The speakers would be the last thing I would change! Still one of my favourite speakers at any price after all these years...
Arm and cartridge would be my suggestion, especially the cart. Many will I know disagree with me on this but IMHO MM carts are only suitable for mid fi and should be replaced by a decent MC if serious about vinyl. Some upgrades to the TT could be effective as well (new belt, internal damping etc).
Good though the Dino is there are better phono stages available... such as the ones I make
Arkless Electronics-Engineered to be better. Tel. 01670 530674 (after 1pm)
Modded Thorens TD150, Audio Technica AT-1005 MkII, Technics EPC-300MC, Arkless Hybrid MC phono stage, Arkless passive pre, Arkless 50WPC Class A SS power amp, (or) Arkless modded Leak Stereo 20, Modded Kef Reference 105/3's
ReVox PR99, Studer B62, Ferrograph Series 7, Tandberg TCD440, Hitachi FT-5500MkI, also FT-5500MkII
Digital: Yamaha CDR-HD1500 (Digital Swiss army knife-CD recorder, player, hard drive, DAC and ADC in one), PC files via 24/96 sound card and SPDIF, modded Philips CD850, modded Philips CD104, modded DPA Little Bit DAC. Sennheiser HD580 cans with Arkless Headphone amp.
Cables- free interconnects that come with CD players, mains leads from B&Q, dead kettles etc, extension leads from Tesco