Ankündigung • May 02
Trifast plc Provides Group Financial Guidance for the Year Ended 31 March 2026; Provides Revenue Guidance for the Fiscal Year 2027 Trifast plc provided group financial guidance for the year ended 31 March 2026. For the year, Group EBIT margins are expected to improve to approximately 7.8% (2025: 6.7%) reflecting the ongoing impact of self-help actions, including inventory discipline and the sale of excess and obsolete stock.
As a result of the closure of the Malaysian manufacturing operation and on-going conflicts in the Middle East, fiscal year 2027 revenue will be reduced by £8.0 million. Ankündigung • Apr 29
Trifast plc to Report Fiscal Year 2026 Results on Jul 02, 2026 Trifast plc announced that they will report fiscal year 2026 results at 6:00 AM, Coordinated Universal Time on Jul 02, 2026 Recent Insider Transactions • Mar 30
Non-Executive Director recently bought UK£896k worth of stock On the 26th of March, Nicholas Harwood Mills bought around 2m shares on-market at roughly UK£0.60 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£1.1m more in shares than they have sold in the last 12 months. New Risk • Mar 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (209% payout ratio). Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Recent Insider Transactions • Feb 18
CEO & Director recently bought UK£99k worth of stock On the 16th of February, Iain Percival bought around 124k shares on-market at roughly UK£0.80 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Iain's only on-market trade for the last 12 months. Reported Earnings • Nov 24
First half 2026 earnings released: EPS: UK£0.011 (vs UK£0.01 in 1H 2025) First half 2026 results: EPS: UK£0.011 (up from UK£0.01 in 1H 2025). Revenue: UK£105.8m (down 7.1% from 1H 2025). Net income: UK£1.46m (up 9.0% from 1H 2025). Profit margin: 1.4% (up from 1.2% in 1H 2025). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Declared Dividend • Nov 20
First half dividend of UK£0.006 announced Dividend of UK£0.006 is the same as last year. Ex-date: 5th March 2026 Payment date: 10th April 2026 Dividend yield will be 2.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (208% earnings payout ratio). However, it is well covered by cash flows (26% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 131% to bring the payout ratio under control. EPS is expected to grow by 264% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Ankündigung • Nov 19
Trifast plc Declares Interim Dividend for the Six Months Ended 30 September 2025, Payable on April 10, 2026 Trifast plc has declared an interim dividend of 0.60 pence per share for the six months ended 30 September 2025 (HY2025: 0.60 pence per share) which will be paid on 10 April 2026 to members on the register as at 6 March 2026. New Risk • Oct 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (233% payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Ankündigung • Sep 11
Trifast plc to Report First Half, 2026 Results on Nov 18, 2025 Trifast plc announced that they will report first half, 2026 results on Nov 18, 2025 Upcoming Dividend • Sep 04
Upcoming dividend of UK£0.012 per share Eligible shareholders must have bought the stock before 11 September 2025. Payment date: 10 October 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.2%. Lower than top quartile of British dividend payers (5.6%). In line with average of industry peers (2.3%). Declared Dividend • Jul 13
Final dividend of UK£0.012 announced Dividend of UK£0.012 is the same as last year. Ex-date: 11th September 2025 Payment date: 10th October 2025 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (233% earnings payout ratio). However, it is well covered by cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 159% to bring the payout ratio under control. EPS is expected to grow by 238% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Jul 11
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: UK£0.008 (up from UK£0.033 loss in FY 2024). Revenue: UK£223.5m (down 4.4% from FY 2024). Net income: UK£1.04m (up UK£5.48m from FY 2024). Profit margin: 0.5% (up from net loss in FY 2024). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Ankündigung • Jun 30
Trifast plc, Annual General Meeting, Sep 11, 2025 Trifast plc, Annual General Meeting, Sep 11, 2025. Ankündigung • Jun 27
Trifast plc to Report Fiscal Year 2025 Results on Jul 10, 2025 Trifast plc announced that they will report fiscal year 2025 results at 6:00 AM, Coordinated Universal Time on Jul 10, 2025 Recent Insider Transactions • Mar 26
