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Dialight Share Discussion Threads
Showing 3251 to 3275 of 3275 messages
|Sold out my remaining holding this morning at 1017p having held since the original flotation. Good luck to holders.|
|Down 5+% today - what's going on?|
|Well a 100 watt light bulb on for 10 hours uses 1Kw depending on your rate that would be approx 10-12p, @30% about .3p. So I haven't bothered until all my old bulbs are used up, and price of LED's will be a lot cheaper by then.
Dia do make street lights and in their USA facility. What is the bill now for street lighting now if they could save $120bn is it $360bn over 20 years which equates to $18bn a year|
|I've converted my house to LED and my electricity bills have gone down by 30%. I can't say what percentage of my lighting bills I've saved because I don't know what proportion of my electricity went on lighting but I was surprised my use of electricity went down so much. We have the usual range of electrical equipment including fridge and freezer that are on all the time, laptop almost constantly on through the day and other things frequently used.
My electrician told me that I'd save on most of my lighting bills and I believe him now even if I didn't before.
With my personal experience as a guide, I'd expect very significant savings for street lighting. Perhaps the $120bn is realistic.|
|$120bn sounds rather high for street light savings?! even if it is over 20 years. wonder how they work it out.|
|"About 10% of America's street lights have so far been converted, but the Department of Energy has estimated that if the whole country switched to LEDs over the next two decades it would save $120bn over that 20-year period.
Cities across Europe and the Asia Pacific region are going down the LED route..."
( Http://www.bbc.co.uk/news/magazine-38526254 )
Do Dialight make street lights and if so do they make them in the U.S. ?
( I'm a bit out of date as not currently invested here - same boat as you meijiman !)|
|I don't understand it either. But I'm pretty cross as sold out much earlier and so missed most of the action.|
|Think the rise is mainly a short squeeze...not sure if this is a Trump effect or not! but it has certainly been a bad time to be short most companies.
Not sure many people would be buying on the last set of results alone. When you break out the results into HY's you see that 2016H2 was the second weakest in recent years for profit after tax and 3rd weakest when you adjust for exceptionals & capitilised development:
2012H1 2012H2 2013H1 2013H2 2014H1 2014H2 2015H1 2015H2 2016H1 2016H2Underlying PAT (£m) 5.5 7.7 3.9 6.0 4.6 7.3 1.5 2.9 6.4 2.3PAT-Capitilised Dev-Exceptionals (£m) 4.5 5.9 1.5 1.1 1.9 4.2 -1.5 -6.1 -6.5 -3.3
H2 is usually the strongest half as well.
So with the recent financials pretty weak the rise is most likely to be momentum trading combined with a short squeeze IMO.|
|...it's certainly spiked up - could anything be going on behind the scenes? ...or is this a Trump effect?|
|Is Dialight valuation gone ahead of itself?|
|Through £8, then £9, then £10, then £11 in 7 weeks....works for me :-)|
|Yes sharw, I thought the interesting thing was the price at which they traded = the very top of the allowable 5% range.|
|bbbbb - that was the uncrossing trade from the auction - still quite a volume though|
|Yeah...just take a bit time to work through the short...if that is the case, will not get an RNS though, below 3%|
|Perhaps, 17k shares bought for 1115p after close today.|
|Short slowing being let go, Hmm|
|Thanks....nice finish today above £!0|
|Audio and slides of Monday's presentation now available at:
|Yes Bz, and re the management they have said with the results that they may even consider share buybacks. It looks like on the analysts call that they said they will distribute spare cash either via dividend or via buy backs. One analyst has pencilled in an 8p 2017 divi based on free cash flow, that could just as easily go on buybacks.|
|I took a look at those short positions, in March 2013 there were 55 short positions held by about 4 or 5 institutions, Blackrock and Ennismore being two of them.
Just Ennismore left, which they took out on 8th August 2015 2.31% shares, share price on 7/8/15 was 551p, now not sure the time frame for declaring short positions... However, there were 3 or 4 large trading days earlier in week of 100k's, so share price could be between 398p & 468p
2.31% of stock is about 750k shares at today's value £7.2m approx, so the ? is when are they going to close it, seems like they are losing a few bob on this position.
