The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTrifast Share News (TRI)

Share Price Information for Trifast (TRI)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 74.00
Bid: 69.20
Ask: 73.80
Change: 4.00 (5.71%)
Spread: 4.60 (6.647%)
Open: 74.00
High: 74.00
Low: 74.00
Prev. Close: 70.00
TRI Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

SMALL-CAP WINNERS & LOSERS: Trifast yearly outturn to fall short

Mon, 20th Feb 2023 09:47

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

----------

SMALL-CAP - WINNERS

----------

Great Southern Copper PLC, up 19% at 1.54 pence, 12-month range 1.05p-5.02p. The Chile-focused explorer hails "high-grade" copper and gold assay results from its Victoria prospect. It also outlines "drill-ready targets" at Teresita.

----------

Bank of Cyprus Holdings PLC, up 2.9% at 215.00 pence, 12-month range 68.20p-217.00p. The lender says the foundations for "meaningful dividend distributions" have been laid. Revenue in 2022 rises 20% to EUR904.2 million from EUR754.6 million in 2021. Pretax profit jumps to EUR109.8 million from EUR36.1 million. Bank of Cyprus says its recurring return on tangible equity beat guidance, rising to 11.3% in 2022 from 5.5% in 2021. It had been expected to land at 10%. Bank of Cyprus lifted its ROTE guidance for 2023 to "over 13%", from "over 10%" previously. The company says the outcome paves the way for "meaningful" payouts. It hasn't paid a dividend since listing in London in early 2017. Shares hit a one-year high.

----------

SMALL-CAP - LOSERS

----------

Trifast PLC, down 45% at 50.32p, 12-month range 46.70p-144.50p. The industrial fastenings firm says tough economic conditions have meant it has suffered "some volatility in demand patterns". It has been hurt by a "significant destocking" from an Asian manufacturer, offsetting efforts to boost its operating margin. It now expects revenue of GBP243 million and adjusted pretax profit of GBP9.0 million for the year ending March 31. Both outcomes will be below market expectations. In addition, it says Mark Belton has stepped down as chief executive with immediate effect. Scott Mac Meekin becomes interim CEO, relinquishing his non-executive director responsibilities.

----------

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
14 Feb 2020 09:15

UK BROKER RATINGS SUMMARY: UBS Lifts Antofagasta To Neutral From Sell

UK BROKER RATINGS SUMMARY: UBS Lifts Antofagasta To Neutral From Sell

Read more
13 Feb 2020 16:12

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
23 Dec 2019 12:16

Monday broker round-up

(Sharecast News) - Rentokil: Peel Hunt reiterates hold with a target price of 455p.

Read more
23 Dec 2019 10:37

Berenberg lower target price on Trifast amid 'tough' end-markets

(Sharecast News) - Analysts at Berenberg lowered their target price on industrial fastenings manufacturer Trifast on Monday, but praised the group's solid progress despite "tough end-markets".

Read more
23 Dec 2019 09:36

UK BROKER RATINGS SUMMARY: HSBC Lifts Just Eat Target Above Rival Bids

UK BROKER RATINGS SUMMARY: HSBC Lifts Just Eat Target Above Rival Bids

Read more
19 Nov 2019 10:39

Trifast Holds Payout On Results Dip; Chair Announces Departure

Trifast Holds Payout On Results Dip; Chair Announces Departure

Read more
12 Nov 2019 16:03

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
23 Oct 2019 12:48

Wednesday broker round-up

(Sharecast News) - Bodycote: HSBC downgrades to hold with a target price of 725p.

Read more
21 Oct 2019 10:05

Trifast Warns On Revenue, Margins As Market Conditions Remain Weak

Trifast Warns On Revenue, Margins As Market Conditions Remain Weak

Read more
21 Oct 2019 09:22

UK BROKER RATINGS SUMMARY: Deutsche Bank Upgrades Pearson To Hold

UK BROKER RATINGS SUMMARY: Deutsche Bank Upgrades Pearson To Hold

Read more
21 Oct 2019 08:58

LONDON MARKET OPEN: Smith & Nephew Falls As CEO Departs; Sterling Up

LONDON MARKET OPEN: Smith & Nephew Falls As CEO Departs; Sterling Up

Read more
14 Oct 2019 16:00

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
7 Oct 2019 09:28

BROKER RATINGS SUMMARY: HSBC Downgrades Carnival To Hold From Buy

BROKER RATINGS SUMMARY: HSBC Downgrades Carnival To Hold From Buy

Read more
4 Oct 2019 16:04

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
24 Jul 2019 12:59

Trifast Warns Of "Volatile" Markets Despite Solid Annual Results

(Alliance News) - The chair of Trifast PLC warned Wednesday of increasingly volatile markets despite the industrial fastenings firm having delivered "another year of solid in Trifast were at

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.