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Share Name Share Symbol Market Type Share ISIN Share Description
Touchstar LSE:TST London Ordinary Share GB00BD9YDB55 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 41.00p 0 08:00:00
Bid Price Offer Price High Price Low Price Open Price
37.00p 45.00p 41.00p 41.00p 41.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 7.87 -3.87 -56.83 3.5

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Date Time Title Posts
17/1/201907:42Touchstar Technologies Ltd384
24/9/201215:35Test thread5
02/12/200518:53** Test **-

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Touchstar Daily Update: Touchstar is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker TST. The last closing price for Touchstar was 41p.
Touchstar has a 4 week average price of 41p and a 12 week average price of 34.50p.
The 1 year high share price is 70p while the 1 year low share price is currently 34.50p.
There are currently 8,475,077 shares in issue and the average daily traded volume is 571 shares. The market capitalisation of Touchstar is £3,474,781.57.
varies: jeevsje I wish I could help but I know nothing of the broker note you mention. Considering the tiny market cap of TST I am surprised that any broker has produced one. Having held these shares for many years (and I only wish that I hadn't),I have concluded that I might as well hang on and hope for better times. These shares are not for trading. If you want your money for some better purpose, then I can only suggest that you sell your shares as and when you can until you are shot of them. The only consolation for an ever decreasing share price has been that every year this represents a smaller proportion of my portfolio than it did before !
jeevsje: What is annoying is that it is a well run company by a well respected chairman. Shame that he does not keep us updated through the appropriate formal channels. The share price is highly discounted already. Anyone know whether Mark is good enough at his job?
varies: jeevsje The relentless fall in the share price is demoralising but I do not think that the management should spend their time trying to re-inflate it. If sales and profits improve, then so should the share price. My advice (for what this is worth)is to cheer yourself up by looking at the profits you are undoubtedly making on most of your portfolio and forget about TST unless and until it comes right. If you have only a modest holding, you could probably sell it at over 40p and put this company out of your mind. We all lose money from to time. If we did not, we would seldom make any money. There is no point in moaning.
jeevsje: Shame on management allowing the share price to slide, the way it has. 27.5% drop from placing price at the start of the year.
pavey ark: Had a further, very close look at these results and they are very good indeed. At this stage of the "the plan" they generated over £600k in free cash flow.spent over £600k in developing the business and increased debt by a mere £7k The fundraising would wipe out the comparatively small debt and leave c.£1m free cash. The price to sales ratio (PRS) is a very large 1.5 and one million of the £5m market cap is cash. The three year development programme may have spooked some as I suspect that people imagine that it will be three years before a successful programme of development is reflected in the share price. Even though the company will continue to invest heavily the results will show t/o, operating profit and cash flow which should show improvement. The accounting rules have changed recently and a large proportion of the investment has to come from the profit and loss account and not capital. Fortunately this company generates a lump of cash and the results suggest that the development costs will be c.£300k cap ex,£600k generated cash over the next two years with about half this in the third year. All looks very manageable with a reasonable cash cushion in the background. More than happy to hold. Held a large number of the old BVM shares ( a large buy in the 2008 crash at under 2p) but sold most a few years ago. Bought more last year and added quite a bit more at and around 60p. This guy Martin would seem to be a big improvement on the previous management ( that wouldn't be difficult) but his folksy approach and his rather Churchillian " blood sweat and tears" may put some investors off.
pavey ark: If you look at the share price over the previous two months you can see that this was probably organised when the price was c. 64p. I think the very recent spike in the share price made things look a little silly. Also important to note that they are predicting a free cash generation of at least £470k/ year over the next three years, for a company with a current market cap of £4.26m this looks rather positive. People should also appreciate that in fund raising documents they have to be very careful as to what they say so these figures have to be conservative. Happy to take up my shares (3.75p/share in old BVM money) Edit: strangely enough I was on their web site last night and noticed announcement of four new appointments (14th Dec). I did wonder where the money was coming from, but now I know !!
pavey ark: Bit of a rush this morning so only a quick scan of the results and nothing really to bother me. Back in and had a more detailed look and they still look sound with nothing to cause me any concern. This guy said right from the start that there was work to be done and has put plenty of his own cash in. Recurring revenue has always been the real strength here and now we have:- Stronger, more focused management. New products. Low gearing. Still generating cash. The second half has always been much stronger and I expect this will be the case again. The company has a plan and is working through it and at the same time there is no stress or problems with the balance sheet. I'm happy to hold and let them get on with things. The share price may bounce about but I'm not concerned about the underlying business.
