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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Light Science Technologies Holdings Plc | LST | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.15 | -6.00% | 2.35 | 09:32:43 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.60 | 2.35 | 2.60 | 2.50 |
| Industry Sector |
|---|
| ELECTRONIC & ELECTRICAL EQUIPMENT |
| Top Posts |
|---|
Posted at 08/2/2024 07:11 by analystium Great RNS this morning:New Order in a New Market Light Science Technologies Holdings plc (AIM: LST), comprising three divisions: controlled environment agriculture ("CEA"); contract electronics manufacturing ("CEM") and passive fire protection ("PFP"), is pleased to announce that its CEM division, UK Circuits and Electronics Solutions Limited ("UKC"), has received an order from a new client in the sports entertainment market segment. Valued at £130,000 and anticipated for delivery to the customer in April, this venture holds significant potential for follow on revenue in this new segment. In addition, UKC has secured orders since the start of the current financial year totalling c.£1.4 million in the pest control sector, predominantly due for delivery in Q2 of the current financial year, underpinning management's confidence in current trading within the CEM division. Highlights · Positive start to current year · Broadened customer base · Positioned to further grow margins and target larger contracts Following strategic investments totalling c.£150,000 throughout the course of FY23 and continuing in Q1 FY24, UKC has successfully commissioned conveyors, stackers, and a state-of-the-art wave soldering machine. These additions enhance automation and efficiency across its manufacturing lines and are expected to further bolster gross margin and product quality. UKC continues to supply products to a growing number of customers across a range of market sectors and to target larger contracts which give better financial visibility. Currently, the forward order book for the CEM division stands at c.£4.1m, putting it on track, when combined with orders already invoiced, to meet internal sales expectations for the first half of the current year. Simon Deacon, Chief Executive Officer of LSTH, commented: "This is a great start to the current financial year for our CEM division as it continues to successfully convert its strong forward order book, which currently stands at over £4m. Last year was this division's best year on record, successfully growing sales and increasing margins while operations were positioned to handle larger volume projects on the back of investment in equipment and staff training. "We are extremely excited by the move into the sports entertainment market and look forward to further broadening our portfolio of customers. Furthermore, given the significant growth potential of our CEA and PFP divisions, we look forward to providing further updates in the coming months." |
Posted at 13/1/2024 15:07 by mikejoseph Last week was a very interesting week for LSTA great trading up and it looks like the seller has cleared Also strong trading volumes Mike |
Posted at 07/9/2023 07:52 by solardave Tomboy; such a great announcement yesterday which now shows LST to be seriously undervalued at these levels; my target is the IPO price of 10p |
Posted at 06/9/2023 19:33 by tomboyb Solar we should break 3p -I'm buying Green Tech companies in the small cap arena - With LST its a 12month+ hold - |
Posted at 06/9/2023 08:32 by solardave Very strong move by LST; genuine progress... |
Posted at 06/9/2023 07:22 by tomboyb Light Science Tech. Holdings PLC Acquisition of Tomtech06/09/2023 7:00am UK Regulatory (RNS & others) Light Science Technologies (LSE:LST) Intraday Stock Chart Wednesday 6 September 2023 Click Here for more Light Science Technologies Charts. TIDMLST RNS Number : 4810L Light Science Tech. Holdings PLC 06 September 2023 Light Science Technologies Holdings plc ("LSTH", the "Company" or the "Group") Acquisition of Tomtech Earnings enhancing and complementary addition, further strengthening the Group's product range and market reach Light Science Technologies Holdings plc (AIM: LST), the controlled environment agriculture ("CEA") technology and contract electronics manufacturing ("CEM") group, announces the Group earnings enhancing acquisition of Tomtech (UK) Limited ("Tomtech"), a UK leader in the design, manufacture and installation of monitoring and control systems for commercial greenhouses and polytunnels, for a total cash staged consideration of GBP500,000 (the "Acquisition"). The initial cash outlay, payable immediately, is GBP75,000, with the remaining payments being staged and deferred over the next 30 months. As at 31 December 2022, Tomtech's balance sheet included cash in excess of GBP140,000 and is currently c.GBP284,000. Highlights -- Addition of new CEA revenue streams to the Group -- Well-established business which has been operating for over 35 years (initially as a sole trader, before incorporating as a limited company in 2011) -- Complementary product range with Artificial Intelligence ("AI") opportunities -- Growing revenues with a proportion of recurring sales on maintenance contracts -- Strong commercial and operational synergies with the Group's existing offering -- Loyal CEA customer base across the UK and Ireland -- Immediately Group earnings enhancing in the current reporting period Rationale Since launching its first products into the CEA market over 35 years ago, Tomtech has established itself as a UK leader in the design, manufacture and installation of monitoring and control systems for commercial greenhouses and polytunnels, helping growers optimise and automate their cultivating environments, resulting in superior crop growth. Tomtech's product range incorporates control systems and software, irrigation, lighting, sensors and venting. Its systems can be used across multiple crops in glasshouses and other horticultural environments. Additional long-term recurring revenues are