Photonstar Led Share Discussion Threads

[letmepass] 04/5/2017 08:29

So they made over 5 million. I didn't think they sold any products.. Wow.. Major rerate here, brilliant news

[clocktower] 04/5/2017 08:27

What they said in Jan 2017 - These funds will not even pay off the draw down that they had on 31.12.16 and how much have they lost since then?

Wait till we see the accounts for the year - blood red I expect.


"PhotonStar experienced challenging trading conditions in the second half of 2016 and as such the Group's results for the year ended 31 December 2016 are expected to be below current market expectations.

The audit for the year ended 31 December 2016 is underway. The Group's unaudited full year revenue for 2016 was approximately GBP5.4m (2015: GBP6.9m). This reduction in revenue, when compared with the previous year, is due to the continued price pressure in the more traditional area of the Group's business (light fixtures), the on-going emphasis by the Group on transitioning itself away from light fixtures and into intelligent lighting solutions and building control systems and market uncertainty following the UK's "Brexit" referendum which has had a negative impact on existing and potential customers.

These factors impacted Group revenues strongly during Q4 of 2016 and have also impacted revenues during January 2017. The Group made an unaudited EBITDA loss in 2016 of approximately GBP0.6m and unaudited loss after tax for the year of GBP1.3m. Included in the loss after tax is an investment by the Group into its halcyon(TM) system of approximately GBP0.6m, whilst revenue generated by the installation of halcyon(TM) , primarily as trial systems that are expected to result in much larger projects, was approximately GBP0.5m. Overheads for the year 2016 were GBP2.5m, which compares favourably to GBP3.5m for 2015, and is a reflection of the cost saving measures that the Group implemented during the year. At 31 December 2016 the Group held unaudited cash balances of approximately GBP0.23m and the Group had drawn down GBP0.83m of invoice financing debt out of its total maximum facility of GBP1.65m."

[letmepass] 04/5/2017 08:23

Funds to provide roll out.. Massive savings more news to come

[sweepie2] 04/5/2017 08:23

Apologies my mistake

[clocktower] 04/5/2017 08:21

sweepie2 it was 1.25p

[clocktower] 04/5/2017 08:20

You wish ramper, in your dreams.

[sweepie2] 04/5/2017 08:19

Yes and why should I pay 2.5p presently when directors received them at 1.50p yesterday, will be down there at some point

[clocktower] 04/5/2017 08:16

The sly cunning foxes are playing games to suck and sell, as I said how long will it take before the company looks for more funds and gets new authority to issue more stock?

[timnicebutdim] 04/5/2017 08:12

As I said yesterday absolutely no reason for this company to have shot up by the amount it had, was worked from the start.

[pwhite73] 04/5/2017 08:12

Don't get mugged by a fake recovery. 1.25p is where these shares are heading.

[clocktower] 03/5/2017 20:34

I think that was pretty clear from the moment they issued the letter of intent Mr MacG -if you look at various BB on various sites you start to see the picture emerge of the professional rampers.

It was followed up with first class press coverage that no-doubt sucked a number of PI`s in.They will now be hung out to dry, as per normal service.

The directors and Northlands actions should be investigated imo.

[sweepie2] 03/5/2017 20:07

What a false market they have been running, knowing that this placing was being planned at this price and allowing the price to run away to 3.6p
This is going to cost people alot of money in the short term apart from the select few and directors who have made from this. Wonder how many of them have been forward sold?

[clocktower] 03/5/2017 18:17

As expected, Northland Cap working the market to get that away and I expect allow some to make reasonable sums of money on the back of this placing. Back in November 2016 Majd Zoorob wrote that they had no plans to raise additional equity capital - how quickly things change. It is nothing more than I expected and pointed out on this thread on the 28th April.the company and Northland have done this before if you look at the trading spikes.

In December they were selling the balance from a fund and seeking bids on a large parcel.

The company now trying to dress it up by saying the Placing price represents a 64.7% premium to the company's average closing price since 3rd April. What they are not saying is that this is at around a 60% discount to it`s closing price.


How long before it goes sub 1p again?

[noirua] 03/5/2017 17:53

"We are very grateful for the continuing support that the Company's existing shareholders have shown with regards to this Placing. As detailed in January's Trading Update, the Company experienced challenging trading conditions during the second half of 2016, which continued during the first quarter of 2017.
However, following the Company's participation at the IBM InterConnect 2017 Conference in March, management have felt more confident about the Company's prospects for 2017 and beyond.
This sentiment was further endorsed by the letter of intent PhotonStar recently received from a key customer regarding the proposed roll out of the halcyonPRO2 and its halcyon CloudBMS platform, which has been well received by the market.
A period of hard work lies ahead, but this Placing allows PhotonStar to look forward to securing purchase orders relating to the proposed Halcyon roll out with renewed optimism."

[rk23] 03/5/2017 17:47

Photonstar LED Group PLC Placing to raise £465,000Source: UK Regulatory (RNS & others)TIDMPSLRNS Number : 1120EPhotonstar LED Group PLC03 May 20173(rd) May 2017PhotonStar LED Group PlcPlacing to raise GBP465,000PhotonStar LED Group Plc (AIM: PSL, "PhotonStar" or "the Company"), the British designer and manufacturer of intelligent lighting and building control solutions is pleased to announce that it has raised gross proceeds of GBP465,000 via the placing of 37,200,000 new ordinary shares (the "Placing Shares") with existing investors and Directors of the Company at a price of 1.25p per Placing Share (the "Placing Price") (the "Placing"). The Company recently obtained EIS Advance Assurance and VCT Advance Assurance, as such 22,885,280 Placing Shares will qualify for EIS/VCT relief.The Placing has been undertaken by the Company's broker Northland Capital Partners Limited and, up to and including the closing

[jamesd888] 03/5/2017 16:22

Above 3p now...looks like a stronger finish

[jamesd888] 03/5/2017 16:20

PSL up 5% now

[jamesd888] 03/5/2017 16:18

Great rise over the last few days here.....today ....up this morning, down afternoon...par now and maybe a finish up....today has been volatile in stocks...up down here and now up down. Hope those that got in INSP When tipped made good profit...Crazy day all round...next tip is OCT...News due over the next few days

[jamesd888] 03/5/2017 16:13

PSL back on the rise...

[inv] 03/5/2017 15:10

going down and will do some more until the 1p level is hit then perhaps buy

[jamesd888] 03/5/2017 14:51

OCT worth buying today before bond update and trading update due this week

[jamesd888] 03/5/2017 11:28

INSP...worth buying now ....likely to do a PSL over the last few days on news leak

[noirua] 03/5/2017 11:18

Probably just some expected profit taking before moving back to challenge today's high point. Market cap remains below £10 million.