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| Announcement Date | Type | Currency | Amount | Ex-Dividend Date | Record Date | Payment | |
|---|---|---|---|---|---|---|---|
| 21/6/2023 | Dividend income or Cash Dividend | GBP | 0.01 | 09/11/2023 | 10/11/2023 | 08/12/2023 |
| Top Posts |
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Posted at 17/4/2024 11:04 by varies Whilst these results are much as expected and only modest progress is suggested for the current year, we should recognise that many small companies listed on AIM have suffered terribly in the last couple of years and that TST's performance has been relatively very good.I had hoped for a final dividend of 2p rather than 1.5p but hope to see steady increases from now on. |
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 15:25 by rivaldo Cheers davidosh, getting TST on to Mello would be a great way of publicising TST's attractions.I've also followed TST on Investor Meet to try and encourage them to present on that platform. |
Posted at 12/3/2024 09:21 by smithie6 Post 2231 from RivaldoAn 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/ |
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 23:02 by rivaldo Ian Martin has done a tremendous job in turning TST around. He's not the type to make outlandish statements. Yet today's outlook is reasoned and likely the most confident outlook shareholders here have seen for a long time.One might conclude that perhaps he's in a position to know a little more about what's happening at TST than anyone else..... "Ian Martin, Chairman, commented: "Touchstar entered 2024 in good shape. In the market sectors in which we operate activity continues, which gives reassurance for the outlook in 2024. The medium-term prospects for the company have improved. The team is now focussed on making such opportunity a reality, enabling a long term continuation of the positive trends in financial performance, building upon the solid platform we have developed and making Touchstar a better business." |
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. |
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