Member Info for value_value

And of course the positive here is that Simon during the fundraise was talking up CEM for its possibility to move into defence and healthcare. As he is quoted in the Shore note this AM "we continue to re-position the CEM division into key high-margin growth markets including defence, medical and healthcare." So, I'd be interested to see how this contract looks margin wise, and expect it to be accretive to the 5% operating margin which is in the numbers for FY26. 9.1% is forecast at op margin level for FY27 and the increase in higher margin contracts in these new sectors is definitely a key driver for that, so it's good to see it coming early here. Again from Shore's note "we believe that we have been conservative in both our revenue and margin forecasts in FY26F and future years, especially if greater sales traction is achieved in the defence and healthcare markets."

By the by, CEM is now, of course, including the building, fully owned by LST after some of the fundraise proceeds were used to buy the remaining 10% of the business. We figured it was worth around £4m conservatively (pretty much just the assets and building itself), but adding in some higher margin revenue lines and contracts would surely only expand the multiple and make that division a very strong underpin of the c£20m mkt cap post raise. The rationale for buuying the 10% was to allow CEM / LST to make the upgrades to the building needed in servicing more clients in healthcare and defence markets, so having this contract now is certainly proof that it is working!

NB: Talking up my own book as we are significant and declarable holders here, as usual DYOR, NOT financial advice.

Hello all,

Nice to see our TR-1 go out post close yesterday. Very happy to answer questions here / PM / offline to other holders or interested parties. Definitely will keep trying to act as a conduit for retail holders to ask management questions where possible.

To clarify; as per the RNS of 11th March, Graham Cooley put IN another £125k during this raise. The various major holdings should have settled now, given that all three tranches are issued. The AIM Rule 26 on LST website is usually very up to date as a good place to check in on holdings, but certainly nice to see some big and proper adult holders (I very much exclude myself from the latter camp!)

I hear things are ticking along nicely, with a decent shipment of the Injectaclad 'foam' heading up to the new base in Manchester so some demand there to be satisfied certainly. Also, mgmt should be beginning to understand the pipeline within each of the individual franchises who install Injectaclad, so I'm hoping for some conversion there and continued announcements over the coming few weeks / months of how these have moved into realised contract revenue.

Pm me on ADVFN - thebd11 :)

Hello all,

Fellow shareholder here who has been talking the story up to other investors in my network, some of whom I believe are most interested. After the recent sp run, we do believe of a potential buyer out there. Happy to share details on PM; or I'm on ADVFN if that's easier.