Goodwin Share Discussion Threads

[cockneyrebel] 19/9/2009 10:45

yep, went xd Weds AlexisK, as you say effectively a 55p rise.

Moving up on the trend line still too, which is nice.

I think you're mistaken dorisken, the dip comes when it goes xd, always on a Weds. The xd date was 16th.

CR

[dorisken] 19/9/2009 10:28

Well I just went to look at the ann accs and they said that divvy was paid to those on books at close of play on the 18th sept, so presumably we should expect the price drop on monday.... but please someone correct me if I am interpreting this wrong.

[alexisk] 16/9/2009 12:58

This went ex-dividend today I think, but share price hasn't moved at all.
So, effectively a 55p rise according to my calculations (including special divi). Or have i missed something?

[dasv] 11/9/2009 18:11

I hope it tracks the oil/gas service and engineering sectors upwards. E.g. PFC, ROR, WEIR.

[cockneyrebel] 11/9/2009 11:38

Chees Cambium, obviously good :-)

CR

[cambium] 11/9/2009 11:29

mentioned in IC

[cockneyrebel] 09/9/2009 17:32

Yep, so matching last year at worst at the moment. Bit of recovery and who knows.

CR

[cambium] 09/9/2009 17:23

2003 = 25.5p, 2004 = 27p (+6%), 2005 = 35p (+30%), 2006 = 47p (+35%), 2007 = 65p (+38%), 2008 - 91.4p (+40%).


Q1 34.55p

[davemac3] 09/9/2009 17:18

due another one of those £2-3 spikes I think

[cambium] 09/9/2009 17:11

revenue of £21,919,000 and profit before tax of £2,488,000

[cockneyrebel] 09/9/2009 16:10

Decent IMS out - as good as expected imo.

CR

[chrismcglone] 25/8/2009 21:54

Anyway, not one to dwell too long on charts but the current one suggests another leg up and new high soon.

[muangsing] 25/8/2009 11:36

Gengulphus

Thanks for your reply.

I was hoping the chairman was referring to those individuals with income in excess of £150k pa.

Your comment "more likely , tax rates could go up again in the following year", is not an appealing thought, but we are in such a financial hole I agree it is entirely possible, if any political party has the guts to do it. Though they would probably be committing political suicide.

Its scary, a government deficit of £150 bn approx implies that Gordon is borrowing and spending £10k approx pa for a family of 4. That is on top of the familys existing debts and borrowings. The UK is headed for bankruptcy.

Regards

[gengulphus] 24/8/2009 19:10

Dividends are to be taxed at 42.5% instead of 32.5% next year 2010-2011 for higher rate taxpayers and perhaps for basic rate taxpayers...

Not unless there's been a more recent announcement than this year's budget notes that I've missed... What they said was that the official tax rate for dividends would rise to 42.5% for earnings over £150k, which is basically a parallel move to the tax rate on normal earnings over £150k rising from 40% to 50%.

See for the budget note concerned.

Note that I say "official tax rate" because the notional tax credit on dividends reduces the effective tax rate in all cases. For current higher-rate taxpayers, the situation is that each £9 of extra dividend income gets a £1 tax credit. They're charged at 32.5% on the £9+£1 = £10 total, for £3.25 tax, but the £1 tax credit reduces that to £2.25.

The net result is that the effective tax rate on that £9 of extra dividend income for a higher rate taxpayer is the extra £2.25 of tax paid divided by the £9 of extra dividend income.

In the 2010/11 tax year, that will remain the case for higher-rate taxpayers earning up to £150k total (*). Above that level, the same calculation is done except using 42.5% instead of 32.5%, so that the extra tax due is £4.25-£1 = £3.25 and the effective tax rate is £3.25 divided by £9, or 36.11%.

So I think the main significance of the phrase in the Chairman's statement is that he's thinking in terms of his shareholders having incomes above £150k!

(*) Except that there will be a region above £100k where the personal allowance is withdrawn - this raises the effective tax rate in that region for all types of income. Exactly how much it raises it by depends in a somewhat intricate fashion on the exact breakdown of the income, but ballpark figures are that the effective tax rate rises to 60% from £100k up to about £113k, then drops back to 40% until it rises to 50% at £150k.

Gengulphus

Edit: Note that the above is just about announced plans for the 2010/11 tax year. Those plans could change, though I think it unlikely due to the proximity to the general election and the fact that would cause an uproar from everyone in the tax business due to the need to make late changes to software, documentation, etc. More likely, tax rates could go up again in the following tax year...

[mw8156] 24/8/2009 18:35

Dividends are to be taxed at 42.5% instead of 32.5% next year 2010-2011 for higher rate taxpayers and perhaps for basic rate taxpayers...

Who were the bankers that did not offer the same terms?

[muangsing] 24/8/2009 15:02

Does anyone understand this phrase in the Chairmans Statement

"in relation to the 10% tax increase that the government has implemented on dividends to help finance the banking crisis costs"

Regards

[cockneyrebel] 23/8/2009 10:50

Wait till next weekend before making that decision Shanks :-)

CR

[shanklin] 23/8/2009 10:36

Blimey CR

That's such a good post I might have to become a Gooner :-)

Cheers, Martin

[cockneyrebel] 22/8/2009 17:09

Well I'll continue to hold.

These are a great backbone to a mixed holding imo. You get 5% divi next month too.

Power stations are a huge growth market for Goodwin. Their high temperature cast components mean that power stations can burn at a much higher temperature, reducing the carbon output. These stations will have to go this way all around the world.

When GDWN do put out any good news (and they report quarterly) then like yesterday - it will take just a couple of thousand shares to move this up £1.

2003 = 25.5p, 2004 = 27p (+6%), 2005 = 35p (+30%), 2006 = 47p (+35%), 2007 = 65p (+38%), 2008 = 91.4p (+40%) 2009 = 122p (+33%)

That's the eps record - there will be plenty wanting to buy that even if growth is flat this year imo. It's unmatched. There will be some that want to sell I guess - they pay the spread when they buy back, they lose the divi, they will in all liklihood buy back in on good news and miss the best price because these will leap on good news. That's fair enough but personally I'll keep hold what I have - I think the way these have outperformed the likes of Wellstream and Weir Group (who are also forecast not to grow their earnings this year) yet are trading on a much lower PE says to me they are undervalued, imo - and WSM and WEIR can't hold a candle to GDWN's growth and performance and debt-free status.

CR