Mobile data computing and managed services to industry company Touchstar (TST) noted in April-announced results “short-term prospects are being tempered somewhat by a level of inactivity which we believe is a momentary reaction to the present economic and global uncertainty, with some orders being held up”. So what now of a half-year trading update?
Mobile data computing services provider to industry Touchstar (TST) has announced “the unaudited full year outcome for FY21 is above market expectations in terms of profitability and cash generation” and that it believes “the rate of growth in revenue and EBITDA will accelerate in 2022 driving further substantial improvement in financial performance”. Good news.
Mobile data computing and managed services company Touchstar (TST) has announced results for the first half of calendar 2021 and that it “has traded well in recent months, as a result we now expect full profits to be ahead of our previous expectations”. Sounds good.
Touchstar (TST) is a stock we were previously confident on early last year but exited on covid-response related challenges at a 21% loss. The shares went on to fall below 40p and though they have already recovered to a current 85p offer price, a recent AGM statement provides further confidence...
Previously writing on industrial mobile data computing and managed services company Touchstar (TST), with the shares at 74p in April I concluded that with, although “to date we have successfully managed this issue… signs of component shortages and strain are evident within our supply chains”, for now only on the watchlist. The shares last closed at 72.5p but are currently rising above 80p on the back of an “AGM Statement”, so what’s the news?...
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