Touchstone Grp Share Discussion Threads

[rmillaree] 13/4/2021 18:23

i can confirm my latest dividend was credited in march.

[3800] 21/1/2021 17:49

I'm still holding here, cannot say I'm very happy with the price being offered, I feel double would have been a fair but not high price. After the change from PLC to LTD then the over 20% rise in pay for the highest paid Director I expect what is coming is the cancelling of future dividends and further wage hikes for the directors. With no need to enter into any dialog at all with any pesky shareholders they can basically do whatever they like.

[davidosh] 20/1/2021 23:11

A shareholder letter has just gone out.

The company seem to want to buyback our shares effectively but at £1.30

This is a well run company and paying dividends of 14p per share in the last financial year so I do not want to give up a near 11% yield but some may want the liquidity provided by the company. There is healthy balance sheet so surely after all these years they could give the longstanding remaining shareholders a bit more?

The Group’s liquidity position remains strong with a strengthening in cash balances to £16.3m (2019: £5.2m). This increase is after a
substantial capital repayment (£1.6m) to settle the Bank mortgage on its London offices.

[davidosh] 11/11/2020 22:45

I am still here too. Let me see if I can arrange a zoom with the directors as clearly no Agms are possible this year and the change of status probably needs an explanation but overall I feel happy with what has been delivered for shareholders here.

[dsct] 11/11/2020 19:38

I'm still here too.

Fortunately, the divis have accumulated to 50% of original purchase cost.

I did get notification of the PLC status drop, and contacted AJ Bell to ask if possible/how to sell, but they couldn't advise at the time. May re-contact them now this procedure has completed, or TSE to see what they can suggest.

[3800] 11/11/2020 19:23

Hi rmillaree,
like you say it's now a done deal, I was looking in the reports and accounts where I did find this on page 21

4 Directors’ remuneration
Aggregate emoluments in respect of qualifying services amounted to £632,354(2019: £542,173).Social security contributions were £84,400(2019: £68,591).Emoluments of the highest paid Director (excluding pension contributions) were £257,638(2019: £207,846).Amounts paid by the Group in respect of his pension contributions were £20,804(2019: £21,987). He currently holds no share options or entitlement to share options. Total pensioncontributions of £51,127(2019: £49,932) were made to the Executive Directors’ personal pension plans. There are three executive Directors who all are accruing pension benefits (2019: three). The Directors are also considered to be key management. There are no employees of the company, other than director’s who are remunerated through other group entitie.

That is an increase of £49,729 for the highest paid Director that's up 23.95%
hope thats not a sign of things to come. We are in a vunerable position for getting shafted

[rmillaree] 11/11/2020 18:58

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

[simso] 11/11/2020 17:36

Hi...I am still here too. Pleased to see that Dividend! If anybody does want to sell any shares...then PM me here, and perhaps we can reach a deal!

[3800] 11/11/2020 15:57

Hi rmillaree thank you for bringing the latest reports and accounts to my attention.
Which page did you find the "Company is now or very soon about to drop the PLC status" I have looked but cannot seem to find it.
3800

[rmillaree] 11/11/2020 14:05

Not sure if i may be the last man standing here , another final dividend of 10p per share recently delivered - like 2017 all over again shame its not 2017 sahre prices for some of my other holdings :(

Couple of extra snipets this year
Company is now or very soon about to drop the PLC status - not sure what the implications of that are - presumably more streamlined perhaps less obligations on directors ref formal items? do us minor shareholders have the same rights?

They have banked £10 mill cash ish from sale of one of their subsidiaries - so they probably have £10 mill + more than they need really being (they already had over £5 mil cash) - not sure what plans they have for this cash - certainly they could if they so choose have the option to buy out the minority shareholders for a much fairer price than was previously offered.
I guess the downside of this chunky sale is that future expected earnings should be expected to be materially lower as they have obviously sold a decent chunk of their profit making machine and the remaining fixed overheads are presumably less spread out.

[3800] 05/8/2018 21:22

not quite as good a year but still with a cash reserve, no idea why they borrowed money to buy a new office.
3800

[simso] 12/8/2017 18:56

With £6.7m of cash and building, the company should consider buying in some shares as they did in 2013. failing that, please message me in private if you are interested in selling, and perhaps we can agree a private deal.

[sandlab] 12/8/2017 16:31

Resolution #4 at the general meeting to be held on 29th August says:

"It is proposed that a final dividend of £0.075 per ordinary share, with a special dividend of £0.025, making a total dividend of £0.10 per ordinary share, in respect of the period ending 31 March 2017 be declared."

I reckon you are correct!

Enjoy.

