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(DIA.L) Dialight PLC Buy/Sell
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| 20-11-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 8769C Dialight PLC 20 November 2009 BLOCK LISTING SIX MONTHLY RETURN Date: 20 November 2009 Name of applicant: Dialight plc Name of scheme: The Dialight Performance Share Plan Period of return: From: 21 May 2009 To: 19 November 2009 Balance of unallotted securities under scheme(s) from previous return: 22,500 Plus: The amount by which the block scheme(s) has been increased since Nil the date of the last return (if any increase has been applied for): Less: Number of securities issued/allotted under scheme(s) during Nil period (see LR3.5.7G): Equals: Balance under scheme(s) not yet issued/allotted at end of 22,500 period: Name of contact: Nick Giles, Company Secretary Telephone number of contact: 01480 447491 This information is provided by RNS The company news service from the London Stock Exchange END BLREAKFEADDNFFE More |
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| 12-11-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 3817C
Dialight PLC
12 November 2009
Date: Thursday 12 November, 2009
DIALIGHT PLC
Interim Management Statement
Dialight plc, the UK based leader in Applied Light Emitting Diode ("LED") Technology, today publishes its Interim Management Statement relating to the period from 1 July 2009 until 12 November 2009, in accordance with FSA Disclosure and Transparency Rule 4.3.
"Trading on track for full year"
Dialight consists of two business segments:
* Signals/Illumination which includes Traffic and Rail Signals, Obstruction Lights and Solid State Lighting
* Components comprising LED Indication Components and Electromagnetic Disconnects ('smart' meter disconnect switches)
Signals/Illumination
The Board is pleased to report another good performance by the Signals/Illumination segment which is showing a strong revenue increase over the first half of 2009. Highlights of the trading performance are as follows:
* European traffic has made a strong recovery in the second half of the year after a tough start to 2009 and volumes have returned to a similar level to the second half of last year. US traffic has seen some improvement over the first half of the current year but overall volumes are below last year due to the exceptional performance in 2008.
* Demand for our obstruction lights in the US continues to show a significant increase, driven by sales of the white strobe to the Telecommunication market together with some recovery in the wind turbine market.
* Sales of our Safesite Hazardous Location Lights continue to show growth and lighting revenue has also increased with sales of new white lighting product to the industrial market. Demand for architectural lighting product has stabilized but continues at levels well below last year.
Components
In our trading statement of 27 July, we noted that there were the early signs of recovery in the Indication market. We are pleased to report that the market demand has shown some recovery during the third quarter of the year from a very low base. However, there remains some uncertainty in predicting trends and we do not expect the market to recover to 2008 levels in the short term.
Within the electromagnetic components segment, shipments have commenced under the recently announced supply contract for the 'smart' switches for the US meter market and taken with sales of the 'smart' switches to other meter manufacturers, this segment will show good growth over the first half.
Gross margin
The ongoing programmes to reduce the material costs of product lines through re design and re-engineering are resulting in higher margins.
Cashflow
The Group maintains a strong balance sheet and cash generation is in line with expectations.
Outlook
Dialight continues to implement its strategy for driving growth through the provision of energy efficient and environmentally friendly lighting products.
Based on the continued good progress of the Signals/Illumination segment in revenue together with an improved margin and the stabilization of activity levels in the Components segment, the Board is confident in maintaining its current outlook on trading for 2009.
