Touchstar Plc

0.00 (0.0%)
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% 97.50 0.00 07:31:01
Bid Price Offer Price High Price Low Price Open Price
90.00 110.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Indl,comml Machy,computer Eq 6.74 0.56 - - 8.26
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 97.50 GBX

Touchstar (TST) Latest News

Touchstar (TST) Discussions and Chat

Touchstar Forums and Chat

Date Time Title Posts
24/5/202312:45Touchstar Technologies Ltd2,039
11/2/202307:18Test 4
24/9/201216:35Test thread5

Add a New Thread

Touchstar (TST) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Touchstar (TST) Top Chat Posts

Top Posts
Posted at 22/5/2023 11:19 by rivaldo
Firstly, thanks to Hastings for the excellent write-up - great to see TST attracting some attention now. Here's a direct link:


I hope there is a trading update with the AGM, but history suggests the chances are around 50/50 - sometimes there is, sometimes there isn't. Whichever, it won't be long until a full H1 update.

There was a small buyer today at 101.7p, well within the spread, and given current prospects it's likely sellers can trade at a premium to the bid, so the "true" spread is probably much smaller than the published spread. And almost any decent buying at all would probably move the price up anyway.

I suspect a divi, special or otherwise, is more desirable and likely than buybacks. The buyback AGM clause may just be to cover events if an opportunity presents itself from a sudden share price fall or if the likes of Chelverton make the company aware they wish to dispose of a slug.

Posted at 22/5/2023 10:02 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 08:30 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 23:18 by rivaldo
Indeed - there's plenty of time before Chelverton has to think about disposing of its TST shares. By the end of this year I suspect TST's share price will be rather higher than it is today, and its prospects are sufficiently good that buyers in size for such a usually illiquid stock should be easily found.
Posted at 24/4/2023 17:34 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 18/4/2023 09:22 by rivaldo
Extracts from WH Ireland's update today FYI:

"Full year results in line; positive outlook for FY 2023E

Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning, the group has released results for the 12-months to 31 December 2022, in line with the trading update provided in January and illustrating strong growth in recurring revenue, profitability and cash generation.

Since the beginning of the year, trading is reported to have been strong, with an opening order book of £1.7m, opportunities being presented in new territories and with the potential to undertake bolt-on acquisitions to enhance the existing product base and footprint. On the back of the results, we leave our forecasts unchanged and introduce FY 2025E estimates for the first time.

The shares trade on an FY 2023E PER of 12.0x falling to 9.5x in FY 2024E and are backed by a strong net cash position equivalent to 41p per share. With 40% of revenue now being recurring in nature and good growth opportunities ahead, we believe there is the potential for the shares to re-rate as the strategy continues to be successfully executed. We see fair value for the shares at 120p."

"WHI view: Good progress has been made in the year against the group’s key strategic objectives and we view the momentum being demonstrated as being highly
encouraging. On the back of today’s results, including the positive start to the new financial year, we leave our forecasts unchanged and introduce FY 2025E estimates for the first time.

It is worth noting that net cash per share is now equivalent to over 50% of the current share price (and forecast to increase). With rising levels of recurring
revenue, and the potential to invest the free cash in growing the business further, as well as the potential for the introduction of a dividend and share buyback programme, we believe valuation multiples have significant scope to expand."

Posted at 18/4/2023 08:39 by rivaldo
WH Ireland have retained their 120p target for the time being, but "believe valuation multiples have significant scope to expand".

They forecast PBT to rise sharply to £0.7m this year, resulting in a slightly higher 6.7p EPS (presumably due to higher tax rates), though of course they did undercook last year's forecast.

Similarly, the cash pile is forecast to rise slightly to £3.6m. Again this seems very conservative.

The EPS is then forecast to rise to 8.4p and 9.7p in the next two years.

With 41p per share and rising in cash, it's easy to see a share price of anywhere from 150p up to 250p over the next year once the market starts looking forwards.

Posted at 06/4/2023 13:13 by rivaldo
This new article sounds promising (subscription-only unfortunately):


"Touchstar – a value ahead of results Buy?...

By HotStockRockets | Thursday 6 April 2023"

"A late January trading update from Touchstar (TST) included “revenue and profits in line, net cash generation and EBITDA ahead of expectations… the buoyant level of the current order book and trading momentum underpin the prospects for 2023” and that it expects to report results in “late April”. Ahead of those, we suggest there looks strong value in the shares from an 85p offer price.


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.

Posted at 05/2/2023 18:49 by varies
From time to time there are references here to Chelverton Growth Trust (CGW). Forgive me for being too idle to look up its holding in TST but I believe this to be about 9%.
CGW is an unusual trust. Some 64% of its funds are invested in CEPS (quoted on AIM) and 23% in TST. It seems to be controlled by Mr. David Horner.
In November 2022 CGW declared that it was looking at ways to return funds to its shareholders and hoped to report within 6 months. After repayments of capital over the years, the value of CGW's portfolio is only about £3 million and the directors do not want to reduce this further as this would make CGW shares even less marketable than they are now.
CGW stands ready, so it seems, to increase its investment in CEPS but intends to liquidate its other investments "when appropriate".
Since TST has spare cash, it might make sense for TST to buy CGW's holding soon.
This would, of course, reduce the number of TST shares if the TGW shares are cancelled but would not affect the number in ready circulation.
Given the recent utterances by Mr. Martin about a return to TST shareholders, I hope we may see some action on this front with the next set of results.

Touchstar share price data is direct from the London Stock Exchange
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com

V: D: 20230530 06:48:43