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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
  0.00 0.0% 290.00 294.00 307.00 0.00 0.00 - 1,200 08:00:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 151.0 -12.5 -49.8 - 94

Dialight Share Discussion Threads

Showing 3301 to 3324 of 3550 messages
Chat Pages: 142  141  140  139  138  137  136  135  134  133  132  131  Older
DateSubjectAuthorDiscuss
24/8/2017
15:30
You could be right, however, it also depends on contracts signed, a major company with many plants could affect earnings, when you think that one steel mill has installed 5000 LED's, its a tough call...either way.
beeezzz
24/8/2017
12:51
On what metrics? Still on 22x fwd adjusted earnings for 3% constant currency growth. And they are asking for £4.4m of exceptional costs to be ignored in FY17 to get to the adjusted earnings. With both their manufacturing currency the peso & reporting currency GBP having strengthened against the USD since the start of the year then their is still a risk they could miss the FY IMO.
dangersimpson2
24/8/2017
12:35
Ennismore increased short on 24 July...which has had and adverse affect on share price IMO. They are obviously trying to reduce their loses....or increase gains. hTtps://shorttracker.co.uk/company/GB0033057794/ Still a huge market for LED lighting and ones that require high levels of regulatory testing.....like DIA produce...
beeezzz
24/8/2017
11:48
Seems cheap to me
robow
17/8/2017
12:50
Thanks beeezzz. I really like this company so why shares so weak? Down 4% to 825p today. Outlook for second half and next year looks increasingly positive. Strong balance sheet + cash generative. Results conference call was good. IMHO a quality company with substantial growth prospects thanks to leading expertise in dangerous environments. What's not to like about LED lighting? My electrician can put it up in my house but need DIA to install down a mine, steel works etc. Surely cheap if falls below 800p?
chasbas
07/8/2017
11:58
Thanks...bbbbbbbbbbb hTTp://www.ledsmagazine.com/articles/print/volume-14/issue-6/features/industrial-lighting/steel-mill-blasts-away-lighting-maintenance-worries-with-led-conversion.html
beeezzz
07/8/2017
11:49
Nice write up.. hxxp://www.ledsmagazine.com/articles/print/volume-14/issue-6/features/industrial-lighting/steel-mill-blasts-away-lighting-maintenance-worries-with-led-conversion.html
bbbbb
01/8/2017
17:46
There has definitely been a historical H2 weighting to both sales & EPS so it will be interesting to see if that saves them from the currency headwinds. Although I'm unsure why they have such a strong H2 weighting. They are after all selling industrial lighting not Christmas lights :-)
dangersimpson2
01/8/2017
17:41
My money is on Ennismore
bbbbb
01/8/2017
16:41
SP gets over exaggerated in both direction due to very little stock available. I'll wait and see how YE pans out, summer time bit of book keeping end of month, who knows.
beeezzz
01/8/2017
16:31
As I say you either buy into the change (which is underway but not complete) or you don't. We will know the answer by or before y/e 2018. I agree with you on the currency impacts but am more positive on EPS give the track record, and the new product lines which I expect to drive GP as well as revenue. EPS.... 1H... FY 2015 5.4p 13.3p 2016 7.8p 26.9p 2017 12.8p 35-38p The big issue, as you say has been the 'one off' costs over the past in large part product write downs. The restructuring is to fix this and whilst we still have had 'one-offs' relating the restructuring (closures, severance, and re-engineering, etc) I'd like to think that these will by and large be closed out this year.
bbbbb
01/8/2017
15:56
The problem is the numbers don't really back up that management positivity. - 3% constant currency revenue growth. - Cost headwind from recent dollar weakness against peso. - Translation headwind from recent pound strength. - More one off costs that we are asked to ignore as non-recurring. - Positive cashflow is all from reducing inventories & a one off sale of fixed assets. There is a limit to how much you can reduce your inventories no matter how much you optimise the supply chain. - With H1 adjusted EPS of just 12.8p they have a long way to go to hit N+1 Singer's 38.7p for the full year. - Consensus EPS for FY17 has come down slightly from 36.1p pre H1 results to 35.2p today so clearly not every broker is taking N+1 Singer's rosy view. In a lot of ways I think the new management have done the right thing - outsourced the manufacturing, driven better supply chain discipline, focused on the higher margin business. But you can't get round the fact that the cumulative profit after tax - cumulative exceptionals - cumulative capitalised development has been negative over the last 5 years. Even at £8 you are paying £260m for a company that has generated no real return for shareholders for 5 years on the expectation that future returns will be stellar. Only 3% real revenue growth raises the risk that the future for may be closer to the last 5 years rather than the future that N+1 Singer think may happen.
