Touchstar Share Discussion Threads

[cockerhoop] 28/8/2018 16:22

Kemp99,Can you expand on that at all? Happy for you to message me if not wanting to post.

[kemp99] 28/8/2018 16:00

Mark is pretty useless in my opinion - but worse is the COO John Hall

[jeevsje] 07/8/2018 07:28

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?

[rp19] 06/8/2018 19:06

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.

[varies] 06/8/2018 19:04

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.

[jeevsje] 06/8/2018 18:39

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.

[pavey ark] 01/8/2018 16:57

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!!)

[mr macgregor] 01/8/2018 16:53

Good luck varies. Be aware there's a resident dimwit though. Bye.

[varies] 01/8/2018 13:02

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.

[pavey ark] 29/7/2018 08:56

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.

[jeevsje] 26/7/2018 18:57

Buys of 23,000 yet now movement. Considering lack of liquidity, the buys should have shifted the buy and ask but nothing.

[jeevsje] 24/7/2018 13:58

Is the chairman and MD sleeping while this ticks down on low volume? No respect for shareholders.

[jeevsje] 23/7/2018 13:32

Down it goes again.

[jeevsje] 20/7/2018 17:48

Please can someone share the broker note with me, if possible.

[jeevsje] 20/7/2018 09:45

As a start, the chairman needs to respond to shareholder emails, rather than purely ignoring it. Moreover, the newsflow could be improved - why can't they RNS some of the contract wins or successful launch of new products?

[davidosh] 20/7/2018 09:39

jeevsje17 Jul '18 - 21:49 - 335 of 339

Management needs to show more respect to investors.

jeevsje...I think that is very harsh without any example of why you feel that way or showing what you would like to see management providing ?

[jeevsje] 18/7/2018 13:01

Looking at the chart, they has hardly been a shareholder value creation. Any positive or negative vibes from the AGM?

[cockerhoop] 18/7/2018 10:30

They were welcoming to myself at this years agm (only investor there) and I'm also aware another investor met with Ian recently. You could argue that a 10am agm in Manchester is too early to encourage investors but they were happy to show me around the site and answer my questions.

[cockerhoop] 17/7/2018 23:45

Why do you say that?