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Dialight – 2023 results, anything to do with the CEO “step down… with immediate effect”?…

By Steve Moore | Monday 19 February 2024


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.


Describing itself as “a global leader in sustainable LED lighting for industrial applications”, Dialight (DIA) has announced results for the 2023 calendar year including emphasising “stronger performance in the second six-month period… net debt at 31 December 2023 reduced to £12.3m… remains confident in the refreshed strategy and the medium-term benefits of the transformation project”. So what of a current 154p share price, down from approaching 240p in September?
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