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TST Touchstar Plc

105.00
-1.00 (-0.94%)
11 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Touchstar Plc LSE:TST London Ordinary Share GB00BD9YDB55 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -0.94% 105.00 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
100.00 110.00 105.00 105.00 105.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 7.22M 639k 0.0779 13.48 8.69M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 105.00 GBX

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Date Time Title Posts
11/10/202411:05Touchstar Technologies Ltd2,382
11/2/202307:18Test 4
14/1/201414:11TEST THREAD PLEASE IGNORE32
17/8/201320:15dgfdfgdfgdfgdg6
24/9/201216:35Test thread5

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Posted at 11/10/2024 09:20 by Touchstar Daily Update
Touchstar Plc is listed in the Electronic Components, Nec sector of the London Stock Exchange with ticker TST. The last closing price for Touchstar was 106p.
Touchstar currently has 8,200,077 shares in issue. The market capitalisation of Touchstar is £8,610,081.
Touchstar has a price to earnings ratio (PE ratio) of 13.48.
This morning TST shares opened at 105p
Posted at 11/10/2024 11:05 by varies
Kinwah
Like you l have been keeping an eye on these 1% + declarations. The total so far comes to 35.38%.
Some of these are by shareholders already recorded with 3% or more such as Messrs Charlton and Millington and Unicorn Asset Management with about 22% between them.
Other shareholders with 1% or more may hold some of their shares through brokers such as Interactive, Charles Stanley, Killik and A.J.Bell each of whom is recorded as holding over 3% at 24 Sept 2024.
So there is duplication between these recent declarations and the 24 September list which accounted for 63.97% of the capital.
At that date 22.8% was "not in public hands".
It seems unlikely to me that bidders for TST (if there are any) will be appealing to shareholders over the heads of our directors and that our identities will be irrelevant to them.
Posted at 26/9/2024 09:48 by rivaldo
Interesting and encouraging that TST have "been approached by various parties about possible mergers, alliances or sale of all or parts of the business" over time.

IMO given forecasts of 11.5p EPS for the year starting in only 3 months' time, plus a likely £3m+ cash pile (say 40p per share), a takeover might bring anything from 160p-220p per share.

The H1 results are actually ahead of expectations according to management, with a heavy H2 weighting this year. Note that TST say the final outturn is "broadly on track" suggesting perhaps a slight miss on the 10p EPS forecast. But this is immaterial given the progress against 7.6p EPS last year.

Note too that the £1.74m cash pile is well down, only due to the £1.2m of additional debors and inventory at June 30th which will reverse in H2.

The 50% rise in the dividend is indicative of the confidence going forward.

Perhaps now is the time for more buybacks.
Posted at 13/9/2024 13:49 by rivaldo
TST are arranging investor meetings on 27th and 30th September and 1st October, so that would indicate the results will indeed be on the 26th or potentially the 27th.
Posted at 07/8/2024 09:43 by rivaldo
Great to see those two big pieces of news whilst I was on hols.

The selection of TST as Carr's Billington's "preferred supplier for mobile digital solutions" should be a biggie for TST given that Carr's divisions and "wide network of depots" "are located across the country from Brecon in Wales to Oban in Scotland".

And it should benefit this H2 onwards from the sound of this:



"We’re extremely excited to commence active use of the hardware and software and to start to accrue the numerous operational benefits.”

Plus there must be huge potential for the Fire and Security division following their appointment to Crown Commercial Service’s Facilities Management and Workplace Services agreement:



"The addition of TouchStar ATC to the CCS procurement framework will see them support public sector organisations with the provision of Fire and Security Systems including Access Control, CCTV, Fire and Intruder.

Crown Commercial Service supports the public sector to achieve maximum commercial value when procuring common goods and services. In 2022/23, CCS helped the public sector to achieve commercial benefits equal to £3.8 billion - supporting world-class public services that offer best value for taxpayers.

Lynden Jones, Managing Director at TouchStar ATC said: " "We are delighted to have been named as a supplier on the CCS procurement agreement. Our position on the agreement enables us to offer end-to-end public sector fire and security systems, from specification and project management through to implementation and support. With an approved partner network, we provide national coverage with localized support, building long-term relationships with our end-users in the public sector and further solidifying our reputation for first-class service and support in the sector."
Posted at 05/6/2024 13:35 by rivaldo
Hi Adam,

Glad you agree the tone of the update was positive, cheers. I disagree however as regards the specifics - AGM statements are generally in my experience pretty brief updates noting that trading is in line or not and discussing general trends, without much in the way of detail which usually comes via specific H1 or year end or unscheduled trading updates.

