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Pin to quick picksTrifast Share News (TRI)

Share Price Information for Trifast (TRI)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 71.40
Bid: 71.40
Ask: 73.80
Change: 0.40 (0.56%)
Spread: 2.40 (3.361%)
Open: 71.20
High: 71.40
Low: 71.20
Prev. Close: 71.00
TRI Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: Trifast comes undone; Brent lifts Hunting

Thu, 20th Oct 2022 10:33

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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SMALL-CAP - WINNERS

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Hunting PLC, up 5.8% at 245.5 pence, 12-month range 142.80p-356.50p. The provider of services to the oil and gas industry tracks Brent prices higher. The North Sea benchmark rises above USD93 a barrel mark on Thursday morning from USD90.83 late Wednesday.

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SMALL-CAP - LOSERS

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Luceco PLC, down 8.1% at 68.02p, 12-month range 65.08p-407.55p. The LED lighting manufacturer and distributor hits a 12-month low as it warns its adjusted operating profit for 2022 will come in below previous estimates, at around GBP20-22 million. "Our order book now suggests our distributor customers will destock faster in [the fourth quarter] than we originally expected," Luceco explains. Trading in the third quarter was in line with expectations, with strong cash flow generation.

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International Personal Finance PLC, down 5.8% at 75.0p, 12-month range 71.32p-147.8p. The home credit and digital business says all divisions performed positively in the third quarter, with customer lending up 15%. However, it expects a GBP20 million hit to pretax profit in both 2023 and 2024, should a draft proposal concerning credit caps pass in the Polish parliament.

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Trifast PLC, down 3.6% at 16.2p, 12-month range 16p-35p. The industrial fastenings firm expects underlying profit in year ending March 31 to be around 10% below market consensus, which is around GBP16.3 million for adjusted pretax profit. The underperformance is due to short-term headwinds from ongoing inflationary pressures, and some "tactical growth investment". Revenue for the half year ended September 30 will be ahead of the previous year, at around GBP120 million compared to GBP103.7 million.

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By Elizabeth Winter; elizabethwinter@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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