Trifast tumbles despite surging sales
16th Feb 2011 11:37
Industrial fastenings firm Trifast says it is still on course to make good progress this year despite the headwinds of increased freights costs and unfavourable exchange rate movements. The shares took a knock, however, dipping as low as 38p at one stage on Wednesday, down 8.75p on the day, before
Read moreNew FD buys M&S shares
23rd Nov 2010 16:43
New finance director Alan Stewart has bought his first shares in Marks & Spencer. Stewart, who took up his new role in October, has bought 10,000 shares at 375.44p each - a total cost of £37,544. Stewart has previously been finance director of WH Smith, aircraft leasing company AWAS and Thomas Co
Read moreArden upgrades Trifast
16th Nov 2010 14:33
Trifast's interim figures have prompted house broker Arden to increase its full year profit forecast. Arden has moved its 2010-11 profit forecast from £3m to £3.5m, and its 2011-12 forecast from £3.8m to £4m. Even though trading is better than expected fasteners manufacturer and distributor Trif
Read moreWednesday tips round-up: Petra Diamonds, Minerva, Sportingbet...
22nd Sep 2010 06:58
There is no doubt that the diamond market is recovering. Full-year results from Petra Diamonds underscored that the recovery in its markets was real. The shares are trading on June 2011 earnings multiple of 17.3, falling to 10.5 next year. There are only 20 or so large diamond mines in the world an
Read moreSmall caps round-up: Mwana Africa, Goldplat, Roxi...
10th Aug 2010 10:34
Ambrian has started coverage of pan-African resources firm Mwana Africa with a 'buy' stance and risked net asset value of 30p a share. That follows an audited resource and reserve that the company says confirms the economic viability of its plan to restart the Trojan mine. Now that the report is c
Read moreBarton adds to C&W Worldwide stake
20th Jul 2010 16:36
Cable & Wireless Worldwide's deputy chairman has taken advantage of the share price slump following the telecoms services provider's profit warning. John Barton and his wife Anne have each bought 25,000 shares at 69.2p each. The total investment was £34,600. He bought 50,000 shares in March at 9
Read moreTrifast reduces FY losses
16th Jun 2010 07:40
Industrial fastener and components group Trifast said it reduced full year losses by 75% as it outlined several board changes. The group posted a pre-tax loss of £2.8m in the year ended 31 March 2010 compared to a loss of just under £11m the year before. Revenue for the year fell to £85.94m from £1
Read moreTrifast FY10 Losses -75%, Makes Several Board Appointments
16th Jun 2010 07:27
LONDON (Dow Jones)--Trifast PLC (TRI.LN), a manufacturer and distributor of industrial fastenings to the assembly industries, Wednesday reported a 75% decline in pretax loss for fiscal 2010 and strengthened its main board with several appointments. MAIN FACTS: -Revenue for the year ended Mar
Read morePersimmon's Jonathan Davie lays foundations
5th Mar 2010 16:23
Persimmon non-executive Jonathan Davie started building a stake in the housebuilder with the purchase of £42,000 in shares. Davie, who was appointed to the board on January 1, bought 10,000 shares at 419.9p a time. His purchase comes soon after the company said it completed 8,976 house sales last
Read moreSmall cap round -up: Immunodiagnostics, MDM, Pilat...
30th Nov 2009 12:06
Booming demand for its Vitamin D testing kits nearly trebled Immunodiagnostic's interim profits with the group reporting equally strong trading into the second half of the year. Revenue rose by up 56% to £16.9m (2008: £10.8m) with pre-tax profit up 188% to £4.6m (2008: £1.6m). "Traditionally the re
Read moreTrifast non-exec spends £21,500
24th Jun 2009 17:29
Trifast announced today that senior independent non-executive director Neil Chapman spent £21,500 on shares in the industrial fastener and components group. Chapman bought 100,000 shares at a price of 21.5p each on 17 June, the same day Trifast binned its final dividend in view of difficult tradin
Read moreTrifast dumps dividend
17th Jun 2009 09:05
Industrial fastener and components group Trifast has binned its final dividend in view of difficult trading conditions and the need to conserve cash. The company, which issued a profit warning in February and saw its chairman and chief executive quit in March, suffered a pre-tax loss of £11m in the
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