Home » VectorVest » Trifast (TRI) – VectorVest sees excellent fundamentals and a strong technical trend

Trifast (TRI) – VectorVest sees excellent fundamentals and a strong technical trend

VVUKlogoTrifast plc (TRI) is a United Kingdom-based manufacturer and distributor of industrial fastenings. The Company provides design support and problem solving solutions to its customers. The Company designs, manufactures and distributes a range of plastic components, metal fasteners and fixings on a global basis to both distributors and original equipment manufacturer (OEM) assemblers. It has has six manufacturing sites in Asia and one in the United Kingdom; with a global logistics capability from approximately 25 business locations within the United Kingdom, Asia, Europe and the United States.

An opportunity to invest into the Trifast story was identified some time ago by VectorVest. Indeed, Trifast continues to trade well below the VectorVest valuation as it continues to grow earnings both strongly and safely. Earnings potential (RV) is an excellent 1.33 while earnings safety (RS) is also excellent at 1.32. Above 1.3 for each metric on a scale between 0 and 2 on VectorVest is defined as excellent.

The technical position has improved over the last five months with the share breaking northwards from a consolidation pattern that was in force since May 2014. The consolidation is known by the charting subset of technical analysis as an “ascending triangle”. Trifast broke out of the pattern during April 2016 and then came back as is normal to “kiss” the former resistance. The chart of Trifast is shown below.

Trifast chart

Over the last month the share has climbed from 130p to 150p and looks bound towards the 200p level.

At VectorVest we advocate buying safe, undervalued shares, which are rising when the general market is rising. Trifast scores well on the fundamental and technical position of the share but at present the general market is not coming to the party.

In summary Trifast has both excellent fundamentals and a strong technical trend. If and when the Primary Wave on the general London market turns upward, then the share will offer a high probability opportunity.

David Paul

September 21st 2016

PS: Readers can examine the opportunity at Trifast (TRI), and indeed on a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 5-week trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.

FREE! For free VectorVest analysis on any stock, go to this link here

VectorVest Unisearch

On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.

Link here for more info and to set up a trial.

European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com

Leave a comment

I would like to receive Brand Communications updates and news...
Free Stock Updates & News
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.