Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning, the group has released interim results to 30 June 2021, which illustrate positive momentum across the business. In the six-month period, revenue was 8.9% lower as expected but the meaningful 640bps increase in the gross margin reflected the growth in recurring software income, while a tight control on costs remained. Looking ahead, the order book is reported to presen
Companies: Touchstar plc
Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning the group has released a positive AGM update, pointing to the fact that the YTD performance has been ahead of the Board's expectations, driven by both revenue growth and margin expansion, with costs having remained under control. Importantly, YTD recurring revenue from long-term contracts is reported to be ahead by 12% against the comparative period.
Joiners: No Joiners Today
Leavers: Urban Exposure has left AIM pursuant to a solvent members' voluntary liquidation.
What’s cooking in the IPO kitchen?
Seraphim Space Investment Trust PLC, a newly established closed-ended investment company which will invest in a diversified international portfolio of early and growth stage Space Tech businesses, announces the publication of its Prospectus in connection with the IPO to the Premium Segment of the Main Market. The Company is targeting gross pro
Companies: SPA AAU DCTA JOUL LEX LIT MANO MPL TST
Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning the group has released full year results to 31 December 2020, in line with the robust trading update reported mid-January, and with net cash slightly better than expected. Encouragingly, the Q1 2021 performance is also reported to have been better than the Board had previously expected. On the back of this morning's results, we have reinstated two-year estimates; looki
Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. The group has this morning released a year-end update, pointing to the fact that the Board expects to report a profitable outcome for the year (H1 2020A PBT £130k, PAT £150k). Importantly, the positive cash generation seen in H1 2020A has continued into H2, with Touchstar ending the year with a net cash position of £1.6m (gross cash £1.9m), a further increase of £300k from that rep
WEY Educaon (WEY) – Corporate – Trading significantly ahead; strong momentum prompts new ’21/’22E forecast
Touchstar (TST) – Corporate – Update points to a robust trading performance and strong cash generaon in the year
Companies: Wey Education PLC (WEY:LON)Touchstar plc (TST:LON)
Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. The group has this morning released interim results to 30 June 2020, very much in line with June's AGM update. Beginning the period with an extremely strong order book, revenue from continuing operations declined by just 5.7% to £3.2m against the comparative six months. The gross margin reduced by 180bps to 50.1%, reflecting the product mix, which included a particularly sizeable h
Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning, the group has provided a trading update to coincide with its AGM.
Encouragingly, the business continues to perform in line with the trends seen at the time of the full year results in May and the Board anticipates Touchstar will be profitable in the six months to 30 June. Cash generation is again reported to have been good, with ‘significantly higher cash balances
Avation is a lessor of 48 commercial aircraft to a diversified airline client base. Intra-day yesterday, the group announced that, as a result of the present uncertain backdrop caused by COVID-19, the Board had withdrawn from the previously announced strategic review and formal sale process, and that it was no longer in active discussions with any interested parties. The key reasons behind this were 1) the present uncertainty meaning that an attractive valuation was seen as unlikely to be achiev
Companies: AVAP TST PEG
Caledonia today announces that it has taken the prudent decision to defer its approval for the payment of the second quarterly dividend (7.5c/sh - $0.9m - 7% of declared Caledonia cash). The Blanket mine in Zimbabwe remains in operation (at a slightly reduced capacity to secure Covid-19 social distancing) and the mine site remains well-stocked with supplies, so despite the current difficulties getting supplies from South Africa production at the mine can continue for some time to come; 2-3 mont
Companies: Caledonia Mining Corporation PLC (CMCL:ASE)Touchstar plc (TST:LON)
Touchstar (TST) – Corporate – Trading update – year-end outturn marginally ahead - cash performance exceptionally strong - further increase in the order book bodes well for 2020
Market Cap £3.7m Share Price 44p
Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning, the group has released a further update on trading, reporting that as a result of a slightly higher level of shipments to customers by the year-end than prev
Intention to float by Gemfields Group. No Capital Raise. Currently listed on JSE. (GML:JNB) at circa £122m. The Group's key producing assets, the Kagem emerald mine in Zambia (believed to be the world's single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world), are both expected to have long mine-lives with potential for expansion. Also owns the Faberge brand. Due Valentines Day 2020. The Proof Of
Companies: DFCH CNIC BBSN TST BPM FA/ POW VOG PCIP SAE
Companies: ROCK ANIC NCCL TST SQZ ORPH TECH RAI VAST TRAK
Companies: Dillistone Group Plc (DSG:LON)Touchstar plc (TST:LON)
Today’s H1 results show a pleasing +16% increase in revenue to £3.6m (+19% stripping out the discontinued On Board business) driven by Touchstar’s next-gen products against what remains a challenging market backdrop. As a result, the loss before tax has reduced materially y-o-y to £224k (excluding exceptionals) from £592k a year ago. Given the usual H2 weighting, the H1 outcome puts TST well on the way to achieving our FY forecasts which we leave unchanged this morning.
Research Tree provides access to ongoing research coverage, media content and regulatory news on Touchstar plc.
