Good spot HCD - should stir the pot even more from today. He's also bought CAR, CRE, VLK, HVE and VP. in his portfolio - all ISAble shares which I've got too!
Here's what he says:
"The share is Trifast (TRI) and I bought 9,000 shares this morning at 77.75p. Target 98p Stop 68p. And I also topped that up with £100 spreadbet at 79p.
This is the kind of share I love. Strong profit growth, increased dividends, and even better, a focussed management trying to grow the business.
It's not really attractive to private investors as it makes something that appears a little dull: industrial fasteners! Not exactly something to set the pulse racing is it?
However there appears to be a big demand out there and Trifast is building its businesses by acquisition and increasing its international business. In fact half its profits are generated overseas now.
The share price has been increasing day by day but I think the best is yet to come - my initial target is 98p. I will take a look again then and if it still looks good I'll probably top up at around that mark. Really looks quite lovely and is a nice Xmas present to myself!!"
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