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
  3.00 1.17% 259.00 253.00 259.00 261.00 252.00 252.00 8,646 13:35:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 169.6 7.4 16.4 15.8 84

Dialight Share Discussion Threads

Showing 3326 to 3349 of 3525 messages
Chat Pages: 141  140  139  138  137  136  135  134  133  132  131  130  Older
DateSubjectAuthorDiscuss
08/1/2018
08:35
thanks fb, I'll take your word for it, I guess IAE always did have a habit of under-delivering - although often not their fault - and nothing may have changed there!
bountyhunter
08/1/2018
08:27
interesting update - confirmation that the problems will run through into H1 2018 (expect those results to be poor too), that the product delivery issues are still very much prevalent, and that the CEO is out the door (which many long term holders will be grateful for?) muted share price reaction, I expected it to open down a bit but has held steady, I guess the talk of a dividend is still supportive, and the activist FM may be increasing their stake? possibly... next update 26th Feb ps - bountyhunter - yes, i'm sure check the DECC production data, and PFC news releases (where they admit that the Stella Profile isn't all they hoped it would be)
frazboy
05/1/2018
13:29
i'm thinking of it more as a short than a long to be frank, as the downside risk does look greater than the upside (as other posters here have flagged) even from the current share price i'm also thinking that the problems that "surprised" the management team at the Mexican manufacturing facility are likely to rumble on and effect H1 2018 numbers, at the very least. plus, having reread that annoucement there is no mention of deferral of sales to H1 2018 which is perhaps a little surprising? does this mean the customers went elsewhere? and would the revenue not already have been booked for those sales? ps - totally off topic bountyhunter, but did you ever bother to go back and check production from the Stella field - it has not sustained even half the plateau rate the company were aiming for. Delek paid too much...
frazboy
04/1/2018
21:25
I'm reading your posts frazboy; however must admit I bailed out ages ago but still monitoring. The shorting you mention above doesn't exactly inspire any renewed confidence however! :-(
bountyhunter
04/1/2018
20:22
... I'll continue to speak to myself Correction to post 3192: I was missing the "Unallocated Overheads" so EBIT was more like £6.5m in 2017 H1, and thus it'll need to be in excess of £2.5m in 2017 H2. This requires something along the lines of a 10%+ drop in sales, and 500 basis points drop in margin.
frazboy
03/1/2018
21:28
And, whilst I'm here, anyone know anything about the Activist Fund Manager who has taken the 7% stake? JP Morgan and Ennismore are short to the tune of 3.81%. IIRC Ennismore have a pretty good track record, not sure about JP Morgan
frazboy
03/1/2018
18:15
Anyone got a feel for what 2017 H2 sales will actually be? In the Trading update the company stated that EBIT for 2017 would be no less than £9.0m. Which is fine, but EBIT in H1 was £9.1m. So, what they're actually saying is that EBIT in H2 (the stronger half?) will actually be approximately zero. So, assuming that overheads decline by say 10% (due to the lower sales) and a reduction in the Gross Margin of 750 bps, then you need approximately a 20% decline in sales (in sterling terms) in H2 vs. H1 to get a zero EBIT for H2... Furthermore, are we to assume that non-recurring item (of £6m) is a cash compensation for customers who didn't get their deliveries? Thoughts welcomed on the above. Edit: I think this explains £4.4m of the £6.0m of non-recurring cost: “In the first half, we incurred costs of £2.4m relating to the transfer of lighting assembly to our manufacturing partner. These related to set-up costs, project management and dedicated engineering time. This transition has suffered some delays due to the quantum of the transfer but is still expected to be completed in the year. We expect further costs of up to £2m to be incurred in the second half.”
frazboy
14/12/2017
17:22
Dialight will continue to decline with the current outsourcing strategy. Gross margins will continue a downward spiral as they outsource production. Wait for big dips in price and hope they get bought by one of the larger competitors for a nice payday.
ledguy
14/12/2017
13:47
ouch... the current share price is only at approximately the level following on from the last profits warning. you can understand why investors may be less than 100% confident in the medium and long term projections of the board
frazboy
11/12/2017
20:50
Typical erratic small volume bs. Company is in trouble and running out of time to change course.
ledguy
11/12/2017
20:28
small volume but big rise ??!!
9degrees
27/11/2017
10:51
DIA sounds like "dire"! Used to be in these but DIA has lost its' way & I agree with those who say it's overvalued. AVOID.
napoleon 14th
23/11/2017
21:27
I don't think it matters whether he is good guy, there are plenty of good people. More importantly can he run a hitec company that is the ?. I have my doubts, when other LED companies are moving to China, Dia is moving to California, maybe a good strategy if US keeps it policy of buy home made for principalities.
beeezzz
01/11/2017
22:38
He seems like a good guy but he decided a strategy and then used data to support his plan. Shocked that the Board allowed him three years in a market that is growing like gangbusters. They may miss the market completely. Strongly agree with other post that the bigger competition is coming back strong with broad line. Dialight needs to change direction fast or they will be uncompetitive. Can’t outsource production and improve margins unless they have bloated costs and they don’t. Dislight produces in Mexico now.
ledguy
01/11/2017
22:00
I bet the CEO is an accountant....as the saying goes, accountants know the price of everything and the value of nothing..
