UK 21:19 Thursday, 29 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Photonstar LED (PSL) previously commenced announcements with “the British designer and manufacturer of smart LED lighting solutions and cloud based building management services”… . It today states “PhotonStar LED Group plc (AIM: PSL.L), is pleased to announce that it has raised gross proceeds of £100,000… at a price of 0.02p per share”…
Well you can’t say you were not warned! As both Steve Moore and Tom Winnifrith are drinking from the bottle of ouzo supplied by the Global Shorting Conspiracy it falls to me, on behalf of ShareProphets, to say told ya! (I’ll have my little cupful later). It was announced by AIM-listed PhotonStar LED (PSL) a few minutes ago that its wholly-owned subsidiary PhotonStar LED Limited was placed into liquidation. With the remaining business yet to sign a material contract and needing funding, this really is toast.
As noted earlier, challenging trading for the fixed LED lighting business of Photonstar LED (PSL) saw the company update at 7am today that it is “considering the options available… the options include a distressed sale of the subsidiary, which may have certain regulatory conditions should a buyer be found, or the appointment of administrators”. Apparently it takes at most circa 6 hours to consider the options… and to take one not even previously mentioned!...
Writing on Photonstar LED (PSL) earlier this month it was partnership announcement… when’s the attempted new funding then?. Today a “Trading Update”, including early “the competitive price pressures on fixed LED lighting have shown no sign of abating throughout October… anticipated demand for the subsidiary's circadian lighting products has not materialised”. Uh oh…
Photonstar LED (PSL) has announced a partnership with a housing association in the south of England which “manages over 80,000 homes”, emphasising “the opportunity to work with the Association as part of their Smart Estates vision is one we are very pleased to be part of”. Hmmm, what’s the detail?...
Previously writing on Photonstar LED (PSL) just over two months ago, I suggested £0.43 million of funds then raised not likely to last long. Recently though, ahead of a release of its “next generation halcyon cloudBMS product”, the shares have soared and thus surprise, surprise…
At the end of January I cautioned as Photonstar LED (PSL) argued “a further step towards… strategy of transforming the group into a software and services business, focused on lighting and building management as a service” and that “the unaudited net loss for the group has been reduced to approximately £0.9m, compared to a net loss of £1.46m in the previous year” - concluding it looked to remain cash crunch ahoy and thus, natch, the stance remained sell / bargepole. Now a 3:34pm “Conditional Placing of £430,000 & General Meeting” announcement…
Photonstar LED (PSL) has announced what it argues is “a further step towards PhotonStar's strategy of transforming the group into a software and services business, focused on lighting and building management as a service”, together with a Trading Update…
Results for the first half of 2017 from PhotonStar LED (PSL) include that “during H1 2017 steady progress has continued to be made in transitioning the group into becoming a retrofit connected lighting and building management business” and that “we… believe… we are now well positioned to achieve the successful delivery of Halcyon” (the company’s ‘Internet of Things’ platform for retrofit into commercial buildings). The shares have responded, er, more than 30% lower to 0.825p…
PhotonStar LED Group (PSL) CEO James McKenzie commences his comments on 2016 in the company’s results announcement that “steady progress was made in transitioning the group into becoming a retrofit connected lighting and building management business. We have installed a number of trials in a variety of sectors”. Sounds promising, so why are the shares currently 7.5% lower, at 1.85p, on the back of the announcement?...
Nigel Somerville commented earlier on how for those suckered in by the Photonstar LED (PSL) ramparoonie, it’s now mega-dilution ahoy (monster-discount placing shares representing a 19.8% increase in the issued share capital). I thank Nigel for the kind words – and make a further few points…
AIM-listed Photonstar LED (PSL) was the subject last week, in the wake of a rampfest RNS, of a Steve Moore conclusion of no financials, no cash, avoid. How bang-on-the-(lack of)-money, for last night the company – well after-hours at 5.24pm – announced a massively discounted keep-the-lights-on placing for a paltry £465,000 at an even more paltry 1.25p – vs a 2nd May closing price of 2.85p and yesterday of over 3p. Nice work. Now take a peek at the share price and volume chart of yesterday, courtesy of ADVFN. Surely it could not be that there was mass forward-selling of placing shares between 8am and 3pm?
Shares in PhotonStar LED (PSL) are currently roofing it on the back of a “Proposed roll out of Halcyon IoT platform” announcement. Let’s review…
“James McKenzie, Chief Executive of PhotonStar (PSL), said: ‘In 2016, we made good progress in transitioning the group into becoming a retrofit connected lighting and building management business’”. Good, good. You what? The shares currently more than 15% lower, at sub 1p, in response to the announcement…
Serial AIM dog PhotonStar (PSL) has announced the issue of 230,857 shares at a price of 2.625p to former NED Mr Philip Marshall in settlement of outstanding remuneration, worth a total of £6,060. That the company didn’t just pony up the relatively small amount in cash raises the question as to why.