Non-Executive Director recently bought UK£102k worth of stock On the 21st of March, Nicholas Harwood Mills bought around 153k shares on-market at roughly UK£0.67 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£268k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 25
First half 2025 earnings released: EPS: UK£0.01 (vs UK£0.012 in 1H 2024) First half 2025 results: EPS: UK£0.01 (down from UK£0.012 in 1H 2024). Revenue: UK£113.9m (down 3.2% from 1H 2024). Net income: UK£1.34m (down 14% from 1H 2024). Profit margin: 1.2% (down from 1.3% in 1H 2024). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Nov 24
Non-Executive Director recently bought UK£161k worth of stock On the 19th of November, Nicholas Harwood Mills bought around 203k shares on-market at roughly UK£0.79 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£415k more in shares than they have sold in the last 12 months. Declared Dividend • Nov 21
First half dividend of UK£0.006 announced Dividend of UK£0.006 is the same as last year. Ex-date: 6th March 2025 Payment date: 10th April 2025 Dividend yield will be 2.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (14% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Ankündigung • Nov 20
Trifast plc Declares Interim Dividend, Payable on April 10,2025 Trifast plc has declared an interim dividend of 0.60 pence (HY2024: 0.60 pence) which will be paid on 10 April 2025 to members on the register as at 7 March 2025. Ankündigung • Oct 22
Trifast plc to Report First Half, 2025 Results on Nov 19, 2024 Trifast plc announced that they will report first half, 2025 results on Nov 19, 2024 Ankündigung • Sep 11
Trifast plc Approves Final Dividend, Payable on October 11, 2024 Trifast plc approved a final dividend of 1.20 pence per share will be paid on 11 October 2024 to Members on the register at the close of business on 13 September 2024. The ordinary shares will become ex-dividend on 12 September 2024. Upcoming Dividend • Sep 05
Upcoming dividend of UK£0.012 per share Eligible shareholders must have bought the stock before 12 September 2024. Payment date: 11 October 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (5.5%). In line with average of industry peers (2.3%). Recent Insider Transactions • Aug 08
Key Executive recently bought UK£88k worth of stock On the 6th of August, Iain Percival bought around 114k shares on-market at roughly UK£0.77 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Iain has been a buyer over the last 12 months, purchasing a net total of UK£187k worth in shares. Reported Earnings • Jul 30
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: UK£0.033 loss per share (further deteriorated from UK£0.021 loss in FY 2023). Revenue: UK£233.7m (down 4.4% from FY 2023). Net loss: UK£4.44m (loss widened 55% from FY 2023). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Ankündigung • Jul 30
Trifast plc Proposes Final Dividend for the Fiscal Year Ended March 31, 2024, Payable on 11 October 2024 The Board of Trifast plc proposed the final dividend at 1.20 pence for the fiscal year ended March 31, 2024 (fiscal year 2023: 1.50 pence). The final dividend, subject to shareholder approval at the AGM, will be paid on 11 October 2024 to shareholders on the register at the close of business on 13 September 2024. The ordinary shares will become ex-dividend on 12 September 2024. Buy Or Sell Opportunity • Jul 02
Now 48% overvalued after recent price rise Over the last 90 days, the stock has risen 1.4% to UK£0.72. The fair value is estimated to be UK£0.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 19
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 1.4% to UK£0.71. The fair value is estimated to be UK£0.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 04
Now 20% overvalued Over the last 90 days, the stock has fallen 8.4% to UK£0.69. The fair value is estimated to be UK£0.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making. Ankündigung • Apr 26
Trifast plc to Report Fiscal Year 2024 Results on Jul 04, 2024 Trifast plc announced that they will report fiscal year 2024 results on Jul 04, 2024 Ankündigung • Mar 12
