4 October 2013 – trading update
A slightly disappointing trading update has been issued by the tube manipulation specialist Tricorn for the six months to 30 September. Although revenues are expected to be 15% higher than the same period last year further investment in both the US and China means that pre-tax profits will fall slightly below expectations. Nevertheless, although this is disappointing the group is establishing a platform on which it can grow going forward and today’s price fall represents a buying opportunity. BUY.