Touchstar Share Discussion Threads

[rivaldo] 09/8/2023 11:30

Good to see buying at the full 115p offer.

I would guess that the full H1 trading update will be on its way soon now that Chelverton are out and the new shareholders/buyers are in place.

Remember that on 21st June - almost on the half year date - TST stated:

"Trading conditions and trends remain positive and are consistent with market expectations"

[cocker] 08/8/2023 20:20

IM was a part of Chelverton and i see this as a related transaction that doesn't sit well with me. Where was our chance to buy 25k @91p, there wasn't one, we have to pay well above mid price and albeit not for me, many pi's wont stand a chance to accumulate as I have. Its also taken so much time to even decide what to do with the cash and now the shares aren't being cancelled, but going to be held in treasury. Oh and where is the TU?

[smithie6] 08/8/2023 11:07

..I'm up around 25%.....& I made some money on these lower down...before getting back in again.

so, I'm pretty happy !

[smithie6] 08/8/2023 11:02

...this week we are making a few pence/share almost every day

who needs a special divi imo !!
since getting a 'divi' every day this week !!

:-)

[smithie6] 08/8/2023 10:59

...but his buy was a token buy,

~£23k irrelevant

That person owns 10% of TST !

& all the shareholders post that they are very happy with his work/progress as the boss.

& done imo as a sign of good faith with imo the Millingtons, & to help the general atmosphere of confidence during moving a chunk of shares out of the hands of one departing instit.

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The Chelverton shares were held off market before ....& now those shares are held off mkt. No change. This recent transactions have not caused the illiquidity in TST.
Some microcap shares are illiquid. Fullstop. People know that before they buy. Some/many people hope that a microcap has a bigger chance of growth than a big blue chip, such as say Nestle. Up to each investor to pick the shares they want.

----

The illiquidity in TST shares ..it ain't gonna change imo, so, phps just need to accept it.
You wanted a special divi instead of a buyback. I can understand that, everyone likes receiving some hard cash ! But, in that case the illiquidity would still be the same imo.

[cocker] 08/8/2023 09:18

And my point exactly, when the chairman can buy 25k at 91p because he is privy to wh ireland info.

[smithie6] 08/8/2023 09:01

crazy official spread right now

100-115p

& I was quoted 101.5p to sell £1k & to buy £900 is 114p.

disgraceful imo !!

need a12% rise to break even ! ( if your broker works for free that is !!)

the co. perhaps should ask the MM for a justification

[smithie6] 06/8/2023 06:40

I congratulate the MD/CEO & all at TST for the excellent progress at the company since he took on the role. Resulting from the good work & skills of all the bod, managers & staff.

That a small UK company can suddenly take more sales of mostly IT products in countries outside of the UK is impressive imo.

Each to their own view but for me the recent movements of shares out of Chelverton in to the hands of others, incl. TST, was all done professionally/correctly & discretely. It is nice to have that possible risk (an overhang of shares for sale) out of the way.

Some might have preferred a special divi rather than a share buyback of some of the Chelv. shares. I can understand that view.

[cocker] 05/8/2023 14:14

Smudger, let me put you right on a few points. 1st of all could any of us buy shares at around 90p, No. Secondly the market is the market and if someone wants to sell that amount then so be it, as if price drops buyers will pile in. The Chelverton situation given that I think IM was once part of it or maybe still is, have been given preferential status from where i'm sitting. You also mention share buy backs with cancellation add value, well they are actually being placed in treasury which allows the company to issue share options or raise possible funds in the future on the back of that. Finally, buying up stock where on a regular day one can barely buy or sell 2.5k is ludicrous!

[smithie6] 04/8/2023 22:09

Would you have preferred that Chelv. just quietly sold shares in the mkt, drip drip drip, sapping mkt confidence & causing the sh. price to slide down.

C'mon, some of you write is wide of the mark imo.

-----

Over at ING they also did a share buyback. Not just TST bod that thought it was the best thing to do, rather than a special divi.

[smithie6] 04/8/2023 22:06

How did Chelverton get preferential treatment ?

Chelv. sold & Millingtons bt (& some by the co. & a few by the MD (tiny part of his holding, who cares ?!, its "completely" irrelevant !!)

What is preferential about that ?

You could have I think sold your shares at the same price, ~90p.

If you are not happy holding the shares, phps just sell ?

[allviewswelcome] 04/8/2023 19:09

The fact that a 10% shareholder has managed to offload their whole holdings without really affecting the shareprice would have been unimaginable a year or two ago.
I work for a business operates in a similar field to (or at least one that overlaps with) where TST operates and business is buoyant with a lot of businesses who have put off this kind of investment for a few years looking to upgrade. I expect the same is true with TST.

[smithie6] 04/8/2023 15:13

spread on the official quoted prices is 15%

ouch

while in reality the actual spread is hopefully lower

[smithie6] 04/8/2023 14:43

do we know if the Millington shares are shares under their discretionary control or owned personally by them ?

or is it not possible to know ?

or the shares are owned by the Millingtons since it does not say "discretionary" in the RNS ?

[davidosh] 04/8/2023 14:05

Robert Millington comes to the physical Mello conferences regularly and was there last November. I must try to get Touchstar to come and present at the next one this November. Tickets will be available soon but note the dates....29th and 30th November

[rivaldo] 04/8/2023 13:00

Yep, excellent news.

We know that Chelverton sold their last 670,000. TST bought back 225k, the Millingtons bought around another 225k and Ian Martin bought 25k so that's almost 200k unaccounted for - less than 3%, so unlikely to bring another holdings RNS unless the buyer already owned some or buys some more.

[cocker] 04/8/2023 11:00

Chelverton completely out as of now

[cocker] 04/8/2023 10:58

PTD operate in my home town and have been a major empoyer for years. They actually make high end specialist products but have like all british manufacturers been it by cheap overseas competition. Having said that their factory sits on a prime site that was sold and rented back to them some years ago and it was then the writing was on the wall.

[arthur_lame_stocks] 04/8/2023 10:39

I thought PTD was differentiated through the quality and characteristics of their leather?

[smithie6] 04/8/2023 10:31

btw

no one gets them all right

I see the Millingtons company website mentions Pittards (leather), whose shares have collapsed & the co. is teetering. (very tough sector with competition & pressure on margin: lesson ? avoid investing in anything whose products are fairly common & just competing on price versus others).