Touchstar Share Discussion Threads

[bio_tango] 07/7/2020 10:18

Hi, I understand the few sells this morning was a technicality to go below 1% threshold so that full disclosure is not required in the event of a takeover approach.

[cocker] 07/7/2020 09:52

The chances of you buying any shares is less than Mark Hardy & that's saying something.

[rivaldo] 06/7/2020 14:07

You've been saying there's been no buyers since 40p. Yet here we are at almost 60p :o))

[cockerhoop] 06/7/2020 08:52

Used one of my free page visits.......things I do for you Rivaldo ;-)

Touchstar (TST) has updated including “positive trading has flowed into greatly improved cashflow” – and the shares have currently responded nearly 20% higher to 55p...

The company - which “supplies turnkey mobile solutions to the logistics, warehousing and fuel delivery markets in addition to providing access control to high profile and public sector buildings” - adds “we continue to generate free cash and will report significantly higher cash balances at the interim stage than those we started 2020 with… New orders continue to be taken, with the order book expected to be over £500,000 at the end of June”.

The 2019 calendar year results showed, after continuing operations revenue of £6.7 million, cash of £3.1 million against borrowings of £2.3 million (the net £0.9 million comparing to a prior year £0.3 million), other current assets of £2.6 million (2018: £3.6 million) and other current liabilities of £3 million (2018: £2.8 million) and noted that “the year-end order book was up 372% to £1.2 million compared with £0.25 million at the end of 2018”.

It also cautions, “we feel that the C-19 crisis is far from over and the negative economic implications from this health crisis are now starting to be revealed. So, given the uncertainty, we are not yet in a position to give full year guidance for either 2020 and 2021 until at least the release of our interim results in September”.

The market cap though is still only £4.7 million and the continued net cash generation and potential on wider business activity recovery means we remain positive here. We continue to believe an 80p+ share price could prove easily justifiable and hope our previous update on the company was heeded. At up to 60p, still a buy.

[rivaldo] 06/7/2020 08:24

TST were tipped as follows on Friday, presumably in the late afternoon, which would account for the buying - hopefully further buying to come.

Anyone got access?



"Touchstar – shares further recover on AGM update, more to come...

By HotStockRockets | Friday 3 July 2020

Touchstar (TST) has updated including “positive trading has flowed into greatly improved cashflow” – and the shares have currently responded nearly 20% higher to 55p..."

[cocker] 03/7/2020 16:35

What a pleasant surprise for the weekend. Looks as if the Trakm8 rns has had a slight knock on effect here. Once again any buying is sending share price northwards

[cocker] 03/7/2020 08:42

Trakm8, has had a good rns this morning. Bodes well for the sector once again

[rivaldo] 02/7/2020 10:50

Cheers bio_tango - that reads extremely well.

[smithie6] 01/7/2020 22:14

copied from that info

"Touchstar poised for a positive post-pandemic future after strong Q1 Results
Outstanding performance in Q1 – 49% growth

The first quarter sales of 2020 saw a 49% growth on the first quarter 2019.

The order book for the start of 2020 of £1.2 million, demonstrates a 300% improvement from the previous year. The strong start is testament to the new product set, gaining massive market acceptance in the industry.

This is a terrific start to 2020, "

----

a liberal presence of very positive words in there

:-)

[bio_tango] 01/7/2020 17:50

New article from TST website written by Mark, CEO:

Touchstar – Group Announcement – 1st July 2020

Touchstar poised for a positive post-pandemic future after strong Q1 Results
Outstanding performance in Q1 – 49% growth

The first quarter sales of 2020 saw a 49% growth on the first quarter 2019.

The order book for the start of 2020 of £1.2 million, demonstrates a 300% improvement from the previous year. The strong start is testament to the new product set, gaining massive market acceptance in the industry.

This is a terrific start to 2020, and although we recognise that Covid 19 will impact all businesses over the coming months, we remain confident our products and services are world beating and at the cutting edge of technology.

Rapid Covid-19 Response ensured Q1 gains weren’t lost

When it became clear that the COVID-19 pandemic was going to have a significant and wide-reaching effect, the strong Q1 position enabled us to be proactive. We took steps to ensure we could continue to support customers and protect our staff in early March, weeks before the start of the official lockdown.

By the time lockdown began on 23rd March, Touchstar was already following a strategic road map designed to help us operate and navigate through the crisis, however prolonged it might turn out to be.

Covid Impact – Demand remains high

Many of our customers have an essential role to play in fighting the pandemic through the provision of essential services such as maintaining the fuel and food supply chains. This means that, even during lockdown, demand has remained encouragingly high and new orders have continued to be received.

As well as providing our customers with extra service support to help them through this challenging time, our product development team added coronavirus-related functionality to one of our proof-of-delivery software products. This enabled logistics personnel to be prompted to carry out mandatory health & safety checks established by their employer and to record that this activity had been undertaken.

Future Outlook – our team ethos will continue to benefit our clients

At the time of writing, lockdown restrictions are being further eased and we are carefully carrying out a prudent ‘back to business’ plan.

We are exceptionally proud of the team behind Touchstar Technologies; the commitment of each and every individual has enabled us to weather the storm of the pandemic and emerge strong in order to support our valued customers, both existing and prospective.

The COVID-19 crisis is obviously far from over, and it remains impossible to predict how it will ultimately play out, both in our UK and international target markets. We will continue to focus on the factors we can control – providing market-leading digital technology and top-quality customer service and conserving our resources.

We are hugely impressed and encouraged to see the tenacity and responsiveness of our customers and the ways they have dealt with the pandemic and continue to do so. We are as dedicated as ever to ensure they have the data capture infrastructure, products and support they need to drive their businesses forward.

Mark Hardy CEO,

Touchstar Technologies

[likitorma] 01/7/2020 07:53

So, we should see around 10% to 15% drop today when they correct the bid and ask.

[bio_tango] 30/6/2020 21:15

From Sharesoc:

"AGM Statement. Here are my notes from first thing this morning, when I had a quick skim;

Momentum has continued
Strong interim result for H1 expected
Greatly improved cashflow
Order book >£500k at end June 2020
£150k CBIL borrowing, plus unutilised £300k bank facility available
No guidance due to uncertainty

My opinion - I'm quite pleased with that. It's a tiny business, but with interesting products. It looks solvent. I'm not sure why the stock market ascribes it such a lowly valuation, when there's interesting potential here. Am happy to continue holding."