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TST Touchstar Plc

0.00 (0.0%)
05 Dec 2023 - 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
  0.00 0.0% 90.00 200 08:00:00
Bid Price Offer Price High Price Low Price Open Price
85.00 95.00 90.00 90.00 90.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 6.74M 558k 0.0678 13.27 7.4M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:22:19 O 200 94.80 GBX

Touchstar (TST) Latest News

Touchstar (TST) Discussions and Chat

Touchstar Forums and Chat

Date Time Title Posts
16/11/202317:23Touchstar Technologies Ltd2,182
11/2/202307:18Test 4
24/9/201215:35Test thread5

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Touchstar (TST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-05 14:22:2094.80200189.60O

Touchstar (TST) Top Chat Posts

Top Posts
Posted at 05/12/2023 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 90p.
Touchstar currently has 8,225,077 shares in issue. The market capitalisation of Touchstar is £7,402,569.
Touchstar has a price to earnings ratio (PE ratio) of 13.27.
This morning TST shares opened at 90p
Posted at 09/11/2023 15:15 by rivaldo
TST's cash generation is usually second half weighted. WH Ireland are forecasting £3.3m net cash at the 31st December.

The £0.3m PBT in H1 was tripled from £0.1m year on year. Last year TST made £0.32m PBT in that H2. So this year's H2 forecast of £0.4m PBT, for a total of £0.7m PBT, will hopefully be met at worst and is conservative at best.

The m/cap is barely £8m, so the EV/EBITDA multiple is barely around 3.5. Which is very good value imo given the prospects and recurring income.
Posted at 31/10/2023 15:59 by rivaldo
Exciting new article about TST expanding into the USA....for a £7.4m m/cap company (with around £3m net cash) this would be transformational.

What's good to see is that TST are doing this on the back of a sound rationale given that the European market is ahead of the USA's, and also that they're doing this in a careful way via partnerships rather than incurring big expenses.

Plus TST already have the brand recognition in the USA via the name Touchstar:

"TouchStar Technologies eyes North American LPG market
October 30, 2023

An established technology solutions provider in Europe has its sights set on the North American LP gas market.

TouchStar Technologies Ltd. plans to bring its experience, expertise and technology to customers in North America. The U.K.-based company has been supplying mobile computing solutions for oil and gas distribution for almost four decades. It supplies hardware, software, middleware integration services and full pre- and post-sales technical support to its clients.

“We are developing partnership opportunities as well as direct end-user engagements,” says Gordon Hyland, sales director of TouchStar Technologies – Fuel Logistics Division, in a company-generated information piece covering the future of fuel logistics, the role of digitization and TouchStar’s plans for the North American LP gas market. “We believe that our technology will enhance the offering of all LPG distributors, large or small.”

Specifically, TouchStar is introducing its FuelStar suite of products to North America. This includes in-cab hardware, front-end application and back-office software. The solution has full integration capabilities with third-party software (e.g., enterprise resource planning) and ancillary hardware (e.g., digital registers and in-vehicle Bluetooth devices).

TouchStar sees a natural progression into North America because many of its European customers already have offices here.

The digitization of field-based processes has come quicker in Europe, Hyland explains, as most large fleets have in-cab mobile computing systems. The company hopes more customers in North America will realize the same benefits.

“The European market has widely adopted a digital strategy that proves there are cost savings and efficiencies to be generated, through fewer miles driven, accurate identification of tank [and] storage location, efficient routing and scheduling, coupled with a real-time view of what happens in the field, back at the planning office, and invoice reconciliation and issue often happening same day,” he writes.

According to Hyland, digitization brings practical operational benefits, such as instantly sending a driver a digital manifest in the morning, updating it in real time if plans change and not having to worry about lost, incomplete or damaged payment-on-delivery (POD) slips. It also means that drivers can capture a client e-signature on the glass of a connected handheld, along with the geo-coordinates of the driver at the time of delivery, for complete POD. An invoice can be generated within minutes of POD for improved cash flow.

The company looks to become more visible to the U.S. market in 2024, with plans to attend next April’s Southeastern Convention & International Propane Expo in Charlotte, North Carolina.

U.S. propane industry members might recall the company name “TouchStar.” That’s because TouchStar Technologies’ history shows a former connection to Tulsa, Oklahoma-based TouchStar Group LLC, which had been a wholly owned subsidiary of U.K.-based TouchStar Ltd. In 2005, Belgravium Technologies acquired the TouchStar Ltd. U.K. operation – but not the U.S.-based company – and, in 2016, changed its name to TouchStar Technologies. All group brands now fall under the umbrella brand of “TouchStar.”"
Posted at 10/10/2023 18:12 by davidosh
on 11 September 2023, pursuant to the authority approved by shareholders at the Company's Annual General Meeting held on 22 April 2023, the Company purchased 25,000 ordinary shares of 5 pence each ("Ordinary Shares") at a price of 98.9 pence per share (the "Transaction").

So why have they not continued with buybacks as the share price is now 12% lower and they will get more shares for the same outlay and give us long term holders more of the company to ourselves with better metrics and higher yield going forward ??
Posted at 10/10/2023 16:48 by martinouno
But why is the share price collapsing?
Posted at 22/8/2023 07:32 by rivaldo
As I said in post 2132 above, it was actually 21st June - almost on the half year date - when TST stated:

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

Given this, you woouldn't necessarily expect any further update until the interims, which last year were on 15th September so not long to wait.

