|Gooch & Housego
||EPS - Basic
||Market Cap (m)
|Electronic & Electrical Equipment
Gooch & Housego Share Discussion Threads
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|Impressive TA there! Wonder what's behind this breakout.|
|accumulated a few more
|picked a few up recently
free stock charts from uk.advfn.com|
|from another place whose name contains the letter i repeated:
AIM's most obvious takeover targets
Gooch & Housego (GHH) is a world leader in the photonics technology market with manufacturing bases in the UK and US. The company covers the whole spread of activities from research to manufacturing components and systems for customers. The customer base covers, aerospace, defence, life sciences, industrial and scientific markets.
There are not many opportunities to acquire a business like Gooch & HousegoIndustrial still dominates revenues, but defence and life sciences are both growing strongly.
Nearly three-fifths of revenues are generated in US dollars from North America and Asia Pacific. This year the company had a weak first quarter but stronger trading since then means that there will be profit growth this year.
Gooch & Housego has one of the higher ratings among the companies in this article, but there are not many opportunities to acquire this type of business with its spread of activities and sectors.
Recent add-on acquisitions have widened the group's capabilities and increased exposure to the defence sector. Net cash will still be £12 million at the end of September 2016 even after these purchases. The shares are trading on 22 times prospective earnings for the year to September 2016, falling to 20 next year.
The shares are not a bargain on the basis of the short-term prospects, but this is a quality business that deserves a rating that reflects its strong market position.|
|so where to now with the share price of GHH. Through to double figures - I'll be honest and say I don't have a clue what this company does but I bought a stack of them in the "Archie" days - guess that was 15 years ago. There was an impressive little Sunday Telegraph snippet at the time about GHH which drew my attention. Anyway I sold half the stack to buy a flat and retained the other half for that red ferrari. I've had some losers of course but the success of GHH make them a blip. They say research - I say gut instinct and LUCK! Enjoy the ride!|
|I have to say they look great value at this level. I bought in a few months back and am just in the black.
Great technology and well below the radar. Financials look like following soon.|
|Full Year Trading Update
"Trading in line with expectations"
Gooch & Housego PLC (AIM: GHH), the specialist manufacturer of optical components & systems, today announces that trading for the year ended 30 September 2015 is expected to be in line with market expectations. The Company expects to report its audited results for the year ended 30 September on 1 December 2015.
Overall trading conditions in the year have been good, driven by demand for lasers servicing micro-electronic materials processing and telecommunication systems. The business has seen some recent softening in micro-electronic demand from China, but there has been an increase in the requirement for undersea telecommunications products. We are expecting our space satellite communications programme to generate commercial income in the new financial year. The order book on 30th September 2015 was 10% higher than at the beginning of the financial year.
During the year the business has made good progress against our stated strategy in its drive to:
a) ensure a consistent level of operational excellence across all sites, through the establishment of globally focused operational teams and the introduction of LEAN manufacturing principles.
b) develop deeper ties with key target customers, through the recruitment of experienced market focused business development staff.
c) ensure that there is a balanced R&D portfolio that meets the business's strategic goals, through focusing on and properly resourcing a smaller number of key strategic R&D projects.
The planned move of the Company's Palo Alto site to nearby Fremont, in order to provide improved facilities and room for further growth, has been delayed by three months due to construction and planning issues, which have since been resolved. The Fremont facility is now expected to be operational by the end of the calendar year. As previously disclosed the business in Palo Alto has built inventory reserves to satisfy expected customer requirements while the new facility is brought on line.
G&H has strengthened its financial position since 31 March 2015 and remains well positioned to make further investment in the business.
Mark Webster, Chief Executive Officer of Gooch & Housego commented:
"The Company has performed in line with expectations in the year to 30 September 2015. Whilst the business remains vigilant to global macro-economic trends, in our key markets we continue to be well placed for future growth. We remain focused on delivering our financial goals through our twin strategies of diversification and moving up the value chain. The new management team has put in place a performance improvement programme prioritising operational excellence, business development and R&D; we have made good progress with this in FY2015 which will help underpin our future performance."
