Touchstar Share Discussion Threads

[someuwin] 19/2/2020 16:00

Can currently buy up to £8k online.

[2toptrader] 19/2/2020 08:59

Tiny volume on pullback, buyers watching patiently. Like a cheetah.

[likitorma] 17/2/2020 22:08

Could rerate to £1.00 if we get RNS confirming that physical shares from Spreadex have been disposed of.

[cocker] 17/2/2020 20:00

Web site has been updated today with white paper on Persimmons. Sounds as if it was a decent contract and one that is still expanding. The news just keeps coming and just adds to the positives that have been landing of late.

[2toptrader] 17/2/2020 18:19

Strong buy.

[jeevsje] 17/2/2020 16:47

Guys, pleased to say that Spreadex is now done. The 31,333 trade was their last sell.

Physical holdings, as per last update, was 156,333. The 1,333 is your clue.

[onjohn] 17/2/2020 14:41

yes going down

[jeevsje] 17/2/2020 14:37

Tightest spread we have seen for ages.

[cocker] 17/2/2020 10:58

31k could easily be a buy from 1st thing as price went up on no trades

[2toptrader] 17/2/2020 10:24

MM's trying to get some stock, good luck to them. lol

[jeevsje] 17/2/2020 10:12

The key is to hold strong. There will be attempts to shake the tree a bit due to limited number of shares. Those who sell may get locked out due to the spread. Keep buying.

[cocker] 17/2/2020 09:58

Ian is up some 64k today. I expect he has had worse starts to a Monday morning

[someuwin] 17/2/2020 09:13

Volume is up considerably this year as peeps increasingly buy into the turnaround story.

[someuwin] 17/2/2020 07:39

...Would be very positive if they did.

[likitorma] 16/2/2020 22:03

Will Touchstar be presenting at Mello?

[jeevsje] 16/2/2020 12:32

Knowing Ian, he will let the figures do the talking first.

[2toptrader] 16/2/2020 12:11

Agree, this is time to buy not to sell. The valuation in here is simply bonkers, I can give you a ton of exaples of £20 mil plus co's on aim with only 2-3 mil rev and no cashflow but where the ceo is constantly promoting the co to investors, TST needs to come out and promote themselves a bit, the chairman is too honest for his own good, he deserves a re-rating and all the shareholders deserve a re-rating cause the fundamentals alone warrant it. As simple as that.

[bio_tango] 16/2/2020 11:38

I am also a long time holder, with 80000. Having held through the most difficult phase, I also do not intend to sell for the foreseeable future, especially with things looking on the up.

[2toptrader] 16/2/2020 10:59

Paul, thank you for your post. V helpful but I still believe that Spreadex are/were forced sellers. If u don't mind me using your example, u bought 40000 shares at around 80p so roughly £32k position. At 4-5% a year that's c £1300/yr just to keep the position open, on top of a falling share price that would eat into your capital. I use spread bets only for short term and v liquid shares but if it works for you, fair enough. Anyway, I think spreadex are out by now, given that u hold 40000 of them.

[cockerhoop] 15/2/2020 16:52

Cheers for clarifying Paul, I was pretty sure the Spreadex holding was a conventional long as i'm aware several of you 'Mello Chaps' (for want of a better description) use Spreadex for small cap spread bets.

[paulypilot] 15/2/2020 16:05

40,000 of the Spreadex shares are mine, in a spread bet I've had for ages.

I'm planning on just running with it, for the foreseeable future. The turnaround seems to be starting to gain some traction, so let's hope the share price recovers. Mkt cap is very small for a technology company, as the last WH Ireland note points out. Shouldn't be any need for dilution either, which is good.

The nice thing about this type of very illiquid share, is that when good news does come out, nobody can buy any stock. So they're forced to bid the price higher, repeatedly, just to get small tranches. If existing holders sit tight & resist the urge to sell, then the price can go up a long way. I've seen that with BOTB in the last year or so - lots of buyers, and not many sellers. Also when positive news starts to flow, it often gathers momentum, and is followed by more good news, as new products win contracts. Let's hope so anyway. It's been quite a long haul here already, I paid about 80p originally, some time ago.

Paul.

[likitorma] 15/2/2020 10:28

I was quoted 66p for 10,000 shares at the end. As you know, I have a good broker but that was the best price she could get.

[cocker] 14/2/2020 21:58

Just noticed a 20k @64p last thing. Bodes well for 1st thing Monday

[cockerhoop] 14/2/2020 20:43

I'm not convinced there are any shorts, the physical shares (I think) have just been a stale holder selling into the recent share price strength. Not sure about the spreadbets.