We currently have 25 research reports from 2
The Panoply has released a very strong trading update for the 5m to August which states trading is 'significantly ahead of expectations' and we raise our revenue forecasts by +7%. In the 5m period, the group secured c£50m of new contracts, nearly triple the £18m won in the same period last year and including a c£10m/5yr contract in the utilities sector. The Panoply is raising LFL revenue growth guidance from 10-15% to 15-20%, which feeds through to FY revenues of over £77m, compared with our pre
Companies: Panoply Holdings Plc
Exactly one year ago, the FTSE 100 closed at 5,862, having fallen 100 points on the day, the lowest point since mid-May 2020, due in part, to the strength of sterling vs US$ at $1.34. One year on, the FTSE 100 has risen to 7,119, a rise of 21%, it remains 7% below the peak in January 2020. From an international viewpoint, US and European markets continue to trade at record highs. The US Federal Reserve is close to withdrawing some of its economic support this year as inflation picks up and the e
Companies: AMYT BAG BVC BRSD CLG CML FBD GDWN INV MACF MNZS MIO NRR NSF NBI MATD PREM QFI RUA SCS STVG SUR SNX UPGS VAST VLS
This is a positive 1H21 performance, seeing growth in all regions and customer segments, as well as a significant strengthening of the financial position; on track to meet profit expectations for FY21, and ahead on revenue forecasts. Dividends recommenced with the FY20 finals and now an Interim dividend of 0.2p has been declared (1H20: Nil). The financial strength also will allow Eleco to make substantial investment in its long-term growth in FY23 and FY24. Management is flagging investment in a
Companies: Eleco Plc
Companies: Luceco PLC
Companies: Bango plc
Upon publication of VRE’s interim results, we use this note to re-visit the investment case for VRE, together with a re-initiation of forecasts. Confirming the positive newsflow on client gains and sales growth over the H1 period, VRE posted an 83% increase in turnover to €1.25, with ENGAGE revenues 50% up on the total achieved in 2020. Our forecasts show a three-year turnover compound average growth rate (CAGR) of 91% to €9.8m in 2023E, in line with the objective to reach €10m of ENGAGE revenue
Companies: VR Education Holdings PLC
Solid results, strong pipeline, rising resilience and high-value acquisition:
Revenue was $18.6m, in line with expectations. H1 revenue represents 38% of our full year forecast, indicating an H2-weighted year as previously flagged. We expect tinyBuild to release seven new games in H2 compared to three in H1. Moreover, tinyBuild plans higher-profile releases in H2 (Potion Craft and Despot’s Game), which are already generating strong KPIs. EBITDA was $7.9m, slightly ahead of management’s expecta
Companies: tinyBuild Inc.
This latest UK airport contract is Journeo's third, and follows on from the deployment of its systems at Gatwick and Stansted. Looking more widely, investment made over the last few years in the group's technology base to deliver a cloud based modular hardware agnostic SaaS platform has positioned Journeo well in the wider market. With the market opportunity set to expand significantly over the next few years, we believe that Journeo is positioned extremely well to meet this demand through its
Companies: Journeo plc
Ocado retail’s Q3 trading performance was below our expectations. The fire incident at Erith CFC (in mid-July 2021) was the key reason behind the dent in the top line. We see this as a one-off and the health of the retail business remains robust in our opinion. However, any more such accidents are likely to raise serious questions on the safety / reliability of Ocado’s technology. We will trim our financial estimates slightly but maintain our cautious stance on the stock’s valuation.
Companies: Ocado Group PLC
The agreement announced today partners Trellus with a licensed multidisciplinary care team employed by Connected Health that has been trained to use Trellus’s proprietary GRITT™ resilience building methodology to deliver first-in-class digital-enabled chronic condition care management services via. the TrellusElevate™ platform. This agreement, like more that are expected to follow, was earmarked in the admission document, and adds the licensed clinical infrastructure to deliver digital-enabled c
Companies: Trellus Health PLC
Ingenta is a provider of software technology and supporting services to content providers and publishers around the world. The company enjoys a stable, high level of recurring revenue and has consistent cash generation leaving it well positioned for its planed future growth and able to introduce a progressive dividend policy announced today with the H1/21 interim results (4.5% forecast yield). Ingenta has a well-established market position and requires minimal investment in its core products for
Companies: Ingenta plc
PEN's H1 results this morning are in line with last month's trading update with revenues at £7.4m, well up on the prior year, a significantly reduced EBITA loss, and good progress from the Integrated Product Support (IPS) software business in particular. The company provides software and analytical services in parallel with highly technical engineering simulations, mainly focused on training and asset maintenance, now in the US as well as Canada, Australia, the Middle East and the UK. PEN cont
Companies: Pennant International Group plc
NFT Investments plc is an investment company that specialises in non-fungible tokens (NFT). Has applied for admission to the Access segment of the AQSE Growth Market. No funds being raised. Due 16 April. Thor Explorations (TSXV:THX) seeking a secondary listing on AIM. The Company is targeting Admission during Q2 2021. Segun Lawson, President & CEO, stated: “Thor Explorations has advanced significantly, in both project development and capitalisation since the acquisition of Segilola in 2016. T
Companies: RCN NCCL PRIM ORR AVCT TLY RENX CMCL ARO
Semper Fortis Esports* recently announced its intention to IPO onto the Access Segment of the Aquis Stock Exchange Growth Market. Semper is a multi-operational Esports organisation focusing on gaming technology solutions, brand enhancement and high growth team infrastructures. The company plans to raise £2.5m to develop their three core areas of establishing an esports team, forming partnerships with brands for sponsorship and B2B consultancy services. The Board are highly experienced in spor
Companies: BOKU RBGP MUL WATR GFIN MKA TIDE MNO INX TUNE
FYJun 21 revenues have come in 4% ahead of our forecasts at £58.1m and we adjust FYJun21 adj. PBT 6% upwards to £13.5m. We hike FY22 revs and adj. PBT by 2%. FY21 revenue growth of 23% (organic) is the strongest since 2016 and a marked hike from last year’s CV19 impacted 12%. The consistently remarkable figure is monthly ARPC, which has risen 16% yoy to £1,251. As DOTD continues to add functionality we believe that figure will head towards £2,000 over the coming years – that’s an awful lot of up
Companies: dotDigital Group plc