By Steve Moore | Wednesday 27 September 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.
Previously writing on LED lighting for industrial applications company Dialight (DIA), in May with the shares down to 212p I noted previously increased to £20.9 million net debt and concluded, with also stated “risk posed by the current economic uncertainty”, that sceptical of the extent of its expected second half weighting, to Avoid. What now of an “equity issue” at 159p per share?
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