Monday 9 December 2013

Dialight - Re-Purchase

A couple of months back I decided to sell my holding in Dialight following a second warning on profits - here's the link.

Since the sale the share price has retreated nearly £3 and my alert was triggered last week when the price fell below 900p. Last month, Dialight issued an interim management statement saying that essentially expectations of underlying profit for 2013 were in line with the previous year.

I think there may well be further price weakness, however, I believe the long term prospects are positive and I have repurchased today at 880p which is the lowest the sp has traded over the past 12 months. Fingers crossed for some positive news on orders in the new year.

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