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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Touchstone Grp | TSE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 28.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 28.50 | 28.50 |
| Top Posts |
|---|
Posted at 23/11/2022 12:43 by davidosh Just in case any of you missed receiving a notification...You will shortly be receiving a letter from Touchstone Group Ltd concerning a further share buy-back arrangement that is being considered by the Group Board. The letter is being sent to all Touchstone shareholders and can also be found at www.touchstone.co.uk In summary, the Board are proposing a Share Buyback price of £2.05p per share plus an additional Dividend of 30p payable to all shareholders who are on the Register immediately prior to the Buyback date. It is important to stress that there is no obligation to sell shares |
Posted at 29/6/2021 13:30 by rmillaree Ok Mr Birch has kindly cofnirmed i need to sign up to the followinbg site to manage myrelevant details (including bank account ref divis presumably) hxxps://www.signalsh For this you will need your investor code (IVC). |
Posted at 11/11/2020 18:58 by rmillaree Hello simso - currently i would be wanting over a quid for my shares at present factoring in the cash on the balance sheet. Kinda guessing no one would want to be paying that sum other than the company due to the lack of certainty aboyt anything.This share is somewhat mirroring Just car clincs after de-listing but taking longer - was a bit gutted with Just Car Clinics as i sold a decent wad on a semi tempting tender only for one of Quindells ex offshoots to come in with cash bid at 118p a share - thankfully i hadn't sold them all. So perhaps our 118p per share offer is in the process of being finalised. Hello 3800 If you click on the Notice of AGM 2020 box on the investor page that will have the full chapter and verse update - all a done deal now unfortunately |
Posted at 08/1/2010 13:56 by puffintickler No new info but it is nice to see they still have an investor relations section on the website which provides the following info :As from 28 October 2009 and further to authorities passed at the General Meeting held on 19 October 2009, the Ordinary Shares of the Group have now been cancelled from trading on the AIM market of the London Stock Exchange. As indicated in the recent Circular that set out the proposals to be considered at the General Meeting, the Company intends to establish a matched bargain arrangement for those Shareholders who may wish to trade their shares. Under this facility, Shareholders or persons wishing to acquire or sell shares, will be able to leave an indication with the matched bargain facility provider that they are prepared to buy or sell at an agreed price. In the event that the matched bargain facility provider is able to match that order with an opposite sell or buy instruction, the matched bargain settlement facility provider will contact both parties and then effect the bargain. A commission will be charged for this service. The Board intends that the matched bargain facility should be in place following the Group's first business update on performance following AIM cancellation. To this end, the first update session is scheduled for Thursday 28 January 2010 which will be held at the Group's Triton Square offices with the meeting expecting to start at 4.30pm. A copy of the information provided will be available to download for those shareholders unable to attend the meeting. Shareholders wishing to sell their shares in advance of the performance update session and the subsequent establishment of the matched bargain facility are advised to contact the Company Secretary. |
Posted at 14/10/2009 12:26 by bigwig Did anyone get to the meeting yesterday?I totally agree with the comments made above particularly by IR35 and Valhamos in posts 369 and 370. It will be interesting to see if they get away with this, in my view anyone selling at their paltry offer price is crazy now and this is reflected in the price already being higher in the market. Talk about getting the company on the cheap! Let's hope the institutional investors will vote against the delisting. I intend to keep my shares anyway even if they do get delisted. Is anyone able to get to the meeting on Monday 19th Oct? |
Posted at 08/8/2008 12:40 by davidosh There is some buying this morning... Has it been mentioned in Investors Chronicle or somewhere ? |
Posted at 25/4/2008 08:40 by davidosh It must have been tipped somewhere surely and as it is Friday I am guessing Investors Chronicle !! |
Posted at 27/6/2007 18:45 by glasshalfull Investors Chronicle have provided an update following today's announcement.They rate the shares Good Value at the current price. Part of the article confirms the volume of competition out there....55 companies going for a contract. This level of competition can only impact on margins IMO. Snippets, "The impact of analysts lowering their earnings forecasts by 13 per cent was not diminished by mixed results: revenues well up but profits flat, cash generation down and margins lower. Chief executive Keith Birch pleads growing pains. He is targeting larger contracts, with more than half of Touchstone's deals now worth over £100,000. "We can't just march on into larger and larger projects expecting the cost structure to remain the same," he says. But after increasing headcount by 47 per cent, delays to some larger contracts have held back full staff utilisation. So in a tight labour market, Touchstone needs to hire more project managers." "..good example of how well Touchstone's recipe can work is its contract with the Bank of England. As an existing customer of older business software from Infor, the Bank chose Touchstone over 55 competitors - among them the best-known names in IT services - for a new Microsoft Dynamics system." TIP UPDATE - GoodValue Further staff utilisation weakness is a concern, and has knocked the shares below the level at which we recently advised buying (209p, 13 April 2007). But trading on a lowly 11 times earnings forecasts, the shares have upside potential. Good value. Regards, GHF |
