Dialight Share Discussion Threads

[beeezzz] 22/5/2019 22:10

Yeah good recovery now above brokers target price..

[onjohn] 22/5/2019 16:01

Taking off

[nw99] 22/5/2019 15:49

Racing away

[lucicavi] 01/5/2019 11:21

Very well bid at 494p the Market wants it badd

[onjohn] 30/4/2019 16:26

lets start the show!! were on our way

[volsung] 30/4/2019 16:16

My target is 1000p

[onjohn] 30/4/2019 15:15

thats a lovely target mate

[onjohn] 30/4/2019 11:45

Whats your target here

[nw99] 29/4/2019 15:57

Moving up nicely

[onjohn] 29/4/2019 15:41

550p in sight

[volsung] 29/4/2019 14:31

Nice to see my wee DIAs in profit

[onjohn] 29/4/2019 13:58

ready to take off

[jeffian] 17/4/2019 19:18

Are they up to their old tricks again? I'm long gone from here when management managed to turn the cash-generative Roxboro into Dialight and I looked into the mystery of how they turned £15m net cash into £4.5m net debt over 22 months while reporting 'profits' and paying dividends. The answer was that they were capitalising 'development expenditure' as if it was exceptional one-off expense adding to the capital value of the company but it was actually necessary annual recurring expenditure necessary to keep products up-to-date and competitive in a fast-moving market (i.e. it should have been reported as a revenue expense). Latest accounts show the same sort of thing going on - 'development costs' being capitalised, capital 'investment' in increased inventory whilst equivalent amounts are being written off via depreciation. Last trading statement suggests they plan to carry on that way ("We have continued to execute on our strategy to address an expanded industrial LED market by increasing our capacity to develop new products, with the first of the new products targeting an expanded market expected to launch in May 2019.") Watch the cash; they're either making it or they're not.

[nw99] 17/4/2019 13:42

Target price back to £1000

[volsung] 17/4/2019 13:33

Like the look of that chart. I'm in

[nw99] 17/4/2019 13:18

It likes the results turnaround full speed

[nw99] 13/4/2019 20:18

Shift to LED in 2020 nice

[nw99] 09/4/2019 11:01

Added more here

[opodio] 09/4/2019 07:26

Superb results at LUCE

· Confident of return to historic peak margins over time



· Strong financial position:



Good read across from LUCE