Added to YB: 2026-08-07
Pitch date: 2026-08-04
TRI.L [bullish]
Trifast plc
+6%
current return
Author Info
Jaime Bermejo shares investing thoughts and ideas in his newsletter. Sign up for his newsletter.
Company Info
Trifast plc, together with its subsidiaries, designs, engineers, manufactures, and supplies industrial fasteners and category C components in the United Kingdom, Ireland, Sweden, Hungary, Holland, Italy, Germany, Spain, North America, Malaysia, China, Singapore, Taiwan, Thailand, and India.
Market Cap
GBP 108.7M
Pitch Price
GBP 0.80
Price Target
142.00
Dividend
2.36%
EV/EBITDA
6.27
P/E
-110.27
EV/Sales
0.69
Sector
Machinery
Category
turnaround
Trifast (LSE: TRI) - A matter of time
TRI.L: Niche fastener supplier turnaround; new mgmt + Harwood activist (20.5%, buying at 68p) rebuilt margins (EBIT 4.9%→7.9%) & cut net debt £38m→£16m (0.75x). Trades 7.6x EV/EBIT vs Bossard 11.7x. Re-rate to 10x + margin gains + EU auto recovery = ~75%+ upside. Risk: illiquid microcap, shrinking rev.
Read full article (8 min)