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Two things probably holding it back:
There have been quite a few disappointments recently. A lot of false downs.
There is unlikely to be any news until April. They are not in the habit of announcing contract wins. Newsflow is limited, which is not ideal.
Dibs61, you've summarised nicely.
I would also add that TST are now only just beginning to see the fruits of a turnaround which has taken quite a while, instigated by new management under a CEO who has an excellent track record. I've met him and seen him present. He is imho extremely capable - and honest, as evidenced in prior results and update statements. No hype here - which is why, as I posted earlier, the more positive tone to his commentary today looking forward is very interesting.
I’m a bit baffled. MC £5.2m with net cash £1.6m gives this an EV of just £3.6m? Company is profitable and cash generative. Seems well run company. Am I missing something?
On the basis of this looking rather undervalued I’ve picked up a couple of tranches sub 70p. I think there could be a rerating here. At least if they keep on performing like this there will be at some point.
Give it few days, its tiny mcap enough to send it to £1
https://twitter.com/aim_taking/status/1349328756230545409?s=20
This is clearly a keep and hold and top up on any dips. Profit may be £300k or so. But can see massive upside once normality resumes. No downside. Got the cash
Hi all. Joined the register at 68p this morning. What an update. Operating Profit for year end must be over and above the £139k in the interim results. Anyone done any fag packet calculations?
Certainly better than I anticipated, good news re profitability and cash. The declaration of a future dividend policy would be good at some point, sooner rsther than later imv. A 2p dividend would cost £160k!
Dividends on the way as well. Its very good short to med term investment
At least no worries about placing or cash. They got massive cash compared to mcap and most importantly is cash positive. I have topped up twice today.
They will take over £25k worth at 65p now. These are in demand right now. As always, hold if you can and enjoy the gains. Short term as in next week look for £1 plus.
No stock at all. Might do 200 today. It will be squeezed and shoot
Yep - a Buy just now at almost 65p - a full 5p above the current 60p published offer price. Stock must indeed be extremely scarce.
I think the mm's are struggling with the liquidity this morning. No online quote to buy but will take my entire holding for 57p.
Wonderful results, cash is amazing no dilution for a long time now. Mcap its so tiny for this profitable company
Agreed - great to see net cash increasing nicely to £1.6m since the £1.46m at the interims - and to see TST staying profitable for the year.
And two very interesting comments from the CEO - firstly when he says "we are optimistic of an even better outcome this year".
And :
"We continue to not only keep to but exceed the goals in the roadmap we put in place to navigate the business through into 2022."
Strong performance with half of market cap in cash. Due a rerate.
Should see dividend being introduced soon.
nice to see this finally tick up. TST's trading statement for YE was in Feb last year, hopefully we can bring it forward a few weeks.
A maiden profit, decent cash position and and good forward looking statement and this should significantly re-rate.
I think all 3 are likely
We live in hope of a sustainable rerate! The spread is ridiculous makes it very difficult to determine if price has actually risen.
Moving.
Late 5k buy from yesterday means there are no shares available online to buy. Could see a move soon.
Positive trading update from QTX, who may be interested in bidding for TST.
With this share's liquidity, if a tiny fraction of the profits made in ARB this week bought in here, the share price would double in a couple of hours.
Just need a bit of volume and this could see a sharp move.
Getting hard to buy quantity online. Are we about to see the next leg up?