Touchstar Share Discussion Threads

[cocker] 28/7/2022 20:31

Also announced today wfc northeast contract for fuel delivery. It seems as if this is part of the business is flying at the moment.

[cocker] 28/7/2022 14:30

Question is, was this part of the 1.1 mill order book or a new contract.

[rivaldo] 28/7/2022 13:20

Another contract win just posted:



Extracts:

"Donegal Oils select Android In-Cab Computers from Touchstar Technologies
26 July 2022"

"Touchstar hardware and software solutions are specifically designed for the fuel distribution industry. The company has invested heavily in the development of a new range of terminals based around the Android operating system. This platform offers multiple technical benefits over previous generation Windows devices and, as a progressive organisation, Donegal Oils readily accepted Touchstar’s suggestion to upgrade their fleet hardware.

Donegal Oils are confident FuelStar will continue to streamline and improve their end-to-end delivery processes. To date the key benefits have been identified as:

Real time transmission of ePOD’s, to enable same / next day invoicing.
Control driver workflow to a standardised level, for improvements to efficiencies, safety and service.
Automated, electronic start of day vehicle checks.
Reducing manual administrative tasks like re-keying data.
In-cab Sat Nav, with truck attributes"

[pavey ark] 27/7/2022 19:39

Given that TST are rather focused on recurring revenue this would impact the revenue growth.
The increase in revenue was 7%
The increase in recurring revenue was 18%.

The spate of recent contract wins were in May/June and I can't see recent contracts resulting in a large cash payment to TST at this stage.
Yes an initial payment would be made but then staged payment and even these may be lessened by hardware hire, support, softwares updates.

The above is the way to "substantially higher profitability".

Big ticket hardware sales look good (high revenue) but it's the bottom line that counts.

[russman] 26/7/2022 20:26

At least it was some communication; still could have said more i.e future dividend policy.

[cocker] 26/7/2022 17:35

To be honest I was hoping for a bit more than the 7% given that the general economy has been thriving and inflation is on the up. I also didn't like the 8am TU submission and would have liked a cash update, as well as something on what they intend to do with their cash pile. Saving grace is order book of over 1 million.

[rivaldo] 26/7/2022 09:27

WH Ireland have now updated, and they have a 120p target price.

They retain their forecasts for the moment of £0.4m PBT and 5.5p EPS this year with a £2.4m cash pile, rising to 6.7p EPS and then 8.4p EPS (with a £3.1m cash pile).

They conclude:

"WHI view: This morning’s update illustrates both continued positive trading momentum, alongside progress against the Board’s key strategic objectives. The shares now trade on an FY 2023E EV/Revenue multiple of just 0.6x, EV/EBITDA of just 2.4x and PER of 11.2x. With over 40% of revenue now derived from recurring contracts, we believe there is the potential for the shares to re-rate as the strategy continues to be successfully executed. We see fair value for the shares at 120p."

[rivaldo] 26/7/2022 08:17

A very pleasing H1 trading update just out.

- profitability is "Substantially higher"
- recurring revenues continue to rise and are now 41% of total revenues
- the order book has zoomed up from £646k at 31/12 to £1.1m now, auguring well for H2
- and TST are looking to "deliver full year results at least in line with market expectations", so would seem to be pretty confident.

The cash pile was £2.4m at 31/12/21 - 37% of the m/cap - so should have risen further now.

The turnaround appears to be gathering pace at this £6.5m microcap. Looking good:

[elbillo] 26/7/2022 08:16

RNS out, looking good.

[rivaldo] 25/7/2022 14:55

A nice contract win announced today for this coming H2:



Extract:

"Touchstar Android mobile computing devices will be installed across Bilsland depots as part of a roll out commencing in August 2022. By the end of 2022, the company is aiming to have TouchStar technology within its entire fuel fleet.

The company is also intending to make extensive use of the new Touchstar ‘Mapping Console’ module. The Mapping Console matches the wealth of client and order information contained within the Touchstar ‘FuelStar’ front-end application with GPS technology to provide accurate real-time data on the geographical positioning of vehicles and LOB (Load on Board) status. A full historical audit trail of any time period is visible and specific filters can be applied to assist with easy and logical interpretation of the data e.g. identification of vehicles closest to a particular Address/Postcode/Town/POI or the advanced filtering of vehicles carrying specific products. The available information can be utilised to optimise delivery processes. For example, ‘expected LOB’ data can be used to re-purpose the LOB to different deliveries.

