ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

TST Touchstar Plc

88.00
0.50 (0.57%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Touchstar Plc LSE:TST London Ordinary Share GB00BD9YDB55 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.57% 88.00 44,570 16:35:05
Bid Price Offer Price High Price Low Price Open Price
85.00 90.00 87.50 87.50 87.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 6.74M 558k 0.0678 12.91 7.2M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:05 O 25,000 85.625 GBX

Touchstar (TST) Latest News

Touchstar (TST) Discussions and Chat

Touchstar Forums and Chat

Date Time Title Posts
24/4/202411:20Touchstar Technologies Ltd2,290
11/2/202307:18Test 4
14/1/201414:11TEST THREAD PLEASE IGNORE32
17/8/201320:15dgfdfgdfgdfgdg6
24/9/201216:35Test thread5

Add a New Thread

Touchstar (TST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-24 17:19:3385.6325,00021,406.25O
2024-04-24 15:35:0588.009,9008,712.00UT
2024-04-24 07:19:3185.757,0236,022.22O
2024-04-24 07:16:0286.002,6472,276.42O

Touchstar (TST) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Touchstar Daily Update
Touchstar Plc is listed in the Electronic Components, Nec sector of the London Stock Exchange with ticker TST. The last closing price for Touchstar was 87.50p.
Touchstar currently has 8,225,077 shares in issue. The market capitalisation of Touchstar is £7,196,942.
Touchstar has a price to earnings ratio (PE ratio) of 12.91.
This morning TST shares opened at 87.50p
Posted at 18/4/2024 07:44 by rivaldo
WH Ireland's 140p valuation seems reasonable and probably conservative imo.

With a cash pile of 37p per share, and 10p EPS forecast this year, a 140p share price would put TST on an ex-cash P/E of only 10.3.

Given this record of PBT and EPS I'd say even that multiple is perfectly reasonable.

And the PEG is just 0.28, which is ludicrously cheap:

2021 - £0.2m PBT
2022 - £0.4m PBT
2023 - £0.7m PBT
2024 - £1.0m PBT (forecast)

And for EPS:

2021 - 4.0p
2022 - 6.6p
2023 - 7.6p
2024 - 10.0p (forecast)
Posted at 17/4/2024 17:59 by cocker
Shareprophets have a piece on TST today. Improved financial performance and yet share price down 6 percent today, Why?
Posted at 17/4/2024 10:46 by kinwah
TST has always been illiquid and the share buybacks don't help that. It's just a matter of time before an acquirer crunches the numbers and offers an acceptable price. It's probably the right time for the two largest shareholders who together hold about 22% of the company to cash in their chips. TST is just too small to be a standalone quoted company.
Posted at 17/4/2024 10:03 by rivaldo
WH Ireland have increased this year's forecast to 10p EPS (up from 8.7p EPS).

PBT is at £1m, up from last year's £0.7m.

The dividend is also increased to 2.75p (from 2p).

The cash pile is forecast at £3.1m, from £3.4m due to the raised dividend and likely further £300k of share buybacks.

You have to assume that WHI would have been guided by TST in publishing these numbers, and IM is generally pretty cautious in his assessments.

There may have been a few short-term traders exiting who bought in the last few days, and TST's volatility is obvious in the small number of shares traded against today's drop. Certainly short-termers might look at the order book and possible H2 weighting as reasons for doubt.

But overall TST looks in fine fettle imo given the macro climate, and well backed against a derisory £7m m/cap given its high recurring income and £3m cash pile.
Posted at 17/4/2024 07:31 by rivaldo
Today's results reflect TST's excellent value, with PBT up 60% to £675k, 7.63p EPS, a 2.5p dividend and a £3m cash pile equivalent to 37p per share.

If you strip out the cash, then TST are on a historic P/E of just 7.6.

Most importantly, TST have confirmed that 2024 has "started to plan" and "expectations are unchanged", so WH Ireland will presumably reiterate their forecast of an increased 8.7p EPS for this year.