Trifast plc Announces Management Changes Trifast announced the Board appointment of Laura Whyte as a Non-Executive Director and Chair of the Remuneration Committee effective from 11 March 2024. Laura, having worked in a number of organizations within the listed, private and charitable sectors, is an experienced operational and non-executive director with a strong focus on brand, customer and workforce engagement and ESG. Prior to building her NED portfolio Laura spent her executive career within the John Lewis Partnership and held various senior management roles including being a member of the John Lewis Management Board; in her last six years at the Partnership, she was HR Director and held the brief for Internal Communications. Laura's other listed non-executive appointments include the UK property REIT, Capital and Regional plc and Macfarlane Group plc, leading designers and manufacturers of protective packaging through its distribution channels in the UK, Ireland and Europe. She is also a Trustee and at The Royal Naval College, Greenwich. As previously announced on 12 October 2023, Claire Balmforth informed the Board of her intention to step down and retire from the Company once a suitable candidate has been appointed. Following Laura's appointment, it has been agreed that after a short transition period Claire will retire at the end of the current financial year ending 31 March 2024. Current directorships: 2022: Non-Executive Director, Macfarlane Group plc (Chair of the Remuneration Committee; member of the Audit and Nominations Committees; designated NED Workforce Engagement), 2015: Non-Executive Director, Capital and Regional plc (Chair of the Remuneration Committee; and member of the Audit and Nominations Committees; designated NED Workforce Engagement). Previous Directorships and advisory roles: 2018-2022: Non-Executive Director, Chair of XL Vets UK Ltd, 2014-2023: Non-executive director, British Horseracing Authority, 2014-2021: Non-Executive Director, The Ministry of Defence, 2013-2017: Trustee The Ebony Horse Club, 2013-2016: Non-Executive Director, The British Equestrian Federation, 2011-2018: Executive Trustee, Women in Retail, 2007 - 2014: Founding Chair & Trustee, John Lewis Foundation. Ankündigung • Feb 28
Trifast plc, Annual General Meeting, Sep 10, 2024 Trifast plc, Annual General Meeting, Sep 10, 2024, at 10:00 Coordinated Universal Time. Ankündigung • Jan 23
Trifast plc Revised Earnings Guidance for the Year Ending March 31, 2024 Trifast plc revises earnings guidance for the year ending March 31, 2024. For the year, the Board now expects that the Group's results to be significantly below its previous expectations, with revised revenue at c.£230 million. New Risk • Jan 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (9.0% average weekly change). Ankündigung • Dec 15
Trifast plc Announces Retirement Claire Balmforth as Non Executive Director On 12 October 2023, Trifast announced via the regulatory news service that Claire Balmforth (Non-Executive Director and Chair of the Remuneration Committee) had informed the Company that she intended to retire from Board on 31 December 2023. The Company has commenced a search to recruit a suitable replacement NED, however his process is not likely to complete before the end of 2023. Consequently, Ms. Balmforth has agreed to remain on the Trifast Board until such time as an appointment is made and, there has been a sufficient handover period effected. Recent Insider Transactions • Dec 03
CEO & Director recently bought UK£99k worth of stock On the 30th of November, Iain Percival bought around 130k shares on-market at roughly UK£0.76 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Iain's only on-market trade for the last 12 months. Reported Earnings • Nov 23
First half 2024 earnings released: EPS: UK£0.012 (vs UK£0.019 in 1H 2023) First half 2024 results: EPS: UK£0.012 (down from UK£0.019 in 1H 2023). Revenue: UK£117.6m (down 2.2% from 1H 2023). Net income: UK£1.56m (down 38% from 1H 2023). Profit margin: 1.3% (down from 2.1% in 1H 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Ankündigung • Nov 21
Trifast plc Has Declares Interim Dividend, Payable on 11 April 2024 Trifast plc has declared an interim dividend of 0.60 pence (HY2023: 0.75 pence) which will be paid on 11 April 2024 to members on the register as at 15 March 2024. Board Change • Oct 26
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Louis Leslie Eperjesi was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Ankündigung • Oct 20