rivaldo: Good coverage: Http:// "Touchstar Citywire A-rated income investors David Horner and David Taylor have upped their stake in mobile business computing specialist Touchstar (TST), after its shares fell back slightly from a five-year high. The managers increased their stake in the business to a little over 10%. At a share price of 97p, the position is worth £621,000. Over the past year, the shares have risen by 61.7%. The position is the second largest in their £4.8 million Chelverton Growth trust, a specialist investment fund that holds micro-cap businesses. Touchstar has slid a little since climbing to 113p in April, the highest price demanded for the shares since mid-2012. The company, which provides tech support to warehouse, logistics and delivery staff, completed a major overhaul of its business in 2016, but was hit by a profit warning at year-end. House broker WH Ireland upgraded it to a buy in January, on a price target of 119p. "
pj 1: I suspect the BoD are going about their business and letting the share price take care of itself. I did note that AVS always appeared cheap on a fundamental basis. They have some serious Customers and there is always the chance another big one could land at any time I am caught between slowly adding now, or perhaps waiting for a bump in the road (which may not happen!)
pj 1: Here you go guys, and gals. Hope it's of some use. Its quite brief and it was a worthwhile trip for me to make. Touchstone Technologies (TST:AIM) 7 Commerce Way Trafford Park Manchester M17 1HW AGM- 14th June 2016 9:30 AM Attendees Ian Martin Exec Chairman, Jon Hall COO, Mark Hardy CEO, Natasha Rourke CFO, John Christmas NED This was my first attendance at this Companies AGM. The usual disclaimers apply. I am not licensed to give financial advice and no advice is intended. All views are my own and should be treated as such. I am a shareholder of the Company. The meeting started promptly at 9:30 AM which is perhaps too early for anyone travelling any distance. Other than the Board and senior Managers I was the only other attendee. I was given a warm welcome prior to the meeting with the usual courtesies. The Company operates in the mobile computing solutions market and is what I would class as a turnaround/ future growth stock after years of erratic and generally under achievement. The Board has been almost totally replaced with previously proven Directors which under pinned a bright start in 2016. Unfortunately, the Company then issued a profit warning and a bad debt provision on the 5th January 2017. A great start to the new year! There was no trading update given on the day of the AGM. All motions were passed with a show of hands. The only question raised was why the Company would want to possibly buy back up to 10% of its shares in the future. The answer given was that it was more of a customary motion to have included if ever the Company became cash rich. This then prompted the question of Dividends where the Company confirmed the current preferred route with spare cash would be to return cash via dividends although it should be noted there is no intention to pay a dividend currently. The meeting then became more informal with a tour of the Manchester site with Jon Hall and Mark Hardy and a brief discussion after. Please note that I am far from a ‘’techie’’ and a lot of the conversation would have gone over my head during the tour. As expected the Directors were very positive, and all questions were, as far as I know, answered to the point. The key answers to questions from my recollections, in no particular order, follow: • Recurring Revs are currently 50%. 70% targeted • Currently targets are via organic growth. No planned acquisitions • Bradford site to shut. Other amalgamations possible • Current Market expectations are ‘’challenging’’ but achievable. There is a definite risk of more ‘’bumps in the road’’, and Investors need to realise this is a long-term growth Plan (3 to 5 years) targeting £15/£20m Revs. at similar margins • Currently 10 employed sales staff. Relationships are still key (people buy from people) • Contracts are now starting to become all-inclusive with any repairs included etc but over a longer time frame. Customers often are not aware of developments in the Industry. • A major shareholder rejected TRAKS’s approach immediately • Bad debt -contingency has been put in place to reduce the chances of a repeat. The BoD believe it was a one off and have not had this problem before. The bad debt was via a University who insisted on the chain of contractors, resulting in the problem as one went ‘bust’ • I got the impression the BoD have no intention to ‘manage’ the share price. The 3/5-year plan was repeated again and they stated they do not want short term shareholders • The BoD connection to Avesco (AVS) was mentioned • India is a key area for development. No communication issues. • Private Investor presentations were mentioned, the Company does have plans to present to Institutions I believe (check), or some sort of B2B roadshow. The illiquidity has stopped some II’s buying in. I suspect the Company would prefer to have some more good news (market performance) though before any PI presentations. Sharesoc Manchester/ London was mentioned • Exit Plan-the question wasn’t answered other than by reference to the 3/5 year plan being in place The meeting was cut slightly short at the end as there was a Board meeting following. However, to be fair, I was on site for 90 minutes! PJB 18/06/2017
Touchstar share price data is direct from the London Stock Exchange
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