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Maybe its just the director buys and the broker ratings but wow what a turn around ....
Anyone know what is going on with dialight??...they announce a 75% drop in profit , the sp plunges again..and then it just takes off like a rocket and is somehow back to 532p ....has someone made a takeover approach or something....
back up after a slight dip , trying to also watch cpx as buyers there as well as watching dia , will be interesting to see how dia share price finishes at end of trading today
After some more sells , now good to see more buys coming and share still nicely up ,
Hoping may see more of a move up this afternoon
Well...this has taken me by suprise...complete reversal....never saw that coming....if you jumped in on that low..nice work...
Clear message to the new CEO ...Show us what you can do and then maybe we will buy back in...until then.....siesta under the Mexican sun..
It gets worse
The BOD knows that they just are not efficient enough in a lower margin environment and the dispatch of a team to Mexico clearly indicates the urgency to get costs of production down ... It doesnt look good short term and clearly the company has been slow to react to the problems...the new CEO needs to get the review done ASAP and make decisions quickly .. It could easily become a takeover target .....at this low price...
I think this stock is toast, which is a shame. The message from the management is that this is simply a revenue issue caused by falls in demand from the oil industry, but in fact, there is also a complete collapse in margins. Looks like LED is now becoming a commoditised market, so even if volumes recover, pricing looks to have gone, so profit recovery likely to be muted. I sold my last of position yesterday on seeing the figures.
buys than sells, particularly at the end of the day
This share price is heavily manipulated right now.
That and MMs have moved the book down to fill the 14000 biggy orders that are still pending
535 on profit taking from yesterday i recon ! but i expect 560 plus by the end of the day jmo gla
Well done mate, I did 485 to 525 on the bell. Then in at 516 this morning for a smaller punt, still open at present so see what happens.. expect 575-590 to be reached
Out at 551 from 485. Offer to bid, 13.5% gain in 4 trading hours was too tempting, should go higher but don't want to get too greedy in case the shorts have another go. GLA.
490 paid lol
yesterday i felt such a large drop was over done you just have to take your chances when they come gla, 590 happy with that.
The general feeling I'm getting is that the miss is going to be in the region of 15%, in which case the drop yesterday was too severe and those that got in at yesterday's lows will do well.
They are Dialight´s house broker and advisors so I would not take much notice of that
It was a dark day for Dialight, as an unexpected profit warning wiped £71.5m off the lighting specialist’s value. The company said underlying operating profit for 2015 will be significantly below expectations, on the back of a sudden slowdown in orders in its American and European divisions since April. The board have linked this to the turmoil in the oil and gas industry. Analysts at N+1 Singer, who described the update as “unnerving”, were quick to point out that “the benefits of their lighting products haven’t changed”. “The highlighted connection with the oil and gas sector slowdown is hardly new,” they added. Dialight’s lighting division, which makes energy-efficient LED lighting for hazardous markets such as oil, gas, mining and power generation, accounted for nearly 63pc of the company’s 2014 revenue. In April, the group, which was once part of the Dutch giant Philips, boasted about demand in its lighting arm, saying it “remained strong, and group revenue growth for the quarter exceeded management expectations”. Just two months later, the company warned results for the first-half of the year will be lower than the previous year’s £6.5m. Michael Sutsko, the new chief executive, who took over the reins two weeks ago, is to lead a strategic review of the business in light of the adverse financial performance. Meanwhile, Canaccord Genuity lowered their forecast for revenue by 11pc, from £195.9m to £174.1m for 2015, “given the pending strategic review and recent earnings performance”. “We believe Dialight’s revenue shortfall is due to macro rather than LED sector specific or company specific issues,” the analysts wrote. Dialight, which was demoted from the FTSE 250 in December 2013, will publish its interim results on July 27. The stock plunged 37pc in early trade but bounced back to close down 220p, or 29.5pc, at 525p - its lowest level in four-and-a-half years
Reiterates it's buy rating with a target some 73.1% up from here.
Afterall
It's too early to judge the effect of this drop IMO