Before the middle of last year, this company had been something of a glamour stock for investors. The company specialises in light emitting diode (LED) technology used in applications such as traffic lights, mobile-phone masts and broadcast towers.
But it has been the company’s move into the hazardous and industrial lighting market that got people excited.
Lighting sales and profits have grown rapidly since the firm started selling them five years ago. The potential for high rates of growth to continue for a long time saw its share price soar. However, two profit warnings during the last six months have seen [...]
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