Touchstar Share Discussion Threads

[rivaldo] 13/8/2021 14:34

Two trades of 60,571 shares each at 89p - 9p above the 80p offer price - just reported?!

[pavey ark] 09/8/2021 12:39

I've no idea as to the motives behind the silly ill informed posters we have here but to be taken seriously they should realise that some sort of knowledge/insight into the company they are trying to trash is a rather basic requirement.

"40p coming" ...."placing soon" doesn't really suggest that they are knowledgable or can put forward any sort of rational/balanced argument.

On A personal note:
I've been here some time and hold a reasonable number of shares.
From my current spread sheet (set up Nov 2019)I am showing a profit comfortably into five figures.

Please note that this has been achieved by the age old technique of buying when I think the price is low (silly low) then selling when things become sane.
I have bought three times and sold four times but never for more than 20%/25% of my core holding.

I still hold 89% of my Nov 2019 holding and have absolutely no intention of selling any time soon.

Sorry to bore with basic investing logic but the Access Control business looks to be in a very good space at the moment.
One thing to have everyone in ....a desk at the front door ....business as it has always been....things are very different now.

[varies] 06/8/2021 21:00

Unlike Onehanded and Arthur Lame I expect the results for the half year to 30 June, due in 5 or 6 weeks time, to conform with the positive tone expressed at the AGM.
It takes all sorts to make a market but, if the pessimists here are short, then they may get squeezed.

[onehanded] 06/8/2021 14:25

Poor management team lost 750k on nothing. They need a placing soon.

Last placing heavily discounted here on TST, expect around 15% this time. Would have to be very soon before the share price falls to much. Best to sell and get in on the heavily discounted placing. That's what holders have been doing since the 80p - 90p range. Still very toppy.....

Big red flag as last update saw a fall in revenue and NO forward project. Can only mean lower revenue and either profit warning or heavily discounted placing. Not good forecast.... spread so wide it's another red flag.

[arthur_lame_stocks] 06/8/2021 12:07

Well they might at least force him to be more transparent in his announcements. I took the AGM statement to mean that they will make a healthy profit in the first half.

[arthur_lame_stocks] 06/8/2021 11:40

Well if they don't turn a profit in the first half I am going to report Ian Martin to the FCA for making misleading statements to the market.

[cocker] 06/8/2021 11:38

Well we can all nit pick the bits we like or want to hear and you are entitled to do so. I have done very well here for now albeit has taken some time, but personally I feel I will be justified to have not banked my paper profits for now, I guess time will tell us who is right and who is wrong

[dolittle1] 06/8/2021 11:03

Well, intending to spend ~£750k on OnBoard and then writing it off after around 12 months. Hardly a master stroke.

[cocker] 06/8/2021 10:19

And what a master stroke that now looks to have got shot of a part of the business that would have either folded or would have drained company finance's. Since cash has risen to such huge amounts that a return of it to shareholders is on the cards, tax free if my memory serves me right but would have to confirm this. Not only that but pre covid the company was on the verge and has since come through with order book rising to 750k since last update.

[dolittle1] 06/8/2021 10:04

Wow, they raised money in 2018, with £736k to be spent on on-board retail. In full results of 2018, they then decide to impair on-board. Then, 2019 it sells Onboard for peanuts. Does not seem best use of shareholder money. Not inspiring confidence.

The decision has also been taken to impair the carrying value of the development in 2018 which has been identified as an exceptional cost on the Consolidated income statement.

agreed the sale of the trade and assets of its non-core business, On-board Retail, to Jon Hall, a director of the Company, for a consideration of £10,000 payable in cash on completion plus 15% of the gross revenue of certain contracts between completion and the second anniversary of completion.

[onehanded] 05/8/2021 13:07

big red flag as last update saw a fall in revenue and NO forward project. Can only mean lower revenue and either profit warning or heavily discounted placing. Not good forecast.... spread so wide it's another red flag.

[onehanded] 05/8/2021 11:58

last placing heavily discounted here on TST, expect around 15% this time. Would have to be very soon before the share price falls to much. Best to sell and get in on the heavily discounted placing. That's what holders have been doing since the 80p - 90p range. Still very toppy.....

[cocker] 05/8/2021 11:17

Heavily discounted placing of 10 million like over at deep vag, is that what your getting at?

[hydrus] 05/8/2021 10:53

But that's when they had net borrowings. They now have a v healthy cash balance.

[dolittle1] 05/8/2021 10:50

Jan 2018, they said the following. Then two weeks later, they did a heavily discounted placing (24% discount).

The Board of Touchstar plc ((AIM:TST) 'Touchstar', the 'Company' or 'the Group'), is pleased to announce that it expects the outcome for its financial year ended 31 December 2017 to be in line with market expectations with profit, adjusted for exceptional items, after tax expected to be approximately £400,000 on turnover for the year of approximately £8 million. The second half has seen continued progress in delivering new solutions and phasing out old products and pleasingly the second half has seen two subsidiaries; Touchstar OnBoard Retail and Touchstar Proof of Delivery, deliver significant roll outs of recently developed software solutions.

[hydrus] 05/8/2021 10:43

Why would there be a placing when they had net £1.7m cash at end of December? I'm puzzled.

[onehanded] 05/8/2021 10:38

yup profit warning due... best to get out... then heavily discounted placing on the cards.. so liquid could go to 40p in a short time with very few sells. Sudden drop in revenue on last update reported.

[dolittle1] 05/8/2021 10:35

At the start of 2020, order book stood at £1.2million. So, hardly convincing. Might see profit warning soon.

[cocker] 05/8/2021 10:10

Exactly where do these guys pop up from. Placing, the company may look to give cash back to shareholders so no chance of a placing unless for an acquisition. Order book has increased to 50% since year end at the last update to 750k, pretty impressive I would say. So really not sure what you guys expect from a company especially here on AIM, I would have to say this ones a little gem and mrk cap is peanuts without taking into consideration any of the cash held.

[dolittle1] 04/8/2021 22:16

I guess just a matter of time before we are back to 40s. Bet next trading update contains a profit warning.

[boonkoh] 04/8/2021 22:05

Surprised the price has held up so well.We know that the sales cycle here is long and the order boom has been decimated. Latest AGM statement said "recovery" and gave an order book number that is far from pre-covid levels.So am puzzled why its so highly valued. When the results come out, we're going to see low revenues and profits, that don't support the current share price

[dolittle1] 04/8/2021 14:33

Placing soon?

[rivaldo] 28/7/2021 11:00

New case study uploaded today:



Extract:

"The Challenge

Magnavale’s Group Headquarters, strategically placed in Chesterfield, houses over 500,000 sq.ft of warehouse space and more than 50,000 pallet locations. The main use of data capture within the operation was to facilitate the movement of pallets within their cold store put away and picking operations. With their existing data capture equipment now unsupportable Magnavale were concerned about the costs and potential impact on service levels. As a forward-facing company, Magnavale made the decision to upgrade the RF equipment within their Chesterfield operation, ensuring a futureproof and scalable solution was selected to support future growth plans.

The Solution

The challenge for Magnavale was to source some new RF devices that would be able to integrate directly into their existing WMS system. Following an extensive research and testing process, Magnavale turned to leading UK manufacturer TouchStar Technologies, selecting their fit for purpose TS8000 handhelds and TS7000 truck mounts for the upgrade.

etc"