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Touchstone Gold shares appear to be de-listed or suspended.


Share Discussion for Touchstone Gold


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Hedgehog100
Posts: 369
Research
Opinion:Strong Buy
Price:0.45
RE: Relistings at higher share pric..
6 Jan '16
GOS systems was originally intending to float in 2013 with a pre-new money valuation of about £22M.:

"THE TIMES
Tapping into the market for security
July 15 2013 Nic Fildes
A company that develops technology designed to tap the phones of terrorists and protect the identity of spies and informants is set to float in London.
GOS Systems plans to raise £8 million via a float on AIM that is expected to value the homeland security specialist at about £30 million. Panmure Gordon is acting as broker, with the shares set to start trading in August.
The company runs its own telecoms network used by security agencies and the police to protect the identities of field operatives and informants. It also gathers data by tapping phones and monitoring the internet usage of suspects. ...
The company has swept up smaller players with great technology but low ambitions and will add Deltenna, a mobile technology specialist, using the funds it raises from the float in a £5 million deal.
The company, which is based in London but will operate in Chippenham, Wiltshire, is the brainchild of Peter McKee, its 70-year-old chairman, who previously was head of the AIM-listed TRL Electronics. He said there was a “major gap” in the market for a mid-sized specialist: “The bang for the buck we get here from engineers is incredible compared with the US. The Americans do high-spending stuff, but they’re not that clever.”
GOS is still early in its development, with revenue of £3.5 million and operating profit of £300,000."
http://waterbridgecapital.com/gos-systems-intention-to-float-on-aim-gets-international-coverage/

If GOS Systems relists with such a valuation, that would equate to a fully-diluted share price of about 2.5p per share, compared to TGL's 0.525p share price at delisting.
 
Hedgehog100
Posts: 369
Research
Opinion:Strong Buy
Price:0.45
Relistings at higher share prices
6 Jan '16
Sometimes it's a good thing to be in a share that delists.

Because businesses that delist can relist later at a much higher share price.

A good example is Direct Network Publishing, which delisted from OFEX in the late 1990s, spent a short period unlisted, and then relisted in a different form at about ten times its share price at delisting.
I.e. the holdings of shareholders at the time of the delisting became worth ten times as much at the relisting.

"Durlacher a scout for the scary sector

Tuesday 20 April 1999 00.58 BST

... Direct Network Publishing. This internet publishing house was listed on the Ofex exchange, but was delisted after buying a telecommuncations company. Plans for a float on a much more substantial market stage, Nasdaq, say, seem to be afoot, and the eventual price tag is likely to shock traditionally minded investors. ..."

http://www.theguardian.com/business/1999/apr/20/13

"The year long love affair

Martin Turner is FD at 365 Corporation, an Internet and telecoms company that emphasises its year round commitment to surfers' passions in its name. At £400m market cap, that's a whole lot of love.

29 Mar 2000

... in 1999. That day was 2 December, when 365 shares first traded on the London Stock Exchange after moving up from Ofex

... the merger between the telecoms business and 365 (then known as Direct Network Publishing) a year ago ..."

http://www.financialdirector.co.uk/financial-director/opinion/1743379/the-love-affair
MrTGL
Posts: 22
Off Topic
Opinion:No Opinion
Price:0.45
View Thread (3)
Kev
6 Jan '16
Hi fellow TGL holder.

Although not qualified in the least I do however have experience of the his sort of thing having been locked in a delisted company now for almost 3 yrs now. TGL is now my 2nd delisted company I own shares in.

Shares held in a normal account will be transferred automatically if and when the company relist. Be it TGL or GOS.
Currently they have no value, although you still own a percentage of TGL and will remain so.
There is no time limit that I'm aware of and I like I eluded to above, my other company is 3 yrs and still no relist in sight but again I still own a percentage of the company. If and when they relist, there value will be reassessed and that figure will be incorporated into the new share price.
Your 4th question is answered in my opening statement.

I personally can not see why HH100 is still adamant about TGL being a Strong Buy, when the rest of us see it as it is and that's shares that worthless with nothing from TGL in reassurance or some sort of timetable going forward. I think it's a disgrace that we've had nothing since the last RNS in October. All they had to do was release the figures within 6 months.
We've been stabbed in the back and what becomes of the nice bloke at the end of the phone when countless of times it's all everything is rosey and nothing to worry about. Mugs is all I can think of at the moment and that's not them that's us.......

Gutted this was not sorted. I could of lumped all this TGL cash into Chonca after that crashed back to levels worth investing at after a failed merge or whatever it was. It's already trebled from the price it fell back to and it's all because of TGL and oh Mr Khan who's the golden child to some posters on here. But that's my problem I know, I just feel better getting that out.....

