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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Touchstar Plc | TST | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 95.00 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 95.00 | 95.00 | 95.00 | 95.00 | 95.00 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 26/09/2024 | Interim | GBP | 0.015 | 24/10/2024 | 25/10/2024 | 21/11/2024 |
| 17/04/2024 | Final | GBP | 0.015 | 20/06/2024 | 21/06/2024 | 19/07/2024 |
| 21/06/2023 | Interim | GBP | 0.01 | 09/11/2023 | 10/11/2023 | 08/12/2023 |
| Top Posts |
|---|
Posted at 18/12/2024 14:41 by pavey ark Re budget.....life goes on in spite of "heavy burdens heaped"....just a tad dramatic there.TST is either worth buying or not and that judgement is based on many factors but the most important one is will it make money at an acceptable level to justify a particular purchase price. Working on this rather basic principle I bought more at 85p. As far as any update goes we don't need to be told who (if anyone) is interested in buying the company or the price or the terms but a minimum would be a broad update. My holding (number of shares)is still slightly below that of a year ago so quite relaxed but wouldn't mind a sudden and substantial rise in the share price......please... |
Posted at 18/12/2024 11:05 by varies The lack of news is certainly disappointing.The investment climate has deteriorated in the last few months with heavy burdens heaped on small companies in the budget and it may be that parties interested in buying TST 3 months ago are less interested now. These are grim times for many AIM companies but TST looks much more secure than most and l shall stay put, hoping for the best. |
Posted at 18/12/2024 09:16 by pavey ark Now anyone who had the cash and actually bought shares would have no reason to be anxious............hThe reason for contacting the company was to remind them that they can't really make the announcement then leave private shareholders in the dark for three months....they can ...but they shouldn't. Not looking for great detail ....just a broad outline. I now hold a reasonable number of shares here....some will hold more some less but it has a tiny market cap so I tend to look closely. On this theme..... given the projected year end cash TST had a TOTAL market cap EV of £4m at 85p.....now that was difficult to resist !! |
Posted at 17/12/2024 19:46 by pavey ark Well I left a message with the company today and if anyone from TST or their advisers/brokers reads this then please note we are most certainly entitled to some sort of update .....this week !!!We are certainly due some information as to the progress (or otherwise) of this review and a brief update on the approximate year end situation (cash, turnover, orders) would also be welcome. |
Posted at 12/12/2024 20:29 by pavey ark Well that was strange....not sure I would buy such a small number of shares if it involved filling in a form ....anyway we did see the price move on a tiny volume.So where are we !!?? TST is not a large and complicated company and I would think that any prospective purchaser has had time to look and decide by now. The "glass half full" is that if there was no concrete interest then the company could issue a statement....."there was plenty of interest but indicative offers were below our valuation....time to move on " If there is a live offer situation then the current time scale is still reasonable. Obviously we don't have any information but I find it strange that we are almost at a two year low with the company up for sale and a 30%(minimum) bump in the share price a possibility. |
Posted at 22/11/2024 09:39 by pavey ark Well I bought 5k more yesterday at 86p and it will come a no surprise to most here that the dividend payment of 1.5p had little to do with my purchase.If I assume £3m cash going forward and round down every estimate and expectation I still get an EV figure for PE of under 5 in 2025 and a yield of 4%. This latest purchase now brings my recent buying equal to my four sales from April 23....but does not include the purchases I made during the Covid price collapse (39p-50p) If the company isn't sold then Ian Martin will still hold over 10% I honestly can't see him walking away completely. My view is that serious interest has been shown in buying all or part of the company but if nothing happens I would still be happy to hold. |
Posted at 26/10/2024 10:18 by pavey ark I have been in and around here since the BVM days.Since Ian Martin I've been happy to buy into any dips and sell on any uptick but retaining a core holding.....these have been my easiest trades as I always had confidence in the management so if the profit took some time I was happy to hold. I have also used TST as a bit of a cash source if I needed money for other trades. It looks like this cosy arrangement is about to end so after the announcement I increased my relatively depleted supply by increasing my holding by 40%.......this was not easy and took four buys with an average cost of slightly under 105p/share. A few rather obvious points: 1 Martin wants out and the market in TST is rather illiquid. 2. Hardy ,the guy who runs the company day to day, is over 60 and has been with BVM/TST for over 30 years !! 3. Major personal tax changes look likely (from April 2025) 4. The figures are there for all to see .......pick a number for a buyout and it will be well north of the current price, 5. 4-6 weeks was mentioned for the review ......they have offers or know of people wanting the company and four weeks have passed since the announcement. As I pointed out the real plus for me is that I'm happy to hold my 40% additional shares (103p after dividend)if no sale but more than happy to take 130p (+?)if TST is sold. "You pays your money you takes your chance" |
Posted at 16/10/2024 14:50 by rivaldo RNS - a Michael Taylor has just declared a 4.85% stake in TST, with 398,000 shares:He's not on TST's list of major holders above 3% as at 20th September per their web site, so does this mean he's been buying pretty handsomely since that date? |
Posted at 26/9/2024 08:48 by rivaldo Interesting and encouraging that TST have "been approached by various parties about possible mergers, alliances or sale of all or parts of the business" over time.IMO given forecasts of 11.5p EPS for the year starting in only 3 months' time, plus a likely £3m+ cash pile (say 40p per share), a takeover might bring anything from 160p-220p per share. The H1 results are actually ahead of expectations according to management, with a heavy H2 weighting this year. Note that TST say the final outturn is "broadly on track" suggesting perhaps a slight miss on the 10p EPS forecast. But this is immaterial given the progress against 7.6p EPS last year. Note too that the £1.74m cash pile is well down, only due to the £1.2m of additional debors and inventory at June 30th which will reverse in H2. The 50% rise in the dividend is indicative of the confidence going forward. Perhaps now is the time for more buybacks. |
Posted at 03/6/2024 21:58 by rivaldo It seems clear imo:- trading (i.e profitability) is ahead of budget, partly because.... - margins are good, and.... - orders are up 15% - H2 weighting as TST can see when the deliveries of those increased orders will occur - TST are happy to note at this stage that they're "comfortable" with market expectations, and if trading continues as it is then it looks like there will be upgrades Usual - and best - practice is always to issue the trading update first thing at 7.00 am and then the bland "Result of AGM" RNS later. There's no excuse for almost hiding it away like this. WH Ireland have always been poor imo, and as advisers I blame them for this more than TST as they should have been clear as to what TST should be doing to keep the market informed. Anyway....with: - at least a £3m+ cash pile against an £8m m/cap - forecast 10p EPS this year rising to 11.5p EPS next year - plus a 2.75p dividend TST looks extremely good value following today's statement. |
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