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Dialight – to “now rigorously pursue its claims to trial”, good news?

By Steve Moore | Wednesday 15 March 2023


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.


LED lighting for industrial applications company Dialight (DIA) has issued a litigation update announcement including that “following the court's examination of the evidence supporting Dialight's fraudulent inducement claim against Sanmina, and of other related matters, Dialight will now rigorously pursue its claims to trial. If Dialight's claims are successful at trial, the range of outcomes could include the payment by Sanmina to Dialight of between $0 and c. $220m (excluding legal costs and judicial interest)”. So what of a current few percent higher share price today to 205p?
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