Enfis Group Share Discussion Threads

[cambium] 02/1/2011 12:42

happy new year

[daithedeath] 30/12/2010 13:34

yes
perhaps new thread req :-
PhotonStar LED Group PLC

[chrisdgb] 30/12/2010 12:11

Gone quiet here, anyone else excited by 2011 prospects..??

[chrisdgb] 24/12/2010 12:18

Announcement:

PhotonStar LED Group PLC (formerly known as Enfis Group plc) is pleased to announce that at the General Meeting held yesterday, all resolutions were duly passed. Accordingly, trading in its Ordinary Shares has commenced on AIM today, following the reverse takeover of PhotonStar LED Ltd. The Group's LED Lighting Fixtures business is carried on by PhotonStar LED Ltd ("PhotonStar") and its LED Light Engines business including Enfis light engines is carried on by Photonstar Technology Limited.

PhotonStar is a UK based designer and manufacturer of efficient, sustainable LED lighting fixtures. PhotonStar's LED lighting products have won a number of industry awards for innovation and design. Its 'Smart' range LED fixtures allow greater levels of energy efficiency to be achieved by end users through a combination of light source efficiency and control.

Photonstar Technology Limited specialises in the design and development of intelligent high power LED arrays and light engines Its light engines combine high power LED arrays with efficient, intelligent electronics and effective thermal management. Customers use its arrays and light engines for demanding applications within sectors such as film and TV production and other entertainment lighting and ultra-violet curing applications such as epoxies and printing inks. PhotonStar intends to drive development of a range of highly integrated light engines and controls for use in general illumination based on a combination of its technology and Enfis array products.

As announced on 30 November 2010, the Group has raised approximately £2.0 million (gross) pursuant to a placing of 19,799,790 new ordinary shares of 10 pence each ("the Placing Shares") at 10 pence each per share. The Placing Shares represent approximately 23% of the Group's enlarged share capital of 86,386,503 ordinary shares of 10 pence each which will trade under the ticker PSL.L. The Group's ISIN is GB00B1TK2453.

The net proceeds of the placing will be used, inter alia, to fund the costs of integration of the Group's businesses product development and working capital for expansion.

Further information is available on the Company's website: www.photonstarled.com.

[chrisdgb] 24/12/2010 08:58

Probably need new thread now, ticker is PSL.....good luck for 2011..

[garbil] 20/12/2010 11:33

Thanks for that, rivaldo.

Got onboard here last week and will be looking
to add.

Dynamite sector and very promising business now
IMHO.

[chrisdgb] 20/12/2010 10:38

thanks for that, I see a couple more trades trickling through today...

the bad old days of someone knocking the price 20% on a £300 sale seem a long time ago....!!

a bright future indeed..

[rivaldo] 20/12/2010 09:56

Excellent coverage in today's Express:



"PHOTONSTAR MAKES LIGHT WORK OF LISTING

PhotonStar designs and makes LED lights for use in homes and commercial buildings
Monday December 20,2010
By Andrew Johnson

AN innovative lighting firm is planning to join the Aim market through a reverse takeover deal with a rival company.

PhotonStar LED is being taken over by Aim-listed Enfis in a deal worth £5.1million.

The enlarged group will keep the PhotonStar name and the firm's chief executive, Dr James McKenzie, will carry on in the same role once the deal is done.

McKenzie and his co-founder, PhotonStar's chief technology officer Majd Zoorob, will own 31 per cent of the firm and shares will start trading on Christmas Eve.

PhotonStar designs and makes LED lights for use in homes and commercial buildings. Customers include Government departments, hotels and universities.

The firm's patented technology has won a number of industry awards for helping its customers to save money by reducing maintenance and energy costs.

Enfis uses LED technology in a number of areas, including lights for film production, as well as providing specialist architectural and medical lighting. Much of its manufacturing is outsourced.

PhotonStar will use £2million it hopes to raise in the move to Aim to fund integration and expand manufacturing capacity.

It is looking to grow organically and by acquisitions. LED lighting is becoming increasingly popular and groups like Phillips and Osram are building market share. However, PhotonStar believes the market is large and diverse enough to allow it to succeed.

Founded in 2007, it made a loss of £84,000 on sales of £1.5million for the half-year to September."

