Updates

Dialight

June 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.

Shares in Dialight have broken to a 52-week high after the AGM was told that the transfer of manufacturing back in-house will be complete by June. All but two of the smaller product lines have reached acceptable on-time delivery levels. As I said in my April write up, Dialight has historically concentrated on the most highly regulated end of the industrial market but is now launching products for general industrial applications, which quadruples its market from £0.5bn to £2bn. The first of these launched this month. Forecast eps are for 32.8p this year with 46.5p and 57.6p for the next two years.I expect the shares to run ahead of interims on 5 August. Buy. ...

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Safecharge - Bid at 436p; gain 76%

Renew - Shares break into new territory

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

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

Dialight - Former growth star looking brighter (April 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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