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Trifast - Market remains sluggish

January 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • TRI
The anticipated recovery in industrial fasteners is taking longer than anticipated, but Trifast's restructuring helped pretax profit improve nearly 12% to £2.2m despite a 3% slip in turnover to £50.3m forthe six months to 30 September 2003.  The most encouraging keynotewas a rise in operating margin from 4.2% to 4.7%.  Meanwhile, net debt only crept up from £10.3m to £10.8m, even though Trifast paid out £1m in deferred consideration for the recent acquisition of European Industrial Services (EIS). One of the key themes in the UK, Trifast's biggest market, is that many of its large manufacturing customers are migrating to lower cost areas, such as Asia and Eastern Europe.  Although Trifast has replaced s ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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