Toumaz Share Discussion Threads

[the drewster] 26/7/2016 10:50

You should be very short then Paul - I remain optimistic that there is hidden value.

I guess that's what makes a market.

[hazl] 26/7/2016 10:30

You seem intent to be negative.....isn't the time for that in the past?
It is where it is no point in moaning surely?

[paul the octopus] 26/7/2016 10:27

Drew, £5m mcap + £5m debt is fair enough for the so called potential.Healthcare division was a potential too that just turned ZERO.0.25p and let's see if directors are bold enough to even buy at the options price.

[the drewster] 26/7/2016 08:48

Well, potentially valued less than 1 x revenues, with potential for improved margins and significant growth via Google Cast.

There could be further gains from Sensium via royalties, though this is likely just pocket money now.

H2 is historically feast time for digital, so its time for Sethill to actually deliver with his baby (Frontier) now the whole picture. If he can't deliver something by end of calendar year, he should step down or be pushed out - way past the time for more jam tomorrow.

[paul the octopus] 26/7/2016 08:27

muppets are the ones that can differentiate between margins, revenues, operating profit and net profit let alone debt monkey

[chillpill] 26/7/2016 04:58

Because it has real products they are selling and making good margin on you muppet! The loss making business has been ditched.

[the drewster] 25/7/2016 15:19

The cliche "welcome to AIM" springs to mind.


The Drewster 22 Jul'16 - 12:53 - 3541 of xxxx

Take charge of a company with the share price in double digits.
Raise enough to buy Frontier (new paper @ 10.25 to raise 29.25m)
Then sell off the crown jewels for 4% of the now pitiful market cap so you're effectively left with just Frontier.
Oh, and pay yourself bloody handsomely in the interim, and write a shed load of very unchallenging share options to boot.

Gutted that we will be missing out on the rewards that commercialisation of the Sensium patch always had the potential to deliver, it's why I invested, but the fact remains the market values the company at a fair bit less than I do, so it's a hold for now.

[project77] 25/7/2016 13:44

I cannot understand why no-one is angry about what has happened at Toumaz.

As I see it, it Frontier Silicon lost money every year till it was "acquired" by Toumaz, apart from one year when the company made staff redundancies. Since then, the combined business has continued to lose money. Now the business that folks invested in, Sensium Healthcare, has been sold for a pittance, and the rump, the old Frontier Silicon business, is only going to be EBITDA positive (not actually profitable in accounting terms), at the same time as there are staff redundancies.

I have no shares in this company, nor any connection to it.

[hazl] 24/7/2016 16:47

Who was it that said 'it takes a special kind of compass to understand the present and navigate the future'?

[dickiebird2] 24/7/2016 16:34

Where will TMZ be this time next year ???

[hazl] 22/7/2016 14:20

TO BE FAIR the NHS is on its knees, the stock market is in a funny place and if this had been around during the tech boom it may have been a different story.
I liken it a bit to selling off a loser in my portfolio I feel a sense of relief that we know where we are going and if there's still some gain to be had from what is left I see no point in selling as I said earlier but then I never had shed loads.
It really is an individual choice.
Good luck people whatever you decide.

[supernumerary] 22/7/2016 13:03

Been on my watchlist for a decade or so, with only the occasional trade. Useless management from the start. A pity, but like the ARM deal, I think we can expect to see more and more interesting Brit technology companies being sold cheaply.

[the drewster] 22/7/2016 12:53

Take charge of a company with the share price in double digits.
Raise enough to buy Frontier (new paper @ 10.25 to raise 29.25m)
Then sell off the crown jewels for 4% of the now pitiful market cap so you're effectively left with just Frontier.
Oh, and pay yourself bloody handsomely in the interim, and write a shed load of very unchallenging share options to boot.

Gutted that we will be missing out on the rewards that commercialisation of the Sensium patch always had the potential to deliver, it's why I invested, but the fact remains the market values the company at a fair bit less than I do, so it's a hold for now.

[nod] 22/7/2016 12:38

Very disappointing. I am only here for Sensium as this British innovation was the only route to a decent profit and a long-term future. The only beneficiaries of DAB and audio to date have been the directors who have taken out all profit each year.Google will ensure Cast is not exclusive and devices are as cheap as possible to enable Google to compete with its competitors, such as Apple. Any profit Frontier make in audio will go in director bonuses. That is the way it has always been.

[mirandaj] 22/7/2016 12:32

Apologies: 3.5p it is:

[mark4231] 22/7/2016 12:07

I'm disappointed that they haven't made a success of Sensium as that is the reason I bought in in the first place.

But I'm relieved that they've at last made a decision and even though it is to get rid of Sensium, at least it won't be dragging the company down any more.

The audio side looks good and is the basis for a sound (pun not intended) profit making company.

I'll keep my current holding (and may even add a bit) as I see a good return coming from them now even if it won't be the earth shattering, retirement triggering return that I had been hoping for!

[the drewster] 22/7/2016 11:46

That will obviously depend on the ever evolving risk reward calculation.
Not selling yet, and I suspect that's true of most holders I know.

[snaffleclamp] 22/7/2016 11:42

So is everyone seriously intending to hold these for >10 yrs!

[life of crime] 22/7/2016 11:22

That's a fair point Ian, I just think a better deal could have been struck in terms of the royalties and the price Sensium was sold for. A JV with TSC, where TSC got the bulk of the revenues for carrying the burden of most of the costs, would have given TMZ and the shareholders exposure to a product that could generate a fortune in the future if it becomes a standard product in the NHS. Knowing our luck, just such an announcement will come after the 10 year cut-off period!

[ianood] 22/7/2016 11:16

I must admit to being very disappointed, however, rather than criticise Settle just think where we would be without the audio business and our position within that market. I suppose the license terms are not too onerous either. Still worth a hold I think?

[life of crime] 22/7/2016 11:14

Drewster, the two do go together. I think that 10p target is totally dependent on Google Cast being a worldwide smash and a ramp up in DAB adaptation happening around the Globe. As I said, we can but hope!

[the drewster] 22/7/2016 11:09

L o C - 10p, in my dreams now.

Is your target "to sell all of your shares" in 18m, or to see the share price at 10p (one being a seeming guarantee of the other!)

[the drewster] 22/7/2016 11:06

Found this from Jan ...
Toumaz (Buy TP 3.5p) FY15 trading update. Sales ahead of expectations at +22% £32.1m and EBITDA adj loss in line at £7.8m. Gross cash (including £5m debt) of £7.7m. Strong performance in Audio division; Digital Radio sales +15% to £20.7m and Connected Audio +48% to £11.1m. This division was EBITDA positive for the full year and has good growth prospects for 2016. Strategic review under way to assess options for healthcare/SensiumVitals, to complete mid-16. Forecasts unchanged, reflecting move to cash flow breakeven by mid-16. We see fair value for Audio at 1.5x FY2016E sales (est.£40m), or 3.5pps, with further upside likely from healthcare in due course. Buy