Contacts:
Roy Burton - Group Chief Executive
Cathy Buckley - Finance Director
Dialight PLC
Tel: 01480 447490
Simon Bridges
Canaccord Adams Limited
Tel: 020 7050 6500
Kirsten Molyneux
Kreab Gavin Anderson
Tel: 020 7074 1800
Email: dialight@kreabgavinanderson.com
Notes
This Interim Management Statement contains certain forward-looking statements which have been made by the Directors in good faith using information available up until the date they approved the statement. Forward-looking statements should be regarded with caution as by their nature such statements involve risk and uncertainties relating to events and circumstances that may occur in the future. Actual results may differ from those expressed in such statements, depending on the outcome of these uncertain future events.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IMSBBBPTMMIBBRL
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| 10-11-09 | AFX UK Focus |
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LONDON, Nov 10 (Reuters) - Dialight Plc:
technology for new towers ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 10-11-09 | RNS |
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RNS Number : 2302C Dialight PLC 10 November 2009
DIALIGHT PLC Another major endorsement for Dialight's LED White Strobe Technology Dialight's unique all LED L-864/L-865 Flashing Dual (White/Red) Strobe secures its second substantial buying commitment from a major tower operator. Applied LED lighting technology specialist Dialight Plc, today announced that an agreement has been signed with a second major US telecom tower operator, for its LED white strobe technology. The commitment from the operator is to use Dialight's unique LED technology for all new towers, all light replacements and repairs. Initial shipments have already commenced and the agreement will continue through at least the end of 2010. The combined volumes of product expected from this and the contract announced in June with another major operator represent only a small percentage of the installed base of towers that could be retrofitted with these Dialight products, illustrating this significant market opportunity. Currently the only product in its class, Dialight's LED dual strobe offers more than 10 years life expectancy and avoids the need for dangerous and expensive tower climbs to replace conventional light sources. Dialight CEO, Roy Burton, comments: "I am delighted to announce yet another significant commitment for our White LED tower products. Once again, this highlights Dialight's position at the forefront of Solid State Lighting technology, satisfying those opportunities where the intelligent application of LEDs will bring superior value to our customer base." Contacts:
Notes to Editors About Dialight PLC Dialight plc (LSE: DIA.L) is leading the lighting revolution for industrial users across the world. Applying leading edge LED technology it produces retro-fittable lighting fixtures designed specifically for hazardous locations, obstruction lighting, traffic and rail signalling to vastly reduce maintenance, save energy, improve safety and ease disposal. Versions of these high specification luminaires are also produced for more general commercial, industrial and outdoor situations. The company is headquartered in the UK with operating locations in the UK, USA, Germany and Mexico. More information is available at www.dialight.com This information is provided by RNS The company news service from the London Stock Exchange END
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| 08-11-09 | ||||
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Buy Dialight (DIA) at 194p A tip from SmallCapShares.co.uk
THE BUSINESS Founded in 1938, Dialight specialises in the production of lighting technology based around light emitting diodes (LED) - devices which convert electrical energy directly into illumination of a single colour. Compared to normal bulbs, which require a filament to be heated up to produce light LEDs rely on semiconductor technology generating much less heat and achieving energy savings. The firm has had an interesting corporate history, with it becoming part of North American based Phillips in 1963. In 1990 a management buyout saw it and other companies become part of UK-based multinational Roxboro Group, which listed on the LSE in 1993. Twelve years later, the Roxboro Group decided to sell off one of its main subsidiaries, analytical equipment manufacturer Solartron, to Ametek for GBP42.1 million in order to focus on applications revolving around LEDs. As part of the deal cash was returned to shareholders and a new company, Dialight, was formed. As of today Dialight's strategy revolves around identifying niche markets for LED applications. By focusing on regulated markets the company avoids competing against inferior or low-grade products. Its unique selling point involves it offering low-maintenance lighting products that deliver electricity savings and which also help companies reduce their carbon footprint. The company currently trades through two divisions. The first, Signals/Illumination, is involved in the production of traffic and rail signals, obstruction lights (lighting devices that mark out tall buildings such as airport control towers and mobile phone towers) and solid state lights (low-energy lighting technology). The division accounted for 56% of group revenues in the last financial year (to 31st December 2008) and applications of its technology include shock-resistant, rain-damage proof lighting systems installed on bridges and inside tunnels. One of the division's major projects involved the fitting of lighting facilities on an oil rig run by North America's largest refinery, Valero, under which it helped cut the company's energy consumption and enabled it to reduce its total lighting fixtures by 50%. Dialight's second division, Components, produces indicator lights supplied under Original Equipment Manufacturer agreements. The firm's indicator lights are found in switches and buttons in dash- board panels, aeroplane cockpits and a variety of electrical circuits. The unit also produces Electromagnetic Disconnects, which are switches used by utility companies to manage electrical supply to homes and businesses. One of the main products in the division is the patented 200 amp Disconnect Switch that enables current switching and is resistant to short-circuit conditions. The firm's primary operations are in North America, with the region contributing 65% of revenues in the last financial year. The next most important geographic segment is the UK, which was respon- sible for 12.5% of turnover, while the remainder is split almost equally among the Rest of Europe and Rest of World segments. Dialight holds 7 patents, has filed 13 others and has a further 72 patents pending for various technologies. MANAGEMENT Chairman, Harry Tee CBE, founded the Roxboro Group in 1990. Prior to forming the company he was a main board director at Graseby and has also held management positions in oil and gas services provider Schlumberger and multinational engineering company ITT. Tee is also Chairman of Scientific Digital Imaging, Piezotag Ltd and The Electronics Leadership Council and serves as a director of manufacturing and engineering sector skills coun- cil SEMTA. In 2008, he received a CBE in the queen's Birthday Honours List for services to the electronics industry. In the 2008 financial year he was paid a salary of GBP75,000 and at the previous year-end held 4.7% of the company's shares. Roy Burton took over as the company's . . . Read Full Message More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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| 10-10-09 | ||||
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Many thanks for your research. Most Interesting.
