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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
|
|
|---|---|---|---|---|
| -6.00 | -6.59% | 85.00 | 11:28:50 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 91.00 | 82.50 | 91.00 | 91.00 |
| 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 06/11/2024 19:11 by cocker Ian's plan for some time was to move on & now it's up for sale, perhaps the end game is in sight and the smooth transition with him there a plus. With regards to Mark Hardy, well all I can say is if not sold, the quicker he goes the better. Agree, the looming sale is a put off for any company looking to do business with TST, but should be concluded shortly & again, perhaps would have been better being up for sale after what is normally our busiest period. |
Posted at 06/11/2024 10:43 by varies Pavey ArkAs l read the Budget, the higher rate of CGT is already in effect. Prospective buyers of the business, if there are any, may have held back to see how the Budget would affect it. The rise in Employers' NI contributions is the most obvious negative factor but this should be easy to measure. I do not see anything in the proposals specially damaging to TST. I agree that the shares look attractive but we might see a fall in the price if no offers are forthcoming. |
Posted at 05/11/2024 13:12 by pavey ark Well my buy this morning was enough to push the offer price up to 100p.My purchase price was less than my four sales from April-August 23 but lower than my four recent buys (av 103p after dividend). I see very little downside from here with the company being very cash rich, profitable and with a probable 3.5p div . What is really strange is that all of the above makes the current price look very reasonable but rather ignores the fact that the company has put itself up for sale. It is difficult to see the direct result of the recent budget on the major shareholders without knowing their precise financial circumstances but there would almost certainly be more tax to pay after April 25. Any takeout price will be higher than 100p.....good if it comes....no disaster if it doesn't. As ever "you pays your money you takes your chance" |
Posted at 29/10/2024 18:43 by cocker Tend to agree with what you have said having just re-read the TU Pavey. However, the quicker the conclusion to a deal or no deal for the company, the better as far as I'm concerned, albeit I would hate to see anything less than 150per share. With regards to new contracts, placing an order with someone who basically is up for sale, surely will put off the sort of companies TST deal with. Once again though, the lack of quality salesmen speaks volumes as far as I'm concerned and has done for many a year, great products that save you many dollars and yet here we are. |
Posted at 29/10/2024 07:18 by cocker Well after today's TU you might be able to pick up cheaper stock. The delay in the big order may well be due to the customer seeing whether TST is staying as a stand alone or a bigger part of something else. |
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 07/8/2024 08:43 by rivaldo Great to see those two big pieces of news whilst I was on hols.The selection of TST as Carr's Billington's "preferred supplier for mobile digital solutions" should be a biggie for TST given that Carr's divisions and "wide network of depots" "are located across the country from Brecon in Wales to Oban in Scotland". And it should benefit this H2 onwards from the sound of this: "We’re extremely excited to commence active use of the hardware and software and to start to accrue the numerous operational benefits.” Plus there must be huge potential for the Fire and Security division following their appointment to Crown Commercial Service’s Facilities Management and Workplace Services agreement: "The addition of TouchStar ATC to the CCS procurement framework will see them support public sector organisations with the provision of Fire and Security Systems including Access Control, CCTV, Fire and Intruder. Crown Commercial Service supports the public sector to achieve maximum commercial value when procuring common goods and services. In 2022/23, CCS helped the public sector to achieve commercial benefits equal to £3.8 billion - supporting world-class public services that offer best value for taxpayers. Lynden Jones, Managing Director at TouchStar ATC said: " "We are delighted to have been named as a supplier on the CCS procurement agreement. Our position on the agreement enables us to offer end-to-end public sector fire and security systems, from specification and project management through to implementation and support. With an approved partner network, we provide national coverage with localized support, building long-term relationships with our end-users in the public sector and further solidifying our reputation for first-class service and support in the sector." |
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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