Dialight Share Discussion Threads

[beeezzz] 17/7/2015 11:35

Canaccord.....put a hold rating 565p target, so not far to go then;

[beeezzz] 02/7/2015 21:51

27th for interims.....not long to wait, if the share price declines into results we can assume they won't pretty.

[jeffian] 01/7/2015 09:40

#2887,

......of course he could have come in to effect a sale (see #2868).

[itchycrack] 01/7/2015 08:20

Keep selling this woof woof, 400p level next stop!

[pugugly] 01/7/2015 07:35

Largest share holder forces appointment of a new non exec director.

Message received - They are very worried and have too large a shareholding to exit. Not sure how much the new man can bring to the table.

"Dialight plc, a global leader in LED lighting for industrial, obstruction and other highly-specified applications, is pleased to announce the appointment of David Blood as a Non-Executive Director with immediate effect.

David Blood is the Senior Partner at Generation Investment Management LLP ("Generation"), a London-based investment firm he co-founded in 2004. Prior to co-founding Generation, David spent almost two decades at Goldman Sachs in a number of senior executive roles including Chief Executive Officer of Goldman Sachs Asset Management.

Generation takes a long-term approach to investing, integrating sustainability research into its investment process, and is Dialight's largest shareholder with a current holding representing 16.5% of the company's share capital."

A financial man and asset manager -

What DIA need at the moment are specialists in logistics management - particularly stock control, production mangement, and sales.

All imo & dyor.

[itchycrack] 25/6/2015 08:00

No reason to be long here, I remain short, but with a tighter stop as I don't want to lose all that lovely profit :-)

[pugugly] 24/6/2015 16:14

And approaching another new low Query a bottom forming or a pause before continuing downwards ?

The BIG question. Do the new management have the skill to turn it round ?

[beeezzz] 11/6/2015 15:13

Motley fool take on things....

[beeezzz] 10/6/2015 22:41

NT said this on 23rd April.....looks like he got his wish.

"DIA: statement was a bit disappointing, however I had already reached my target and more and decided to bank my profits, making a profit of £726. Future could still be bright though and I'm already thinking of buying them back as at under 700 they have a lot of potential."

[bountyhunter] 10/6/2015 21:59

...perhaps I should have said unlikely but possible for a sale as an outcome of a strategic review as I take your point re the 'management speak'

[jeffian] 10/6/2015 19:09

I was the one that mentioned a sale. I'm just attuned to 'managementspeak' and "a strategic review of the business" is a common phrase to signal the possibility of a sale. Also, (and sorry to bang on about this) but the issue about burning cash looks to be closely related to "product development" (see my post 2766 on the subject)



and now they say they are carrying out a "review of its operations, supply chain, and product development". If, as I suggested, "product development" is not an exceptional cost to be capitalised (i.e. taken out of the P&L account as they have been doing) but is necessary year-on-year expenditure to develop new products and keep at the forefront of this technology, perhaps they would be better as part of a much larger organisation that could carry such costs or had its own R&D Dept so they could take DIA's sales but cut their overhead. To a 'trade buyer' it would be worth a multiple of EBITDA.

[bountyhunter] 10/6/2015 18:13

no need to feel sorry for me I'm 7%+ up on the day but I do feel for those who've suffered as a result of today's news, as for £3 that's just a wild guess and there's no indication of any fundraising in any case, when the strategic review has been completed they may just scale back on expansion plans for now or as someone else suggested could put themselves up for sale but that's just a wild guess as well

[kmann] 10/6/2015 18:01

Sorry for you guys, the bod let you down, the last update raised doubts, but was not expecting that statement. Thers obviously been a tesco moment by the last ceo. Might be a fund raise so dont rule out 300p imo.

[beeezzz] 10/6/2015 16:58

That was the encouraging paragraph, so maybe not all doom and gloom, still holding so lets hope so.

[bountyhunter] 10/6/2015 16:24

yes I did consider that, but on the other hand with a new chief exec just appointed it could be a case of get all the bad news out in one go, from your link:

"Mr Sutsko may also have decided to do a ‘kitchen sink’ update. By getting all the bad news out at the start of his tenure, he should improve his chances of delivering growth and a rising share price from now on."

[beeezzz] 10/6/2015 15:06

Diku....So true....had over 400% at one time, greed greed greed, I must stop being so greedy. Brought in under £2 when NT was trumpeting this company, wonder what he thinks now.

This is what happens when you have high PE and very little liquidity few sells hit the share price hard, it not all back news.



You know what they say about profit warnings they come in !!!!!!!!!!

[diku] 10/6/2015 14:40

Morale of the story is anybody who bought around 300p should have sold any price above 1000p....buy and hold forever is out of window....

[madigansar] 10/6/2015 14:38

This was on my watchlist as Faraday are tipping it as a buy. Glad I didn't take a stake!

[bountyhunter] 10/6/2015 14:31

73% will do nicely; I think I am fortunate that I didn't buy back in earlier though.

[beeezzz] 10/6/2015 13:00

Many shareholders with stop loss positions will be dismayed when they loose their holdings cheap, 30% drop will have wiped most out....

[beeezzz] 10/6/2015 12:52

Bounty...at least all the brokers are issuing buy rates with 70% upside...I'm waiting now until results are released see what damage there is.

Still holding a few.

[bountyhunter] 10/6/2015 12:39

I wouldn't disagree with that jeffian but that possibility could also offer a decent return from this level.
beeezzz I understand your sentiment but with the strategic review things may change for the better, ...on the other hand I could be wrong of course ...only time will tell!
I don't think a cash call would be received well by current investors who have just taken this hit if aimed at them.

[beeezzz] 10/6/2015 12:25

Well we could see a cash call, only 30m shares in issue, not checked if new shorts have been placed.

They have over stretched themselves increasing production facilities all around the world which has obviously back fired with demand dropping left with infantry.

bountyhunter....... I'd be wary of this management now, they seem to have taken their eye off the ball, whether they are fit and proper is up for debate.

[jeffian] 10/6/2015 11:48

Not sure about that, bountyhunter. In my experience, a "strategic review" is often managementspeak for 'should we put ourselves up for sale?'.

[bountyhunter] 10/6/2015 11:29

back in this morning having got out ages ago; good product huge market, in the long run drop overdone imho fwiw! I'm relying on management sorting out cash flow post strategic review.

"The Board remains convinced of the longer term prospects for the Group and it expects to update the market with the findings of this review in the autumn."