I would say that is an acceptable statement.|
|garth - im looking for a way in to invest in ml optics, and spanoptics
I believe there is a tie in with ghh?|
|cleveland grows the largest kdp boule crystals in the world whatever that means to a layman like me|
|Ps. A 13 year 10-bagger from thread start. Even more if you bought in the 40p's - still kick myself that I sold that tranche at a 100% profit...|
|;o) nope, not quite the last. Still here, still holding. Still enjoying the share price rising above the 2000 price on the shares I have held for over 15 years....
|Interims a couple of days ago are here:
· Strong performance from industrial laser and telecommunications products
· Adjusted profit before tax up 23.5% from £5.1m to £6.3m
· Investment in R&D up 10%
· Melbourne site closure completed and products transferred to other G&H sites
· Net cash of £11.9 million at period end (2014: £2.3 million)
· Solid order book of £34.6 million, up 5.8% since 30 September 2014
· Performance improvement initiatives launched across G&H
· Interim dividend increased by 15% to 3.0p
All this and IHT relief too. Whoops, sorry, too late, I'm the last one left on this board.|
|Nice to see a strong uptick in the share price just before a positive trading update
GHH used to be better than this. Still, as an investor, not a trader, who am I to complain?|
|Still unable I think to get the dividend information correct as xd date not included. Xd date will be 4 December rather than today because the new settlement day rules. Thursdays not Wednesdays are XD days. Stand to be corrected if I have misunderstood AIM rules|
|They look very good.|
|Stonking interims from GHH
if anyone is interested.
|GHH Management will be presenting at the next AIM Investor Focus event on Wednesday 30 April in London. This is a free daytime event for private investors to attend, held at finnCap's offices near Liverpool St - you can apply for a place using the form here:
|Half Year Trading Update
RNS Number : 1372E
Gooch & Housego PLC
07 April 2014
For immediate release
7 April 2014
Gooch & Housego PLC
("G&H" or the "Company")
Half Year Trading Update
"Trading in line with expectations"
Gooch & Housego PLC, the specialist manufacturer of optical components & systems, today announces that trading for the six months ended 31 March 2014 was in line with management expectations. Interim Results will be announced on 10 June 2014.
With good customer engagement across its principal markets and an encouraging pipeline of opportunities G&H is well positioned for growth despite overall market conditions remaining neutral, as reflected in the order book, which is 9% higher than at the beginning of the year (2% on a on a like-for-like basis allowing for the acquisition of Spanoptic Ltd.).
G&H continues to progress its strategic objective to move up the value chain in order to meet its growth targets and is actively pursuing a number of opportunities at the sub-system and system level. With applications ranging from satellite communications to consumer electronics, these opportunities have been the focus of research and new product development activities during the past six months. Investment in R&D has increased to accelerate these projects and to continue the expansion of the Systems Technology Group (STG). As previously announced, the STG has been successful in attracting both contracts and funding from the European Space Agency, the European Union as well as from mainstream commercial customers.
In addition to pursuing top line growth, G&H is streamlining its operations in order to deliver operational efficiencies, margin improvement and enhanced competitiveness. At the end of March 2014 G&H closed its small R&D operation in New Jersey and transferred the equipment and technology to its facility in Orlando. The Company will continue to explore ways of delivering further operational efficiency.
Gareth Jones, Chief Executive of Gooch & Housego commented: -
"By focusing on sub-system opportunities we aim to leverage our excellence in photonic components to deliver growth and add value in a somewhat lacklustre market, while delivering margin improvements through enhanced operational efficiency. These ongoing initiatives will help underpin G&H's growth and future prospects."
If you are still there, the crystals are still growing, but perhaps a little slowly.