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7 price monitoring extensions today
Exciting new share to be in.
Short/medium/long term sptargets?
Just grabbed a few of these golden tickets at 16.35! hoping to see 20p + today if not tomorrow presuming the buying pressure and volume stays strong!
Just bought in today 10k of shares @15.35p.
Great to see LST up 23% - and especially with a huge 3.6m shares traded already today any sellers should have easily been able to exit by now, leaving the way clear for news flow to have a decent impact.
Next stop... the Moon!!! LOL
Well, maybe next but one.
And I'm NOT talking about the share price... Even if it is up over 20% today. Which is nice.
Just great to be able to make that comment... in all seriousness! Wahay
(Cont'd)
Deacon, who lives on a working farm, is passionate about increasing the amount of food that the UK can grow locally. Recognising that plants react differently to every environment, he and his team have created more than 40 variations of lighting kit, individually tailored to growers' needs and used in glasshouses and polytunnels, as well as indoor (or vertical) farms.
Successful harvests from these structures do not just depend on lighting, however, so Light Science has developed sensors to monitor pretty much everything that plants need to thrive, from oxygen, carbon dioxide and humidity to the gentle breezes that foster growth at certain stages.
https://www.thisismoney.co.uk/money/investing/article-10123131/MIDAS-SHARE-TIPS-Harvest-rewards-Light-Science.html
Close 22/10/21
Latest Bid : 12.20p Latest Ask : 12.70p
MKT Cap : £21.66M
MIDAS SHARE TIPS: More than half of the UK's produce comes from abroad, but you can harvest rewards from veg grown closer to home with Light Science Technologies
By JOANNE HART, FINANCIAL MAIL ON SUNDAY
PUBLISHED: 21:51, 23 October 2021 | UPDATED: 22:16, 23 October 2021
Once, the UK was self sufficient when it came to food. Today, more than half comes from abroad, with just 23 per cent of fruit and vegetables grown here, according to research based on Government data.
As recent weeks have shown, that reliance on imports can create serious shortages, with supermarkets routinely running out of goods that most consumers consider staple fare.
But there are other factors to consider too. Fruit and vegetables taste best when they are freshly picked. When produce comes from abroad, it is invariably at least a week old and can sometimes be in storage for months, peppered with preservatives and tasting of little or nothing.
A good buy: Fruit and vegetables taste best when they are freshly picked +1
A good buy: Fruit and vegetables taste best when they are freshly picked
There are energy considerations as well. The further food has to travel, the greater its environmental impact. The entire food industry is responsible for about 20 per cent of the UK's greenhouse gas emissions, according to scientists, with fruit and vegetable production accounting for a sizeable proportion of that total.
Light Science Technologies Holdings was founded expressly to increase the amount of fruit and vegetables the UK can grow locally, using advanced technology to improve yields, make food taste fresher and increase its nutritional value.
The company was listed on the London Stock Exchange's junior AIM market this month. The shares are 12.45p and should increase substantially in value as this country and others focus on producing more food closer to home.
Chief executive Simon Deacon started his own lighting business at the tender age of 19. Initially based in a portable cabin, the firm amassed clients including Marks & Spencer and Next, and left Deacon, 48, with a lifelong interest in lighting and electrical equipment.
In 2016, he acquired Manchester-based manufacturing firm, UK Circuits and Electronics Solutions. The business makes circuit boards, delivered £7million of turnover last year and has a strong order book, with customers including Rentokil Initial, top car makers and supermarkets. In 2019, the business was tasked with creating lights for an indoor farm. The project was so successful that it spawned a new firm, Light Science Technologies.
Today, Light Science Technologies Holdings encompasses both the established circuit board business and the recently formed farming technology division.
Deacon, who lives on a working farm, is passionate about increasing the amount of food that the UK can grow locally. Recognising that plants react differently to every environment, he and his team have created more than 40 variations of ligh
Worth keeping tabs on the web site for the Electronics Manufacturing division:
Https://www.ukcircuits.co.uk/news/48/
There's also quite an active Twitter page which should be worth monitoring:
Https://twitter.com/LightScienceTec?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Ever since IIG invested in LST I've been following them and I'm delighted they've finally floated and I can actually buy some!
