Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Dialight Plc LSE:DIA London Ordinary Share GB0033057794 ORD 1.89P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.00 2.49% 247.00 247.00 254.00 253.00 245.00 245.00 16,412 16:29:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 151.0 -12.5 -49.8 - 80

Dialight Share Discussion Threads

Showing 3226 to 3250 of 3525 messages
Chat Pages: 141  140  139  138  137  136  135  134  133  132  131  130  Older
DateSubjectAuthorDiscuss
12/3/2017
13:59
Is Dialight valuation gone ahead of itself?
walbrock82
07/3/2017
14:12
Through £8, then £9, then £10, then £11 in 7 weeks....works for me :-)
bbbbb
06/3/2017
17:51
Yes sharw, I thought the interesting thing was the price at which they traded = the very top of the allowable 5% range.
bbbbb
06/3/2017
17:02
bbbbb - that was the uncrossing trade from the auction - still quite a volume though
sharw
06/3/2017
16:47
Yeah...just take a bit time to work through the short...if that is the case, will not get an RNS though, below 3%
beeezzz
06/3/2017
16:38
Perhaps, 17k shares bought for 1115p after close today.
bbbbb
02/3/2017
17:20
Short slowing being let go, Hmm
beeezzz
01/3/2017
17:31
Thanks....nice finish today above £!0
beeezzz
01/3/2017
12:48
Audio and slides of Monday's presentation now available at: Http://www.dialight.com/PLCHome/Index
sharw
28/2/2017
18:02
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.
bbbbb
28/2/2017
17:32
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.
beeezzz
28/2/2017
09:31
N+1 upgraded to 1045p
bbbbb
28/2/2017
09:22
Yes 3rd...Investec price target now at 1070 following results.
bbbbb
27/2/2017
17:25
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.
bbbbb
27/2/2017
16:21
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.
3rd eye
27/2/2017
12:48
thanks for that bbbbb; it's on my watch list for now.
silverfern
27/2/2017
09:46
Silver, the drivers would be.. 1) Restructuring has created a sustainable and lower cost production base. 2) The next step is to drive growth (the market opportunity is out there are DIA are well positioned, howevever we need to see the growth come through in numbers over 2017) - my view is that it will, however time will tell. Mining and oil environments picking up again so this will help.
bbbbb
27/2/2017
09:08
Investec re DIA: ..... Our target price rises by 26% on peers’ re rating and the increasing cash resources, and we reiterate Buy.
3rd eye
27/2/2017
08:47
Current p/e close to 40 then. Without guidance pointing to a significant increase in eps next year what;s the driver for buying in?
silverfern
27/2/2017
08:33
Seem like great results but muted market reaction so far. Not untypical of markets where results are built in to the price. I see this as a long term hold with , hopefully, a decent rise over a 6 month period.
dgbell7
27/2/2017
08:10
Results announced.. Underlying EPS of 26.9p FY (++) FY Revenue circa £182.2m (+) Cash in bank of £8m (+) GP looks like 38.2% (+) No forward looking statement on dividend (-) lets see what they say on the call. Overall a decent set of results, further £3m of non underlying costs in 2017 as part of restructuring. Overall my view is a decent set of results, highlight is the GP increase which will hopefully go again in 2017 with a full year of the 2016 implemented efficiencies. Lets see how the market reacts..
bbbbb
25/2/2017
10:05
Yes, I top sliced at 1005p and sold about 20% as a hedge, will top up if results are not received well as I belive this could present a buying opportunity. Re the results on Monday I'll be looking for... Underlying EPS of 20p FY Revenue circa £180m Cash in bank of £8+m GP improvements - close to 40% I alswo want to see a positive statement re the dividend in 2017. I also think that the FD is overpaid, but cant see that getting fixed.
bbbbb
24/2/2017
17:10
Looks like some have decided to take profits and why not or just edging their bets... NT take [...] Hoping for good news on Monday...
beeezzz
22/2/2017
17:28
Good volumes down day, blip or just taking a breather before results!!
beeezzz
16/2/2017
21:53
They were a nightmare for burning cash, inventory write downs, new factories, etc. New CEO came onboard and has streamlined & modularised the product line, created a visible pipleine and outsourced manufacturing to Sanmina. The Newmarket factory was due to close Sep 2016 and other work was moved from US to Mexico (don't tell The Donald), both these actions have stripped out a lot of cost. The cost hit for 2016 (including these closure activities) was estimated at £13m for the full year, from memory about £5.5m was booked in 1H so the remainder will come in this next report. I think they did this as their revenues tend to be 40/60 in terms of 1H/2H. My view is that the report on the 27th will see the close out of all the major restructuring costs. I expect to hear that pretty much all the major product lines have now been transferred to Sanmina manufacturing and we are set clear for the year ahead. I think 2017 will be the big year for Dialight. In 2017 it will be reaping the benefits of a lower manufacturing cost base and its more efficient manufacturing setup. They have also said that they are getting a bit of a currency tailwind, so having moved from a overdraft position to having £7M in the bank in 1H and I expect that trend to continue (closure costs not withstanding). The other item that may impact positively as someone mentioned earlier is the pick up in the oil sector as the downturn here a couple of years ago was cited as the main driver for some disappointing results. they have been expanding into other sectors so are not so impacted by oil but even so the pick up here will help...if it has happened. Strategically they have been developing their open source control interface and have several partnerships (rockall? and honeywell) to enable their lighting systems to be managed from existing customers facilities management system's and whilst that won't directly drive much revenue, it helps with the value proposition IMHO, if they do dip after the results then it could be a buying opportunity. What I also expect to hear is that in 2017 the dividend will be reinstated
bbbbb
Chat Pages: 141  140  139  138  137  136  135  134  133  132  131  130  Older
ADVFN Advertorial
Your Recent History
LSE
DIA
Dialight
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200528 19:39:05