Touchstone Grp Share Discussion Threads

[rmillaree] 28/9/2023 08:43

Ok 2023 results are out - looks like they have bagged £6 mill extra profit ref prior year sale which is very nice (total disposal profits since 2020 of £23 mill!)

Looks like net tangible assets of over £20 mill now with 7.3 mill shares approx

dividend 15p share

[rmillaree] 24/7/2023 19:03

Note its normally about now that the company release info ref year end accounts - so if you dont have any specific joy keep a close eye here to see if there are any specific offers made by the company soon to buy back more shares. Note news updates can be a double edged sword - all tickty boo if news is good but if news is bad then that would likely reduce peeps wanting to pay as good a price forn your shares.

[bakbjerg] 24/7/2023 18:17

many thanks, email sent

[hindsight] 24/7/2023 18:06

[e-mail]

Should you wish to register your interest in selling, please email [e-mail], confirming the Full Name of the Beneficial Holder; Nominee Name if applicable; Full Address; Phone Number; Email and Number of shares you wish to sell.

[davidosh] 24/7/2023 18:01

I have passed a message through to them for you so will hopefully get an official reply just in case there are others looking to sell still. I will also get you an email address so you can make a direct request

[bakbjerg] 24/7/2023 17:55

Thanks, Any contact details ?
Cant find any such on LinkedIn

[hindsight] 24/7/2023 17:51

You could contact Keith Birch or Chris Butler at Touchstone who maybe able to help

[bakbjerg] 24/7/2023 17:36

Never received offer, although stated is was sent to all shareholders. Would have liked to sell my 6000 shares. Please advice

[hindsight] 17/3/2023 18:45

Guess 30p divi is partly from the cash so maybe the cash plus £2m for the business is the offer ?

[hindsight] 17/3/2023 18:42

Am I correct in thinking the offer is only really the cash they hold ie 8m shares / £16 cash ?

[hindsight] 27/2/2023 11:21

Considering selling at the £2.05, and have expressed my interest
The 30p total dividend is quite impressive

[rmillaree] 30/11/2022 16:07

I got an email today from the company - had missed your post.

Certainly price seems to be slightly closer to fair value than prior offers - its almost as if they read my post 4/8 and went with that plus a smidge on top.

Wont post the contents here unless anyone needs it but it does contain some snippets about eps and current trading.

[davidosh] 23/11/2022 12:43

Just in case any of you missed receiving a notification...

You will shortly be receiving a letter from Touchstone Group Ltd concerning a further share buy-back arrangement that is being considered by the Group Board.

The letter is being sent to all Touchstone shareholders and can also be found at www.touchstone.co.uk/investors-area along with the Group’s latest audited Financial Statements (March 2022).

In summary, the Board are proposing a Share Buyback price of £2.05p per share plus an additional Dividend of 30p payable to all shareholders who are on the Register immediately prior to the Buyback date.

It is important to stress that there is no obligation to sell shares

[davidosh] 03/8/2022 09:20

rmillaree.....I did put the price in the message and that is 15% higher than the last tender price a year ago so thought I was being fair.

I am not selling as I like the dividend but others may need a cash exit so just thought reasonable to mention it here.

[rmillaree] 03/8/2022 08:19

davidosh
Are you aware that the accounts are out and contain information about potential share buybacks - so looks like the company will also be active in that regard. In think if you wnat to be buying shares would be helpful if you gave estimated price you would be willing to pay - that may generate some interest. As shareholder i am in no hurry to sell unless the exit price is decent - i suspect most peeps left are probably in the same boat now. Closer to £2 per share now seems like a decent minimum price to me now - potentially though these could easily be worth £3 a share+ if the trade that is left could be sold at decent multiple. Results very decent and particualr shoutout to Mr Birch as he and other senior peeps not seem to be milking the company excessively which is alwasy a worry as shares delist and plc status goes.

[davidosh] 02/8/2022 15:01

I am certainly prepared to buy shares at £1.50 (last tender was £1.30) if anyone wants to sell their holding. My broker will arrange the transfer

[simso] 14/11/2021 13:31

If anyone has any Touchstone shares and is interested in selling them, please do send me a private message, and we may be able to reach an agreement on a price...a little above what the company was prepared to pay in the last tender.

[davidosh] 31/7/2021 11:28

There is £18m cash on the Balance Sheet, and only 8m shares in issue now (looks about 20% lower than LY)...so well over £2 a share in cash!

Good to sit tight rather than take the tender offer and happy to be kept warm with that dividend yield

[rmillaree] 28/7/2021 18:58

Ok this years results now out now website
I make EPS this year 16p (my est) compared to 19p last year (their quoute)
Its better than those numbers suggest though as the pre tax profit from continuing operations last year was 780k compared to 1.3 mill this year. Basically they have clawed back all the profits lost from the sold unit - oh and there is another 4 mill profit booked rref sale of that unit. Dividend total this year choping 26p and cash in the bank at year end £18 mill.
I await the next tender offer at £1.75 per share.

Chief bod Mr Birch passed state pension age in April - i wander if there are any plans to selloff whats left at some stage to the highest bidder?

[weatherman] 29/6/2021 13:43

Another small software co that went private was Total Systems Plc TTS. Still making small profits, but even harder to sell out of than TSE. I held both, sold TSE maybe too early, but made a good return overall, still hold TTS - hope for a reasonable exit one day.

[rmillaree] 29/6/2021 13:30

Ok Mr Birch has kindly cofnirmed i need to sign up to the followinbg site to manage my
relevant details (including bank account ref divis presumably)

hxxps://www.signalshares.com/welcome
For this you will need your investor code (IVC).

[rmillaree] 28/6/2021 17:52

At the request of the company my broker have transferred my shares out of their online account and sent me my relevant share certificates. Presumably its up to me to go chasing the company to ensure i get my dividend incoem from now on - i have done just that and will advise what the reponse is - not sure if i will get cheque automatically or if they will take my bank details - questio has been asked and i will update as appropiate.

I wander if they will go through the same exercise again ref sharebuybacks to get the share register down again - i get the feeling that the less ahreholderas that are left the easier their life gets - that must be true for at least confirmation statements purposes and the poor bod who needs to sort out the dividend issues.

Hopefully i am not being too preusmptious presuming there may be future divis - hmmmm

[simso] 13/4/2021 21:40

Yes I am also here, and did not accept the offer.

[davidosh] 13/4/2021 19:41

I am still here too. I decided that any buying in of the shares at those low levels should hopefully leave more and even better dividend payments for the rest of us.