Primary Recommendation

Dialight - Former growth star looking brighter

April 2019

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.

With so-called recovery stocks, timing is everything. One recovery share that seems to have unmistakably turned the corner is the LED lighting specialist, Dialight. The shares initially fell on 2018 results when they were reported last month but then immediately bounced sharply, which to me signals that the worst is over.Originally known as Roxboro, Dialight used to have a range of businesses including Solartron (oil and gas instrumentation) and Weston (thermocouples for the aerospace industry) but in around 2006, the company sold those and returned a huge slug of cash to shareholders. In its slimmed down form, Dialight was then left with its businesses in LEDs.Dialight had specialised in the deployment of LEDs - an energy ef ...

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Dialight - Most of the heavy lifting looks complete (September 2019)

Dialight - Softer Q2 after de-stocking by distributors (July 2019)

Dialight (June 2019)

Dialight - Trading ahead of forecasts (January 2017)

Dialight (February 2016)

Dialight (August 2015)

Dialight - Returns to form (April 2015)

Dialight (January 2014)

Dialight (October 2013)

Dialight - Class act recovers (September 2013)

Dialight - LED side sees 50%+ growth rate continue (July 2013)

Dialight - Lighting division showing 50%+ growth (May 2013)

Dialight - Has the lot for lovers of fast growth (April 2013)

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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