I see them as selling the shovels for the controlled environment agriculture gold rush - they are in a fantastic position to capitalise on the burgeoning trend for indoor/vertical farming. The fact that they also own a profitable Contract Electronics Manufacturing business just makes this outfit even better. And they are getting into cultivating "medicinal plants" (read - Cannabis) just tops it off like you wouldn't believe. Very exciting and glad to be invested.
PS Also, have I understood the IIG RNS right? I read it that not only does IIG the closed end fund hold 13.28 million shares in LSTH, but also that the Chair and CEO personally hold another 12.5 million???
Surely that's a massive vote of confidence, if I've got it right. They can only commit a certain percentage of the fund, but with their own money they can do what they want.
The only IIG interims
https://iigplc.com/wp-content/uploads/2021/06/IIG-Maiden-Interims-02-06-21_i.pdf
...show they normally only invest amounts up to £1m. This came via an investment of £1m, so it was the max.
Really, really, pleased to be in here, even if I'm the Johnny-come-lately and it was at 12.3p. I believe this is going to be so important going forward, and much quicker than we think, as climate change bites. I've been looking for companies in this area for a while.
"The grow lights market alone has a global estimated market value of £20.5 billion and is increasing at 21 per cent." Surely that's massive for a very new market.
It's great to see that they have their own distinct offering, working with the producers:-
'Within its complete offering there are also a range of sensors where therein, lies the real revenue generator which comes in the form of the information that it is providing the farmer or grower via a live stream.
Deacon [CEO] says, “we will typically look to sign a six or seven year contract around this and work with the farmer where we can read what their current environment is, what they are growing and how it is performing”.
He adds that as part of the offering they then recreate the greenhouse environment being monitored within their own lab in Derby. Here, the company scientists are then able to gather, interpret and relay information that covers all aspects of performance and yield, from lighting, feed or watering being undertaken.
LST’s input will vary from just providing that information to the end grower where major players have their own scientists to initiate the recommendations, or a more hands on input for those operating at a smaller end of the chain.
Deacon reiterates that there is nobody else that they are aware of providing the whole turnkey solution that LST is delivering.' [From the Flitton post]
This sounds quite like the water division of MWE, which has been doing very well. Selling a lot in China. I know the Chinese are studying this area too: they have people over here studying it in UK universities. Then they go back to good uni posts in China. TV tells me the Dutch are also big into this area, and so many others are looking at it worldwide.
If climate change accelerates more than we expect [FWIW I think it will, but that's personal opinion] controlled indoor agriculture will be one of the areas that will become completely essential. Not only for food, but also it's a great carbon sink. Raise the concentration of CO2 and the plants grow quicker, -> more food, -> sewage, -> green methane for heating, biofuel, transport, etc. Scaling is the issue, but, hey, we could surprise ourselves.
IIG, who own 7.6% of LST, issued an RNS on Friday about the flotation FYI:
Https://www.investegate.co.uk/intuitive-invests.gp--iig-/rns/light-science-technologies-holdings---floatation/202110150801021638P/
"David Evans, Executive Chairman of IIG, commented:
"Congratulations to Simon Deacon and the LSTH team. We are particularly excited by LSTH's deep knowledge of the light spectrum, particularly for applications in the fast-growing controlled environment agriculture division which addresses vertical farming, glasshouse and polytunnels, but also in other applications in digital health. We look forward to LSTH's continued success in the next stage of its development as an AIM company."
Quite a lot of coverage of Friday's IPO around - here's a couple of the more informative articles:
Http://www.fruitnet.com/fpj/article/186563/indoor-agritech-firm-lists-on-lse
And here:
Https://www.thebusinessdesk.com/northwest/news/2087222-flotation-will-result-in-investment-for-manchester-manufacturing-operation