Trifast plc Announces Appointment of Nicholas Mills as A Non-Executive Director , Effective from October 20, 2023 Trifast plc announced appointment of Nicholas Mills as A Non-Executive Director, effective from October 20, 2023. Age is 33. Nicholas is a fund manager and director of Harwood Capital LLP, who are a 6.21% shareholder in the Company. Having attained a BSc. in the US in 2013 from Boston College, Carroll School of Management, MA, he started his career with Gabelli Asset Management in New York where, over a five-year period he gained a wealth of experience covering equity research, investments, merger arbitrage strategies and marketing Closed End Funds. In 2019 Nicholas returned to the UK to join Harwood Capital. Current directorships: October 2009 Growth Financial Services Limited: Director, January 2019 - Harwood Capital LLP - Director and Fund Manager, September 2021 - Harwood Capital Management (Gibraltar) Limited - Director, January 2019 - 62 Pont Street (Freehold) Limited - Director, December 2021 - North Atlantic Investment Services Limited - Director. September 2020 - Hargreaves Services plc - Non-executive Director, November 2020 - NOIX Group plc (formerly Circassia Group PLC) - Non-executive Director. Past directorships: 2022-2023 Crestchic Plc (formerly Northbridge Industrial Services plc) - Non-executive Director. Ankündigung • Oct 12
Trifast plc Announces Retirement of Claire Balmforth as Non-Executive Director and Chair of the Remuneration Committee Non-Executive Director and Chair of the Remuneration Committee, Claire Balmforth, who joined Trifast in April 2020 has informed the Board of her intention to retire from the Company, effective from 31 December 2023. The Company has initiated a process to identify a suitable replacement for Ms Balmforth, and a further announcement will be made in due course. Ankündigung • Oct 05
Trifast plc to Report First Half, 2024 Results on Nov 21, 2023 Trifast plc announced that they will report first half, 2024 results on Nov 21, 2023 Board Change • Sep 21
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Louis Leslie Eperjesi was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Ankündigung • Sep 17
Trifast plc Appoints Iain Percival as Chief Executive Officer, Effect from 20 September 2023 Trifast plc announced that Iain Percival is to be appointed Chief Executive Officer and will join the Main Board with effect from 20 September 2023. Iain holds a BSc (Hons) Mechanical Engineering degree and, over a 30-year career he has worked in divisional leadership positions within a number of international manufacturing businesses. An experienced industrialist Iain has also gained significant experience within transformational change environments with a key focus on cost down, supply chain productivity initiatives, effective supply chain management and manufacturing efficiencies. Between 2017-2021 Iain was Divisional Chief Executive atEssentra Packaging,part of Essentra plc, a FTSE250 company. Within this role he led the transformation and M&A strategy which resulted in this division achieving a return to growth and becoming a successful leading player in its sector. Between 2004-2016 he spent twelve years withRexam PLCwhere he held seniorroles within three of its divisions before being appointed divisional CEO of the Beverage Cans business in Europe; during 2013-2016, he strategically reshaped the business focus and delivered top line growth through a mix of volume recovery and market share. Under his stewardship all these businesses delivered value to the parent company and stakeholders. Prior to this, he spent 10 years in purchasing roles withToyota Motor Europe. Ankündigung • Sep 15
Trifast plc Announces Directorate Change Trifast plc announced that Jonathan Shearman will, after 14 years of service to the Company, step down and retire from the Board at the close of business on 14 September 2023. Serena Lang who joined the Trifast Board as a Non-executive Director and Chair elect on 10 August 2023 will assume her role with immediate effect. Serena's executive career spans more than 20 years across multi-sector industries both in the UK and internationally. Her skills and understanding of commercial business, at varying stages of growth covering strategy, transformation and M&A will enhance the Trifast team's capabilities. The Board and senior management team look forward to working with Serena in her Non-executive Chair role as it continues to focus on the future, to deliver its growth strategy and, taking the business through the next phase of development. Ankündigung • Aug 10
