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Could never find the NED trade you mention FallingK, you on the right board? Did notice days and days of ludicrously small share trades whilst hunting for it.....
Yes I know that feeling very well Strudel. I think the management have made some shrewd moves here in addressing operational issues. If these moves falter or prove ineffective then it will be lights out here. But if they work I am convinced we will see the below figures.
It is rare for me to see a dog of a share recover yet hard to sell up and crystalise a loss in other shares. I have bought at 600p and 555p here and am happy to accumulate. The NED buy of 42000 yesterday at 560p is also reassuring.
Hmmm, you've just mentioned two of my buy in price ranges from years ago.... I'm still waiting to get back to those levels rather than admit I've lost, sell up and move on.
Thanks Strudel, I am like a moth to a light with this one. I want to build a position here and it seems the SP has stabilised. If this fully recovers it is worth 800p to 1000p. Even a lukewarm performance would make this worth 600p to 700p. I certainly see value here at current levels. A very quiet board here too makes it even more appealing!
FallingKnife: you've shed real light on this share with your words. It appears I am the only one to appreciate them. LOL
Looks a bit more switched on now. Has faded a bit since a strong open but I see a lot in today's update to suggest that the dark days are behind this one. Time to build a position here and hope the traditionally strong q4 generates some decent revnue and profits. A binary play and as it's dependent on s strong H2 is uspect this oen is gonna go right to the wire.
5k
frisky today. Interims due on the 30th july but maybe some other news in the offing...?
results exactly electric today I have to put on my foglights to aid visibility here. They haven't got to grips with the production issue though in the previous update they seemed to intimate it was a temporary thing. Some currency worries too. I am quite frightened of a FH2 PW if H2 doesn't deliver so I won't be adding here. I think I will hold on for now though as there was a raft of director buying in January and some more now the FY results are out might inspire a clawback. The Luxembourg fund might also add on weakness too.
and hope this is a recovery play. Results in just over a fortnight so we will have a better indication of whether they can keep the lights on. It has held up well in the recent sell-off so perhaps that is an indication it has bottomed out.
...plus turnover �181m and EBIT �9.7m is good enough for my toe to go back in here...
DIA often gets compared to LUCE - is that fair? LUCE seems to be doing a lot better.
Well I've bought the drop. I like the upbeat tone, introduction of new products, dividend re-introduced (hopefully). Time will tell if ill juddged or not....
Stop pushing your scummy little website in this Board Orange Tree. Only have to read that Dialight is a 'cylindrical' business to know that you're dealing with a bunch of rank amateurs, not serious financial journalists or analysts. Your analysis below is rubbish as well - in the early 2000s Dialight was a completely different business. Time to get on your bike and peddle your rubbish elsewhere.
Share price maybe down 16%, but the market is still valuing the business highly. Here�s why: Investors may not realise this, but between 2000 and 2004, their average market capitalisation was �50m when average profit was �10.5m. Contrast this to the past four years, their average market capitalisation is �230m with an average profit of �3.5m. So, between 2000-04, Dialight average PER is 5 times, whereas 2012-2016 gives a PER of 75 times. For more and other companies� analysis, click http://bit.ly/2z1DYXs
...but do we see some green shoots hiding amongst the weeds? New products launched, cash flow positive, and potential for the dividend to be re-started. Is it simply a case of getting the suppliers back into shape? I haven't bee invested here for a few years, but one to watch perhaps?
DIA Dialight.......very interesting chart with with 2 Gaps down in 2015 and a gap up in 2016 filled on a candle wick. Certainly one to watch closely from here onwards. http://uk.advfn.com/p.php?pid=legacydaily&epic=L^DIA&type=4&size=2&period=9&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=25&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES <b><u>6 month chart</u></b> http://uk.advfn.com/p.php?pid=legacydaily&epic=L^DIA&type=4&size=2&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=25&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES <b><u>Outlook</u></b> We are focused on executing the Group's ambitious growth strategy as we seek to capture the opportunity in the industrial LED lighting market. The transformation to a robust and scalable manufacturing platform has advanced significantly in the period. We have completed platform engineering, and nine out of twelve product lines have transferred to our manufacturing partner with the final three lines to be completed by the end of the year. We remain excited by the Group's prospects and remain confident of delivering continued growth and shareholder value. Our expectations for the second half of 2017 remain unchanged.
