Dialight Share Discussion Threads

[beeezzz] 03/2/2017 16:49

Yeah...Still drifting higher, RSI=78 nearing 80 could trigger some selling...looking over brought to me now

26EMA crossed the 20DMA so may indicate further to go in this upward movement.

[bbbbb] 03/2/2017 16:36

Yes, it's been rising very nicely all week...the game is afoot methinks

[beeezzz] 01/2/2017 17:36

Still drifting higher...whose complaining...nice gentle rise

Yeah..bb..

Mining&Oil sector may have a bit more cash too invest, they got themselves into so much debt during the boom, mostly fuelled by China, who have been pumping huge amounts of cash to maintain their GDP growth, which many have said will finish before year end, so get ready for another downturn..just hope they are ready this time..

[bbbbb] 01/2/2017 09:34

Fair point about the mining sector pick up as I'm sure they cited the downturn in mining and oil as a reason for poor results a couple of years ago. Perhaps dividend about tho be reinstated also I guess..

[beeezzz] 31/1/2017 21:32

Jeff... will probably know....SP is creeping up steadily, not bad news. Mining sector has picked up so maybe big order coming...

[bountyhunter] 31/1/2017 21:28

afraid I bailed out for a small profit but should have waited, watching with interest for now

[bbbbb] 31/1/2017 19:34

Looks like thread is dead which is a pity as it also looks like there is a turn-a-round underway.Record volumes today for the year and some huge sells, but the price keeps rising. I can only think a) short squeeze (but only one shorther on the FCA list remains) b) Results even better than previously anticipated or C) There is bid prep underway.

Anyone out theree got any thoughts ?

[bbbbb] 21/1/2017 06:41

Big jump yesterday afternoon...anyone know why ?

[abarclay] 05/1/2017 22:05

Deal just announced between REDS and Phillips to cross leverage products through One Space.

Significant.


REDS could go a long way

[beeezzz] 06/12/2016 17:04

Has had an upgrade price target 850p

[beeezzz] 03/11/2016 12:30

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.

[dangersimpson2] 03/11/2016 11:52

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.

[davr0s] 03/11/2016 07:17

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!

[beeezzz] 04/10/2016 11:11

Dialight strengths board....

[beeezzz] 19/9/2016 11:08

Yes, good to see some upward momentum...maybe production issues have been rectified.

Maybe just shorts closing who knows....

[sharw] 17/9/2016 13:33

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.

[duncan doughnut] 17/9/2016 10:35

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.

[sharw] 15/9/2016 19:13

If you look at the trades volume is below average - looks like a sheer lack of sellers.

[duncan doughnut] 15/9/2016 17:45

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?

[davr0s] 17/8/2016 19:45

We seem to have hesitated at 1 year high but could well break out from here

[duncan doughnut] 14/8/2016 17:00

Went through the forecasts on Updata on Friday and pleased to see DIA has one of the highest growth forecasts on the LSE.

[beeezzz] 11/8/2016 17:32

Well lets hope so, there must be a buyer in the background, sells being pick up.