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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.
Bit premature…given todays “disappointing” trading update.
Strong revenue but they clearly experienced a change of sentiment amongst their customers with a dip in December trading……was that customers preserving their YE cash position? And adopting a cautious wait and see approach? They certainly were not buying ahead of list pricing increases…..
A 25% fall is to be expected….
yeah doing really nicely ..as everyone buys LED etc to reduce energy costs
...here and finaly the year long downtrend appears to be reversing with shorts slowly bailing and possibly more buying by Odyssean Investment Trust. The 6 year (odd) downtrend is still intact tho but with turnover expected to increase and debt reducing that might yet too show a reversal soon...
with so few shares I am surprised that they have not had a Fund Raise to add to the low cash level.....rather than keep adding to the bank borrowings
Finals today show a move back to net profit.
Could be on the mend…but obviously inflation and supply chain issues persist…..but these are industry wide issues wil DIA outperform it competition?
Price has ticked up nicely....since the update...only a small number of shares ever available
Price has ticked up nicely....since the update...only a small number of shares ever available
They are doing a lot themselves but the challenges are there in terms of revenue growth - " project activity remains subdued although seeing more quoting activity" ... their customers are reporting challenging times too ...it is a knock-on effect... a decision of whether to be patient..or not...
They are have got their inventory ready in order to get ahead of the supply chain issues ....and despite the cost of that the net debt is stable ...so that is good..... and major new product launches on the way (two new major product launches in H2 2021)
The update is good...in view of the challenges they ( and others) are up against.....the market has responded positively.....
I think you have to be overly critical to have expected more with the challenges faced at present by many
I give them credit for the managing of the period and the work progressed ...there are ALWAYS red flags.... no business works in a non-challenging environment
I am not a seller ...continue to hold....will support the team here for H2 ...no major reason to throw in the towel and move on for me ....MCAP of £109m is far away from being excessive ...
Better to have a good BOD managing well in a challenging trading period than the opposite ...
good luck if you are in this one
Good job I sold last week:p. I was pruning underperformers to consolidate holdings and DIAL was certainly one. There is a return to underlying gross profit and substantial cutting of debt though it looks high to me still. Some red flags remain in terms of currency and supply. Quite a few changes at directorate level which may work or not of course. A nwar 2.2% rise which I expect will wane during the morning. A ray of light nonetheless this morning for holders who cling to the belief that DIAL will yet have its day in the sun
Could DBAY be raising cash to counter bid for Proactis else they have list an opportunity at the last minute. They are discussing with the bidder but it looks too late unless they offer an extra 10% over 75p.
I'll prob regret any predictions but i think there is a decent buy and hold opportunity here now. EPS for 2021 expected to turn positive after 2 negative yrs and if by 2022 it hits 24p then the lights at DIA will def be back on and 330p long gone...
Thanks for the info posted below.
Here is a link to the recording https://youtu.be/8K9Wb0U4nhA
And there is a write up here
https://www.yellowstoneadvisory.com/post/dialight-turnaround-story-gathering-momentum
Dialight Annual Report 2020 - https://www.youtube.com/watch?v=WHjChav1WWI
Dialight's Industrial High Bay Portfolio - https://www.youtube.com/watch?v=q1FRIj4Ch9w
OQ Chemicals Debuts Stunning Upgrade to DIalight LED Lighting - https://www.youtube.com/watch?v=9hvRtsi8Gw8
Looking for a turnaround story? Then come along to the #DIA webinar today at 5pm. The chair and CEO will talk through the recently released results (30/3) and the strategy to improve profitability.
Register: https://us02web.zoom.us/webinar/register/5816170860545/WN_GytV-Z6wRaaVa9wBGEVoPg
Reminder - webinar with Chair and CEO this Wednesday at 5pm
https://us02web.zoom.us/webinar/register/5816170860545/WN_GytV-Z6wRaaVa9wBGEVoPg
small float..few shares available...= quick price increase :-)
wow..things are beginning to happen.... bit of optimism at last
Small free float ..so it moves up on small number of trades
Should see a bounce back in orders as economies open and industry starts spending again
oooh..starting to see a bit of movement.....oil services sector should re-grow later in the year after the fall back of the last year
Chair and CEO at Dialight will talk through FY results (released 30/3) and the turnaround story. Its been a trick year but costs have been taken out and they are seeing a post Covid pick up in sales. It’s a largely fixed production cost base so incremental sales drop through to profits pretty quickly. Plenty of time for Q&A
Register: https://us02web.zoom.us/webinar/register/5816170860545/WN_GytV-Z6wRaaVa9wBGEVoPg