dangersimpson2
01/8/2017
15:12
Tom, I can understand why you might say that if you only look at the numbers. However 2H is typically much stronger for DIA. Plus there are some other significant factors.. For a YoY comparison 1H in lighting (approx 80% of Dialight business) saw revenue +23% and GP +47%. Perhaps more significantly two of their major products lines (accounting for 60-70%) of the business have been redesigned, re-featured and are in the process of transitioning to Sanmina (Dialight's outsourced mfg partner). This transition has resulted in customers deferring their orders to benefit from the upgrades. The transition of all products will complete between now and y/e so I believe we will see a 2H boost from those deferred (as well as new) orders in 2H, with the major benefits flowing through in 2018. N+1 described the results as solid and lifted its price target to £11:00. I guess you either buy into the company restructuring roadmap, which is halfway through, or you don't. My view on seeing the results was 'I'd rather be sitting long approaching 2018 that short'. Ennismore are the only declarable shorter at the moment and they have sat on that position for 2 years this month, as all others made for the exit. I find it interesting that they have taken a further 0.3% short last week (and I suspect more today) driving the share price down. Either they don't believe in the turn-a-round story or they are taking the price down as part of a plan to reduce their exposure and limit their losses. It would not be the first time they have 'flipped' (see below) Short Position Ennismore Fund Management Limited 1.82% 28/07/2015 Ennismore Fund Management Limited 1.97% 10/06/2015 Ennismore Fund Management Limited 2.12% 02/06/2015 Ennismore Fund Management Limited 2.04% 26/05/2015 Ennismore Fund Management Limited 1.81% 19/05/2015
bbbbb
01/8/2017
14:49
IMHO management's H1 audiocast was very positive hxxp://edge.media-server.com/m/p/uo6hck2m N+1 Singer EPS forecasts are: 2017 38.7p. 2018 50.8p, 2019 61.3p PERs at 850p are: 2017 22x, 2018 17x, 2019 14x IMHO the fundamental growth story is very good, strong cash generation and balance sheet. Also looks low risk. Weaker US dollar a small negative. Annual results in Jan 2018 likely to be very positive. Plenty of scope for upgrades next year + div and/or buy backs. Maybe not cheap as chips....but you have to pay up for quality.
chasbas
01/8/2017
14:16
The H1 do not look much of an improvement on the end of year results and the share price was around the £8:00 mark. So does this represent a more accurate value of the company?
tom89
01/8/2017
13:56
Shorts >0.5% are declared daily and Ennismore's last increase was 26th July. It looks like lots of smaller buys are being met by larger sells so more likely that a larger holder was spooked by the weak H1 numbers and is feeding stock to the market imo.
dangersimpson2
01/8/2017
13:21
Suspect Erinsmore are at it again today...
bbbbb
28/7/2017
09:03
So it looks like the recent price drop may well be due to Erinsmore. Erinsmore are last folks with a disclosable short position on this stock after Blackrock et al. exited from disclosable positions after the turn-a-round started to gain traction. IMHO etc, It looks like they have held a 2.31% position (about 750k shares which they took at a price in and around the £5 mark - so sitting on a loss of around £3-4M if I read it correctly). My expectation was they would start to unwind this after the recent solid set of results (with more to promised in 2018) however in the past couple of days it looks like they have deepened their position by approx 70k shares and 30k shares respectively. This is what I think has driven the drop. This is a big gamble on their part and may present a buying opportunity. It could get interesting if Dialight who are sitting on cash of £12.5m (likely to be closer to £20m by y/e) and a bank facility of £25m decide to do a buyback rather than (or along with dividend payments). They hinted that they were holding the cash for a reason and I thought perhaps an acquisition...but it could be a buyback I guess.
bbbbb
26/7/2017
17:46
I'd say the turn-a-round is underway and looking good. However, I'd liked to have seen more revenue growth in constant currency terms. they have said that they still have 3 of their large product lines to transfer to outsourced manufacturing and also that they have had some delays with certification on some of the new lines which has caused some customers to hold off on buying (as well as meaning some dual produciton costs). both issues they say should resolve before y/e. I think 2018 is when we should start to reap the bigger benefits of lower cost and that is when the drive in sales revenue needs to come through. What I don't understand is the share price reaction, some big volumes and a drop below £10 is a bit of a surprise to me.
bbbbb
25/7/2017
14:32
Muted? It's up 2.5x in the past 18 months! With a PER still in the 30's, a lot of the recovery is in the price. I sold at the last peak after years as a Roxboro shareholder and was very critical on here of the company's ability to burn through cash and report 'profits' by capitalising expenditure but, credit where it's due, they have turned it round and good to see it is cash-positive again. I wasn't brave enough to go back in at the bottom before the evidence of a turnaround was there, but well done to those who did.
jeffian
25/7/2017
14:29
Makes sense thanks. So Australia, Brazil & Asia 75% owned must be doing well. Scaling up the non-controlling interest then £1.2m of the £2.6m profit must come from there in H1.
dangersimpson2
25/7/2017
14:18
Well run company..results look positive, increasing revenue, however this should happen they are in a growth industry. What's disappointing is page 28, where only one sector has increased by 2%, other Industries whatever that is, I suppose everything else other than stated, 3 declined. SP is a bit muted...maybe looking better towards end of year.
beeezzz
25/7/2017
14:03
If you look at note 27 to last year's a/cs here: hTtp://www.dialight.com/Assets/InvestorRelations/FinancialInfo/FinancialReports/PDF/Dialight_AR_2016_Final_170316[2].pdf you will see that there are 3 subsidiaries that are not 100% owned and that they made a fractional loss in 2015 and 2016. They are obviously doing better now, hence the figure you spotted. Because DIA controls them they have to be consolidated in the a/cs and then the minority interest deducted at the end.
sharw
25/7/2017
12:15
Does anyone know the source of the non-controlling interest that has appeared this half year? - can't see anything in the narrative but reduces EPS by c12% so worth understanding where it comes from.
dangersimpson2
Chat Pages: 142  141  140  139  138  137  136  135  134  133  132  131  Older
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