Share Name Share Symbol Market Type Share ISIN Share Description
Touchstar LSE:TST London Ordinary Share GB00BD9YDB55 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 67.50p 65.00p 70.00p 68.50p 67.50p 68.50p 12,412 08:00:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 7.6 0.2 7.5 9.0 4.26

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Date Time Title Posts
18/1/201809:14Touchstar Technologies Ltd292
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 67.50p.
Touchstar has a 4 week average price of 65p and a 12 week average price of 65p.
The 1 year high share price is 113.50p while the 1 year low share price is currently 62.50p.
There are currently 6,308,750 shares in issue and the average daily traded volume is 9,310 shares. The market capitalisation of Touchstar is £4,258,406.25.
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
pavey ark: Double post.
pavey ark: Windy and horrible morning so I spent some time with the recent results. (As a background I did at one time hold 1% of BVM (clogue to longer term posters) but have reduced substantially since then. I do remember buying a considerable number of shares at 2p(32p) but that was eight years ago so that hardly makes me Warren Buffett. I still hold enough to make me pay attention but I've been distracted and only looked in now and then.) I must say that the recent results were very solid and the cash being generated is quite substantial for a company this size.Without a considerable reduction in trade and payables these results would look even better but bills have to be paid and inventory was reduced and receivables fell but overall this was a very solid performance. The second half is always better here. The really good news for me is that the share price is now higher than that paid to Kembery (5p:80p)and nice to see the new guy in profit but I suspect he has higher and longer term ambitions here. My first instinct this morning was that things were getting ahead of themselves here but on closer examination I certainly don't consider that to be the case.
rivaldo: Many thanks hastings, terrific article. If Ian Martin can do a similar job for TST as at AVS then we'll be in clover :o)) Nice conclusion: "Concluding, he tells me that next year should see the real benefits feeding through the business following a strong integration of the operations with increased cross selling which has also seen a focus on back office services providing a shift to a SaaS model that can provide for an increase in contracted revenues. Having delivered EPS at the halfway stage of 4.69p and spoken of a stronger second half to come, Touchstar is on track to deliver full year EPS of 10.3p which gives a PER of just short of 8 at the current price. That looks decidedly attractive enough, but with a £600k pre-tax profit pencilled in for next year providing for EPS of 12.6p, then that rating falls to a low of little more than 6. Indeed, the £1.03p broker target price would see the stock trading on a PER of only 8, still some way below the wider sector average of 10, which gives plenty of scope for further share price appreciation. Having already delivered on his early plans which were exactly what as he laid out to me in our first conversation just over a year ago, he appears confident of moving this on to the next level."
the oak tree: Any ideas on why the recent share price rise anyone? Suppose its all just speculation till a RNS. But it appears someone (s) knows something others don't. Or maybe just a natural reaction to it having gone down for sometime? As usual we'll just have to wait and see.......
pugugly: Hastings and or Norbert - PER does not (imo) compute with forward eps in header. Unless eps based on old BVM closing share price. Current TSP share price 60/66p
Touchstar share price data is direct from the London Stock Exchange
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