Touchstar Share Discussion Threads

[hastings] 02/5/2017 18:53

Write up as promised following the catch up call.

[kemp99] 02/5/2017 16:31

I am hearing lots of bad things - from a couple of sources.

As I say senior people are leaving - you can see this on linkedin , then GWR going out for tender early - make of it what you will

[spooky] 02/5/2017 16:20

First post looked relevant, second suggests you may be trying to deramp. Declare your intentions immediately.

[kemp99] 02/5/2017 16:15

hxxps://www.tendersdirect.co.uk/search/new/tender_view_expired.aspx?ID=%20000000006255166§=P043&cat=581&Page=Categories looks as if they are getting kicked out from GWR - does anyone know if it ever went live - or are GWR going to ask for their money back ?

[kemp99] 02/5/2017 15:46

Something is not right - if you look on linkedin they appear to be loosing senior people

[the oak tree] 30/4/2017 00:20

Same hear, looking forward to hearing about it. Thanks in anticipation.

[pj 1] 29/4/2017 18:44

ditto.....

[cockerhoop] 29/4/2017 14:22

Cheers Hastings, look forward to your piece.

[hastings] 29/4/2017 11:38

Caught up with Ian Martin yesterday for a very good chat.Penning a piece for next week, but suffice to say happy to hold.

[pj 1] 24/4/2017 15:01

davidosh- No I cannot see any date yet. I'll try and contact them withe same, however, my 2 attempts so far to speak with them have failed miserably!

edit Their PR did advise they have very little interest from PI's ref AGM. So it may be a shock to them? LOL

[rivaldo] 24/4/2017 12:23

Chers hastings, excellent news. Perhaps you could ask IM if some PIs will be able to attend?

Interesting new interview with the CEO re their Onboard Retail (Air and Rail) division:

[davidosh] 24/4/2017 11:58

Has the Agm date, time and venue been announced as one of my children is at Uni in Manchester so I will pop in and combine the two ?
We should ask for a presentation to try to attract more investors to come along and engage with the company.

[hastings] 24/4/2017 11:04

TST undertaking a London roadshow at the end of next month.Good to see they are putting themselves around and seemingly having something to say.I'm speaking with Ian Martin Friday morning so will add some thoughts after that.

[paulypilot] 22/4/2017 00:37

Hi,

A speculative share for sure, but the £7m mkt cap is peanuts.

So if the heavy spending on R&D does pay off, who knows?

I like it, but accept it's pretty speculative & illiquid.

Regards, Paul (long)

[pj 1] 21/4/2017 19:50

For info, Ive just noticed TST has an 88 Stockrank on Stockopedia, which means a 70 %+ chance it will outperform the Market significantly.

[pj 1] 21/4/2017 19:47

I shall attempt to attend the AGM this year as I do have a few 'bones' to pick with them following the profit warning.

Having said that the chart seems to be talking quite loudly to me at the moment :-)

[norbert colon] 21/4/2017 19:40

RivWhat I like with new contract wins is the fact that TST are a very client orientated / focussed company and hence new clients will hopefully join the list of long-standing TST clients and open up routes for sales of other products from their range.

[rivaldo] 21/4/2017 12:27

Another contract win in the transport sector - good to see:



"Fuel Transport Solutions select PODStar system
19 April 2017

Manchester, UK. 19th April 2017: Fuel Transport Solutions (FTS) Ltd select EPOD system from Manchester-based TouchStar

Founded in 2014, Fuel Transport Solutions (FTS) Limited, based in Central Scotland, delivers fuel predominantly throughout Scotland and Northern England. On formation, the Company’s declared aim was to encompass every aspect of fuel haulage supply within a competitive market, whilst maintaining a customer-focused company ethos. The organisation quickly established a reputation for prompt deliveries and excellent customer care and attracted both contracted and spot hire haulage work becoming the haulier of choice for many fuel supply businesses throughout the country. Current clients include BP Oil UK, Esso, Tesco and Sainsburys amongst others.

The company is continually looking to hone the level and range of services that it can provide to its end-clients. Accordingly, FTS have invested in a fleet of 44 tonne vehicles to allow for deliveries of all sizes – from small delivery quantities in difficult to reach locations, to larger deliveries to forecourts and depots. Equally the company recognised that, in the modern age, enhancing customer service can often require significant investment in leading-edge information technology. FTS identified that improvements in its logistics systems could provide a double-edged benefit, securing both bottom-line gains for the business as well as significant customer service enhancements. The organisation required a system that could optimise the scheduling and tracking of vehicles, as well as automate the proof of delivery process. After a thorough examination of available systems, Jim Anderson (Managing Director) opted for the PODStar system from Manchester-based TouchStar Technologies.

etc"

[the oak tree] 12/4/2017 20:05

Thanks rivaldo. It does appear a modest increase in turnover has , and will make , a material increase in profit.

[rivaldo] 12/4/2017 09:35

Here's WH Ireland's latest summary FYI - they do indeed go for 12.6p EPS this year (£0.6m PBT) and have a 119p target for the moment:

"FY Results

This morning’s results contain no surprises – revenue of £7.6m compares to a WHI expectation of £7.7m and PBT of £213k is almost bang in line with WHI estimate of £215k. Key standouts since the year end include two airline orders for a new cloud-based back office system and a number of access control system sales within the Defence/ Government arena. The statement reaffirms current market expectations for 2017 which look for +14% top line growth (helped in part by orders deferred from 2016) feeding a near-trebling of PBT, highlighting a strong operational gearing opportunity. We remain Buyers with an unchanged 119p price target.

 Results highlights: TST provided guidance through a trading update in early January hence today’s numbers are very close to forecasts published in our full note dated 30/01/17 (copy available on request). Whilst revenue declined by 12% y-o-y, this was more or less recovered (£4.10m vs £4.13m comparative) at the gross profit line due to a substantial improvement in margin from 47.6% to 53.7% which was mix related (more software). Tight control of admin costs (-3% y-o-y) led to a doubling of PBT from £106k to £213k. TST once again benefited from a very substantial R&D tax credit (£262k net) leading to an EPS outcome of 7.5p against our 6.6p forecast. TST ended the period in a modest net debt position of £329k vs £242k net cash a year earlier, as expected.

 Current year to see substantial PBT uplift With a gross margin above 50% and relatively fixed overheads, small increases in revenue feed fairly material increases in PBT. We expect this to be evident during 2017 where a 14% increase in revenue is expected to drive a near-trebling of PBT from £213k to £600k. Our revenue forecast of £8.7m is supported by the deferral of a number of contracts from 2016 together with the launch of a new Android OS ruggedised tablet for the in vehicle and logistics markets. Our 2018 forecasts, introduced today, are predicated on a very modest 5% increase in revenue.

 Shares offer value, 29% upside against target We retain our 119p price target this morning (=9.4x P/E. 30% discount to peer group) and Buy recommendation."

[hastings] 12/4/2017 08:00

Agreed PJ1 can be largely historic, I hold CMH which when I bought at 69p had a dire rating.Still, it's useful to a point like other tools.

[pj 1] 12/4/2017 07:56

One of the drawbacks to stockopedia is that eps are sometimes not amended following a profit warning/ or an ahead Trading Update. I did report it to them but nothing altered

[the oak tree] 12/4/2017 07:35

Thanks Hastings, see that now in rivado note.So anyway seams like a fair hike from admittedly old forecast numbers.

[hastings] 12/4/2017 07:02

TOT, it is 12.6p as of broker note yesterday.I really believe that they could nudge that up a touch. We will see, either way a fwd PER of little more than 7 for a reinvigorated company remains somewhat cheap.