Member Info for LV1991

All of which is baked into the current market price and will therefore not move the share price north of 95p, sadly

"Touchstone remains one of the outstandingly cheap stocks within this sector, after initial discoveries the market has taken its eye off the ball that should mean a substantial re-rating upwards from these levels." LoL He is right / but the rerating has already taken place and cut the share price in half over the last 6 months, follow the sentiment not the facts that are already known to everyone, including the market.

Hi John, That's the problem, the EIA is probably not far away but is already factored in, so in my mind no uplift when it happens and only downside if it is more delayed. With oil prices unlikely to push higher in H2 from where they are now and recession clouds on the horizon the macro position for a re/rate is poor, hence why I can't see anything above £1.20 by year end, but a dip further down in the next 4/8 weeks.

Given no new good news imminent, the muted response this morning and the potential for further delays and lack of clarity, it looks like this will drift down to the 70's again / prepare for another 10% capital reduction in the next month. Certainly anything above £1.20 this year is highly unlikely. This share does demand a lot of patience.

Obviously Paul's calendar has gone wonky, May is now end of June or maybe even beginning of July ?! As I said before, no good news so no material share price rise any time soon. No real change to risk position, juts no material bad news. What these guys are doing is not easy and we need to remember that, but there is room for improvement with regards to underselling and over achieving.

@ Lexion, I understand your comment as we all fee this is worth more, but given the 50% drop in the share price over the last 6 months and most of the positive news baked in, a 25% rise from here over the next 7 months is still quite ambitious

There is not "plenty of selling". In total £248k of shares traded, those showing as sells will not all be sales as the data is never accurate between sells and buys, only the total volume is accurate, pending any delayed trades of course. With a market cap of £172m, less than 0.15% of the shares being traded is a very small amount. Just the usual slippage given no good news expected, other than what is already forecast and built in. Sold £80k at 90p the other week and bought back in again today at 83p. May continue to drift down into the 70's and then will buy more as expect this to be above £1 by year end and the long term view is still good.

@Sturm, the argument for reinvestment at a later date is that by selling last Friday I avoided a 3.5% loss today and by reinvesting in GOG created a 6% gain / so 9.5% up in 1 full trading day. Sadly does not always work out so well, but that is exactly why I did sell last Friday, so I am now 9.5% better off than the patient TXP shareholders.

@happysparrow / your logic is sound and I agree with it, but the market and share price disagree with us both, hence why I am taking a different approach with so many other opportunities at present. It will come good, it's just a question of timing I think.

@happysparrow / I just don't see any new unkown events being able to drive the share price to double in the next 3 months, as Joey says cash in the bank and going into 2023 should see some type of rerate

I sold about 92k shares just before the close on Friday last week. My reasoning being the market has had more than enough time to review the share price and yet it hasn't / all the good news is forecasted so confirmation of the good news won't drive the share price higher and any delays will see it drop massively, unjust though that may be. This has been a trading stock for me over the last 12 months. I will buy back in between 70 and 84p over the next few months as I do believe we will be at 1.60 within 12 months. But at least I avoided the £2.5k hit since last Friday,

Thanks to the 5% drop today, just added another 11,538 shares to take my holding to 61,751 shares. If we go down to 80p or below it is just another buying opportunity in my mind.

Although I am positive on ITX and bought back in last week, I am not getting too excited here. This RNS is a typical jam tomorrow come on with unspecified revenues starting in 12 months time or more and will not avoid a cash raise in 2022.
We need cash and increased revenues in 2022 and a major growth documented and realistic plan for 2023 and 2024 that builds on 2022 / this is till missing.

Good point Surfie, it was however at 17p eight months ago / so a rerate back to 12/14p does not seem to wild over 12 months, if they secure enough cash to expand and grow their market share / but as you said the last four months have been catastrophic with regards to the share price / if you believe in the patents, the green agenda and the management it has growth potential, but there are risks attached / that.s my view for what it is worth

@smartinvestment / I did eventually fill an order for £6000 at 3.45, lets hope for 12 to 14 p within 12 months to put us all in the blue! Have a great weekend

@AJP / the recording of buys and sells is always and will always be inaccurate / so no point in looking at it, more important is volume and average volume. Surprised we reached my prediction of under 3.5p today, that indicates we could be dropping into the 2's next week / but I have dipped my toe in this morning with a 5k pound buy request and waiting to see if it is filled at 3.3p

@smartinvestment / agree they are in early stage, hence why they don't have the scale and then options. I think the hope would be that a strategic investor would come in and take a stake at a higher price than the current low share price is, this would dilute existing investors but take them through to the break even time period. I intend to come in at just under 3.5p, might be tempted before depending upon overall market conditions.

@smartinvestment / I do agree with your logic but if if they run out of cash before the share price rises, not sure what options they would have? Despite all the patents and products they are very sub scale with minimal cash and revenue growth is patch in terms of achieving scale

The Soundman / I said 3p is possible, will look to come in at 3.2p or so, depending on the volume, think prospects are good long term but small cash raise this year likely

Looks like my prediction of under 3.5p made last week will be achieved by next week