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TST Touchstar Plc

90.00
0.00 (0.00%)
28 Mar 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 90.00 85.00 95.00 90.00 90.00 90.00 5,000 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 6.74M 558k 0.0678 13.27 7.4M
Touchstar Plc is listed in the Electronic Components sector of the London Stock Exchange with ticker TST. The last closing price for Touchstar was 90p. Over the last year, Touchstar shares have traded in a share price range of 80.00p to 115.00p.

Touchstar currently has 8,225,077 shares in issue. The market capitalisation of Touchstar is £7.40 million. Touchstar has a price to earnings ratio (PE ratio) of 13.27.

Touchstar Share Discussion Threads

Showing 101 to 124 of 2325 messages
Chat Pages: Latest  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
04/10/2016
19:51
Further thoughts and comment that may be of interest.
hastings
30/9/2016
16:32
Nice end to the week.I should have something penned for Monday/Tuesday after speaking with Ian Martin that may be of interest to other holders or for those taking a look.
hastings
30/9/2016
10:26
Nice to see 10k of buys having such a dramatic effect...
rivaldo
29/9/2016
16:57
Perhaps it's worth remembering that 80p is just 5p in old money and the price that Kembery sold at and Martin bought at.
As I remember things, the second half was always much stronger than the first (BVM) so not unreasonable to pencil in £300k in second half.
With the tax credit of £200k we get a post tax figure of c.£ 720k .
On a PE of 10 we get 114p .
Not sure of the £300k or treatment of tax credit but you get the idea....plenty to go for.

The current price, although well up on the recent past, isn't really up with events but you could argue that things have still to be done.

pavey ark
29/9/2016
09:05
I was expecting some dreary results as we had heard nothing of new orders and the figures seemed to be taking a long time to add up.
So I am heartily relieved to see the progress made.
In my view these shares are not for trading as the market is so thin, the capitalisation being only about £5 million. So I am staying put and hoping for good progress in the next couple of years and a return to dividends. Well done, Mr. Martin.

varies
29/9/2016
07:46
Nice spot rivaldo.A few small sells took some of the early steam out, but plenty more left for the next man.Suffice to say I'm sitting tight, the broker target price of £1.03p gives a forward PER of 8 which provides for plenty of upside going forward.
hastings
29/9/2016
07:17
Nice plug in the Mail's market report:



"Touchstar makes mobile devices and software for industrial and retail firms.

Companies that use its technology include British Airways, DHL and Wincanton.

Yesterday, shares in the AIM-listed firm rose as it reported operating profits of £219,000 for the six months to June 30, up from a loss of £49,000 in the same period a year ago.

Chairman Ian Martin said the results highlighted the positive effect of a restructuring of the business last year.

Shares rocketed 13.1 per cent, or 9p, to 77.5p."

rivaldo
28/9/2016
12:22
From WHI's note today - given the following, and 10.3p EPS followed by 12.6p EPS there's plenty of mileage still to be had here:

"Integration continues apace, new product pipeline strong

We recently spent the day at Touchstar’s Manchester headquarters and three things were apparent: 1) the main areas of the business (onboard retail, shipping/ logistics and security/ access control) are working in a much more integrated fashion and this is reflected in a rebranding all under the Touchstar name; 2) the developers have been busy working on next generation products providing truly fully integrated solutions (including more of the back office integration); and
3) this is a business moving decisively towards a SaaS model providing longer term
contracted revenues of up to three years in duration. All this should ultimately be reflected in a stronger business with better visibility and predictability.

Valuation and recommendation

Whilst the H1 numbers are the first to show a turnaround taking place, there is potentially much more to be done once the sales line returns to meaningful growth. For now, we believe the turnaround story should be worth at least 10x current year earnings, equating to out 103p target price. Remain at Buy."

rivaldo
28/9/2016
11:38
The above quote from smithie6 refers to this;

hxxpS://www.trustnet.com/Investments/Article.aspx?id=20100302115546P1D8B

Relevance I don't see?

rhomboid
28/9/2016
10:33
Good return on capital as well and management have a good track record. Nice to see the re-rating underway.
columbarius
28/9/2016
09:35
Smithie6,

What does the above relate to? TST?

cockerhoop
28/9/2016
09:12
...deleted...

whoops ! ..was posted on wrong thread

smithie6
28/9/2016
08:28
Hard getting any stock this morning. Like what I read. Just the type of recovery situation Techinvest would cover imo.
aishah
28/9/2016
08:13
EPS of 10.3p for this year now from the broker and 12.6p for next year.Operating margin improving from a paltry 1% to 5% bodes well for continued progress.
hastings
28/9/2016
07:56
Heading out but even a quick run of the calculator shows a very safe £1/share at a very modest PE (especially for a company at this stage of a positive turn round).
£1 gives a market cap of £6.3m and given the guidance and tax position an after tax profit of more than £700k is obviously very much on.
PE of 9 or less and 50% upside to c.£1....looks good to me.

pavey ark
28/9/2016
07:11
That seems reasonable.Given guidance is ahead we'd be looking at a year end pe of about 9.
columbarius
28/9/2016
06:57
WH Ireland lift target price to £1.03 in an early comment
hastings
28/9/2016
06:27
Can't believe it! Optimism all round, a lovely £219k PBT for H1 and stronger profitability expected for H2....

The true m/cap incidentally is only £4.3m (the ADVFN figure is slightly incorrect...).

Congrats to Ian Martin.

rivaldo
28/9/2016
06:09
Progress confirmed this morning as hoped for and full year expected to come in ahead of market expectations after tax credit.Currently awaiting the new broker note and also speaking with Ian Martin later today.
hastings
22/9/2016
13:21
No trades reported (so far)
cockerhoop
22/9/2016
13:03
Sudden jump this pm. Interim results sometime next week I do believe.
hastings
07/9/2016
09:18
Yawnnnnn............
napoleon 14th
22/8/2016
12:28
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.

hastings
22/8/2016
11:39
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.

pavey ark
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