Share Name Share Symbol Market Type Share ISIN Share Description
Touchstar 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
  +0.00p +0.00% 42.00p 40.00p 44.00p 42.00p 42.00p 42.00p 1,701 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 7.9 -3.9 -56.8 - 3.56

Touchstar Share Discussion Threads

Showing 426 to 445 of 450 messages
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
Can anyone please share the broker note for Touchstar please. Appreciate it, thanks.
I just don't think there's enough upside from a successful turnaround to justify making any further investment in these myself. If I hadn't got my money back ages ago I would probably hang on but i'm not sure i'd be a buyer here.
I think an important distinction has to be made here. TST are in a position that they have created and according to Ian Martin they are "on track". The company hasn't suffered a catastrophic loss of business but has chosen to undertake a major restructuring. The results in April and the recent results have to be seen in the context of this major change. To add further confusion we have a major change in accounting practice which certainly clouds these results further. I'm not banging a big drum here but if people look at the things said in April and repeated today there can be little in the results that should come as a surprise. The fund raising was in Feb/March this year then they started spending on the new business model. The new accounting rules resulted in most of this spend coming from the profit/loss account but in the past it could go down as cap ex. It takes time for the capital spend to result in cash generation so I think I'll sit back and see how they get on. Not tempted to sell and if things get silly I may add.
pavey ark
I agree that there is a possible chance of some good returns if all goes to plan. However, it is a IF. They still struggle to get customers to sign on the dotted line & these aren't as hard times for businesses, like bvm had in the past. The 60p fund raise was at a discount to the share price & since it has retraced, not good in my opinion. All said & done, worth a punt on a possible buy out offer from a third party or on the hope things do improve.
Just spent some time going over the figures and things look to be going the way I expected. In April the management set out where they were hoping to go and they look to be on track. Certainly the company looks to be in a fairly robust financial state and the current asset/liability figures look good. This period is obviously the most challenging as far as the results are concerned as there is a lag between spending money and seeing a real return but I expect things to improve from here. I'm happy to hold and expect a good return from investing at these levels.
pavey ark
There was a similar situation to this at my largest holding TPG. When a company undergoes a fairly major change of direction there is immediate concern (fear) in the workforce and most of the changes are seen in a poor light. With TPG these changes resulted in a small part of the operation sold off to management. With TPG some posts appeared concerning management and their inability to understand how to run a specific part of the business but they were intending to sell. Touchstar is undergoing massive change and I would be very surprised if this did not produce fear and resentment especially where people's jobs are concerned. I totally understand why people react the way they do under these circumstances and have every sympathy if people feel their job is threatened/ vulnerable. If there is more to this I would certainly like to hear the details.
pavey ark
Kemp99,Can you expand on that at all? Happy for you to message me if not wanting to post.
Mark is pretty useless in my opinion - but worse is the COO John Hall
What is annoying is that it is a well run company by a well respected chairman. Shame that he does not keep us updated through the appropriate formal channels. The share price is highly discounted already. Anyone know whether Mark is good enough at his job?
Chart is awful and is probably going to drift further until some news. This could be some way off as interims were not until the end of September last year. The most recent update in April contained "bringing forward investment in recruitment, solution development and delivery capability". No evidence of progress on this front yet.
jeevsje The relentless fall in the share price is demoralising but I do not think that the management should spend their time trying to re-inflate it. If sales and profits improve, then so should the share price. My advice (for what this is worth)is to cheer yourself up by looking at the profits you are undoubtedly making on most of your portfolio and forget about TST unless and until it comes right. If you have only a modest holding, you could probably sell it at over 40p and put this company out of your mind. We all lose money from to time. If we did not, we would seldom make any money. There is no point in moaning.
Shame on management allowing the share price to slide, the way it has. 27.5% drop from placing price at the start of the year.
Varies, yes a bit of a diversion but hardly an entertaining one. As far as prospects are concerned they certainly favour the buyer, as you say. As we are where we are it is worth noting :- The company has cash The company generates cash The management have invested heavily in the company. As far as wishing you had never bought into TST, that depends on when you bought. I held a large number of shares in Belgravium but got fed up (disallusioned) with the management and sold most of my holding. When the new guy came along I became interested again and added to my holding,some at 60p and more at 50p. When the results come out in September (and beyond) the company will almost show a loss which is due to the new accounting rules that more and more of cap.ex. must go against the P/L account but the figure to look out for is the cash being generated. At the time of the fund raising management said they expected to generate £500k / year free cash flow and I suspect they had to be conservative in their estimate. One interesting snippet: When I was invested in Belgravium I commented (more than once) that Mark Hardy, in spite of pulling down a very healthy salary, bought very few shares. Since the new guy came on board Mr Hardy has certainly stepped up his share purchases. I think he is in a position to know what is going on. Edit: my residual holding in Belgravium looks cheap to me but I haven't taken into account the time value so perhaps it's not that cheap. Years of under achieving had to be brought to an end but the old BVM always made a profit and was always just short of getting thing right. The new guy has put his money where his mouth is and at this price I can see little downside (famous last words!!)
pavey ark
Good luck varies. Be aware there's a resident dimwit though. Bye.
mr macgregor
Thank you Pavey Ark and Mr MacGregor for providing us with a little diversion here. TST may come good for us eventually and it may not. Like most shareholders I wish that I had never bought a holding but I would be lucky to obtain an average over 40p if I sold and I believe that the risk/reward ratio at the current price favours the buyer.
I must apologise to the regular, considerate and thoughtful posters here. My previous two posts (Malcolm Tucker quotes:now deleted) obviously lowered the tone of the thread and the post above just shows what can happen.
pavey ark
Buys of 23,000 yet now movement. Considering lack of liquidity, the buys should have shifted the buy and ask but nothing.
Is the chairman and MD sleeping while this ticks down on low volume? No respect for shareholders.
Down it goes again.
Please can someone share the broker note with me, if possible.
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
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