[husbod] 16/12/2010 16:14

So Throgmorton is the seller.

[husbod] 15/12/2010 16:56

Is that a third.

Seems to be a big seller on 16p as we do not seem to be able to turn it blue despite trades over the last week that would normally have sent the share price soaring.

Anyone going to the EGM?

[thrgef] 15/12/2010 08:47

well, we appear to have another MM

[rivaldo] 10/12/2010 12:08

Deffo something going on - another 300,000 shares traded already today.

[battlebus] 09/12/2010 20:45

Tip or not we are heading in the right direction for a change.

[husbod] 09/12/2010 13:48

There are other smaller (eg Seren - see wilburs post today on the IQE bb where there is a common key investor) and not so small companies also in the race eg IQE itself where logic and rationality/economies of scale would suggest that tie ups/mergers/takeovers could be beneficial. Very interesting times ahead undoubtedly in this potentially colossal market where exponential growth will lead to substantial re-ratings of the sps of those companies in the forefront.

[rivaldo] 09/12/2010 11:20

Chris, nope, it's definitely not Techinvest.

Useful summary here (Pugugly, please don't split hairs, obviously it's a reverse takeover - Mackenzie is the new CEO - but the mechanics of a stock market listing means it's ENF doing the taking over!):



Extracts:

"While Enfis' LED technology is used in demanding sectors such as film and television production, medical lighting and ultra-violet curing applications, PhotonStar specialises in residential and commercial lighting."

"The lighting market is in transition, with older technologies being replaced by new forms of lighting such as LED. It is estimated that by 2015 LED lamps and models will account for 50% of all lighting.

While there are some big players entering the market, such as Phillips and Osram, Enfis believes that there is room for many smaller players to operate successfully."

[chrisdgb] 09/12/2010 10:15

I wonder if it is Techinvest..??

[husbod] 09/12/2010 08:27

Strange given the price at which the merger will take place - assuming it does. Mind you this stock has always been supersensitive to even low volume trades. That will probably change after the merger given the additional stock that will then be around. Might even get a few more mms.

If you want any info on the potential of led lighting etc then philanderer on the IQE bb is your man. Keep telling him he should be posting here.

[chrisdgb] 09/12/2010 08:07

flurry of buys, has this been tipped..??

[chrisdgb] 07/12/2010 08:24

nice to see volume continuing to tick through, we have turned a massive corner here..

[pugugly] 06/12/2010 12:46

rivaldo:> This is not an acquisition by Enfis (imo) but a takeover of Enfis by PhotonStar. Dr James Mckenzie gets a listing on the cheap and a slug of working capital. He will be the man driving the business forward (hopefully the case) but the Company control and possibly direction have changed.

So far as I am concerned the jury is still out.

[battlebus] 03/12/2010 18:24

A great thought Riv,probably the only good to come from a Qatar world cup. What a farce even bringing Wills into it.

[rivaldo] 03/12/2010 18:19

I believe the acquisition and placing is overall excellent news.

The acquisition looks exciting and complementary and will bulk up ENF to a much more acceptable size. And the placing price was particularly impressive, with little discount if any.

My gripe is that £5m is a lot to pay for a business operating at break-even and with little in the way of assets. The contra to this is that it gives ENF kudos and bulk in one of the most exciting areas of global growth - i.e LEDs. One has to assume that ENF are expecting fast and profitable growth.

As an aside, I wonder if the Qatar World Cup win will benefit ENF? The Qataris must be aware of the success of ENF's Abu Dhabi F1 race track - it's been quoted in most of the articles I've read today about the Qatari bid as an example of what's been happening in that region.

[battlebus] 03/12/2010 18:01

Everything seems to be fitting into place atlast. A quick rise to 20p i think!

[husbod] 03/12/2010 16:55

Are you going to the EGM chris? Unfortunately I have a commitment on that day which may be impossible to avoid but I reckon a trip down West (if it is held in Swansea) could be very rewarding as you can meet and discuss with the Board.

You are right about next year and we should of course get a nice "directors buys" RNS when the reverse take over is confirmed. Personally, directors buys are one of the most important influences for me when investing in a company and these due here are hardly insignificant.

[chrisdgb] 02/12/2010 11:31

Yes the first semblance of a normal market...!!!!

Looking forward to a great 2011 with this stock..