Updates

Dialight - Most of the heavy lifting looks complete

September 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.

When I made Dialight a recovery buy in the April issue, it was largely because I felt that most of the heavy lifting to do with the move back of all final assembly from former contract manufacturer Sanmina was over but I hadn’t counted on the abrupt softening in the end markets seen in recent months.As it was, H1 sales were £76.1m and underlying profit from operating activities was £0.9m. These results were affected by additional costs incurred to exit Sanmina (amounting to £2.7m from the relocation of equipment and handling and distribution charges for inventory.)Sanmina had previously created all kinds of delayed deliveries and cost increases, alienating Dialight’s customers and resulting in lo ...

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BATM - Significantly higher sales and margins expected for H2

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

Dialight (June 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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