Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I am not deramping Sam7. Just annoyed and very bitterly disappointed in the last 6months progress within the company. I expected lot more after the recent appointment of the new management. This has got to be my worst share at this time as I had high expectation for 2018. It is saddening to hear straight from the BOD that they are not expecting anything this year at all. Furthermore, I am worried about addtional cash call to the market in the near future. I am just a frustrated shareholder. I am bit perplexed that nobody shares my concern.
Knowing current market conditions I foresee continuous drop until something substantially comes from the company which I highly doubt will be released in the coming months. By going by todays financial accounts, It will take atleast few years for Touchstar to get to start creating revenues. The BOD has summarised it perfectly written waffle with cherry on top. "From the first day I spent at Touchstar I was struck by a very customer focussed business, it cared, and its customers trusted the company. What was missing then was energy, an excitement that comes from introducing modern solutions, seeing customers' positive reaction and forward momentum. I ask (again) for shareholders to be patient in 2018 - we are working hard to scale the business, this requires time and investment. In the short term, there will be additional costs ahead of profit - 2018 will be somewhat of "an act of faith" period - harder evidence will only begin to emerge later. The success of the fund raising at the start of the year gives us the financial ability to execute our full plan. Whether we succeed or not is down to us, we have to be braver and more ambitious, the upside if we get this right could be considerable. We are focussed upon making this happen." Touchstar management is making it crystal clear that 2018 is write-off and additional costs are to be expected. This smells more placings and fund raising and is asking investors to be patient (AGAIN)!!! The company recognises they have failed shareholders here over and over again and no light in sight by the looks of it. And finally to top it off, 2018 is period of faith. Are you serious??!!!! So shareholders are asked to pray for their support and hope their investment doesn't erode away this year. Brilliant....NOT. I am contemplating to sell the rest of my holdings. I am just absolutely shocked of todays news. Ni
sam7, have you seen the results. Touchstar are making and made huge losses compared to last year. I am not sure the sums vouch for the business they have brought in which is hardly anything. You talk about being on AIM - yes there are high risks involved in this market but there are many more profit making companies on AIM. My worry and for all future investors who are considering - todays statement by the company " we have arrived to a point of no turning back....a scary decision" is frankly damaging to say the least. It adds no reassurance but more a uneducated and very amateurish business decision. I suggest you re read todays news and statement along with the financials. The more I read it - the more shocking it gets. I would not be surprised if all hell breaks loose here in few months and the company release a statement "by the way the risk we took, well, it didn't pay off, see you later and thanks for all your hard earned money". I do wonder what and how they have used recent placing money. Absolutely disgusted!!
""The Group needed to change to have a vibrant future and, as we move to scale the business, we have arrived at the point where there is no turning back. Whilst this may seem a little scary it is very exciting" THis has done it for me. They are going into the market with blind eye and put all their chips on BLACK or flip a coin type of conclusion for future business and model. No risk is factored in which makes me question BOD intention in TST. Does the BOD have no advisors to check these statement before the company makes them? I am worried and have more than halved my holdings at a loss. very very worrying.
absolutely great news. im loading up. people do not realise that we have been waiting for this for years/.
just went thru at 199.9p...finally over turned? buys coming in now
tomorrow. Expecting solid results to put all this nonsense to bed .GLFs.
Nice to know he board has been busy after all this silence and are in advance stage. I think we will hitting above 1p very soon. When sma moves, it's hard to get any shares
To be honest, the car market is still performing very strongly and brexit fears have been put to bed by recent uk spending data. Again today, officials have once again confirmed the year end is going to look good on books as far as uk spending is considered. Now people are still buying second hand and new cars more than ever, as it's become a necessity than a luxury. I personally think, this will be reflected in VTU results next week and hence the bod has released a statement saying they are expecting in line with expectation and strong data. The confidence is back and we will be trading prior brexit days very soon , above 60p. Upto the run up to the news we will see a nice consolidated rise. I think dilution is nonsense. They did that few months back at 65p. That's for more acquisition. Potential TO here? The managemen is strong in this company. All to play for.
Did anybody Notice the 202k buy this afternoon for about £95k? :)
Stonking*
This is a stinking buy
100 trades to get that big sell?
If there is a sniff of these news then we are looking at 2p plus here. Last year Dec when Chinese buyers news took us to 1.2p. These are cheap as chips right now.
Show us the 1p!!!
would be lovely to break past the 1p mark. seems many of us are in the range. surely when David was here last year, we were involved in heavy talk with a suitor and if i remember correctly they were two chinese involved with heavy due diligence done. either way SMA has a potential world class gold asset and can only materialise from here.
Still Holding from 1p days