Is it time to invest in Digital Britain? Five top technology shares to rival Twitter
By Marc Shoffman
PUBLISHED: 15:50, 15 November 2013 | UPDATED: 15:50, 15 November 2013
Dialight
Price-to-earnings ratio: 21.42
Dividend yield: 1.50 per cent
Share price as of 13 November: 899.50p
Most recent profits: £13m (31 Dec 2012)
Dialight sells LED lighting to companies. With energy prices rising and a big push to smarter power use, energy efficient lighting will be important.
Dialight listed in November 1993.
Mr Mould says: ‘Dialight is a story of energy efficient and durable LED lighting products being increasingly sold across the industrial space.
'Sales into the less economically resilient signals arm - obstruction lighting and traffic lights - remain under pressure but its core lighting division revenues, the biggest growth engine, jumped 72.7 per cent last year to £45.5 million in 2012, and hit £29.3 million in the first half of 2013, up 70 per cent and offsetting declines elsewhere.
‘The market is clearly hoping for better news on the Signals front and that could come alongside full-year results in February, prompting a potential re-rating.’
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