The share price has consolidated nicely around these recent highs. I'm optimistic that the interims will support further rises, particularly with the share buybacks in reserve.
Posted at 08/8/2023 10:59 by smithie6
...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.


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 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.
Posted at 22/5/2023 09:02 by cocker
Well on the agm schedule it clearly states that a maximum of 847,507 @ no more than 105% above mid price up to June 2024. This clearly looks as if shares will be purchased via market & that the board expects that in doing so sellers will be tempted as price rises. So if all resolutions are passed one should expect a significant share price rise unless one or more seller wants out quickly, which of course they might given the share price is at a year high almost.
Posted at 28/4/2023 07:30 by rivaldo
TST gave a really encouraging and optimistic presentation yesterday via WH Ireland.

My notes in no particular order (hopefully transcribed correctly in haste!):

- the order book at 28th March is now £2m, up from £1.74m at 31st December
- they're "comfortable" with expectations per WH Ireland's forecasts through to 2025
- they're "seeing an uplift in new customers"
- there are "high barriers to entry"
- ARR is expected to grow a further 14% this year via increasing software revenues
- they're "gaining traction" with export opportunities. Expansion into Cyprus & Turkey has begun - they've met with two suppliers and one in the distribution sector has already committed to a £200k order. Greece is also on the agenda, and DCC in Denmark have also agreed an order recently
- these countries are "low hanging fruit" as their markets are less developed, whilst France and Germany are more dveeloped and less easily entered. However, TST are having conversations with companies to partner in the USA
- margin improvement should continue
- the fuel sector is in the middle of a sector upgrade and is "buoyant". This is largely due to the need to upgrade outdated Windows systems/software. TST have a 70% share of the UK fuel delivery market. Half of their customers have already upgraded, and the other half will do so in the next 2-3 years
- each upgrade tends to double prior revenues, i.e one customer is moving in June/July from £160k per annum revenues to £320k per annum as their software is upgraded. And TST are also growing non-fuel related business
- there's a "lot of organic growth" at present, so whilst they've looked at acquisitions and will continue to do so for reasons of geography or new sector entry, these are not a "must-do"
- there could be a return of surplus cash to shareholders after the AGM (no further details given)
- Ian is retiring (and is stepping back from his other interests too) when he finds a suitable successor as (1) he's old! and (2) his speciality is the cloud etc, whereas he sees the next gen of software as being intelligent/AI-governed and he sees a younger person with knowledge in this area as being more useful to TST
- Ian noted that TST has "incredible potential"
Posted at 24/4/2023 16:34 by varies
I posted some comments on 5 Feb on Chelverton and its holdings in CEPS and TST.
At that time Chelverton held 64% of its assets in CEPS and 23% in TST. I do not think that the CEPS share price has moved much and so the proportion held in TST shares will have increased.
In that post I suggested that Chelverton wanted to sell off all its holdings except CEPS when convenient. I cannot remember why I took this view.
It does occur to me that Mr Martin might like to find a buyer for TST before he leaves us next year and Chelverton would then be a willing seller.
Posted at 11/2/2023 07:18 by gersemi
A scoping study commenced in the fourth quarter of 2022 and management expects a base-case production rate of 20,000 tonnes LCE a year, the same as Laguna Verde. If all goes to plan, the company could undertake a PFS as early as the third quarter of this year.
Significant undervaluation

To put the undervaluation of CleanTech into perspective, the company has an enterprise valuation of $70mn (£58.3mn), a sum equating to $35 per tonne of LCE it holds across the Laguna Verde and Francisco Basin 100 per cent-owned licence areas.

By comparison, although Arkansas-based Standard Lithium (US:SLI) and Australian Stock Exchange-listed Lake Resources (AU:LKE) only have 3.9mn and 4.4mn tonnes of lithium deposits, or double that of CleanTech’s, their enterprise valuations of $469mn and $681mn value their LCE reserves at $120 and $155 per tonne, respectively. That’s around three to four times higher than the valuation of Cleantech’s LCE reserves.

Moreover, CleanTech has just been granted new exploration licences, covering a total area of 344 square kilometres (km) at a prospective greenfield project, Llamara, located 600 km to the north of its Laguna Verde and Francisco Basin projects. The company plans to commence drilling there early in the second quarter, providing shareholders with yet another potential share price catalyst.

Investors are getting excited about the company’s prospects. Hence why the share price has been steadily rising this year.The other driver is news that major carmakers are now splashing the cash to secure lithium deposits. Last week, GeneralMotors (US:GM) made a $650mn investment in Lithium Americas’ Thacker Pass project in Nevada.

Potential upside

So, with the LCE price significantly higher than the base case used in the financial forecasts for Laguna Verde, positive newsflow expected on multiple fronts this year, and Cleantech rated materially below the valuation multiples attributed to larger peers, a significant re-rating could be on the cards.

Fox Davies' three-year share price target may seem ambitious at 277p, or four times the current share price, but it’s easy to see how CleanTech could get there. It’s reassuring, too, that the insiders have skin in the game, including chief executive Aldo Boitano (8.9 per cent) and chief commercial officer Luke Jarvis (5.8 per cent). It’s worth following their lead. Buy.
Touchstar share price data is direct from the London Stock Exchange

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