Trifast’s full-year results were in line with expectations, significantly affected by COVID-related lockdowns in the company’s Q4, with declines in most sectors and regions. Recent months have seen a progressive recovery, but trading remains uncertain. The recent £16m placing effectively gives them a net cash position, removing balance-sheet risk and providing firepower should M&A opportunities arise. With no management guidance, our forecasts are under review.
28 Jul 2020
Trifast - FY results in line, activity increasing post lockdown
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Trifast - FY results in line, activity increasing post lockdown
Trifast plc (TRI:LON) | 75.1 0 0.0% | Mkt Cap: 102.2m
- Published:
28 Jul 2020 -
Author:
David Buxton -
Pages:
6
Trifast’s full-year results were in line with expectations, significantly affected by COVID-related lockdowns in the company’s Q4, with declines in most sectors and regions. Recent months have seen a progressive recovery, but trading remains uncertain. The recent £16m placing effectively gives them a net cash position, removing balance-sheet risk and providing firepower should M&A opportunities arise. With no management guidance, our forecasts are under review.