Photonstar Led Share Discussion Threads

[daicaprice] 28/3/2012 08:19

The new director has been a busy boy in the last five years, he obviously enjoys Board meetings!!

DC

[battlebus2] 28/3/2012 07:34

A great set of building results, although still a loss of 1.1 million there's a lot of positives for the future.

[battlebus2] 23/3/2012 08:19

A nice tick up this morning makes a change.

[pugugly] 02/3/2012 08:46

bb2:> U could well be right - As mentioned above I am concerned re cash burn and cash conversion - While new management are much much better than the old Enfis crew and appear to be marketing the products well news flow is very limited.

[battlebus2] 02/3/2012 08:21

8p placing ?

[pugugly] 02/3/2012 08:20

Very quiet thread - Anyone still following or know anything ?

[pugugly] 21/2/2012 20:27

Someone bailing out 200,000 shares sold at 8p. Calculate the loss ! Why sell now unless U know something ?

[mrphil] 16/2/2012 16:30

I'd expect such fast growth to put a strain on cashflow but surely they should have turned a profit on that turnover, not an even bigger loss? Anyone can sell at a loss! Personally I'd want to see that they are capable of generating a profit before investing my hard earned cash.

[clocktower] 27/1/2012 12:24

I could not agree more with your post 187. Once they have extra cash available to keep pace with the growth they have, the picture should improve resulting in a much stronger share price However, it would seem certain that extra funds are needed and that might push the share price down another 50% or so.

[pugugly] 27/1/2012 07:55

bb2:_ Agreed - Someone knew:-

Sales GOOD.
Conversion of sales to bottom line profit VERY POOR.
Cash burn VERY WORRYING.
Order book GOOD

Investors (imo) need far more information on when and IF the business will become cash flow positive as if cash burn continues at the current rate it is probable (imo again) that a further round of funding will be necessary in the near (6 month say) future.

[cambium] 27/1/2012 07:53

The Group has made further progress with its patent portfolio and has been granted two additional patents since the last update, making a total of 6 granted and allowed patents. In addition, further new intellectual property has been filed in the last quarter.

The Board expects to release its 2011 results in March 2012.

James Mckenzie,CEO of PhotonStar LED Group PLC, commented

"2011 has been a year of transition, laying the foundations for the future of the business, during which we have integrated and rationalised the two businesses of the former Enfis and PhotonStar and added additional manufacturing capacity through the acquisition of Camtronics Vale. By so doing, we have created a leading-edge designer and manufacturer of smart LED lighting products and solutions.

Our order book and pipeline continues to grow and we see continued growth in the LED lighting market. We see significant growth opportunities ahead for the Group, particularly as we focus on bringing our ChromaWhite modules to market.

"PhotonStar has recently been shortlisted in two categories for the 10(th) Anniversary Lighting Design awards - alongside products from lighting giants Havells Sylvania, Osram and Philips - highlighting the esteem in which our products are held.

"We anticipate a very exciting year ahead in 2012."

[cambium] 27/1/2012 07:51

Reasonably good numbers

[battlebus2] 27/1/2012 07:47

Big news leak -Headlines

-- Revenue up 126% to GBP6.1m (2010: GBP2.7m)
-- Gross profit up to GBP2.2m (2010: GBP0.83m)
-- Operating loss GBP1.0m (2010: loss GBP0.9m)
-- Net cash position of GBP0.6m, with borrowing facilities of up to GBP0.35m
-- The Group's current order book stands at circa GBP2.4m

[pugugly] 26/1/2012 15:43

? News leaking ?? 50K shares just dumped at 8p.

Any rumours ?

[chrisdgb] 30/12/2011 10:43

still in my long term locker.....

[pugugly] 18/11/2011 14:12

Offer back to the placing price - No news. Either stale holders or bad ? news in the pipeline. Views ?

[mrphil] 09/11/2011 08:58

Seems to me they have had a bit of a checkered history in their short time on the market; suspended due to late accounts, no improvement in the first half loss 2011 vs 2010, and now a fundraising??? I was tempted earlier but I think I will leave well alone for now! Good luck to all on board.

[battlebus2] 14/10/2011 16:20

Don't think your correct envirovision the institutions wouldn't be so foolish. From what i read in the last results the company is on track to solve the cashflow problem.

[envirovision] 14/10/2011 14:12

Yea no clue how to make money and so the only source of funds is from shareholders.

[pugugly] 14/10/2011 13:44

Market does not seem to like the fund raising . Not too dilutive but no indication that I can see in the rns that the company is moving to cashflow breakeven nor any trading update - both of which are a worry. (imo & dyor)

any other thoughts ?

[pugugly] 30/9/2011 08:17

battlebus2:> Thanks - What is your view of the cash position ?

[battlebus2] 30/9/2011 07:45

There's your answer Pugugly

-- Revenue up 85% to GBP2.54m (H1 2010: GBP1.37m)

-- Gross profit up to GBP0.93m (H1 2010: GBP0.27m)

-- Operating loss GBP0.71m (H1 2010: loss GBP0.4m)

-- LED Fixtures business is scaling up well and showing good growth

-- LED Light Engines business rationalised and now showing strong growth

-- Two major LED Light Engine supply agreements signed

-- Camtronics Vale acquired in May 2011 - now increasing capability in assembly

-- Integration of Enfis and Camtronics completed

-- Removal of duplicate R&D and overhead costs - Swansea site now closed

"We very are encouraged by what has been achieved in the first half of the year and this puts us in a good position to make further progress in the remainder of the year."

[pugugly] 29/9/2011 10:49

Anyone know when the accounts are due or how current trading is going ?