Royal Philips NV (PHIA) touched a nine month high in Amsterdam trading after Het Financieele Dagblad reported that KKR & Co. and CVC Capital Partners Ltd. may make a joint bid for the Dutch company’s lighting solutions division.
19 Jan '15
Why the drop - great update Friday
Dialight plc Trading Update Dialight, the leading manufacturer of LED lighting solutions for use in hazardous and industrial locations, announces the following Trading Update for the year ended 31 December 2014. Lighting revenues grew by 50% at constant currency. Within Signals, Obstruction returned to growth, with revenues up 22% year on year, similarly at constant currency, driven primarily by the US telecoms market. The Board expects that the Group's results for the year ended 31 December 2014 will be in line with market expectations. Roy Burton, Group Chief Executive, has informed the Board that he is undergoing treatment for a medical condition which impacts his ability to travel for the time being. The Board believes that this will not affect his ability to perform his executive responsibilities. Should this position change, Bill Ronald, Dialight's Chairman, will provide support as and when required. The Group will publish its Full Year results for the year ended 31 December 2014 on 2 March 2015.
22 Nov '14
If last summers AGM is anything to go by shareholder apathy is clearly evident. A friend went to this poorly attended gathering and this was just after two share drops of over £2 in quick succession and the CFO falling on his sword with a handsome payoff. Not one question from the floor to the BOD regarding these issues and the BOD clearly delighted with their efforts!! They get paid handsomely for success or failure it would seem ,so is the share price of concern to them? The plan seems to increase the size of the company. Is bigger always better and more profitable?
22 Nov '14
They did draw down 8m of a 25m banking facility earlier this year, so this may account for the net debt of 4m vs. net cash of 1m this time last year, however, looking at the half year report, gross profit increased less than sales, admin expenses went up by a massive 1.4m of which there is no explanation for and 700k was spent on severance or restructuring costs. Seems they like spending the cash at the moment! Overall Basic EPS was down too, I thought it was amusing how they promote underlying EPS in the headline of the report. I have invested here before as I really like the product, the numbers just aren't doing it for me and as you said, £7 is nearly here, not sure if I'll invest again until I see the next set of numbers.
20 Nov '14
Time to leave I fear.Two years ago share at £14 with lots of cash in the bank, now heading for £7 with over £4 million of debt.Something is wrong somewhere. A vanity project run for the benefit of the board. Very disappointing
16 Oct '14
Checked constant fallers
DIA managed 8 straight days achieving -12% in that time
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