Dialight (DIA)

Sector:

Electronic and Electrical Equipment

Index:

FTSE Small Cap

 256.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 340.00
  • 52 Week Low: 160.00
  • Currency: UK Pounds
  • Shares Issued: 32.56m
  • Volume: 1,006
  • Market Cap: £83.36m
  • RiskGrade: 190

Dialight warns results set to be 'heavily weighted' towards second half

By Iain Gilbert

Date: Tuesday 17 Apr 2018

LONDON (ShareCast) - (ShareCast News) - Industrial LED lighting technology group Dialight has continued to focus on addressing its operational issues since the start of 2018 but warned that as its actions were yet to yield significant results, its performance would be heavily weighted towards the second half of the trading year.
Issues arising from an incompatibility of Dialight's contract manufacturer's internal systems and the needs of its product portfolio led the group to transfer its more complex product lines back to its facility in Ensenada, Mexico, where it retained assembly capabilities, to help its overall production throughput.

During this period of transfer, Dialight will be holding higher inventory levels in order to support the business after the production of its complex product lines kicked off in February, a practice the group expected would be extended through to June in order to produce High Bays.

In its Tuesday morning trading update, the firm said, "As expected, these actions are yet to yield significant results in the fulfilment of outstanding orders, although we have made progress in service levels of our smaller product lines. We are confident of an overall significant improvement in our operations over the coming months. The board continues to expect the group's results for 2018 to be heavily weighted to H2 reflecting the successful resolution of the issues."

"We have the right products and a market with good growth prospects; when the current operational issues are behind us we will maximise the opportunities for growth available to the group," it concluded.

As of 1700 BST, shares had declined 1.53% to 516.00p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Dialight Market Data

Currency UK Pounds
Share Price 256.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 340.00
52 Week Low 160.00
Volume 1,006
Shares Issued 32.56m
Market Cap £83.36m
RiskGrade 190

Dialight Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.08% below the market average2.08% below the market average2.08% below the market average2.08% below the market average2.08% below the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average
Price Trend
21.01% below the market average21.01% below the market average21.01% below the market average21.01% below the market average21.01% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Income Not Available
Growth
72.24% below the market average72.24% below the market average72.24% below the market average72.24% below the market average72.24% below the market average
83.78% below the sector average83.78% below the sector average83.78% below the sector average83.78% below the sector average83.78% below the sector average

Dialight Dividends

  Latest Previous
  Final Interim
Ex-Div 30-Apr-15 03-Sep-14
Paid 02-Jun-15 06-Oct-14
Amount 9.80p 5.20p

Trades for 25-Nov-2020

Time Volume / Share Price
09:43 1,000 @ 259.00p
08:09 6 @ 268.80p

Dialight Key Personnel

Chair David Blood

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