Touchstar Share Discussion Threads

[hastings] 22/8/2016 13:28

Agreed PA.
Added a few more last week largely on the basis of the recent retrace which looked unwarranted.

I believe Ian Martin not only identified significant cost savings, but has restructured the business in a way that profits can actually grow.

New products appear to be coming through as promised and it appears additional contracts have been won in the right space.

Worth noting that Trakm8 was apparently prepared to pay circa 6p per share (pre-consolidation)for a specific aspect of the business.

Interims out late next month and I'm going to be speaking with Ian Martin again so hopefully all is on track.

The £600k pre-tax profit pencilled in for this year should be done and I would hope that next year's £800k could also be hit.
No doubt more will become clear in the interims, where if on track the 9.5p EPS rising to 12.2p will look a steal anywhere around these levels imo.

[pavey ark] 22/8/2016 12:39

Under Kembery this company could turn a reasonable profit and until the "kitchen sink" results with the large write down it has always made a profit.
The strength is the repeat custom /maintenance contracts have always covered costs (even the rather generous management salaries)and the company has no debt.
The new guy was parachuted in and has invested £210k of his own money.
A major shake was required here but even a very gettable £600k profit puts this on very low multiples at 60p and entirely acceptable ratios at £1 so still plenty to go for.
NB Ian Martin's initial purchase (£160k) was at 5p or 80p post consolidation.

[the oak tree] 22/8/2016 12:11

Any ideas on why the recent share price rise anyone?

Suppose its all just speculation till a RNS. But it appears someone (s) knows something others don't. Or maybe just a natural reaction to it having gone down for sometime?

As usual we'll just have to wait and see.......

[napoleon 14th] 22/8/2016 11:32

Agreed, PA. (I've seen you on other threads)
Pleasently surprised when I checked on this dog - I'm still well under here.
Think positive I keep telling myself...

[pavey ark] 21/8/2016 19:20

Just spent some time catching up here as I thought of my holding as being in cold storage while the new guy got to work.
The first and easily the most important thing I noticed was Ian Martin's share purchase in June.
It's one thing to splash the cash when you take over ( a not inconsiderable £160k ) but it is even more impressive when you add £50k one year into the job.
You have to say that this guy knows what is going on and no matter how much you have you don't throw £50k away, especially when there is no pressure to buy more.

After a year he wants more of the company .........looks good to me.

[norbert colon] 28/7/2016 09:26

Investors will note that the cash from the sold fractions have now been credited to their accounts.

[rivaldo] 30/6/2016 14:54

Thx for the contract news, good stuff.

BVM acquired Feedback Data in May'13 from Feedback PLC. So now we're seeing Thomas Charlton, Chairman and NED of Feedback PLC, go above 4% of TST. Does this tell us anything, or is there something in this that I've missed? It is at the least a small positive from the looks of it.

[retiringtype] 28/6/2016 10:15

Contract news: Europa Worldwide Group hxxp://www.warehouse-logistics-it.com/news

[spooky] 25/6/2016 11:50

It's not me, i hold a few but not a notifiable number.

[davidosh] 25/6/2016 11:27

Is Thomas WG Charlton one of us and posts on these boards ?

[norbert colon] 24/6/2016 12:49

Note that it's a pre-Brexit purchase however.

[spooky] 24/6/2016 12:19

Meaningful share purchase by Ian Martin, 84,750 at 60p, that's a fairly big positive sign.

[russman] 16/6/2016 12:08

It appears only 1 person knows.

[eburne1960] 15/6/2016 17:15

I know I'll be unable to sleep properly until it's all resolved.

[russman] 15/6/2016 12:43

I can only presume Chelverton bought the fractions.

[eburne1960] 13/6/2016 15:58

You're certainly missing a life.....

[russman] 13/6/2016 13:13

So if a Director bought a fraction, it needs to be declared.I must be missing some RNS here.

[norbert colon] 10/6/2016 13:49

The effective date of the Capital Reduction was yesterday (9th June) so any fractional entitlements which will be aggregated and sold (with Ian Martin / Chelverton hopefully buying them) should be distributed pro-rata in due course.

[russman] 10/6/2016 13:06

Therefore the Directors did not buy any of the fractions?

[norbert colon] 09/6/2016 13:50

Russman. Check your broker account and you will see the consolidation has been undertaken (basically you will hold fewer shares of a higher 'value'). Number of shares in issue reduced - job done.

[russman] 09/6/2016 12:56

I am getting confused.Have the fractions been sold yet?

[cockerhoop] 07/6/2016 08:57

I imagine Self Trade have a systems issue as it's a new EPIC. I've just carried out dummy trades with idealing no problems.

[value hound] 07/6/2016 08:50

Any idea why Self Trade are telling me I can't buy this stock? It looks good value to me; is the share consolidation not complete yet?