Make your money go further for just 25p per day

Tricorn Group plc (AIM: TCN) £10m agreement offers a much needed boost

17/12/2014 · Tricorn Group (TCN) 

The AIM listed tube manipulation specialist has announced a 5 year Long Term Agreement with a major British construction equipment manufacturer which is expected to generate approximately £10m of revenue for the Group

The agreement is to supply rigid tube assemblies used in high pressure hydraulic applications. The Group’s subsidiary Maxpower Automotive UK will invest approximately £250k in additional manufacturing capability at its facility at West Bromwich to support the contract.
Tricorn has had a tough year pushing the market cap down to a lowly £4m. This belies the size of a business which had full year revenues of £21m for the year ending March 2014, albeit…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

Have your say

Log in or register to view or add comments.

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Tricorn Group

Coronavirus impact: 23 June - a bonkers valuation of the week is even worse than we expected

23/06/2020 · Company Insights

A big day of results included the good, bad and ugly from Scapa Group, a previous winner…


Tricorn Group (AIM:TCN) reassuring update, an opportunity?

07/10/2015 · Company Insights
The tube manipulation specialist offered a reassuring trading update for the six months ended 30 September…

More Company Insights

Bonkers Bargain: Superdry is looking much more promising

06/05/2021 · Superdry

ESG financing facility first of many

​Stonking Small Caps: disrupting an aged profession

06/05/2021