Touchstar Share Discussion Threads

[smithie6] 11/12/2022 15:03

"some sort of recapitalisation"

btw
if my memory is correct that would be by obtaining court permission to delete the share premium account....which would then allow divis to be paid. The co. said another option was to just let time pass & the profits would move the capital situation into credit & allow divis to be paid, & avoid the costs of the court process.

(if my understanding is correct the "holding company" (not the group) accounts must show distributable reserves/cash (since any divi would be paid out by the holding co.). Which I think means having more assets than the amount raised via share issues. (need to remind myself)). (in effect, the money raised via share issues can't/shouldn't be shared out but needs to stay inside the co. , unless get court permission to waive that reqt. of company law)

[cocker] 09/12/2022 13:52

Suckling transport selects pod star 9th December. Just added another 2.5k as once again that's all one could get with a firm quote.

[smithie6] 09/12/2022 11:15

Crestchic lse:load received a takeover offer today.
A decent number of takeovers are taking place since many small companies are cheap.
Touchstar might end up being taken over imo.

[rivaldo] 09/12/2022 09:02

IMO the rising cash pile will most likely be used for dividends and reinvestment to further grow the business, with buybacks a less likely alternative.

Ian Martin has consistently flagged his preference for organic growth rather than acquisitions. He's also indicated that TST has potential for overseas growth. Now that new products and organic growth in the UK are coming through, perhaps he'll supercharge that growth via partnerships with international companies or setting up overseas satellite offices.

[varies] 08/12/2022 20:29

Much as I resent the level of taxation now applied to dividends outside ISAs and SIPPs, I do like to receive them.
It looks to me as if TST could resume payment next year, perhaps 1p per share or even 2p.
I don't much fancy a share buyback since there are so few shares available already but an acquisition might indeed prove interesting.

[smithie6] 08/12/2022 15:09

Any guesses for what TST might do with the cash pile ?

- phps a share buyback ?
- a special divi ?
- buy a related/useful company ?

[smithie6] 07/12/2022 12:23

...I added £1k worth !...I liked the contract for £1.5 million announced a few weeks ago.

the chart is looking good imo

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there should be a trading update in the middle of January.

[varies] 07/12/2022 12:15

Smithie6
Looking at the shareholdings declared on 4 April 2022, I see 9 holdings of 3% or more.
Individuals named are Ian Martin with 9.5%, T W G Charlton with 11%, R McDougall with 4.3% and R & W Millington with 3.1%.
Chelverton Growth holds 10% but this is a highly specialised investment trust and not a typical institutional shareholder.
It looks to me as if all these may be content to be locked in, hoping that tomorrow's jam may not be delayed much longer.
The holdings of Interactive, Killik and Charles Stanley amount to 23.5% and presumably represent small shareholders such as myself who hold through nominees. For myself I am content to be locked in and I expect that many others are too.
The lack of liquidity can be attributed partly to our reluctance to sell and partly to the reluctance of newcomers to commit themselves for the long term.
This has been one of the few years in which TST shares have out-performed the UK stock market.

[smithie6] 07/12/2022 11:35

do you think that the co. provided some software as well ?

....if they just provided the handheld scanners then it wouldn't have taken 6 months.

....I don't know.

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clearly very illiquid.
not so much a problem for us small shareholders but the big shareholders really are locked in, & hence need to really believe.

[rivaldo] 07/12/2022 11:26

Today's 2.5p tick up means TST are at 12-month highs in the run-up to the year end.

Here's a link to that fragrance oil contract:



A six month implementation, so quite a serious length of time. And it's good to see that there's potential for more:

"Plans for a new wi-fi network will allow for greater connectivity and will enable the business to extend the use of the technology into other areas of the business."

[smithie6] 05/12/2022 13:53

...looks like it is just for handheld bar code scanners

as part of a big IT update, including warehouse.

so, imo it looks like TST didn't get chosen to provide the IT system for the warehouse or for deliveries. :-(

That is the way I read it anyway.
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(the range of rugged hardware available from this tiny company is impressive ...but the annual sales of hardware is low, I wonder if the existing agents in other parts of the world can manage to get some sales orders....)

[cocker] 05/12/2022 12:29

Fragrance oil contract announced on web. Albeit probably a small contract, nice to see them rolling in which will all add to the bottom line. TST surely due a rerate soon given its cash pile alone!

[cocker] 29/11/2022 20:17

Certas energy upgrade on web today. Whether this is a new contract or notification of who was the big order from the recent rns, is anyones guess.

[cocker] 18/11/2022 15:23

So pleasing when my advfn stalker Kaka can see my investment starting to rise before his very eyes after his silly remark. Well moron for your information, one can sell up to 20k shares before no quote and yet can only buy 5k.

[rivaldo] 18/11/2022 13:29

New post from PodStar - interesting to see them looking to expand in the food and drink sector:



Extracts:

"Electronic Proof of Delivery (EPOD) software plays an important part in tracing the entire supply chain. At TouchStar, our EPOD system seamlessly integrates with your existing systems to create a digital record of the product’s journey, from point of delivery to the customer. This helps demonstrate compliance with regulations and is easily auditable should it be needed."

"An EPOD system can help with this by being able to prove cold chain compliance. Our PODStar system is able to capture the temperature of goods whilst they are in transit and on delivery. We are also able to attach photo evidence to the electronic receipt and digital file, ensuring it’s not lost."

[varies] 14/11/2022 13:22

Let us hope that these are kaka's shares and that he or she is now happier

[rivaldo] 14/11/2022 11:37

Nice 20,000 share buy at 84p reported just now from earlier today. Massive by TST's usual standards :o))

[cocker] 10/11/2022 21:34

Dopey you need to read my post rather than spend all day following me around. IM thinks a buy back is an option, not yours truely. Coupled with that if you think for one minute I would sell a single share under the brokers target price, you're deluded. TST have just won their biggest ever order in a sector that is spending like no tomorrow and TST has half its mrk cap in cash. Perhaps your better sticking with your almost bankrupt DVRG that you not only promoted on a regular basis, but have probably lost your shirt on. I'm sorry for the last few years that i tried to point out that it was a ponzi scheme in play, but if you choose to ignore, hardly my fault moron.