Down 30% since your last comment in June. Still expecting £12.50 by year end Nimster?
14% since my last comment in February, not stellar, but a consistent upward trend that is liable to continue. Another 15%+ SP growth expected before the year's end IMHO
DIA. <b><u>Dialight tipped for rapid recovery</u></b> By Lee Wild | Mon, 27th February 2017 - 13:25 Dialight tipped for rapid recovery A series of crippling profits warnings blighted chief executive Michael Sutsko's early days in charge at LED lighting specialist Dialight (DIA), but his three-year strategic plan has had early successes and these full-year results are strong. They're so good, in fact, that house broker Investec Securities no longer believes the shares deserve to trade at a discount to peers, triggering a 26% hike in its price target. "Phase one of the plan, to rebuild our operating model, is largely complete," said a confident Sutsko Monday. "Phase two of the plan - growth initiatives to capture the long-term opportunity in LED lighting - is underway, and on track to deliver against our strategic plan." These corporate initiatives never come cheap, of course, and Sutsko's masterplan has wiped £16.4 million from Dialight's bottom line. "Operating model changes" include restructuring costs and impairment charges. It also covers over £5 million of redundancy costs as Dialight shifts UK production from Newmarket to US manufacturing partner Sanmina, and scales down its Mexican facility. The company made a loss before tax of £3.8 million in 2016, similar to the year before. Add back one-offs and it's a different story, however. Dialight doubled underlying operating profit to £13.1 million, giving underlying earnings per share (EPS) of 26.9p. That's on revenue of £182 million, up 13% which, admittedly, received a significant boost from translation of hefty dollar earnings back into weak pounds - Dialight made 71% of group sales in North America in 2016, up 20% year-on-year. Only 6% of revenue is generated in the UK. Operating profit received a £1.5 million currency boost. Strip out the currency effect and Dialight's top line grew by a more modest 2%. Dialight said 16 months ago it was targeting annual revenue growth of over 25% by the end of 2018. An operating profit margin at the core lighting division nudging 10% is also well on the way to achieving the 15% target, Sutsko tells Interactive Investor. Investec analysts Michael Blogg and Chris Dyett is convinced enough with the transformation to restate its earnings recovery profile, although it urges an element of caution given this is still early in the new financial year. "In view of the excellent execution of the strategy so far, we have eliminated from our valuation the discount (formerly 15%) to peers' average 2017e-19e EV/EBITDA ratios," write the pair. "Our target price rises by 26% [from 850p to 1,070p] on peers' rerating and the increasing cash resources, and we reiterate 'buy'." <b>Sensible move</b> That's a sensible move. However, the market has been pricing in better times for a number of months, encouraged by a series of regular
Investec re DIA: ..... Our target price rises by 26% on peers’ re rating and the increasing cash resources, and we reiterate Buy.
DIA Dialight recently featured here, 6 month breakout and gap up, although longer term it is hitting 2014 resistance. Results 27th February, .......see last RNS which was very bullish going forward. http://uk.advfn.com/p.php?pid=legacydaily&epic=L^DIA&type=4&size=2&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=25&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=160&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES <b><u>5 year chart</u></b> http://uk.advfn.com/p.php?pid=legacydaily&epic=L^DIA&type=4&size=2&period=9&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=25&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=160&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
steady progress following company restructuring, more to come in share price
...to the latest news. I read it as : the business is still very challenging, but we've had a windfall effect from the weakness in the pound. Struggling to work out why this pushes the stock up to this extent. if I held it, I'd sell here.....
I took my eye of this stock and didn't realise it was on the way up again. Revenues predicted to be flat vs. last year on same FX but actual results reported will show an increase due to sterling weakness. This will also impact the rest of the P&L as well but curiously not much clarity about costs and profit.