Posted at 30/1/2007 13:06 by johnroger From MFInvestors might be forgiven for thinking that the New Year sales haven't finished for some software companies, with a number sitting on forecast P/Es less than 10. Share Price Forecast P/E Forecast EPS growth Market capitalisation Clarity (LSE: CCS) 59p 8.20 -3% £11.9M Touchstone (LSE: TSE) 170p 9.26 17% £19.8M Maxima (LSE: MXM) 228p 9.60 31% £41.8M Delcam (LSE: DLC) 360p 9.73 15% £21.9M With its apparent lack of growth, it's maybe easier to see why Clarity sits on such a low rating. For the rest however it's harder to understand, especially when brokers are forecasting further EPS growth for Touchstone and Maxima of 16% and 17%. Brokers 'modest' next year growth forecast of 7% for Delcam probably reflects its exposure to the depreciating dollar. Software companies do not suit all sorts of investors. Warren Buffet remarked that "it's much easier to predict the relative strength that Coke will have in the soft drink world than Microsoft will in the software world. That's not to knock Microsoft. If I had to bet on anyone, I'd bet on Microsoft. But I don't have to bet." It's recognition that a software company is only as good as its latest release and a product can age pretty quickly. A superior rival product or technological change can quickly destroy even the most successful market leader. Who amongst us still uses Supercalc and Wordstar? The companies above are a disparate bunch, providing a range of software solutions to differing market sectors. Both Clarity and Delcam develop their own software and consequently continually need to refresh their offerings. This can be an expensive and uncertain area. Both spend heavily on R&D. If development goes wrong the consequences can be unpleasant as Brady (LSE: BRY) found out to its cost, when cost over runs and delays forced it to issue a profit warning. In contrast Touchstone and Maxima base their applications around third party products. Consequently this may afford them some protection from the costs and risks of software development. Companies in this field typically make their money in three ways; 1. selling applications to new customers, 2. selling updates to existing customers; and 3. software support and maintenance contracts. Whilst maintenance contracts provide good steady cashflow, it is the sale of applications to new customers which is the engine of future growth. It is an area where business can be lumpy and notoriously sensitive to economic sentiment. Consequently, despite broker forecasts, forward earnings visibility can be poor, which undoubtedly affects ratings. That the companies are also small and AIM listed will also not help. However compared to the likes of Sage (LSE: SGE) trading on a 2006 P/E of 22.0, with a similar 15% increase in forecast EPS next year, these stocks clearly offer potential value. If you believe that businesses conditions will remain robust in the medium term then these companies should continue to do well. It's fact that has not gone unnoticed on the Motley Fool bulletin boards. So is there any prospect that the stock market will eventually recognise the value of these companies? Six months ago specialist recruitment and HR software provider, Bond International Software (LSE: BDI) , was trading on a one year forward P/E of 10. Since then its share price has increased by 50%. Sometimes it's just a matter of being patient. |
Posted at 21/1/2007 22:01 by tole CB Richard Ellis Investors brings accounting and finance back in-house with Touchstone Group11 January 2007: Global real estate investment management firm CB Richard Ellis Investors, an independently operated affiliate of CB Richard Ellis Group Inc, has chosen to implement the SunSystems eXFM and time@work expenses module from Touchstone Group across its European businesses. The new finance and accounting software will allow CBRE Investors to bring its European finance function under centralised control in-house, achieve better management information and visibility and bring increased flexibility to the business. Andy Colman, European Finance Director, CBRE Investors, comments, "CBRE Investors European business operated from offices in London, Paris, Frankfurt, Milan, and Luxembourg. The Group, which is headquartered in Los Angeles, also has a number of offices across Asia. In centralising and bringing our finances back in-house we have given ourselves the ability to oversee the whole European business, and we aim to bring Asia and the US onto the system at a later date.. Across the group there are numerous business units, legal entities and product lines; SunSystems allows us to prepare very flexible reporting across all of these." CBRE Investors selected Touchstone Group following a competitive pitch process, as its consultative approach, combined with the SunSystems product offering, provided CBRE Investors with the assurance that the solution offered was the best equipped to meet the flexible business needs of the ever-expanding company. Colman explains, "It is very important that we can oversee all finance data across our international business as and when it is needed; Touchstone Group recognised this amidst the consultation period and, as a result, have implemented a system which will allow us all the benefits we are looking for without having to employ any new staff." Adrian McNay, Divisional Managing Director, Touchstone Group, adds, "The decision to take back in-house a process that was previously outsourced is not one to be taken lightly. It was very clear to us, right from the outset, that getting the technology implemented and the in-house processes right as quickly as possible, would be key for CBRE Investors to recognise the benefits they require on an international level. Our years of working with organisations in this sector and SunSystems technology have ensured that Touchstone Group has the skills necessary to meet CBRE Investors expectations." Colman concludes, "We discussed our business objectives for the new solution, and felt that Touchstone Group was talking back to us on the same level. Working with them has been very positive and we eagerly anticipate the benefits we will receive once we have rolled out the entire solution in spring 2007." |
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