Touchstar Share Discussion Threads

[likitorma] 30/6/2020 20:01

So, real ask at COB was 53p, not the advertised 60p. So, will drop in the morning and share price will then depend on whether there are buyers around.

[cocker] 30/6/2020 10:49

Trakm8 also a big riser today. Bodes well for the sector

[cocker] 30/6/2020 09:43

No I didn't. I have however mentioned on numerous times about illiquidity of shares, but it seems Ian's philosophy on this is value will be added as and when.

[pavey ark] 30/6/2020 09:42

Couldn't be better.

As I have quite a few of these I couldn't resist a bit of looking at where the price might go and £1 does not seem unreasonable (not this week though!!).

At £1 the market cap is £8.1m so just for neatness knock £1.1m cash off and apply a reasonable PE of 12 and you get..............£600k profit.

Well it's something to aim at and doesn't look impossible but let's get past the placing price first !!

[likitorma] 30/6/2020 08:27

My confusion, Rivaldo. King of the Castle apologises.

[cocker] 30/6/2020 08:21

Cash is king and given the order book it's a update that we have all wished for. Now for the AGM questions and answers later

[rivaldo] 30/6/2020 08:17

Nice start on some small-scale buying.

You are wrong likitorma. Nowhere in today's statement does it say - specifically - that the "cash balance is SIGNIFICANTLY higher than £1million", as you put it.

It merely says that TST "will report significantly higher cash balances at the interim stage than those we started 2020 with."

Since TST started the year with £850k net cash, it's likely that they will now have well over £1m cash. As I said.

I'm always happy to be corrected. But not when I'm right!

[cocker] 30/6/2020 07:57

Also worth noting is that we still have 500k on the order book as of today going into usual stronger 2nd half.

[bio_tango] 30/6/2020 07:42

Pleasing update. This is due a rerate. I reckon it is just a matter of time before the wider crowd spots it or a takeover comes in. Seriously undervalued.

[likitorma] 30/6/2020 07:35

Rivaldo, they actually state that cash balance is SIGNIFICANTLY higher than £1million. FFS.

[rivaldo] 30/6/2020 07:31

Agreed, that reads extremely well. Net cash must now be well over £1m (against a £3.9m m/cap), and the revamped business is profitable and outperforming against expectations, with a "strong" H1.

Congrats to the TST team.

[cocker] 30/6/2020 07:18

A very good update and very pleased to hear orders still being taken. Given the current situation like every business, hard to give guidance for year end. Happy to hold and will pick up shares as and when.

[likitorma] 30/6/2020 07:14

FFS. First half profitable and reporting cash balance significantly higher than year end (so, significantly higher than £1 million).
Order book for second half actually looks better than I anticipated.
I knew I should have bought at 45p. Fack you, TDay.

[likitorma] 29/6/2020 22:36

Glad to see a few sellers. Still waiting for 40p to start buying.

[bio_tango] 29/6/2020 12:08

I have reviewed Ian Martin's transactions and he has £518k invested with an average of 64.4p (to 1 dp). He is not currently taking any salary from the company.

Date Shares Price Money
18/12/2019 10,000 30 £3,000
18/12/2019 60,000 36 £21,300
26/09/2018 35,000 45 £15,645
02/05/2018 32,000 62 £19,840
14/02/2018 333,000 60 £199,800
29/09/2017 15,000 70 £10,500
14/02/2017 10,000 88 £8,800
30/01/2017 10,000 85 £8,450
27/01/2017 25,000 81 £20,150
21/06/2016 84,750 60 £50,850
19/06/2015 190,500 84 £160,125 (BVT shares)

[likitorma] 29/6/2020 08:23

I see this one going to above £1, esp if they achieve profitability for first half of this year. Please can the sellers appear, I want to buy below 40p. Last time I put the buy order at 45p, and that TDay ruined everything.

[cocker] 26/6/2020 12:49

On their web site, I have just read the lease offering that TST do for their hand held equipment. Not sure if this is new, but definitely a carrot to any business thinking of a purchase.

[bio_tango] 26/6/2020 07:27

For those wishing to ask questions at AGM:

7. Questions for the board
7.1 Questions may be submitted to the board in writing (via email or post) in advance of the annual general
meeting.
7.2 Questions submitted via post should be sent to the Company’s registered office; emailed questions should
be sent to the following address: [e-mail]
7.3 Written responses to any questions submitted will be circulated after the annual general meeting to all
persons who have submitted a question.
7.4 Questions must be received 48 hours in advance of the annual general meeting.
7.5. The board reserves the right (acting in good faith) to disregard any questions which appear to be frivolous,
vexatious or unrelated to the Company or the business of the annual general meeting.
7.6. As with questions asked in person, the board's response will be subject to any prevailing obligations of
confidence and/or stock exchange rules.