Updates

Dialight - Returns to form

April 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

After the travails of 2013, Dialight returned to form with results showing a strong performance from lighting and obstruction markets. For the year to end December, sales were up 25% to £159.8m. Pretax profit was up 28% to £18.3m and underlying eps increased by 20% to 36.8pThe Lighting business provides LED-based lighting systems (luminaires and controls) for use in underground mines, coal plants, offshore platforms and refineries and industrial lighting and has become significantly larger in the past few years. In FY14, sales were up 50% to £99.9m with operating profit up 26% to £14.5m. The keynote was that operating margin was softer, down from 17% to 14.5% year on year but this was primarily due to ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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