(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
(Alliance News) - Dialight PLC on Monday provided a cautious outlook for capital expenditures, reporting an increased loss amid labour shortages and high underlying inflation. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
(Alliance News) - Dialight PLC on Monday announced the immediate departure of its chief financial officer, about a year after its former CFO also immediately left. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
(Alliance News) - Dialight PLC on Tuesday said that a trial regarding litigation with its former manufacturing partner, Sanmina Corporation, has now concluded. Read More
Dialight PLC - London-based producer of LED lighting for heavy industrial applications - In the 15 months to March 31, swings to pretax loss of USD32.5 million from profit of USD0.5 million in the 12 months to December 31, 2022. Revenue climbs to USD226.0 million from USD209.8 million for the same periods. Underlying gross margin drops slightly to 31.0% versus 32.1% in the previous period reflecting a combination of labour and materials inflation. Highlights positive momentum within the business moving forward with alignment and support to the strategy. Read More
Dialight PLC - London-based producer of LED lighting for heavy industrial applications - Enters into an agreement for the sale of its business manufacturing signal lights used in traffic, pedestrian and railroad management in North America to Leotek Electronics USA LLC for USD5.8 million. It says that after transaction costs, USD5.5 million will be used to reduce group indebtedness. The business had previously been identified as non-core. "Dialight will continue to manufacture products under licence for the acquirer for a period of up to 15 months from the completion date. Thereafter, the transaction will allow Dialight to focus management and production capacity on its core activities," it adds. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Dialight PLC on Monday said a rise in costs hurt its annual loss; but said it remains confident looking ahead. Read More
Dialight PLC - London-based producer of LED lighting for heavy industrial applications - Appoints Steve Blair as chief executive officer, effective immediately, as Fariyal Khanbabi has stepped down from her role as CEO and as director of the company. Back in September, Chief Financial Officer Clive Jennings resigned with immediate effect. At the end of last month, Dialight hired Carolyn Zhang as CFO, who started her role on February 1. Read More
Dialight PLC - London-based LED lighting for heavy industrial applications - Revenue for 2023 is GBP148.8 million, down 12% on 2022, with Lighting revenue down 7% and Signals & Components down 25%. The Lighting business improves in the second half of the year, but Signals & Components is hurt by weak trading within Opto Electronics. On an underlying operating basis, Dialight is broadly breakeven in 2023, as a loss in the first half of the year is followed by profit in the second. Net debt on December 31 is GBP12.3 million, in line with board expectations and down from GBP22.7 million at the end of June. Read More
(Alliance News) - Dialight PLC on Wednesday said it has raised GBP10.6 million through a placing and retail offer. Read More
Dialight PLC - London-based electronics company specialising in LED lighting - Plans to raise GBP10.55 million by way of an institutional placing and retail offer at 159 pence per share. Placing will be conducted via an accelerated bookbuild process, which will be launched immediately. Believes the fundraising will enable implementation of the transformation plan to be accelerated and de-risked by providing increased headroom to support near term investment commitments. Explains acceleration and successful execution of the transformation plan would help enable the group to meet its recently published medium term financial targets in its 2026 financial year. Implementation of the transformation plan is expected to return the group to a net cash funding position before the end of financial year 2026. Further, plans offer to existing retail investors of up to GBP1 million shares at GBP1.59 per share. Read More
Dialight PLC - London-based electronics company specialising in LED lighting - Engages in talks with lender HSBC to secure additional covenant flexibility to support the business in the near term, given the current volatility in market conditions. Explains company's financing comprises a USD34 million revolving credit facility with HSBC, which matures in July 2025 and has an option for two one-year extensions. Says HSBC has agreed to vary the interest cover covenant for the September 2023 test period from 4.0x to 2.5x. Read More
(Alliance News) - Dialight PLC on Monday said it swung to an interim loss in line with falling revenue, while it announced the immediate resignation of its chief financial officer. Read More