Trifast plc Announces Board Changes The Board of Trifast plc reported that the process for the Non-Executive Director/Chair elect has been completed and that with effect from 10 August 2023, Serena Lang will be appointed to the Board as a Non-Executive Director/Chair elect. Serena is an experienced FTSE Chair and Board member. Her Executive career spanning more than 20 years across multi-sector industries both in the UK and internationally has allowed Serena to develop her skills and understanding of commercial business, at varying stages of growth covering strategy, transformation and M&A. Before joining industry Serena completed an MBA; she joined Capgemini (formerly Ernst & Young) where, between 2000-2003 she led strategic and transformation projects for major corporations, including BP. From 2003-2007 Serena worked for BP plc and was recognised as one of its top 100 employees. She then spent five years with Invensys plc (2008-2013) where she held senior management roles including managing the BP account and then as Regional Chief Executive, North West Europe & Africa (2009-2011). Over this period of her career Serena developed, collaborated and implemented a number of successful transformational growth strategies including global effectiveness & efficiencies initiatives that delivered growth whilst improving the customer proposition, product portfolio and supply chain overall. Since 2015 Serena has developed significant Board experience both within the private and plc arena. She joined Eleco plcand was part of the team that oversaw management succession and its transition to a SaaS business. Over a nine-year tenure she held the roles of Non-Executive Director, SID and Chair of the PLC Board, until May 2023 when she stepped down from her role. Serena's current Non-Executive Directorships include; Henry Boot PLCand Ainscough Crane Hire Limited. Jonathan Shearman, the current Chair will step down from the Board on 14 September 2023 with Serena taking over as Chair from this date. Consequently, as he is not now seeking re-election at the 2023 Annual General Meeting, Resolution 5 contained in the Notice of Meeting, published on 18 July 2023 has been withdrawn. Ankündigung • Jul 12
Trifast plc, Annual General Meeting, Sep 15, 2023 Trifast plc, Annual General Meeting, Sep 15, 2023, at 10:30 Coordinated Universal Time. Location: Peel Hunt LLP, 100 Liverpool Street London United Kingdom Reported Earnings • Jul 12
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: UK£0.021 loss per share (down from UK£0.066 profit in FY 2022). Revenue: UK£244.4m (up 12% from FY 2022). Net loss: UK£2.87m (down 132% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Ankündigung • Jun 09
Trifast plc to Report Fiscal Year 2023 Results on Jul 11, 2023 Trifast plc announced that they will report fiscal year 2023 results on Jul 11, 2023 Board Change • Mar 10
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Chairman Jonathan Paul Shearman is the most experienced director on the board, commencing their role in 2009. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Feb 21
Consensus EPS estimates fall by 34% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from UK£0.067 to UK£0.044 per share. Revenue forecast steady at UK£243.0m. Net income forecast to grow 10% next year vs 8.3% growth forecast for Machinery industry in the United Kingdom. Consensus price target down from UK£1.36 to UK£1.20. Share price fell 29% to UK£0.62 over the past week. Price Target Changed • Feb 20
Price target decreased by 11% to UK£1.26 Down from UK£1.42, the current price target is an average from 6 analysts. New target price is 101% above last closing price of UK£0.63. Stock is down 55% over the past year. The company is forecast to post earnings per share of UK£0.051 for next year compared to UK£0.066 last year. Reported Earnings • Nov 23
First half 2023 earnings released: EPS: UK£0.019 (vs UK£0.032 in 1H 2022) First half 2023 results: EPS: UK£0.019 (down from UK£0.032 in 1H 2022). Revenue: UK£120.2m (up 16% from 1H 2022). Net income: UK£2.50m (down 43% from 1H 2022). Profit margin: 2.1% (down from 4.2% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 11
Price target decreased to UK£1.42 Down from UK£1.54, the current price target is an average from 6 analysts. New target price is 134% above last closing price of UK£0.61. Stock is down 57% over the past year. The company is forecast to post earnings per share of UK£0.07 for next year compared to UK£0.066 last year. Upcoming Dividend • Sep 08
Upcoming dividend of UK£0.014 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (2.3%). Reported Earnings • Jul 28