System benefits

Personnel across the Bilsland organisation have already witnessed a wealth of benefits following the installation of the TouchStar systems:

Keeping operations COVID-19 safe - TouchStar technology negates the need for fleet drivers to enter the office, enabling the company to adhere to COVID-19 social distancing measures while operating safely.
Improved company-wide communication - The interlinked computer system facilitates real-time two-way data between the front-end mobile terminals and the back-end fleet management and accounts packages. This streamlined communication provides a far more seamless operation for both Bisland and its client base.
Better visibility – Improved visibility and tracking of order progress and status.
Greater flexibility – The TouchStar system provides real-time ‘left on board data’ which enables an urgent delivery / sudden orders to be prioritised and scheduled, aiding workflow, boosting customer service and facilitating reactive flexibility.
Reduced administrative resources – having multiple systems which communicate with each other has vastly improved daily business operations and reduced paperwork
User-friendly systems – The large display and user-friendly interface of the Touchstar mobile computers allows easy operation by drivers of varying ages and safeguards the investment for the future.

Big benefits have also been realised around proof of delivery and customer invoicing activities. The automated system now involves a full audit trail, removes previously hand-written paperwork and makes for significant time efficiencies to be made, massively boosting productivity.

The TouchStar technology has enabled James D Bilsland to be able to focus on customer service and continue to provide the seamless delivery of fuel within this service-based industry."

[cocker] 13/7/2022 09:59

TU coming soon, so we should hear that H1 met estimates and hopefully what will happen to cash pile. If my memory serves me right there could be a pay out that won't be a subject to tax due to capital reorganisation. What I hope doesn't happen is a share buy back as its hard enough to trade as it is.

[pavey ark] 12/7/2022 13:53

TST picked as one of only five shares that meet all the criteria to be included as a "Slater stock "

IC 11/7/2022

Surprised that there has been no share price reaction.

[cocker] 28/6/2022 13:39

Another contract win today, but this time with surveillance arm of the group. TU in July should be a good read

[cocker] 21/6/2022 20:46

Well I guess that albeit disappointing that the agm didn't have a TU update so close to year end, it's worth pointing out that the company continues to secure contracts on a regular basis if one is prepared to read the Web site on a regular basis.

[russman] 21/6/2022 19:46

A missed communication opportunity

[microscope] 21/6/2022 15:59

Just looking through this company's RNS history, yes they have trading updates from time to time, but I can't see a single stand alone contract win RNS.Perhaps today's sign of a more proactive approach would help liquidity and interest, were it to be extended to new contracts of a decent size.

[rivaldo] 21/6/2022 09:47

TST never used to issue AGM trading statements - I suppose we've been spoilt the last couple of years due to Covid as there was a need to issue updates to the market.

Since there's been no update we can presumably assume trading is in line with expectations, since otherwise TST would have been obliged to say something.

Hopefully we'll get a half year trading update in say early July, although this is also not something TST have done in the past pre-Covid.

[russman] 20/6/2022 17:34

where is the AGM statement?

[cocker] 14/6/2022 17:08

And another contract win today with Findel!

[varies] 10/6/2022 15:06

The AGM is to be held on 22 June and I have just been looking at the agenda.
I am glad to see that action is proposed (as indicated when the results for 2021 were announced) to enable TST to pay dividends or buy shares back.
The company (as opposed to the group)has a deficit of £2,896,000 on its P&L account. It has a Share Premium Account of £1,118,774. This SPA is to be reduced.
Two of its subsidiaries have reserves out of which £1,200,000 and £600,000 could, once the formalities are completed, be available for dividends.
The mechanics of the operation required are beyond my understanding but a Court Order is required to safeguard creditors.
Supposing that TST continues to make progress, we may reasonably hope to receive a dividend before long.

[cocker] 23/5/2022 14:44

BATA selects Fuelstar epod. Wow the contracts just keep coming and coming