Hello Touchstone Technology!!Touchstone Gold are obviously still listed on the London Stock Exchange, under the ticker LSE:
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=CA89156G1090GBGBXASQ1
Though it looks like it's goodbye Touchstone Gold, hello Touchstone Technology!!
Obviously great TGL news two days ago, because is there a more highly rated sector than the tech sector?
Just look at LSE-listed Concha (CHA), market cap. £15.2M. at 1.175p.
And Concha are, like TGL, a client of Peterhouse Corporate Finance.
31/03/2014 15:20 UKREG Concha plc Interim Results
"Concha's strategy remains to identify and invest in growth companies in the technology, media and communications sectors. The Board has identified a number of potential acquisition opportunities in these sectors, which it believes offer good opportunities to generate shareholder value. Whilst there can be no guarantee that one or more acquisition opportunities can be concluded successfully, the Board remains confident of creating shareholder value through Concha and looks forward to providing further updates in due course."
Concha (CHA):
C. 0.18p first half of January, to c. 1.175p second half April: 6.5-bagger
(based on closing mid price lows and highs, estimated from charts).
I particularly like the phrases "timely updates" and "known high growth technology sectors" from Wednesday's TGL announcement:
30/04/2014 07:01 UKREG Touchstone Gold Limited Investment Policy, Circular & Notice of AGM
" ... The Company's remit in this regard is broad and at this stage the Directors can report that they are reviewing a small number of companies outside the natural resources sector. The directors will provide timely updates to shareholders as matters develop.
... we have been approached by a number of companies in known high growth technology sectors that are ready for a public listing, and which might be suitable for an RTO once the Company has obtained its requisite approvals at the AGM. ..."
It looks like the company are going to keep us fully informed as to progress, which should mean that the newsflow should continue coming think and fast (we've had five TGL RNSs in the second half of April).
And judging from the speed TGL work at, I wouldn't be surprised if the 30th. June AGM will actually be able to approve a specific RTO.
Currently 0.39p, with a spread of 0.35p-0.43p.