Simon Thompson 

Engineering gains

Simon Thompson

Simon Thompson
Engineering gains

In late spring, I felt it was prudent to partly bank gains on a number of the small-caps I follow on valuation grounds. The list included Trifast (TRI:207p), a small-cap manufacturer and distributor of industrial fastenings with operations in 17 countries across Europe, Asia and North America ('Hitting target prices', 2 May 2017). It has proved to be a fantastic investment: having first recommended buying at 53p in my 2013 Bargain Shares portfolio, the holding was showing a 332 per cent gain, including dividends, when I advised top-slicing at 223p.

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