Plus the £3m cash pile is actually understated given some customer payments received in early January 2024 and a delayed customer go-live date deferred until 2024 (which will presumably also help 2024 revenues).
Posted at 22/3/2024 18:25 by smithie6
Does TST provide any vehicle tracking units in co-operation with vehicle insurance companies (as TRAK does) ?
So vehicles can pay insurance based on the number of miles they do etc, & younger drivers can perhaps be monitored to ensure they drive in a prudent manner (monitoring speed, change of speed & revs), or pay a cheaper insurance price if they drive prudently.

I hadn't realised or didn't think that TST competed in that sector.

The TST business in the fuel delivery sector is, for example, completely different than what TRAK do imo. And TST operates in other sectors as well. TST is giving a recommended route to the driver for a number of deliveries & recording the quantity delivered at each location & feeding that into the data system & initiating/doing the billing process for each deliver & automating a lot of the process.
As far I see it is very different than what TRAK are doing.
Posted at 12/3/2024 09:21 by smithie6
Post 2231 from Rivaldo

An excellent summary imo.

I especially liked this text.
(The +40% PBT envisaged for 2024, good info, I didn't know that)

"Further, TST managed to raise margins such that PBT increased 60% and is expected to increase another 40% this year, to give a £1m PBT against an £8m m/cap.

TST are now on an ex-cash P/E of just 7.0 for this year. Jim Slater's PEG is only 0.48.

These indicate that TST is now on a bargain valuation"

======

But !

£1m PBT for 2024 should imo be PAT & not PBT, after adding in the expected tax credit.

----

I make the 'real' nett assets ~£5m (since I count the intangible assets as a real value since those assets produce real profits, recurring revenue & the hardware designs have real value imo)
Giving an enterprise value of ~£3m.
With £1m PAT pencilled in for 2024 it makes the shares/company look very cheap. And hence a takeover target imo.
Possible buyers
- Zebra (USA)
- Journeo (UK). Lse:jneo
- any European competitors

But probably best if TST keeps going as it is & keeps growing & give time for the opportunities (USA & Europe) to be delivered. (Some existing contracts are with big companies with operations outside of the UK, hopefully those clients will, over time, wants Touchstar kit on their installations outside of the UK as well as in the UK (tomorrow I might try to look back at past contracts won to see the links/opportunities/wins outside of the UK).
Posted at 12/3/2024 09:04 by rivaldo
Smithie6, the paragraph you quote in 2229 was entirely my own work, not from WHI!

On this occasion (not always!) I'm fully in agreement with Smithie6.

TST is a transformed company, with rising sales, profits, a £3m+ cash pile, new software and other products now commercialised, substantial recurring revenues, international sales prospects and a vision led by an experienced Chairman.

Plus a very positive outlook statement for this year.

The 7% sales increase last year is pretty creditable imo given the macro situation which left many, many companies issuing profit warnings.

Further, TST managed to raise margins such that PBT increased 60% and is expected to increase another 40% this year, to give a £1m PBT against an £8m m/cap.

TST are now on an ex-cash P/E of just 7.0 for this year. Jim Slater's PEG is only 0.48.

These indicate that TST is now on a bargain valuation.
Posted at 11/3/2024 08:36 by rivaldo
WH Ireland have raised their valuation for TST to 140p (from 120p).

They've also updated their numbers. They have £7.2m turnover for last year (up from £6.7m in 2022), rising to £8m this year and £8.5m next year.

They now forecast 7.6p EPS for last year (up from 6.6p in 2022), rising to 8.7p EPS this year and 10.0p EPS next year.

The cash pile is due to rise to £3.4m this year and £3.8m next year, with the dividend rising to 2p and then 2.5p.

With that cash pile now backing up almost 40% of the m/cap, for me it represents firstly a backstop in terms of NAV and share price downside, and secondly an opportunity as TST have stated that they wish to expand either or both internationally (via partnership) and by acquisition. So given that the cash pile puts TST in the position to do so this potential may well be recognised in the share price at some point by canny investors out there.
Posted at 11/3/2024 08:17 by adamb1978
It does look very cheap, and I own a handful, but only a handful, however the bear arguments include

- Sequential half yearly decline in turnover?
- Market doesnt appear to place any value in the cash balance (not just for TST, but looking at ex-cash PEs in my mind is theoretical rather than ever recognsied in share prices)
- illiquidity

Any guesses for FY24 turnover?
Thanks
Touchstar share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock