Light Science Technologies Share Discussion Threads

[tomboyb] 12/10/2023 16:27

Breaking upwards -

[analystium] 21/9/2023 08:18

Such a great consortium; world class partners; Adding Nitrous Oxide sensing is also an important step.

Great progress.

[tomboyb] 13/9/2023 09:02

Looks like shares are very much in demand -

Good Morning -

[tomboyb] 12/9/2023 09:19

good start -

[solardave] 07/9/2023 08:38

Tomboy; already trading a 3p now; again its very difficult to get a live price in any volume...

[tomboyb] 07/9/2023 08:30

Solar -

I followed Cooley here -

I think we will be 3p+ today -

[solardave] 07/9/2023 07:55

Analystium; great post, I agree that some of the details of the deal seem to have been missed; its great to see the RNSR this morning regarding the Investor Meet presentation.

[solardave] 07/9/2023 07:52

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

[analystium] 06/9/2023 21:58

Today’s announcement is a very significant development in my view, which is not only earnings enhancing but also cash enhancing. It looks to me like a few details have been missed by the market which are worth restating here.

The deal is cash enhancing:

The initial cash outlay is GBP75,000, with Tomtech's balance sheet included cash c.GBP284,000.

The deal is immediately earnings enhancing in the current reporting period:

Tomtech reported profits before tax of c.GBP79,000 on sales of c.GBP680,000 of which GBP49,000 was recurring revenue.

Loyal CEA customer base across the UK and Ireland built up over 35 years

I also noted during trading today that the MM’s ran short of stock. Indeed, there were periods of strong buying followed by a bid lockdown on most online channels often lasting over 30mins. The market just kept running out of stock. One of those rare occasions when supply of stock was extreme enough to suppress progress. It will be interesting to see what happens tomorrow.

DYOR

[tomboyb] 06/9/2023 19:33

Solar we should break 3p -

I'm buying Green Tech companies in the small cap arena -

With LST its a 12month+ hold -

[solardave] 06/9/2023 15:57

MMs are totally out of stock; online you cant buy even 1000 shares; try it!

Dave

[solardave] 06/9/2023 08:32

Very strong move by LST; genuine progress...

[tomboyb] 06/9/2023 08:25

Lets see 3p+ -

[tomboyb] 06/9/2023 07:22

Light Science Tech. Holdings PLC Acquisition of Tomtech
06/09/2023 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:

[pugugly] 01/9/2023 17:43

Closed down - 1,313,405 shares at 1.9501 (Late mark from morning) - Could be taking a nice profit on placing but possibly unloading onto a greater fool.

[solardave] 01/9/2023 16:46

Strong ending; the lows are getting progressively higher..

[pennyfalls] 01/9/2023 12:50

‘Dump’ is most likely Crux (Lansdowne) reducing their stake further.
All should be good once they’re out.

[tomboyb] 01/9/2023 12:37

Not if Cooley ups his stake -

[pugugly] 01/9/2023 11:48

Looks like the pump may be over and the dump starting - Down 16% so far today.

[solardave] 31/8/2023 15:31

4% spread is tighter than usual; good volume now

[tomboyb] 31/8/2023 14:00

Heading 2.5p+ -

[solardave] 31/8/2023 10:57

Now gone into auction, still cant buy any?