If anyone has surfed over to Toumaz’s website one will find an entirely revamped corporate face. It looks inviting, exciting and professional. It’s certainly a far cry from its predecessor. Formerly, it projected the image of a company no longer in existence where there still remained links to articles that were no longer available or were many years out of date. This, pleasingly, is no more.
Many underplay actions taken like this and discard it as an unnecessary expenditure. For sure this is an arguable case when the coffers are looking low. However, if the site does not look appealing and fails to communicate the company’s mandate and objectives in a meaningful way then investors won’t even try to understand the story behind the face. The new brand and corporate image is sharp and modern, reflecting the new Toumaz Group. It neatly marks all the changes that have inevitably been occurring behind the scenes, what with the Frontier Silicon merger, strengthened management, and focused strategy.
The new, streamlined mandate is to become the global leader in wireless solutions for the healthcare, digital radio, and ‘Internet of Things’ markets. All these changes can be attributed to the single decision made in May 2012 when Andrew Sethill was appointed as CEO of the Group. It has been a blessing for the former R&D-focused company. This was the major gripe for the prospects of the business, that it did not seem capable of utilizing its impressive IP (Intellectual Property) and monetizing them. The talent was there, but the commercial links were not. The Frontier Silicon acquisition, I believe, opened this door for Toumaz.
It’s an exciting time to be a shareholder of the Toumaz Group and we should see growth escalate dramatically going forward. We could be seeing the beginnings of a story which investors could really buy into. After all, this is what makes the market move, and being here before the herd will ensure some decent money-making.
The Technicals:
The above chart displays the candlesticks making some movement towards the underside of the Ichimoku cloud. Today’s movement has lead to the wick apparently upholding the thinnest area of the cloud, with the close kissing its underside. We had a good push today with the stock gaining 5%, with no sells throughout trading.
The more interesting technical development is less about the shorter term movements, but about the overall trend and this could be about to turn green. See the weekly chart below, and specifically the True Strength Indicator (lower chart):
We finally have the crossing over of the TSI lines, an important long-term indicator which is a strong suggestion of an impending up-trend. It one had solely gone on this indicator’s say-so on its last bullish cross-over the capital gain would have been well over 50%. On top of this we have the longest sustained period of trading above the 15 period SMA (Simple Moving Average).
These indicators’ suggestions are yet more reasons to hold this stock.
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