Sandlab

[rmillaree] 12/8/2017 12:10

Looks like 10p per share dividend is in the pipeline (unless i am officially a numpty which is always possible) - keep your eyes open for your dosh. I have taken this info from the latest accounts on the company website

[simso] 09/1/2017 13:40

THanks Sandlab.

If anyone does want to sell and happens to read this, then leave a message and perhaps we can have a chat!

[sandlab] 09/1/2017 13:35

I am not aware of an easy way to trade these shares, simso, but David Stredder did suggest a possible way to sell back in post 415...6 years ago. There may be a few other souls out there who still monitor this board and might want to sell, possibly via a friendly broker.

[simso] 09/1/2017 12:59

THanks sandlab. I must admit I had almost forgotten about my Touchstone Holding, but it has done well in the last two years, and the Divi suddenly registered! I know they did a Tender offer in 2013...but imagine there must be some private holders who would like to sell by now, and I might be interested in buying some if the price is right. Do you know if there is a mechanism where Buyers and Sellers can be "matched up". I know another of my private holdings...Ensor...are setting up such a facility.

[sandlab] 09/1/2017 11:40

Back in 2013 I intended selling but have held on for the excellent divi.

Last time I checked from the Companies House listing there were 352 registered holders of shares. I worked out at the time that ignoring large holding (>50k) the average PI holding was just over 5200 shares for ~320 holders.

[simso] 09/1/2017 11:09

I am a holder. Has anybody managed to buy or sell any privately in the last few years, or indeed want to buy or sell any now?

[hindsight] 25/11/2013 18:17

Think will hold on

[bigwig] 21/11/2013 15:37

It's an interesting balance, staying in will still get the special divi of 10p and a higher percentage shareholding in the company so future potential divis could be increased. It will become very much a family owned business and divis are the way they will want to pay themselves I imagine over time so there is an argument to stick it out. However the lack of ability to trade is a pain especially if you need to release funds at a specific date. I have quite a few in a SIPP so will take the offer on those but I also have some in a normal trading account so might keep those just to see what happens as I still rate the company.
Bw

[sandlab] 19/11/2013 13:03

How many of the "90% of the total number of entries on the register" shareholders reading this will finally exit with the 70p tender and 10p divi. option?

For me it is probably time...

[weatherman] 10/4/2013 16:48

Posted on the phd site


might be something happening via Tiuchstone work in Russia?



Company LLP in Russia, an expert in the field of software for business, announced a comprehensive Infor Office of the CFO for the automation of business processes in the oil and gas industry, such as finance and accounting, budgeting and forecasting, management of procurement processes, AFE, as well as a number of other segments of activities under tight deadlines and with minimal cost.

In particular, the company introduced ERP Infor SunSystems solution for oil & gas industry to keep records in accordance with multiple standards, GAAP/IAS/RAS, and also held a demonstration of this system. At the same time, to meet the challenge of managing corporate efficiency company offered product Infor ION BI, which includes a set of analytical tools that automate critical processes such as planning and budgeting, construction of corporate financial reporting, business analysis (KPIs), and data consolidation.

As a solution for cost control, contract management, procurement processes, and supply was presented by Proactis from Touchstone Energy, and for approval of expenditure (AFE), records management vendors with reference data, environmental, health and safety (HSE Management) - decision EnergyPro. As an optimum solution for time & attendance and project cost control, the company proposed a system time @ work.

«Industry solutions Infor Office of the CFO and the Touchstone Energy, covering a range of business processes is a great alternative to oil and gas companies operating in the Russian market and countries of the CIS. Investing in business applications, the company is guided by the functionality of the proposed decision, the provider in a specific industry experience, timing and cost of the project. On all items of the backs of LLP and Touchstone Energy ready to offer an optimal solution, told CNews Alexey sheds, General Manager of the LLP in Russia.

Touchstone Energy specializes in supplying custom business applications to automate the oil and gas sector. Our accumulated expertise in accounting, inventory management, procurement processes, contracts, assets, and business process automation, said Peter Davies, head of business unit Touchstone Energy. - As the presence in the international market, we cooperate with the implementation of an integrated project of the LLP decision, automates financial and procurement processes for major oil and gas company with operations in Russia. We believe that the strategic cooperation between Russia and the Touchstone Energy LLP is the first step to promoting our solutions on the market of Russia and cis countries

[weatherman] 13/12/2012 15:36

latest 6 monthly figures are released. eps down to 3.3p due to business unit sales, but net cash near £6m, and big interim divi increase from 1.5p to 2p. Ongoing business has seen useful growth, and forward trading is reported to be healthy. Hope to see annual divi growth as well.

[weatherman] 11/10/2012 21:54

New business win with BCMS - seems a sizable company.