Dialight Share Price (DIA)

I hadn't been aware of this ongoing dispute and was interested to see how this could affect the Dialight coffers:

"If Dialight's claims are successful at trial, the range of outcomes could include the payment by Sanmina to Dialight of between $0 and c. $220m (excluding legal costs and judicial interest). If Sanmina's claim is successful at trial the range of outcomes could include the payment by Dialight to Sanmina of between $0m and $8.3m (excluding legal costs and judicial interest)."

Further patience needed it seems...

"The Group now intends to publish its results for the six months ending 30 June 2023 (the "Interim Results") on 25 September 2023. The new Board is undertaking a review of the Group's key strategic focus areas and initiatives and the revised date will enable it to provide a more comprehensive update on these, alongside the Interim Results.

As highlighted at the AGM trading update in May, the Group expects the Lighting segment to deliver revenue growth in the first half of the year offset by a significant decline in Signal and Components revenue following the cyclical downturn in the opto-electronic market. As expected, the impact to H1 margins of the prior year supply chain disruptions will result in a depressed H1 trading performance relative to the prior year, with the outlook for FY23 being significantly second half weighted."

H1 end - Net Debt - £20.2m - (Gross bank debt was £22.5m offset by cash in hand of £2.3m)
H2 end - Net debt closed at £20.9m - probably had to borrow a bit more of the RCF

Yeah...December was a shock...unexpected after encouraging H1....i sold on update day , but looking to see when to come back in....maybe getting close ..although cash on hand isnt great.... and that wont have helped by not getting decent December orders ...but may have picked up since the New Year ?

another leg down here to sub £2 - seems to have missed in it's busiest period December. A double whammy. On the radar for now. GL LTH.