ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

TST Touchstar Plc

82.50
-8.50 (-9.34%)
Last Updated: 11:17:34
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
  -8.50 -9.34% 82.50 12,350 11:17:34
Bid Price Offer Price High Price Low Price Open Price
80.00 85.00 91.00 82.50 91.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 7.22M 639k 0.0779 11.36 7.46M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:01:43 O 750 87.00 GBX

Touchstar (TST) Latest News

Touchstar (TST) Discussions and Chat

Touchstar Forums and Chat

Date Time Title Posts
19/11/202419:35Touchstar Technologies Ltd2,418
11/2/202307:18Test 4
14/1/201414:11TEST THREAD PLEASE IGNORE32
17/8/201319:15dgfdfgdfgdfgdg6
24/9/201215:35Test thread5

Add a New Thread

Touchstar (TST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:02:3987.00750652.50O
11:02:3990.00750675.00O
11:01:4490.00750675.00O
11:00:4280.005,0004,000.00O
10:46:2887.005,0004,350.00O

Touchstar (TST) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 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 91p.
Touchstar currently has 8,200,077 shares in issue. The market capitalisation of Touchstar is £7,257,068.
Touchstar has a price to earnings ratio (PE ratio) of 11.36.
This morning TST shares opened at 91p
Posted at 06/11/2024 10:43 by varies
Pavey Ark
As l read the Budget, the higher rate of CGT is already in effect.
Prospective buyers of the business, if there are any, may have held back to see how the Budget would affect it. The rise in Employers' NI contributions is the most obvious negative factor but this should be easy to measure. I do not see anything in the proposals specially damaging to TST.
I agree that the shares look attractive but we might see a fall in the price if no offers are forthcoming.
Posted at 05/11/2024 13:12 by pavey ark
Well my buy this morning was enough to push the offer price up to 100p.

My purchase price was less than my four sales from April-August 23 but lower than my four recent buys (av 103p after dividend).

I see very little downside from here with the company being very cash rich, profitable and with a probable 3.5p div .

What is really strange is that all of the above makes the current price look very reasonable but rather ignores the fact that the company has put itself up for sale.

It is difficult to see the direct result of the recent budget on the major shareholders without knowing their precise financial circumstances but there would almost certainly be more tax to pay after April 25.

Any takeout price will be higher than 100p.....good if it comes....no disaster if it doesn't.

As ever "you pays your money you takes your chance"
Posted at 26/10/2024 10:18 by pavey ark
I have been in and around here since the BVM days.
Since Ian Martin I've been happy to buy into any dips and sell on any uptick but retaining a core holding.....these have been my easiest trades as I always had confidence in the management so if the profit took some time I was happy to hold.
I have also used TST as a bit of a cash source if I needed money for other trades.

It looks like this cosy arrangement is about to end so after the announcement I increased my relatively depleted supply by increasing my holding by 40%.......this was not easy and took four buys with an average cost of slightly under 105p/share.

A few rather obvious points:

1 Martin wants out and the market in TST is rather illiquid.
2. Hardy ,the guy who runs the company day to day, is over 60 and has been with BVM/TST for over 30 years !!
3. Major personal tax changes look likely (from April 2025)
4. The figures are there for all to see .......pick a number for a buyout and it will be well north of the current price,
5. 4-6 weeks was mentioned for the review ......they have offers or know of people wanting the company and four weeks have passed since the announcement.

As I pointed out the real plus for me is that I'm happy to hold my 40% additional shares (103p after dividend)if no sale but more than happy to take 130p (+?)if TST is sold.

"You pays your money you takes your chance"
Posted at 17/10/2024 10:07 by varies
It seems unlikely that any parties interested in taking Touchstar over will commit themselves before the Budget.
This also seems likely to affect our potential liability to CGT as shareholders if a cash offer is forthcoming. My cost per share is about 76p and I suspect that this will be similar for many others. Mr.Martin has done well with TST but there were years of poor performance before he took over.
Having held most of my shares since 2012 l am, of course, out of pocket in real terms but would still have CGT of about 6p per share to pay if l sell at 106p even if the CGT rate is left unchanged.
Posted at 16/10/2024 14:50 by rivaldo
RNS - a Michael Taylor has just declared a 4.85% stake in TST, with 398,000 shares:



He's not on TST's list of major holders above 3% as at 20th September per their web site, so does this mean he's been buying pretty handsomely since that date?
Posted at 11/10/2024 10:05 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 08:48 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 03/6/2024 21:58 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 13:28 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 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

Your Recent History

Delayed Upgrade Clock