As already announced, record FY17 profits have exceeded management expectations and growth was delivered with a strong cash performance and a sharp rise in the dividend. We have increased our EPS estimates marginally for 2018 with restrained growth expectations. As Trifast continues to deliver on its strategy, the 10% rating discount to peers should moderate.
20 Jun 2017
Good momentum in fasteners
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Good momentum in fasteners
Trifast plc (TRI:LON) | 74.6 0.1 0.3% | Mkt Cap: 101.5m
- Published:
20 Jun 2017 -
Author:
Andy Chambers -
Pages:
8
As already announced, record FY17 profits have exceeded management expectations and growth was delivered with a strong cash performance and a sharp rise in the dividend. We have increased our EPS estimates marginally for 2018 with restrained growth expectations. As Trifast continues to deliver on its strategy, the 10% rating discount to peers should moderate.