Dialight Trading Update

The trading update issued today has not been received well by Mr. Market and the share price is down around 12% in early trading to 1150p area and reversing all the progress made since the beginning of the year.

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Lighting is on track to deliver in excess of 50% increase in revenues compared to the previous year, however  the signals sector of the business is causing some concern. That said, they are hoping for a recovery in this sector for the second half and expect full year profits to be broadly in line with expectations.

Interim results for the half year to 30th June will be published on 22nd July.

My personal feeling is the sp fall is an over-reaction and the long term future for Dialight remains positive. Any further retreat in the price could be a good top-up opportunity.