct

UK small caps firm 0.4 percent, outperforming the wider market, with junior-listed AIM shares trading flat, mid-caps off 0.1 percent, and blue chips 0.1 percent higher. Tricorn Group, a manufacturer of pipe and tubing assemblies, drops more than 6 percent after it says it expects pretax pr

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