Photonstar Led Share Discussion Threads

[someuwin] 20/9/2012 10:34

20 Sep
PhotonStar LED... PSL
Nomura Code
Buy
Price 9.75
Target 19.00

[daicaprice] 20/9/2012 10:11

Been here a long time since the early enfis days, looks like patience may finally pay off!!

DC

[someuwin] 20/9/2012 10:09

Incidentally, Dialight's market cap is now £400 million - all based on supplying LED lighting.

Compare with Photonstar's market cap of just £8 million.

[clocktower] 20/9/2012 09:47

Nice climb already but this could soon be a multi-bagger imo. Good luck.

[someuwin] 20/9/2012 09:42

PSL would appear to have a very similar business model to Dialight (DIA). Wonder if the the share price wil develop in a similar fashion...

Dialight sp

[someuwin] 20/9/2012 09:24

Seems to be an important new rolling contract.

[clocktower] 01/8/2012 16:37

Good reaction again today on the trading update. Still plenty of headroom.

[battlebus2] 31/7/2012 07:56

I'm pleased with this mornings update--Half year trading update and new trade finance facility

PhotonStar LED Group plc (AIM: PSL, "PhotonStar" or "the Group"), the British designer and manufacturer of smart LED lighting solutions, has published a trading update for the six months to 30 June 2012.

Group revenue increased by 50% to GBP3.82m (H1 2011: GBP2.54m) with gross profit moving up 62% to GBP1.51m (H1 2011: GBP0.93m). The Group continued to make good progress, albeit slightly below the Board's expectations and recently became EBITDA positive on a monthly basis.

The Board is confident that PhotonStar will continue to grow strongly in the second half of the year driven by the lighting market's transition to LED lighting. The Group expects the results for the year to be broadly breakeven on an EBITDA basis and sees 2013 as a year of significant growth.

The Group is pleased to report that it has completed a new trade finance facility of up to GBP1.3 million with Hsbc to support PhotonStar's growing working capital requirements, which have been constrained in recent months.

[clocktower] 26/7/2012 16:40

Heading up again - one to watch without doubt and could be a multi bagger imo

[battlebus2] 01/6/2012 07:05

Director Dealing

PhotonStar LED Group plc (AIM: PSL, "PhotonStar" or "the Group") has been informed that on 31 May 2012, James McKenzie, CEO, purchased 122,978 ordinary shares of 10 pence each in the share capital of the Group ("Ordinary Shares") at a price of 8 pence per Ordinary Share.

Following this purchase, James McKenzie now holds 14,266,441 Ordinary Shares, representing 14.4 per cent. of the issued share capital of PhotonStar.

[pugugly] 27/5/2012 15:57

mrionionbahjee2:>

They claim to with ChromaWhite



but as I am not a lighting expert - was in FMCG marketing (mainly grocery and toiletry products) I know I am out of my technical depth - This is why I am trying to get a techie's view on their claimed technical superiority - If they have it they may succeed if not as you well indicate they are likely to crash and burn.

[pugugly] 27/5/2012 14:39

mrionionbahjee2:> Cheese and chalk.

TFW very impressive but valued at 1.95* turnover If cash stripped out then impressive 1.45* plus increased dividends and operating margins (refs) of 21.3% p/e approx 13.3. A very solid investment - Sleep easy.

PSL still loss making but market cap of £6 million - Cash uncertain but say nil at the moment. T/o last year £6m So valuation 1* turnover - Margins negative and loss making - I have not been able to determine how much of the loss is due to the integration and kitchen sinking of Enfis and how much may be systemic.

Of the 2 PSL could offer a a higher %age capital appreciation, if they manage to match the TFW margins - BUT a relativly high risk (imo) of either going private or bust.

The products seem impressive and turnover seems to be growing ie. Order book at 29 February 2012 was GBP2.3m. the directors have a massive incentive to make the business profitable as they hold some 28.9% between them. This is why I am trying to get a better feel of where the company is going.

[pugugly] 27/5/2012 13:00

Anyone still following - This thread is very quiet ?

Semed to be a bit of action on Friday - 640K shares traded - Still seems to be a big overhang - share price still seems to be drifting down - but no rns on holdings - share price to sell now collapsed to virtually 50% below last placing.

FD departed but new accounting service in place - rns sounds positive but I would have expected a positive spin - Updated web site great improvement.

On watch list but falling knives etc: and I have learnt the hard way that the market is usually right. _

Anyone close to the industry hear anything ?

[chrisdgb] 24/4/2012 08:40

I am still looking at the stock but the price movement certainly suggests a placing at some point....maybe with an acquisition..??

[battlebus2] 23/4/2012 08:20

New lows this morning :(

[pugugly] 20/4/2012 09:00

Another 177,143 apparently sold yesterday at 6p - Someone know something - Such as a new fundraising or losses in the pipeline or an institution bailing out as market cap now below their investing rules.

The former - VERY BAD NEWS

The latter A BUYING OPPORTUNITY

I cannot make up my mind as no apparent news in the market -

In general the LED market is forecast for massive growth BUT competition is getting very much stronger and pricing is (imo) becoming destuctive.

any thoughts or anyone direct experience of this market in the UK ?

[pugugly] 12/4/2012 12:32

A big dump - 635K shares sold at 7.5p - Too big (imo) for a PI and whoever must have a big loss if bought in the last placing (nearly 50%)

I would expect a matching trade buy as (imo) too big a volume for a MM to take on board without a deeper discount.

[pugugly] 05/4/2012 09:05

Continuing small sales continuing to weaken the share price While the new managemnt have clearer vision and better products (imo) than the old lot we need to see a significantly improved cash flow.

Declaration:- I used to hold but do not longer. Was looking for an opportunity to get back in but now very much on back burner.

[pugugly] 28/3/2012 16:12

clocktower:> I suspect you are correct about a new rights issue BUT in view of the ongoing losses I sugest that rights issue will have to be very dilutive (say in the region of 6p-7p) in order to get it away.

My major worry, if I was a potential intstitutional investor, is the failure to convert sales into improved cash flow PLUS there are more and more companies jumping into the LED marketplace - Therefore increased competition and pressure on margins.

(IMO etc) NB Written after a quick read of the accounts - If on analyis in detail I find anything significant to make me change this view I will return)

Edited at 17:02 - Having read accounts in detail have seen nothing to make me change the above view

(e&oe - No investment advice intended or given)

[clocktower] 28/3/2012 09:28

The strong growth in sales shows there is light at the end of the tunnel but I expect they will need more funds before it becomes a stand alone business that adds any value for small stakeholders.

I see see it being run up to get a rights issue away, so beware imo but good luck.