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Trifast – set for second-half improvements?

Industrial fastenings and components principally for major global assembly industries business, Trifast (TRI) has recently announced results for its half-year ended 30th September 2022 including earnings per share down to 3.33p, increased net debt and noted continuing macro challenges. However, it also noted various “significant progress” which encourages for the second half of the year and beyond and suggests share price recovery potential.

Trifast – trading “slightly ahead” of its base case assumptions… so why further share price decline?...

Trifast (TRI) has updated that it “is pleased to report that trading… has continued to be slightly ahead of our FY2021 base case assumptions” and “we have a robust balance sheet and are actively pursuing commercial, operational and strategic initiatives that, despite the necessary COVID-19 related caution, will allow us to take advantage of the significant growth opportunities we see”. However, and despite already being down from above 190p in February, the shares are currently slightly further lower below 120p...

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