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: UK£0.066 (up from UK£0.043 in FY 2021). Revenue: UK£218.6m (up 16% from FY 2021). Net income: UK£8.98m (up 55% from FY 2021). Profit margin: 4.1% (up from 3.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Over the next year, revenue is forecast to grow 6.9%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 21% per year. Price Target Changed • Jul 26
Price target decreased to UK£1.54 Down from UK£1.65, the current price target is an average from 7 analysts. New target price is 65% above last closing price of UK£0.93. Stock is down 34% over the past year. The company is forecast to post earnings per share of UK£0.059 for next year compared to UK£0.043 last year. Price Target Changed • May 09
Price target decreased to UK£1.65 Down from UK£1.83, the current price target is an average from 7 analysts. New target price is 63% above last closing price of UK£1.01. Stock is down 34% over the past year. The company is forecast to post earnings per share of UK£0.059 for next year compared to UK£0.043 last year. Price Target Changed • May 05
Price target decreased to UK£1.73 Down from UK£1.89, the current price target is an average from 7 analysts. New target price is 76% above last closing price of UK£0.98. Stock is down 36% over the past year. The company is forecast to post earnings per share of UK£0.059 for next year compared to UK£0.043 last year. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 20% share price decline to UK£1.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Machinery industry in the United Kingdom. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£0.99 per share. Reported Earnings • Nov 24
First half 2022 earnings: EPS and revenues exceed analyst expectations First half 2022 results: EPS: UK£0.032 (up from UK£0.015 in 1H 2021). Revenue: UK£103.8m (up 28% from 1H 2021). Net income: UK£4.41m (up 127% from 1H 2021). Profit margin: 4.2% (up from 2.4% in 1H 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%. Earnings per share (EPS) surpassed analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 4.3%, compared to a 13% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 09
Upcoming dividend of UK£0.016 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 15 October 2021. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (3.9%). Lower than average of industry peers (1.4%). Price Target Changed • Jul 22
Price target increased to UK£1.89 Up from UK£1.75, the current price target is an average from 7 analysts. New target price is 44% above last closing price of UK£1.31. Stock is up 11% over the past year. Reported Earnings • Jun 23
Full year 2021 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: UK£188.2m (down 6.0% from FY 2020). Net income: UK£5.79m (up UK£6.03m from FY 2020). Profit margin: 3.1% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Price Target Changed • Jun 12
Price target increased to UK£1.75 Up from UK£1.63, the current price target is an average from 6 analysts. New target price is 19% above last closing price of UK£1.47. Stock is up 14% over the past year. Recent Insider Transactions Derivative • Mar 15
CFO & Executive Director exercised options and sold UK£78k worth of stock On the 12th of March, Clare Foster exercised options to acquire 60k shares at no cost and sold these for an average price of UK£1.29 per share. This trade did not impact their existing holding. Since June 2020, Clare's direct individual holding has increased from 59.85k shares to 88.89k. Company insiders have collectively sold UK£76k more than they bought, via options and on-market transactions in the last 12 months. Is New 90 Day High Low • Feb 23
New 90-day low: UK£1.34 The company is down 6.0% from its price of UK£1.43 on 24 November 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.15 per share. Reported Earnings • Nov 25
First half 2021 earnings released: EPS UK£0.015 The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: UK£81.0m (down 21% from 1H 2020). Net income: UK£1.94m (down 68% from 1H 2020). Profit margin: 2.4% (down from 5.8% in 1H 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 05
New 90-day high: UK£1.28 The company is up 19% from its price of UK£1.07 on 07 August 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.94 per share. Is New 90 Day High Low • Oct 21
New 90-day high: UK£1.20 The company is up 2.0% from its price of UK£1.18 on 23 July 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.93 per share. 
