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Dialight – “Trading Update” = outsourced manufacturing issues profit warning

By Steve Moore | Monday 23 October 2017


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Previously writing on Dialight (DIA) with its shares having recovered to above 1100p, I noted that suggested I’d been too cautious on it recently but that I considered the valuation excessive – and to leave precious little margin for error. The shares had since retreated to close last week at 815p – and there’s now a trading update noting “short-term production challenges”


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