Dialight Dividends - DIA

Dialight Dividends - DIA

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Dialight Plc DIA London Ordinary Share GB0033057794 ORD 1.89P
  Price Change Price Change % Stock Price Last Trade
4.00 1.54% 264.00 16:35:20
Open Price Low Price High Price Close Price Previous Close
262.00 262.00 262.00 264.00 260.00
more quote information »
Industry Sector

Dialight DIA Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

onjohn: IDM: DIA RNS Number : 1100Y Dialight PLC 27 December 2019 Dialight plc Dialight plc (the "Company") Director/ PDMR Dealing The Company has been notified today of the following sale and subsequent re-purchase on behalf of Stephen Bird, a Non-Executive Director of the Company, of 12,078 ordinary shares of GBP0.0189 each in the Company (the "Transactions"). The sale was due to an error (contrary to his express instructions) by his fund administrator Investec Wealth & Investment, and the purchase was the unwinding of the previous error. Stephen Bird made no profit or loss as a result of the Transactions and his resultant shareholding after the sale and subsequent re-purchase is unchanged (41,728 ordinary shares, representing 0.128% of the total issued share capital of the Company). This notification was received by the Company on 24 December 2019. The details of the Transactions are provided later in this announcement. For more information please contact Richard Allan General Counsel and Company Secretary, Dialight plc Tel: +44 (0) 203 3540 SALE HAHAHA
velocytongo: Sounds like you've been doing lots of strategising, again. You probably lost the 20% fleeting gain from HSW on DIA. Am I correct? At least this management is investing to turn around the business. VT
pugugly: Still in the valley of death - Management seem to be still wearing rose tinted glasses to see sunny uplands ahead - and ignoring the current stormy weather https://www.investegate.co.uk/dialight-plc--dia-/rns/half-year-results/201908050700068193H/ Guesses as to markdown on opening?
pugugly: It appears new management may have copounded the failings of the previous managment ledguy post 3291 was rigth but situation now seems even worse than he projected . When I posted in april I never believed it could get so bad - Lesson learnt!! PUGUGLY 6 Apr '19 - 11:20 - 3244 of 3295 Edit 0 0 1 Competiton is far more intense that it was back in their glory days and their customers having now trialed new suppliers, having been let down by DIA, may well not return - A classic example (imo) as how diabolical (with hind-sight) managment decisions and failure of the then managment to comprehend the execution risk and keep on top of it brought a potential world leader down.
sharw: It is merely back to where it was 10 days ago. I suspect that this is nothing to do with SCSW and everything to do with Trump reversing the proposed Mexico tariff because DIA manufactures in Ensenada and Tijuana in Mexico and sells in the USA. See: hTtps://www.bbc.co.uk/news/world-us-canada-48568389
pugugly: Competiton is far more intense that it was back in their glory days and their customers having now trialed new suppliers, having been let down by DIA, may well not return - A classic example (imo) as how diabolical (with hind-sight) managment decisions and failure of the then managment to comprehend the execution risk and keep on top of it brought a potential world leader down.
napoleon 14th: SCSW waxing lyrical about DIA today... Not unreasonable as the problems are being addressed. DIA's main market is in US$ ( far from Brexit ). LED market in a fast growth phase for a few years yet. They could well recover to what they were IMO. I don't hold any for now.
beeezzz: Dividend might help...
napoleon 14th: N1Singer had a note out on DIA this morning, maintain buy with tp 525p. They have eps = 34.8p this year, 48.6p in 2020.
3rd eye: 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'." Sensible move 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.
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