Diales: Equity Development

09:59, 29th October 2024
Equity  Development
Equity Development
Company Broker Research
TwitterFacebookLinkedIn

  has issued an update for the year to September, stating it traded broadly in line with consensus expectations. This is encouraging, suggesting profitability was largely unchanged in H2 and in turn, with higher EBIT margins. Staffing related issues in the US have continued, resulting in the decision to close the office. We think the Board’s rapid response in dealing with this issue reflects the ‘new’ Diales which is a major encouragement. The delivery of the hub and spoke model is gathering pace and the group re-branding to Diales completed in July.

Net cash increased to £4.3m (H1 ’24: £3.6m) and represents 26% of the NAV: this leaves the valuation of the operating business at a significant discount to its peers.

TwitterFacebookLinkedIn

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

Watchlist