Touchstar Share Discussion Threads

[rivaldo] 14/10/2016 15:25

The m/cap here is only £5.3m (the ADVFN figures are wrong).

TST have just stated that trading in H2 will be "slightly stronger" than H1's, which in turn represented a strong turnaround from last year's H1 loss.

Leading to new analyst forecasts of 10.3p EPS this year.

[rivaldo] 14/10/2016 12:23

Cheers hastings, that's good to hear. Do you know when exactly the presentations are? And to whom - it would be good to enable private investors (including me!) to attend.

[larva] 14/10/2016 11:21

5000 dumped AT 82P,


3P UNDER THE PRICE


NASTY!!!!

[larva] 14/10/2016 11:01

The UK Referendum vote to leave the EU has resulted in a sharp increase in component costs due to the impact of exchange rate movements.


This could warn on profits soon

because illiquid you won't be getting out
could easily halve imho

[hastings] 14/10/2016 10:41

Another good spot rivaldo and worth remembering that TST is raising its profile next month with a few presentations.

[spooky] 14/10/2016 10:41

Looks as though the market may have found some stock.

[larva] 14/10/2016 10:37

Going NUTS!!

[spooky] 14/10/2016 10:21

If anyone tips this they are going to boom IMO, its such an obvious story. I suspect the market has been holding them back in an attempt to pick up some stock, they just won't let you buy them.

[tattooed93] 14/10/2016 10:10

If Midas tips this this then it will be 140p on monday morning

[tattooed93] 14/10/2016 10:08

Breakout and PE of 8

[spooky] 14/10/2016 10:07

I am amazed that there hasn't been more interest in this. Trading at 8 times prospective numbers, no debt, great turnaround story, run by someone who did a similar job at Avesco. It's a fairly straighforward recovery/growth story in the tech sector, which will capture the imagination of tip sheets and PIs alike.

[rivaldo] 14/10/2016 09:51

Not much stock around - seemingly rising on every buy. This is new on TST's web site:



"TouchStar’s TS8000 handheld to enhance data capture operations for leading luxury vinyl flooring specialist

Robust and reliable, the TS8000 is well suited to rugged warehouse environments and is set to roll out across the picking operation within Karndean Designflooring’s Evesham based warehouse operation.

Founded in 1973, Karndean Designflooring are established for supplying a wide range of wood and stone luxury vinyl floor designs for residential and commercial environments.

Based at its head office and state of the art showroom in Evesham, Karndean is the UK’s market leader in LVT with more than 300 unique designs including its latest LooseLay Longboard collection.

With their excellent customer service in mind, Karndean continues to invest in their operations with the latest technology and infrastructure. For their warehouse, Karndean were looking to upgrade their existing hardware estate to futureproof their operation and processes. The hardware upgrade will see the flooring specialist integrate TouchStar’s latest in house manufactured handheld terminal, the TS8000.

Incorporating the latest near far imaging technology, Karndean will benefit from reduced misreads of both damaged and corrupt barcodes as well as enhanced reading of shrink wrapped products. With proven integration into its impressive warehouse management system from Chess Logistics Technology, the TS8000 will also provide high speed data capture for increased productivity and efficiencies as well as a futureproof solution that is scalable to support future requirements such as the reading of 2D barcodes.

With a high level of expertise within the logistics sector, TouchStar have over 30 years real world experience in the integration, installation and support of data capture systems into leading warehouse and distribution operations. The system will be fully supported in the UK by a comprehensive support and maintenance package ensuring reduced downtime and a seamless operation.

Richard Crook, operations director at Karndean Designflooring comments, “We’re delighted to work with TouchStar Technologies. Our commitment to our customers remains at the forefront of our operation, by integrating the TS8000 we’re looking forward to optimising our warehouse processes to support our UK operations. Both TouchStar and Chess have a proven track record of successful integrations within the warehouse and logistics industry so we have confidence that the solution will have a positive impact on our operations.”"

[varies] 11/10/2016 13:35

Whilst 82p is an all-time high for TST it represents barely 5p for the old BVM shares.
I think that these reached about 8p in 2011 equivalent to 128p post consolidation.
I have built up a decent holding over the last 5 years on which I must now be just about all square.
The market is very thin and I intend to stay aboard and hope to be rewarded for my patience. A dividend next year would be very welcome.

[norbert colon] 06/10/2016 06:49

Hi Riv. Yes still here of course. Thread now updated - thanks for the reminder.

[rivaldo] 05/10/2016 22:34

Is Norbert Colon still around? If so, could you change the thread header post, as the new forecasts are now higher at 10.3p EPS this year and 12.6p EPS next year.

The broker target price has also increased to 103p.

[rivaldo] 05/10/2016 11:53

Many thanks hastings, terrific article. If Ian Martin can do a similar job for TST as at AVS then we'll be in clover :o))

Nice conclusion:

"Concluding, he tells me that next year should see the real benefits feeding through the business following a strong integration of the operations with increased cross selling which has also seen a focus on back office services providing a shift to a SaaS model that can provide for an increase in contracted revenues.

Having delivered EPS at the halfway stage of 4.69p and spoken of a stronger second half to come, Touchstar is on track to deliver full year EPS of 10.3p which gives a PER of just short of 8 at the current price.

That looks decidedly attractive enough, but with a £600k pre-tax profit pencilled in for next year providing for EPS of 12.6p, then that rating falls to a low of little more than 6.

Indeed, the £1.03p broker target price would see the stock trading on a PER of only 8, still some way below the wider sector average of 10, which gives plenty of scope for further share price appreciation.

Having already delivered on his early plans which were exactly what as he laid out to me in our first conversation just over a year ago, he appears confident of moving this on to the next level."

[hastings] 05/10/2016 09:58

Cheers guys, glad it's of use.

[pavey ark] 04/10/2016 22:34

Excellent reading Hastings, very positive.
Sounds like my sort of a guy and his comments certainly point to the fact that the changes in management were long overdue.

[pj 1] 04/10/2016 21:14

That's great thanks Hastings

[hastings] 04/10/2016 20:51

Further thoughts and comment that may be of interest.

[hastings] 30/9/2016 17:32

Nice end to the week.I should have something penned for Monday/Tuesday after speaking with Ian Martin that may be of interest to other holders or for those taking a look.

[rivaldo] 30/9/2016 11:26

Nice to see 10k of buys having such a dramatic effect...