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LST Light Science Technologies Holdings Plc

0.00 (0.0%)
29 Sep 2023 - Closed
Delayed by 15 minutes

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Share Name Share Symbol Market Type Share ISIN Share Description
Light Science Technologies Holdings Plc LSE:LST London Ordinary Share GB00BNDQJN14 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 2.55 0.00 07:45:20
Bid Price Offer Price High Price Low Price Open Price
2.40 2.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Lighting Equipment, Nec 8.17 -2.50 -1.40 - 8.49
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.55 GBX

Light Science Technologies (LST) Latest News

Light Science Technologies (LST) Discussions and Chat

Light Science Technologies Forums and Chat

Date Time Title Posts
21/9/202308:18Light Science Technologies PLC: new vertical farming/agri-tech IPO175

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Light Science Technologies (LST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-09-28 15:11:582.7038510.40O
2023-09-28 15:11:582.70742.00O
2023-09-28 15:11:482.5478,2691,988.03O
2023-09-28 12:48:122.5541,0001,043.45O
2023-09-28 09:20:432.551,02326.04O

Light Science Technologies (LST) Top Chat Posts

Top Posts
Posted at 07/9/2023 08:38 by solardave
Tomboy; already trading a 3p now; again its very difficult to get a live price in any volume...
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 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.

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.


-- 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

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/partenrships and earnings growth, this will ROCKET
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
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.
Posted at 08/7/2023 09:56 by applied1
Where could this share price be in 5 years,seriously please.
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