Gooch & Housego Share Discussion Threads

[stephanie_m] 21/2/2012 07:54

Opening £3.80

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[bookbroker] 21/2/2012 07:37

Back to £3 it seems, unfortunately still beholden to the cyclical nature of large part of business!

[bookbroker] 06/1/2012 12:37

Slight issue is the book-to-bill ratio at last statement - 0.9, and also the forward orders, they need a pick-up in business, otherwise like some others out there, they will merely working through existing orders and inventory, seemed to have been a slowdown in the switches division.

[cockneyrebel] 06/1/2012 12:00

Well they've just gone through the 50 day and 100 day moving averages WJCC - I could just feel these bottoming recently - very easy to be confident when you don't back it with cash :-(

Note to diary - must be braver on these stocks that move swift when they rally.

I caught the low on BLNX too with money this time but sold far too soon :-(

CR

[wjccghcc] 06/1/2012 11:56

CR, I still have a few so would be happy if you're right.

[bookbroker] 06/1/2012 11:47

Always had a soft spot for this co, and made good money trading and holding the stock, problem is these days the spread is so wide and the market size for dealing very small. A real negative unfortunately if you end up on the wrong side of the stock.

[cockneyrebel] 06/1/2012 11:30

I know the forecasts are for a fall but I don't believe they will - looks to conservative imo.

The strong $ helps them imo and they have a lot of US exposure - US is doing far better than expected imo.

Chart looks like it's bottomed here imo.

Wish I'd bought some rather than just putting them in my stockchallenge now :-(

Can't buy everyting on the lows tho I guess.

CR

[wjccghcc] 03/1/2012 15:10

CR, the forecast of 34.8p for this year is a fall in earnings of around 5%.

They are much less exposed to the economic cycle than last time but about 35% of 2011 revenues (tho less in 2012) was still linked to the semiconductor cycle.

You may well be right that they surprise on the upside given the increased US exposure but it's probably too early to tell.

[cockneyrebel] 03/1/2012 13:41

These look rather attractive to me, I don't see the earnings falling myself and on a PE of just over 10 with growth so strong that looks a bargain imo.

Put them in my Stockchallenge for 2012 - 230p off their high.

34p eps forecast this year, 37p next year.

From the year end results: " Prospects

The global economic headwinds cause obvious uncertainty for the business as we move into 2012. Whilst not immune to the overall global economy, the Board believe that the Company is in robust health and, with a strong cash position, appropriate committed banking facilities and a broader spread of revenues, has increased its ability to withstand a potential downturn. "

In the context of the current economic conditions, Gooch & Housego's strategy of focussing on organic growth in 2012 is appropriate. We aim to deliver growth through the commercialisation of long term research and development projects, through the launch of innovative new products and by leveraging the position we have now established in the Aerospace & Defence sector to increase our participation in long term programmes"

Doesn't come across as a co with falling earnings when they talk of growth imo.

CR

[wjccghcc] 29/11/2011 08:48

Still got a few to keep an eye on them though sold most around 450p. Very good results but with a book to bill of 0.9, likely to see a reasonable fall in earnings this year.

[seanyboy] 29/11/2011 08:39

Has everyone jumped ship but me!!! I never have 3 posts in a row! Anyway great results and even greater future - I am hangin tight as I believe GHH can weather the storm. Archie would be so proud of these results!

[seanyboy] 10/8/2011 10:50

Seanyboy - nice to see GHH react positively to the fed annoucement. The confirmation of continued low interest rates will pave the way for further acceleration - given their large exposure in the US market.

[seanyboy] 08/6/2011 21:13

agreed rampmeister - stellar numbers indeed! Had the market been buoyant then for sure GHH would have crashed thru £6 but at least we won't need the dreaded parachute!

[rampmeister] 08/6/2011 13:54

Half year profit more than doubled at optical components maker Gooch & Housego after robust demand for lasers used in manufacturing.

Adjusted profit before tax rose to £5m for the six months ended 31 March 2011 from £2.2m before. Revenue increased to £27.2m from £20.4m previously after strong growth in devices such as smartphones.

"The six month period was characterised by favourable market conditions and strong demand for Gooch & Housego's products from the Industrial, Aerospace & Defence and Life Sciences market sectors. The period was also notable for the completion of two strategically important acquisitions," the group said in a company statement.

Gooch & Housego, which bought Crystal Technology and EM4, said it had a record order book going into the second half of 2011.

The directors have declared an interim dividend of 2p per share.

In today's market anything less that stellar numbers would have wrought carnage on the share price but now looks ripe for broker upgrades.

RM

[seanyboy] 07/6/2011 11:10

Once again these results (tomorrow) need to be spot-on for any further upside. Think that the impending results have managed to keep the share-price reasonable stable.

[seanyboy] 01/4/2011 14:36

once is never enough when it is news like this! :-)

[seanyboy] 01/4/2011 14:23

once is never enough when it is news like this! :-)

[trewsa] 01/4/2011 10:23

Once is sufficient.

[tech] 01/4/2011 08:54

Very good acquisition and trading update today

[tech] 01/4/2011 08:54

Very good acquisition and trading update today

[tech] 01/4/2011 08:54

Very good acquisition and trading update today

[tech] 01/4/2011 08:54

Very good acquisition and trading update today

[tech] 01/4/2011 08:54

Very good acquisition and trading update today

[wjccghcc] 23/2/2011 08:31

Nicely done.