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| 09-10-09 |
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Below are some links to initial research. I am assuming that the recent SP rise is linked to the 'smart meter' switch PowerPulse. The RNS quotes an AMI initiative, which estimates that the current 8 million smart meters in the US could grow to 141 million (best case) by 2019.
I have given some links below. I would be grateful if anybody can add to this, especially wrt Dialight's US customers. Good luck to all, wtfold From the RNS 1/10/09 “Dialight plc., reports the signing of a supply agreement for its PowerPulse(TM) 200-amp disconnect/reconnect load switch in support of the United States Advanced Meter Infrastructure Initiative, a move to introduce "smart" metering for the "smart grid". This exclusive agreement with one of Dialight's existing customers is initially for two years and could represent more than $15,000,000 in revenues over 2010 and 2011. Whilst Dialight is currently shipping to this customer, the agreement assumes a significant increase in volume.” One possible link to the new agreement: http://www.ferc.gov/legal/staff-reports/sep-09-demand-response.pdf “AMI [Advanced Meter Infrastructure] development is central to Pepco Holdings’ smart grid plan.58 Pepco Holdings’Delaware subsidiary, Delmarva Power, won approval to install smart meters and recover related costs. Their customers will start to receive smart meters in late 2009.59” But the potential is given in the same report (page 2): “In the development of the demand response potential scenarios that rely on dynamic pricing, the Assessment estimates that there are 7.95 million installed advanced meters nationwide in 2009. This estimate was based on a review and analysis of existing information sources (which included the Commission’s 2008 survey) on current advanced metering deployment. The Assessment then estimates demand response potential at 5 and 10 years based on future AMI under two deployment scenarios. Under a partial deployment scenario (which is reflected in the Business-as-Usual and Expanded Business-as-Usual scenarios), about 80 million meters are installed by 2019, and about 141 million are installed by 2019 under a full deployment scenario (reflected in the Achievable and Full Participation scenarios).5 The only reference I can find to an existing customer is: http://www.euroinvestor.co.uk/news/story.aspx?id=9751395 Elster Electricity, major order for powerpulse, Feb 2008 Other potential customers referenced: http://earth2tech.com/2009/03/31/who-will-make-good-in-the-smart-meter-rollout/#more-27449 “But if you look at the planned U.S. utility smart meter contracts, there are about 5 big companies fighting for market share in the U.S. right now, including Itron, Landis+Gyr, Sensus, Elster, and GE. According to data from the Federal Energy Regulatory Commission and the Institute for Electric Efficiency, Itron, Landis+Gyr and GE are leading the pack in inking next-gen smart meter contracts.” Some old stuff on competitors from 2007: http://www.kema.com/services/consulting/utility-future/smart-grid/ami-values-risks.aspx “Even though the remote relay switch [the integrated, remote reconnect/disconnect switch – or PowerPulse(?)] is proving to be cost-effective for many utilities seeking its deployment, there are only a few manufacturers of this product, with most producing and shipping from outside of North America. Relay switch manufactures that are partnered with North American AMI metering manufacturers include: • AMPY Metering • Dialight BLP • Gruner • KG Technologies • Other international manufacturers include Shangai Wanjia Precision Components Co. and ISKRAEMECO. Production facilities for all of these firms are located mostly in China, the U.K, or in Germany. BLP is the predominant supplier cited by major metering providers in North America. However, it is interesting to note that nearly half of North American meter manufacturers have also indicated an interest in securing a second supplier of swit . . . Read Full Message More | View thread (2) | Respond | Login to Vote up | Login to Vote down |
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| 09-10-09 |
BUY
Re: No Subject
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If you look at other posts I have made on this site from time to time, you will note that this company has had a very chequered history and I am as mystified, as anyone.
From the various news items posted in the past, it will be seen that somewhat obscure companies hold fairly substantial holdings e.g. only recently Paribas bought shares which brought its holdings to almost 5% of the voting rights. I have also noted from time to time that somewhat vaguely named insurance companies have substantial interest. The full information of any company holdings is a matter of public interest and can be obtained, I believe, from the Company Secretary or Finance Officer. More | View thread (2) | Respond | Login to Vote up | Login to Vote down |
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