Dialight Share Discussion Threads

[dahhad] 16/7/2013 18:06

So much for support at 1100! Next stop?

[tompion] 16/7/2013 17:19

Still confident that this is a very strong company with good share price movement expected over next two years. It has everything you should look for in a growth stock.

[bones] 16/7/2013 17:03

Not a long term recommendation then? :)

I hold plenty so would like to see a rebound ahead of results.

[dahhad] 16/7/2013 16:51

Topped up following CSS Parners recommendation today:-


Dialight PLC (DIA.L)
Sector Electronic & Electrical Equipment
Last closing price (15/07/2013) (p) 1100.0
52 week High/Low (p) 1413.0/985.5
Market Cap (£ mn) 360.36
Average volume (k) 84.5
P/E ratio (TTM) 27.03
Sector P/E ratio (TTM) 17.46

Business background and investment rationale

Dialight PLC provides light emitting diodes (LEDs) worldwide. Areas of business include transportation, traffic, obstruction lights and solid state lighting products and electromagnetic components.

Improvement in sales and in line outlook for 2013

In an interim management statement announced last month Dialight expects Lighting segment revenues to exceed the previously indicated growth of 50% compared to the first half of 2012. Expectations for the full year suggest Lighting revenues will again exceed 50% growth. In the Signal segment, trading is lagging the first half of 2012 due to the expected run off of a large cellphone tower customer contract, high sales into the US wind market in 2012 and the delay in the award of a significant new contract for obstruction. Dialight is now well positioned to take advantage of new opportunities following its decision to sell directly to the cellphone tower market, rather than through value added resellers, although timing on the rollout of these new integrated system contracts remains difficult to predict. As a result of these issues, sales in the Signal segment are expected to be down in the first half of 2013. Despite this, the Board remains confident in the longer term recovery of the obstruction product line. Recent group financials have been weighted towards the second half of 2013 and some recovery in obstruction is anticipated, leaving the Board confident that Dialight will deliver full year results broadly in line with expectations.

Technical outlook

On the daily chart Dialight formed a bottom above 1100.0p, after the stock rebounded from this level. MACD is negative and in MACD 12 day EMA is above 26 day EMA indicating the stock has formed a bottom above 1000.0p. 14 day RSI is trading above 40 from a low of 30 suggesting the stock is oversold. 14 day positive DMI is below 14 day negative DMI and 14 day ADX is at 29 and declining indicating the stock's negative trend is receding. Dialight has resistance near 1160.0p and support near 1100.0p.

Trading strategy

Stock can be bought near 1095.0p with a profit target of 1221.5p and stop loss of 1040.1p.

[bones] 16/7/2013 16:47

No-one wanted these today. What little was bid for in the closing auction was taken by sellers (only a few thousand shares mind). Hopefully nothing grim leaking ahead of results next Monday.

[lomax99] 16/7/2013 13:49

tempted to top up on this one, fall looks overdone.

[sparkymoc] 09/7/2013 23:44

Anyone know what the market consensus is for the upcoming results?

[wylecoyote] 04/7/2013 13:25

more shares to trade on the market.

[cambium] 03/7/2013 22:42

How does a share split increase free float?

[beeezzz] 03/7/2013 22:14

Very few shares in free float, which exaggerates share price movements, the company don't seem that bothered well not enough to have share split.

[tompion] 02/7/2013 18:15

Has Dialight become a play thing for short selling? Looking to top up if gets to 10 quid.

[bones] 02/7/2013 15:10

and back down just like the Duke of York's men!

[bones] 01/7/2013 17:40

Solid finish to the day (albeit in a bullish market day) and good demand in the closing auction to boot.

[beeezzz] 01/7/2013 17:36

Montanaro Asset Management Ltd dipping their toe in with another 100k; Nice.

[bones] 29/6/2013 23:45

Another good case study for DIA:

hxxp://www.foodsafetymagazine.com/signature-series/food-safety-success-in-japan-is-built-on-quality/

[yupawiese2010] 25/6/2013 20:10

Edison research note link which covers the LED lighting market, & naturally Dialight.

hxxp://www.edisoninvestmentresearch.com/sectorreports/LEDreportJune2013.pdf

[beeezzz] 21/6/2013 17:40

bones.... I agree, US bonds have certainly moved up!!!

NT.... Top slicing DIA

And same story with Dialight (LON:DIA),, I also topsliced a few at 1243 - though nothing more than a small question mark and again as I write about to buy them back on the weakness. For the site I closed out the most recent trade for a profit of £10,038.

Still sitting on open profits of £55,000 with Dialight.

So a total profit for the site banked today of £13,408

[bones] 21/6/2013 14:59

beeezzz, I think it is interest rates that are spooking the markets rather than inflation. If anything, deflation is still lurking in many markets' collective minds right now.

[beeezzz] 21/6/2013 14:44

I'm afraid the markets don't know which way to turn, one thing is for sure if you want a decent return on your money then dividend paying equities is the only game in town.

My concern is if inflation takes off, which may trigger a rate rise that will be the signal markets may really turn, this is just noise.

[bones] 21/6/2013 12:28

Couldn't resist so bought back in at 1081 (after being stopped out as mentioned before at 1180 on the downbeat report). Hopefully, the management's endeavours to re-double efforts on the selling of "signals" products will bear fruit quickly. My holding is a little larger than what I sold. Hopefully not irrational exuberance in these choppy times!

[werty5] 21/6/2013 06:34

Still think the market will drop further. Dia sold out on a stop loss for me but still bagged a good profit. Will wait for signs of a recovery before buying back in think it is best not to try and catch a falling knife.

[brad44] 20/6/2013 21:46

im looking to get back in tomorrow also beezzz good luck

[beeezzz] 20/6/2013 21:44

Summer sales have started early, buying opportunity tomorrow.