One thing that has impressed me about the management they didn't issue any more shares to bolsterer their cash position, even in those difficult times.|
|N+1 upgraded to 1045p|
|Yes 3rd...Investec price target now at 1070 following results.|
|Good article 3rd, and the market in general seems to have received the results well. Motley Fool guy also tipped the shares today following the results.
The key will be future growth, which I'm positive about, given..
The cost and ROI improvements are making the swithc to LED even more compelling.
Delivery against plan of current CEO to date.
Currency assistance (prob set to continue and even flat from here will be a big step up over 2016.
Pick up in oil/gas/mining.
To get from UEPS of 7.8p 1H16 to 27p FY16 is a great result and in 2017 they will have a full year of benefits from the 2016 actions.
Also makes a nice change to have results in line with the market which speaks to the guidance being provided.
Only one shorter remaining and I suspect they will need to start addressing that soon.|
|Article from ample on DIA.
Dialight tipped for rapid recovery
By Lee Wild | Mon, 27th February 2017 - 13:25
Dialight tipped for rapid recovery A series of crippling profits warnings blighted chief executive Michael Sutsko's early days in charge at LED lighting specialist Dialight (DIA), but his three-year strategic plan has had early successes and these full-year results are strong. They're so good, in fact, that house broker Investec Securities no longer believes the shares deserve to trade at a discount to peers, triggering a 26% hike in its price target.
"Phase one of the plan, to rebuild our operating model, is largely complete," said a confident Sutsko Monday. "Phase two of the plan - growth initiatives to capture the long-term opportunity in LED lighting - is underway, and on track to deliver against our strategic plan."
These corporate initiatives never come cheap, of course, and Sutsko's masterplan has wiped £16.4 million from Dialight's bottom line. "Operating model changes" include restructuring costs and impairment charges. It also covers over £5 million of redundancy costs as Dialight shifts UK production from Newmarket to US manufacturing partner Sanmina, and scales down its Mexican facility.
The company made a loss before tax of £3.8 million in 2016, similar to the year before. Add back one-offs and it's a different story, however. Dialight doubled underlying operating profit to £13.1 million, giving underlying earnings per share (EPS) of 26.9p.
That's on revenue of £182 million, up 13% which, admittedly, received a significant boost from translation of hefty dollar earnings back into weak pounds - Dialight made 71% of group sales in North America in 2016, up 20% year-on-year. Only 6% of revenue is generated in the UK. Operating profit received a £1.5 million currency boost. Strip out the currency effect and Dialight's top line grew by a more modest 2%.
Dialight said 16 months ago it was targeting annual revenue growth of over 25% by the end of 2018. An operating profit margin at the core lighting division nudging 10% is also well on the way to achieving the 15% target, Sutsko tells Interactive Investor.
Investec analysts Michael Blogg and Chris Dyett is convinced enough with the transformation to restate its earnings recovery profile, although it urges an element of caution given this is still early in the new financial year.
"In view of the excellent execution of the strategy so far, we have eliminated from our valuation the discount (formerly 15%) to peers' average 2017e-19e EV/EBITDA ratios," write the pair. "Our target price rises by 26% [from 850p to 1,070p] on peers' rerating and the increasing cash resources, and we reiterate 'buy'."
That's a sensible move. However, the market has been pricing in better times for a number of months, encouraged by a series of regular confidence-building progress updates.
Indeed, Dialight's share price has already more than doubled to a three-year high since bottoming out at below 400p a year ago, its lowest since summer 2010. The shares now trade on an EV/EBITDA ratio for 2017 of 11.3, dropping to 7.7 for 2018.
And, on Investec's estimates for adjusted EPS of 35.4p this year and 59.7p a year later, the price earnings (PE) ratio is 27 times, dropping to 16 in 2018.
Dialight shares have recently pulled back following a test of technical resistance at around 1,025-1,030p, which is unsurprising. Hit those achievable growth targets and there's good reason to believe in further recovery, though perhaps not at the pace investors have been used to in recent months.|
|thanks for that bbbbb; it's on my watch list for now.|