If any of the TGL board happen to read this BB I'd just say, make it sooner rather than later if anything is going to happen regardless of winding the company up or giving us shares in Cambridge because of the huge F up in TGL.

Live long and prosper!
KevPat2012
Posts: 308
Question
Opinion:No Opinion
Price:0.45
Can someone help me
6 Jan '16
If TGL does indeed relist as GOS in the future, what will happen to the shares held in a standard dealing account (and not an ISA)?

Are they now worthless or will they be transferred when/if they relist under another banner?

Is there a time limit now for all of this to take place?

And if the shares are transferrable into a new listing, will it be automatic or will there be procedures to undergo?

Sorry for the questions - I've been dealing for about 4yrs now and this situation (thankfully though regretably) is new to me... Thanks in advance...
Hedgehog100
Posts: 369
Research
Opinion:Strong Buy
Price:0.45
4 January 2016 RNSes
5 Jan '16
"04/01/2016 07:00 UKREG AIM Cancellation - Touchstone Gold Limited"

The brief 7a.m. TGL RNS yesterday was followed up by a longer one, copied below.
Please note the following error: " ... GOS Systems, that had been acquired from administration in November 2015 ... "
That should read November 2014.

Despite the delisting things are looking positive.

The major concern is whether the company can avoid the share being removed from ISAs, by relisting somewhere in sufficient time.

"Monday 04 January, 2016

Touchstone Gold Ltd
Cancellation from Trading on AIM
RNS Number : 7099K
Touchstone Gold Limited
04 January 2016

Touchstone Gold Limited

("Touchstone", "TGL" or the "Company")

Cancellation from Trading on AIM

On 1 July 2015, the Company's shares were suspended from trading on AIM as a result of the Company not having completed a reverse takeover or substantially implemented the investing policy approved by shareholders within twelve months of becoming an investing company and for not publishing its Report & Accounts for the year ended 31 December 2014 within six months of the year end as required under the AIM Rules.

Whilst Touchstone has continued to support and develop the intellectual property rights and businesses that constitute GOS Systems, that had been acquired from administration in November 2015, it has still not been possible to complete a reverse takeover, or otherwise substantially to implement its investing policy in accordance with AIM Rule 15 nor has it published its Report & Accounts for the year ended 31 December 2014 or its interim results for the six months ended 30 June 2015. Accordingly, under AIM Rule 41 the Company's admission to AIM was cancelled at 7 a.m. on 4 January 2016.

Following the cancellation from trading on AIM, Touchstone Gold Limited's ordinary shares will be transferrable by way of stock transfer form but there will be no price setting or dealing facility made available by the Company to shareholders.

The Company will continue to develop and build the operating businesses that it owns and the directors will keep shareholders informed of developments by way of notices on the Company's website, www.touchstonegold.com, and via direct communication where appropriate.

For further information please contact:

Touchstone Gold Limited
Franz Forrester
Tel: +44 20 3301 9341

finnCap Ltd
Ed Frisby / Simon Hicks
Tel: +44 20 7220 0500

Peterhouse Corporate Finance Limited
Lucy Williams
Tel: +44 20 7469 0936

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUSSRRNAAARAR"

http://www.investegate.co.uk/article.aspx?id=201601041043277099K
Bampster
Posts: 2,902
Observation
Opinion:No Opinion
Price:0.45
delisting
5 Jan '16
let us hope we get some news here soon,if only a progress report!!
Sausagedog1
Posts: 309
Off Topic
Opinion:No Opinion
Price:0.525
Just
4 Jan '16
the delisting RNS as expected today.
Dont expect too much from this lot just yet, might get another RNS this week but more likely somtime this month or next I imagine when they are ready. Can anyone imagine things moving quickly now, could be wrong...Still 50/50 play.
preemo
Posts: 71
Off Topic
Opinion:No Opinion
Price:0.525
RE: Prediction
4 Jan '16
RNS out, shares cancelled & no other information. Thanks board, you had a chance here to update us fully considering the time you've had to compile this 'update'.
Hedgehog100
Posts: 369
Observation
Opinion:Strong Buy
Price:0.525
RE: Prediction
3 Jan '16
I second that emotion: a Happy New Year to one and all!
YellowSnow
Posts: 67
Off Topic
Opinion:Hold
Price:0.525
Prediction
3 Jan '16
RNS this coming week!

Laying out the plans for the year ahead.

Until then, a prosperous new year to all TGL'ers




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