I suspect TST actually gave more info than many do in AGM statements, as outlined previously:

- trading (i.e profitability) is ahead of budget, partly because....
- margins are good, and....
- orders are up 15%
- H2 weighting as TST can see when the deliveries of those increased orders will occur
- TST are happy to note at this stage that they're "comfortable" with market expectations, and if trading continues as it is then it looks like there will be upgrades
Posted at 03/6/2024 22:58 by rivaldo
It seems clear imo:

- trading (i.e profitability) is ahead of budget, partly because....
- margins are good, and....
- orders are up 15%
- H2 weighting as TST can see when the deliveries of those increased orders will occur
- TST are happy to note at this stage that they're "comfortable" with market expectations, and if trading continues as it is then it looks like there will be upgrades

Usual - and best - practice is always to issue the trading update first thing at 7.00 am and then the bland "Result of AGM" RNS later. There's no excuse for almost hiding it away like this.

WH Ireland have always been poor imo, and as advisers I blame them for this more than TST as they should have been clear as to what TST should be doing to keep the market informed.

Anyway....with:

- at least a £3m+ cash pile against an £8m m/cap
- forecast 10p EPS this year rising to 11.5p EPS next year
- plus a 2.75p dividend

TST looks extremely good value following today's statement.
Posted at 28/5/2024 14:28 by rivaldo
The very encouraging online limits do indeed bode well for the share price in the short-term. Especially as the share price isn't being supported by buybacks.

If TST gets taken out then great. Otherwise, there may be a trading update at the 3rd June AGM next week. So no need to reply to every post with a miserabilist follow-up!
Posted at 18/4/2024 07:44 by rivaldo
WH Ireland's 140p valuation seems reasonable and probably conservative imo.

With a cash pile of 37p per share, and 10p EPS forecast this year, a 140p share price would put TST on an ex-cash P/E of only 10.3.

Given this record of PBT and EPS I'd say even that multiple is perfectly reasonable.

And the PEG is just 0.28, which is ludicrously cheap:

2021 - £0.2m PBT
2022 - £0.4m PBT
2023 - £0.7m PBT
2024 - £1.0m PBT (forecast)

And for EPS:

2021 - 4.0p
2022 - 6.6p
2023 - 7.6p
2024 - 10.0p (forecast)
Posted at 22/3/2024 18:25 by smithie6
Does TST provide any vehicle tracking units in co-operation with vehicle insurance companies (as TRAK does) ?
So vehicles can pay insurance based on the number of miles they do etc, & younger drivers can perhaps be monitored to ensure they drive in a prudent manner (monitoring speed, change of speed & revs), or pay a cheaper insurance price if they drive prudently.

I hadn't realised or didn't think that TST competed in that sector.

The TST business in the fuel delivery sector is, for example, completely different than what TRAK do imo. And TST operates in other sectors as well. TST is giving a recommended route to the driver for a number of deliveries & recording the quantity delivered at each location & feeding that into the data system & initiating/doing the billing process for each deliver & automating a lot of the process.
As far I see it is very different than what TRAK are doing.
Posted at 11/3/2024 08:36 by rivaldo
WH Ireland have raised their valuation for TST to 140p (from 120p).

They've also updated their numbers. They have £7.2m turnover for last year (up from £6.7m in 2022), rising to £8m this year and £8.5m next year.

They now forecast 7.6p EPS for last year (up from 6.6p in 2022), rising to 8.7p EPS this year and 10.0p EPS next year.

The cash pile is due to rise to £3.4m this year and £3.8m next year, with the dividend rising to 2p and then 2.5p.

With that cash pile now backing up almost 40% of the m/cap, for me it represents firstly a backstop in terms of NAV and share price downside, and secondly an opportunity as TST have stated that they wish to expand either or both internationally (via partnership) and by acquisition. So given that the cash pile puts TST in the position to do so this potential may well be recognised in the share price at some point by canny investors out there.
Touchstar share price data is direct from the London Stock Exchange

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