generated via maintenance, servicing, and software contracts. Tomtech's business closely complements LSTH's existing CEA offering and will sit within the Group's CEA division post-acquisition, further strengthening its standing within the CEA market place. Tomtech currently has over 160 live customers - including commercial growers in agriculture, horticulture and floriculture segments as well as universities and public authorities. It has traded profitably for the last four years. For the year ended 31 December 2022, Tomtech reported unaudited profits before tax of c.GBP79,000 on sales of c.GBP680,000, of which c.GBP49,000 was recurring revenue. As at 31 December 2022, Tomtech had net assets of c.GBP145,000, including c.GBP141,000 in cash. Increased Opportunity The addition of Tomtech's product range will further enhance the Group's market reach and cross selling capabilities, creating a more holistic offering. By utilising the Group's digital platforms, the enlarged business will be able to take advantage of growing demand for AI in control systems - supporting precision farming with increased digitisation as growers target more control over crops to sustain and improve yields and profitability. Rising popularity of the Internet of Things ("IoT") devices and AI solutions is expected to drive demand with the combined technologies of the enlarged Group, providing a comprehensive product range and set of solutions for growers. The enlarged technology platform and integrated offering will enable the Group to tailor services for existing and new clients. Over 450 clients have been serviced by Tomtech since the business was incorporated, providing a significant springboard for the Group to target new business opportunities both domestically and globally. Terms of the Acquisition LSTH has entered into a share purchase agreement with Susan Elizabeth Thompson, under which, the Company has agreed to acquire the entire issued share capital of Tomtech for consideration of GBP75,000 in cash immediately and a further GBP425,000 in cash of deferred consideration, which is payable in stages - with equal payments of GBP75,000 being paid after 6, 12, 18 and 24 months and a final payment of GBP125,000 being paid after 30 months of completion of the Acquisition. The consideration will also include an adjustment (the "Completion Adjustment"), to reflect Tomtech's final cash balance on completion, once agreed. If it is below GBP150,000, the seller shall refund to the Company such amount below that figure, while if it is above GBP185,000, the Company shall pay to the seller additional consideration equal to such amount above that figure, subject to agreed deductions, totalling c.GBP25,000. The Completion Adjustment is expected to be a maximum of GBP75,000, payable by the Company to the seller, post-acquisition. All of the Tomtech employees will continue to be employed by the Group following the Acquisition and appropriate incentivisation arrangements are intended to be put in place. Simon Deacon, Chief Executive Officer of LSTH, commented : "We are delighted to have completed our first acquisition since joining AIM. Tomtech has an excellent team and reputation with its clients and we believe their range of products and technology know-how will further enhance our industry reach and standing. Bringing Tomtech's 35 years of experience into the Group's CEA division enables us to provide an important turnkey solution to our customers, providing the technology they need to control the cost of growing, increasing yields and growing all year round. Acquiring Tomtech enhances our ability as a group to take our products worldwide, offering a full range of products, which sets us apart from our competitors in this very important time for the CEA market where we are seeing extreme weather patterns worldwide affecting our food security. "Bringing Tomtech into the Group will further strengthen our position. The team's added understanding of the requirements of growers in all areas of the Industry from glasshouses and polytunnels to hybrid growing environments in vertical growing, will be a big asset to the enlarged Group. We are looking forward to working with the team to strengthen our CEA division not just in revenue terms, but also the additional support to grow our partnerships around the world and to broaden our reach." For additional information please contact: |
Posted at 17/8/2023 16:10 by pennyfalls Not sure your target of 3p next week will come true Firestorm..BUT Crux Capital seeling down is good news. They’re one of the big Investors in at 1p so inevitably have been selling into the rise (orchestrated nicely by the MMs? Mmm) So, there’ll probabaly be a few days - 2 weeks of selling - which will bring much-needed liquidity to LST. IF this is met by some good RNS’ about contracts/partenrshi |
Posted at 04/8/2023 09:02 by phil1969 Theres a big different between LST and ITS. You can tell by the volume and share price movement there is a fundraise 'probably' (for legal reasons) underway at LST whereas any buying strength at ITS results in MMs having to move the order book up. |
Posted at 03/8/2023 21:46 by mikejoseph Great to see such an important investor backing LST |
Posted at 17/7/2023 16:14 by pennyfalls Applied..I take it you haven’t been invested on AIM/Small Caps for long? Five years is like the history of the world to some of these companies/ they live the lifespans of small animals. There are a minority that ‘make it’, but even their days in the sun tend to be short-lived. Take a look at average graphs of how small companies fare. To be fair, if LST gets this right (in the right market at the right time?) maybe this could be one of those rare fish that climb on to land, and start to walk..maybe run. If so, then MC of £20/30Mill+ is possible (maybe 10-20p area), but if they continue to tread water and struggle to get fundraisers away at shocking discounts like last time, then it’ll be near zero or Zero. |
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