Touchstar Share Discussion Threads

[cocker] 24/1/2025 20:36

Agree, but I think Wednesday was the other away around, could buy but not sell. Surely nms should be implemented either way ,or there is no market!

[dolittle1] 24/1/2025 15:18

I think it is ridiculous that buy quotes are not available and MMs are not moving the price.

[dolittle1] 23/1/2025 12:13

Anyone else struggling to get firm buy quotes?

[pavey ark] 23/1/2025 10:30

Takeover Panel PRACTICE STATEMENT NO 6

Surprisingly clear and easy to follow.

We are where we are and not much can be done about the delay or lack of info.
There is the point that the strategic review would run up to the year end so only a few weeks have passed for any horse trading.

I don't know much about Ian Martin but he doesn't seem to be the sort of guy who would make a fool of himself........if this does not result in a bid then he will look rather silly and will have wasted time, money and effort.

[cocker] 21/1/2025 19:06

At todays price one would have thought a bargain to be had & not so long ago there was even talk of being able to quote for government contracts, well as far as I'm aware nowt as yet. Downside on the share price must be pretty low ,even if there isn't an offer forth coming. However, if we are to carry on as an entity, then quality salesmen must be top of the agenda as I have said numerous times.

[pavey ark] 21/1/2025 17:35

Well I had a Limit Buy order in at the full 85p and it wasn't filled......just as well as I have more than enough.

If and I stress IF the update is positive the mm have nothing to sell .

Obviously if the news is of a takeover at a reasonable price then the price will move close to that figure.

Even as things stand 85p is a very low price.....valuing TST at £7m and an EV of under £4m.

Even 120p values the company at under £7m after cash is taken out .

[bio_tango] 21/1/2025 16:05

Hi Pavey, it was word of mouth from another investor who holds around 0.8% of the shares over the weekend.
I used to sit above 1% right after the last equity raise but sold quite a few last year. I hold Ian Martin highly and was hoping he would have mirrored his previous successes.

[pavey ark] 21/1/2025 09:23

bio_tango, thanks for that.

I was just about to make contact with them again .....with some rather harsh words this time !!!

What was the date of your contact?

Was there any suggestion that this was to be anything more than the usual January/February trading update ?

[bio_tango] 21/1/2025 08:08

Been advised that they are looking forward to updating the market soon.

[dolittle1] 20/1/2025 11:40

They should really give an update soon

[cocker] 17/1/2025 13:15

Probably best not to give time frames if you're not prepared to even update the market, even if it means still ongoing!

[cocker] 10/1/2025 10:47

Can sell 30000 on line with ii with firm quote and yet max buy is 500 @90p before no fixed quote

[dolittle1] 09/1/2025 14:38

Code 1 and unable to get buy quotes at 90p

[pavey ark] 09/1/2025 14:37

Well my trade has just gone through......topped up on the fall.

At 90p I am buying below the two year average and on almost 4% yield.

If we get no deal it could dip to 80p but that would give an EV for the company of c.£3.5m and that would be rather silly....even for this market !!

If we get a deal it will be well north of 90p

You pays your money you takes your chance.

[s2lowner1] 09/1/2025 13:38

Down another 5% now on about £20000 of trades still no news

[cocker] 03/1/2025 20:42

Well we had some sort of TU in October and not a single contract announced on Web site since September. With regards to dividends, any company can only pay a certain amount against profit unless special ones are paid. Share buybacks were implemented to allow one holder to exit, but not a lot since. A buy out at a decent premium seems to be less likely as every day goes by, but we can live in hope I guess.

[davidosh] 03/1/2025 14:07

A few questions...

Do we think there will be a trading update considering we are in a bid situation but already past the year end?

We have good growth and profits are increasing but we do not seem to attract new investors and never did the buybacks that were promised so why not pay huge dividends to attract income seekers as we do have plenty of cash ?

At least that would show us a stronger share price on which to bargain with buyers. We should be given an update as this has gone on for four months now

[cocker] 23/12/2024 23:25

I guess an offer pre Xmas is not on the cards then!

[pavey ark] 18/12/2024 14:41

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.....if that's not a bother !!!

[varies] 18/12/2024 11:05

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.

[pavey ark] 18/12/2024 09:16

Now anyone who had the cash and actually bought shares would have no reason to be anxious............having taken advantage of the recent price fall.....whining , do nothing people may feel differently.

The 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 !!

[cocker] 17/12/2024 20:26

Not getting brown trousers are we my friend, but quite rightly so to ask the one million dollar question

[pavey ark] 17/12/2024 19:46

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.

[pavey ark] 12/12/2024 20:29

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.