Light Science Technologies Holdings (LST)

Sector:

Engineering

Index:

FTSE AIM All-Share

2.90p
   
  • Change Today:
    -0.15p
  • 52 Week High: 4.25p
  • 52 Week Low: 2.20p
  • Currency: UK Pounds
  • Shares Issued: 333.01m
  • Volume: 1,809,846
  • Market Cap: £9.66m

Light Science Technologies shares jump on South Africa deal

By Benjamin Chiou

Date: Thursday 09 May 2024

LONDON (ShareCast) - (Sharecast News) - Shares in Light Science Technologies Holdings (LSTH) surged on Thursday after the AIM-listed company signed an exclusive distribution agreement to market and sell its nurturGROW vertical farming lights in South Africa.
The agreement, with agricultural automation provider AgriLogiq Technical Systems, is the "first of many we look to implement globally", according to LSTH chief executive Simon Deacon.

LSTH said there's strong demand for alternative farming solutions like vertical farming in South Africa due to water shortages, which lead to poor soil and harsh growing conditions.

The agreement with AgriLogiq, which is for an initial period of five years, is similar tot others being discussed in "other strategic high-growth geographies".

The market for vertical farming across the Middle East and Africa is expected to be worth $3.71bn by 2029, more than trebling from $1.15bn in 2024, according to Market Data Forecast numbers cited by LSTH.

"This strategy facilitates low-cost and low risk entry into expected high-growth markets with partners that are already embedded in the industry, enabling LSTH to target global customer bases that are actively seeking CEA products and solutions," the company said.

The stock was up 7.5% at 2.9p by 1518 BST,

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LST Market Data

Currency UK Pounds
Share Price 2.90p
Change Today -0.15p
% Change -4.92 %
52 Week High 4.25p
52 Week Low 2.20p
Volume 1,809,846
Shares Issued 333.01m
Market Cap £9.66m

LST Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.51% below the market average40.51% below the market average40.51% below the market average40.51% below the market average40.51% below the market average
37.93% below the sector average37.93% below the sector average37.93% below the sector average37.93% below the sector average37.93% below the sector average
Price Trend
20.44% below the market average20.44% below the market average20.44% below the market average20.44% below the market average20.44% below the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Income Not Available
Growth
41.20% above the market average41.20% above the market average41.20% above the market average41.20% above the market average41.20% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average

LST Dividends

No dividends found

Trades for 29-Aug-2025

Time Volume / Share Price
16:23 25,195 @ 2.94p
15:07 169,491 @ 2.95p
15:05 171,703 @ 2.91p
14:39 171,031 @ 2.92p
13:52 163,000 @ 2.80p

LST Key Personnel

CEO Simon Lincoln Deacon
COO Andrew Mark Hempsall
CFO James (Jim) Edward Snooks

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