Touchstar Share Discussion Threads

[jeevsje] 09/10/2017 07:10

Rivaldo my Omega friend, is this worth buying?

[rivaldo] 02/10/2017 08:51

Hi Pavey Ark. Great posts, thanks. I haven't really felt the need to comment as (1) you've summarised things very well, (2) I haven't got anything specific to add and (3) it's pretty obvious that the interims were disappointing and the turnaround has moved further down the line without me saying it too!

I have faith in the "new" broom management - they seem to be doing all the right things for the medium/long-term. Despite the challenges TST still made an H1 PBT, which is more than many £4.6m m/cap companies do, let alone those with much bigger m/caps.

[pavey ark] 01/10/2017 15:48

Varies, I must apologise for bothering you with some facts and my considered opinion but the blame does lie with me as for some strange reason I got you confused with RIVALDO a constructive and long term poster here.

On this point I'm surprised we have no comment (inside info?) from rivaldo.

As I said, I've not posted here very often as I was just letting the new management get on with things and I certainly did not expect the turnaround to be completed at this stage.

Yet again, if people take the time and effort to look closely at these results they will be pleasantly surprised.

[varies] 01/10/2017 14:34

Pavey Ark
Thank you for these further comments.

[varies] 30/9/2017 18:49

Pavey Ark
I am so pleased to see that you take a less gloomy view than most of us.

[pavey ark] 30/9/2017 14:21

Bit of a band waggon thing going on here.
I am certainly not overly disappointed in these results but then again I've spent some time going over the figures and reading all the announcements for the last two years.( I know I should keep up but I decided last year to simply let thing go and see where the company gets to)
It is the case that this company disappointed fairly regularly under the previous management but the new guy did point out when he took over what was needed to be done and we can see that he is heading in the right direction.

Just a snippet from the old BVM days: the crucial turnover figure was always c. £7m-£8m as this figure always covered costs and produce a profit (albeit a variable and sometimes disappointing profit).
I suspect this figure is still a critical one so if this guy can get T/O above this then most of the profit goes to the bottom line.

Still happy to hold especially when they can still generate free cash and reduce their already small level of borrowing.

Edit: The onboard airline retailing looked good.
hxxp://www.onboard-retail.com/blog (remember to change xx to tt )

[varies] 28/9/2017 20:49

We all seem to agree that TST is a perennial disappointer but it is at least solvent and Mr. Martin may bring it into profit one day.
Yet another stock to keep at the back of the drawer.

[cocker] 28/9/2017 19:25

Exactly how many times has this company failed to deliver. Although CEO has some balls, it seems it operates in a non stop challenging market where disappointment comes on a more regular basis than any signs of a decent profit. My view is at best Martin will take it private or a buyer may make a surprise bid. Worth a punt on a 2 year view at best.

[rhomboid] 28/9/2017 15:48

I sold my thimble full just after the bell @ 72p I'm sure they'll get there in the end, but I'm trying to focus on trimming "dead money" positions & this was only ever a place marker for me to follow events more closely. I'm likely to buy back in greater size once I can see the new product gaining traction...on the plus side they didn't blame Brexit ..did they🤔

[pavey ark] 28/9/2017 15:09

Bit of a rush this morning so only a quick scan of the results and nothing really to bother me.
Back in and had a more detailed look and they still look sound with nothing to cause me any concern.
This guy said right from the start that there was work to be done and has put plenty of his own cash in.
Recurring revenue has always been the real strength here and now we have:-

Stronger, more focused management.
New products.
Low gearing.
Still generating cash.

The second half has always been much stronger and I expect this will be the case again.

The company has a plan and is working through it and at the same time there is no stress or problems with the balance sheet.

I'm happy to hold and let them get on with things.

The share price may bounce about but I'm not concerned about the underlying business.

[norbert colon] 28/9/2017 08:54

Frustrating and disappointing to an extent however this was never a one way bet. I hold most in my SIPP for the long game. Highly respect the chairman who owns a lot of stock himself. No stock available online to buy at present but liquidity there to sell.

[glasshalfull] 28/9/2017 08:44

I don't hold (sold after 1st warning).
Commiserations to holders.

WH Ireland indicate,

"The H1 outcome, combined with challenging outlook for H2, means the business is trading below our previous expectations.

As a result, we have re-based our numbers based on FY revenue of £8.0m (simplistically 2x the H1 actual) and allowing for increased costs in H2. This gives a FY PBT expectation of £100k (from £600k)"

---

Like microscope I'll wait for signs of growth before considering an investment.

Kind regards
GHF

[pj 1] 28/9/2017 08:32

I'm not so sure it's overdone, 2 consecutive profit warnings in the same calendar year are hardly 'bumps in the road' are they? More like 'Major hurdles'

Still holding and prepared to wait a little longer.

[cliley454] 28/9/2017 08:28

The drop is overdone imho. It will bounce back.

Off topic, take a look at PRS.
I've posted some interesting research on the bb.

[pj 1] 28/9/2017 07:49

That's the 2nd one then........1 more to go?

[mr macgregor] 28/9/2017 07:24

Profit warning “I would expect trading conditions in the second half to remain challenging, we will fall below the expectations we had at the beginning of the year”.

[leoboy] 07/9/2017 22:10

mention here ( i hope). ///////; In matters of competition, the report identifies key players in the global automatic data capture market and profiles them for distinguishing attributes. The key players in the market are

[pj 1] 21/8/2017 11:46

The Chart is just starting to look a little more interesting imo, a little more 'consolidation' and I may be tempted to start adding. Always dangerous though following charts, especially with such illiquidity, so may look for some positive news flow.

[pj 1] 08/8/2017 08:03

apols wrong thread

[cockerhoop] 08/8/2017 07:54

Do you have a link?

[jeevsje] 08/8/2017 07:24

New contract signed.

[fillipe] 27/7/2017 12:01

Moving higher today.

f

[jeevsje] 22/7/2017 13:51

Implying takeover soon?