beeezzz
31/10/2017
22:33
exactly ledguy that is correct. In addition the big players are coming up as competition. What many investors don't understand is that DIA is just a niche player in the market for explosion protected equipments. They were just a boiler and PC board LED and Traffic light company only a few years ago before they ventured into explosion protected lighting. They disrupted the market at the time, when the big players were not yet ready with LED lighting products But that has changed dramatically and is getting continuously worse for DIA Players like STAHL, Eaton, Glamox all coming to the market with COMPLETE product portfolios i held DIA for a couple years becsuse i figured they would surely be a takeover target. Then the incoming CEO shocked the market with obscure messages about the business model of the company and the stock price tanked. i got out. some investors may have applauded that talk as decisiveness. i just saw it as a trick for him to shine in apparently, repeat apparently, rebuilding and improving the company. He has been spinning the news ever since. But truth will reveal itself. Mark my words: DIA will not grow
koreaman
31/10/2017
22:30
exactly ledguy that is correct. In addition the big players are coming up as competition. What many investors don't understand is that DIA is just a niche player in the market for explosion protected equipments. They were just a boiler and PC board LED and Traffic light company only a few years ago before they ventured into explosion protected lighting. They disrupted the market at the time, when the big players were not yet ready with LED lighting products But that has changed dramatically and is getting continuously worse for DIA Players like STAHL, Eaton, Glamox all coming to the market with COMPLETE product portfolios i held DIA for a couple years becsuse i figured they would surely be a takeover target. Then the incoming CEO shocked the market with obscure messages about the budiness model of the company and the stock price tanked. i got out. some investors may have applauded that talk as decisiveness. i just saw it as a trick for him to shine in apparently, repeat apparently, rebuilding and improving the company. He has been spinning the news ever since. But truth will reveal itself. Mark my words: DIA will not grow
koreaman
31/10/2017
15:00
Outsourcing strategy is going to kill the company. You can't outsource and improve margins or respond quickly to market demand. They make 10,000 skus in low to moderate volumes. This is a disaster unfolding slowly in a fast paced market. If demand for LED lighting wasn't so strong, they'd die faster. Just wait until Sanmina starts raising prices once they have a lock on production.
ledguy
25/10/2017
16:32
Beginning of the year optimism evaporates - These three turn around is certainly draining the coffers, £16.5m + £5m redundancies. CEO like most of them are greedy and try to run before they can walk, how much business has been lost to competitors due to problems with manufacturing. [...]
beeezzz
24/10/2017
07:52
bbbbb, 1H18 results were always going to be the key for me on this stock (once they had migrated production and we could see the impact of this and the other growth drivers). Seems high risk to me - H1 is historically the weaker half so if the production issues continue to 18H1 at all then 18H1 is likely to be below 17H1 - particularly since the FX tailwind in 17H1 looks like being a headwind in 18H1. Remember that the trading statement yesterday was warning on EBITDA which is a measure companies have a lot of freedom to report e.g. it excludes both capitilised development & ammortisation of capitilised development! Given the history of the company in asking investors to use heavily adjusted figures in their analysis of EBITDA it seems the cookie jar really was empty this time. So what happens if 18H1 comes in below 17H1 and the market sees this as a declining trend? If the company lost it's growth rating and returned to a EV/EBITDA of say 5 that would be a shareprice of around £2. Say however they return to growth and the shareprice increases 50%. That would require a multiple expansion to a further 25x EV/EBITDA. This is the sort of rating of the likes of Ocado, Abcam & Zoopla. To me that risk reward of hoping for a 18H1 rebound doesn't look good.
dangersimpson2
24/10/2017
01:53
The way i see it this CEO has been spinning the results all along. Separating out "non-core expenses", "core profit" etc. etc. they have used every accounting trick in the book to make the business look profitable. But You can only do that so long. Truth catches up with You in the end. Truth is major competitors Eaton, Stahl, Appleton, Glamox etc. are all developing better and better LED lighting for hazardous areas, and have significant synergies with non-lighting portfolios Truth is also that production outsourcing to Sanmina makes You depend on that company and gives away control of the production operation and profits I know this industry and the company. The stock will drop to less than LBP 4 and the CEO will move on in another year or two, mark my words
koreaman
23/10/2017
21:04
He has transitioned before in previous role which makes these delays that bit more disappointing. The dividend restoration comets are the attempt to reassure the markets that this is short term and they remain confident.
bbbbb
23/10/2017
20:12
Has the CEO made the right decision, regarding manufacturing changes, has quality been compromised. He needs to reassure the market he knows what he is doing, this is a solid business... Looks like many small investors were stopped out today.
beeezzz
23/10/2017
13:56
Share price maybe down 16%, but the market is still valuing the business highly. Here’s why: Investors may not realise this, but between 2000 and 2004, their average market capitalisation was £50m when average profit was £10.5m. Contrast this to the past four years, their average market capitalisation is £230m with an average profit of £3.5m. So, between 2000-04, Dialight average PER is 5 times, whereas 2012-2016 gives a PER of 75 times. For more and other companies’ analysis, click http://bit.ly/2z1DYXs
walbrock82
Chat Pages: 141  140  139  138  137  136  135  134  133  132  131  130  Older
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