||EPS - Basic
||Market Cap (m)
|Electronic & Electrical Equipment
Dialight Share Discussion Threads
Showing 3201 to 3222 of 3225 messages
|Has had an upgrade price target 850p|
|I wondered why there was a couple of 32k trades @705 yesterday, maybe crossing not sure.
The take up of LED's continues at a pace, sadly more likely cheap Chinese rubbish, you get what ya pay for in this world.|
|Not the most revealing of trading statements.
The Group is targeting a modest constant currency revenue performance, with reported revenue to benefit from a positive FX impact.
reads like a miss on revenue but weak sterling and overseas earnings have saved them.
In line on profits would be £6.4m & c.20p EPS so still on a P/E of 33 however they've not been shy of using adjusted figures in the past so they have a lot of leeway to hit that in-line profit:
- Biggest of these has been asking shareholders to exclude exceptional costs. Given the difference between their balance sheet provisions and their stated UK site closure costs that should mostly hit H2 then I think it is pretty sure that the 2016H2 results will also be asking shareholders to ignore the accounting figures and focus on adjusted profit before tax again.
- They capitalised development costs of £1.8m in 16H1 vs £1.5m 15H1 & £1.0m 15H2. Of course capitalising development costs is a perfectly valid accounting treatment but increasing capitilisation does flatter the short term profit figures.
Since the start of 2013 Cumulative exceptionals + Cumulative capitalised development costs exceeds cumulative PBT and I expect this to only get worse for 16H2. That is a long time to generate no real return for shareholders.
I think a lot of people focused on the positive cashflow in 16H1 however when you look at the details most of this is non-recurring. There is a limit to what you can generate from tax refunds & paying suppliers later. Whatever the reported profit it would seem that the c.£13m cash costs of closing the UK manufacturing will hit the current half year.
Recovery stocks can be a good investment as management turn around a failing business that is priced to fail. However paying 33x earnings that are heavily adjusted doesn't seem like getting a bargain price. Shareholders are paying up front for a big recovery that hasn't happened yet and may never happen. I remain bearish.|
|Brief trading statement being the operative word in today's RNS. Still no bad news and in results they said "our expectations for the second half of 2016 remain unchanged, before any potential currency tailwinds." so hopefully we will be ok. Still you'd like to think they might have a little more to tell shareholders!|
|Dialight strengths board....
|Yes, good to see some upward momentum...maybe production issues have been rectified.
Maybe just shorts closing who knows....|
|Yes, noticed that - at close 11,483 shares had been traded and the quote was 721.5/730 and then we had an extended auction with 7,458 shares @ 747. Being the auction we don't know whether that was one or several buyers.|
|What do you think to the Friday close sharw?
A big jump at the close to 747p. I concur that there are no sellers around at all and can understand why. When there is sells the stock doesn't retreat. Somebody seemed to want to stump up big for 60 grands worth late yesterday though.|
|If you look at the trades volume is below average - looks like a sheer lack of sellers.|
|Just got home from work to see my Dialight have made a break out :-)
Any news? Nothing on the RNS of note, anything on social media?|
|We seem to have hesitated at 1 year high but could well break out from here|
|Went through the forecasts on Updata on Friday and pleased to see DIA has one of the highest growth forecasts on the LSE.|
|Well lets hope so, there must be a buyer in the background, sells being pick up.|
|And again - if I post every day will it keep on rising ?!|
|Another stonking day - hopefully the shorters hurting here|
|Lovely breakout - textbook stuff|
|Love it when my thoughts are proved right:-
8 Mar'16 - 10:53 - 2990 of 3038 0 0 edit
No nasty shockers in the results for a change. The new board delivering exactly what they said.
There has not been much of a decline today given the recent strong rally either. I think you might be right napoleon.
I'm very happy to keep holding.
Nice to see director buying now too.|
still trying to destroy UK companies with your negative outlook...I imagine you've closed your short, which is probably driving the share price ..
|There are many stocks just going up for technical reasons only, without any fundamental changes to be positive about. These are going to be the best SHORTS when the crunch comes - and it will, just have to be patient :-)|
|All the others were ATs|
|Bought back in today having been away 3years as seems to be breaking out - did these really used to trade around £12+. Looks like turning around now and generating decent amount of cash. Pleased to have got 604p purchase at 16:20. Not sure how given trades around it|