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ENF Enfis Group

14.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Enfis Group LSE:ENF London Ordinary Share GB00B1TK2453 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 14.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 14.00 GBX

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Date Time Title Posts
02/1/201112:42Enfis Group - with Charts and News305
05/8/201022:13ENFIS The New Sola137

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Posted at 24/12/2010 12:18 by chrisdgb
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.
Posted at 20/12/2010 10:38 by chrisdgb
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..
Posted at 20/12/2010 09:56 by rivaldo
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."
Posted at 09/12/2010 11:20 by rivaldo
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."
Posted at 03/12/2010 18:19 by rivaldo
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.
Posted at 30/11/2010 07:35 by pugugly
Placing to raise £1.6 million net at a cost of some £400,000 not unexpected but merger with PhotonStar looks rather expensive. £5.1 million for a loss making company and some 250% of last year's turnover. OK turnover is growing and last 6 month annualised could indicate somewhre in the region of £3 million, however subject to order lead times my initial take is that orders could be slowing at PhotonStar.

Initial reaction negative. Also nothing in the rns to indicate current profitability or loss of Enfis.

Very much a takeover of Enfis by the founders of PhotonStar who will hold some 30% of the shares in the merged company - Good deal for them ? Only if they can get the combined group into profit.

% of fully
Number of % of issued diluted
Ordinary Shares Number of share capital share
on Admission Enfis Options at Admission* capital*


James McKenzie 14,143,463 2,259,710 16.45% 17.69%
Majd Zoorob 10,626,389 1,985,456 12.36% 13.60%
Posted at 14/11/2010 14:29 by rivaldo
Just watching the Grand Prix - ENF's blue lighting looks absolutely superb again. A great advert/PR coup for the company which is repeated every year!

ENF were featured here a couple of days ago:



"The 16th annual Asian Games starts today in Guangzhou, with 9,704 athletes set to compete in 42 different sports.

And when the basketball players walk out onto the court at the NBA stadium, it will be under lights supplied by Swansea-based specialist the Enfis Group.

The firm, which is run from the Technium 2 building in Swansea's SA1 development, secured the contract to supply LED arrays and drivers for the NBA Stadium in Guangzhou.

The project involved the supply of more than 900 high-power LED light engines.

The finished product was designed to light the outside of the stadium with powerful consistent white light, as well as complex patterns of subtle colourchanging effects from remote lighting columns up to 45m away from the building.

Enfis chief executive officer Ceri Jones said: "Enfis is very pleased to be chosen as a key partner in this prestigious project.

"As a result, Enfis lighting technology will be showcased to the whole of Asia during the November games, and the project should act as a lighting flagship for Enfis and its partners."

Enfis has an office in Shanghai, and worked with the Qinghua University Department of Architecture in Beijing to create the striking lighting effect.

However, the contract in China comes at a time when Enfis is tightening its belt and looking to make £200,000 in cost reductions after recording a loss of £766,000 during the six months until June 30 this year."
Posted at 14/10/2010 22:17 by tangsoo
Guys - I have a very small investment here, but one I can afford to lose!

A friend ( who has close contact with a senior board member )of Someone I work with whom bought in to ENF very early was always willing to promote / recommend buying into ENF.My friend has asked him, on my behalf a number of times recently for his view/ opinion/ advice but he now refuses to comment!! Make what you like of that but I thought I would share it with you.

GL Tang
Posted at 27/8/2010 08:14 by chrisdgb
Wish List:

Half decent interims
Decent outlook
More nice contracts
Acqns?
Another marketmaker
x3 share price

Not much for a Friday..!!

Could be another small add for me later..
Posted at 06/8/2010 07:18 by rivaldo
Crikey - 80p by Xmas - that would be a five-bagger in just a few months daicaprice...

The lack of free float here might, along with any new buying, stillpropel the shares higher. After all, the m/cap is still just £3m and the share price was at 100p not so long ago.
Enfis Group share price data is direct from the London Stock Exchange

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