Goodwin Share Discussion Threads

[quattro44] 25/7/2014 14:37

Very perverse reaction to very good (as usual) results and the usual conservative comments. They have always delivered without blowing their trumpet. Very refreshingly honest board.

[clive1] 25/7/2014 12:40

Mentions a downturn in oil markets in statement.

[stevenlondon3] 25/7/2014 11:29

A cautious statement which is in the nature of the company.

[collectivefriction] 25/7/2014 11:02

So why is it tanking?

[davidosh] 25/7/2014 10:20

£2.64p per share eps up from £2.12

[poley] 25/7/2014 10:18

Just been looking at the enormous parts this company makes.
What strength of competitive advantage do they have?
Any info on competitors etc?

Cheers.

[wjccghcc] 25/7/2014 10:11

EPS 264.4p

[phat hair] 25/7/2014 09:35

Comments?Couldn't find EPS.

[cellars] 07/3/2014 10:27

a well run family controlled business that is successfully implementing a long term strategic plan. Is still small and production glitches have hurt in the short term along the way. It works with very well regarded partners (e.g. Rotork, Toshiba).

Was once severely undervalued and despite the share price rise is still undervalued.

I think it has well above average 5 year growth prospects. it is one of my bigger holdings.

All IMHO DYOR etc etc

[alexisk] 07/3/2014 10:20

Results look great. Onwards and upwards.

[phat hair] 07/3/2014 09:27

Looks good. Opinions?

[phat hair] 03/2/2014 22:40

Hello all. Anybody know when the next news is due on Goodwin? What's the feeling?

[bareknee] 23/12/2013 16:26

No worries lad.

The "on the square" comment has gone right over my head I'm afraid. Many years ago while working abroad a dutch girl couldn't work out why people were calling me bare knee. We had to spell Bernie for her.

[stevetk] 20/12/2013 08:35

Thanks for your comprehensive and clear comment, hard to guess a good entry point into most stocks but GDWN seems like a long term investment. "Bareknee" on the square?

[bareknee] 20/12/2013 00:48

stevetk

The family own a large % of the company.
None of the brokers show any interest in saying anything about us.
Therefore, we have low volumes.

Someone on a different bulletin board said something on the lines of "Owning shares in Goodwin is like being a distant relative of a board member who keeps delivering regular growth and divis". I think they'd been a holder for 10 years or so.

I've only owned shares here for 12 months or so but wish I'd taken the plunge years ago. It's hard to say whether or not the current share price is a good time to buy, but I've come to the conclusion that Goodwin is an exceptional company which is so far under the radar that rabbits in warrens are a bit nervous.

BB

[stevetk] 19/12/2013 23:09

Hi All I'm new to this share, I love the past trading statements, interim and final results but I'm concerned the volumes are so low? Any thoughts anyone?

[davidosh] 19/12/2013 13:29

Looks like we are heading for same again in H2 so about £2.60 eps for full year which would be up by nearly 25% on the £2.11 last time. This should be on a higher rating with that growth continuing as that is just 14x for current year.

[skanjete2] 19/12/2013 12:37

Again a stellar set of results...

[edsullyjoe] 21/11/2013 12:37

Jeeez, doesn't take many sellers to make this one fall. Down nearly 9% so far today.

[davidosh] 21/11/2013 11:32

Gengulphus...I think that pretty much sums it up perfectly and I for one would settle for just 5% to 10% growth in the remainder of the year. As you state just flat gives a very solid outcome overall but the hot money would clearly leave and the share price likely fall from here and the outlook would be very important so I prefer just a bit of top line growth to keep confidence high.

Did anyone attend the Agm btw ?

[gengulphus] 21/11/2013 10:55

Some back-of-the-envelope stuff:

The IMS in September reported first quarter profits up 69% on the first quarter last year. If that growth rate were repeated for the remaining three quarters this year, the company's current P/E of about 17 would reduce to about 10, which is really very cheap for a company growing at that rate. (Or looked at another way, it would be a PEG of about 0.25, which is very good on the normal basis that PEGs below 1 indicate a good growth company.)

That is however a pretty optimistic assessment - while it could happen, I don't really expect 69% earnings growth in the remaining quarters this year, as they clearly have tougher comparatives to beat.

Going for a more pessimistic assessment, if each of the remaining quarters this year equalled the first quarter, this year's earnings would be 26% up on last year. That's a PEG of about 0.65, still pretty good and easily enough to justify holding the shares IMHO.

Could it be worse than that? Yes, most certainly it could - the assumption of flat earnings compared with the first quarter is only mildly pessimistic. If earnings were to run out of steam and only equal last year's total or even a bit less, I could easily see the P/E ratio dropping to 10, roughly halving the share price.

With the company sounding confident about how things are going, I think it's a good bet to continue growing. But not a certainty, so I would want to limit my position to a size where if things went wrong, it didn't hurt me too badly... It's a personal decision what "too badly" means - people's appetite for risk varies - so I cannot really help you on that.

My own holding is only a bit under 2% of my portfolio, and so I'm very happy to continue holding. If it were several times that, I would probably be taking some profits like you.

Gengulphus

[phat hair] 21/11/2013 09:57

What do we think RE Goodwin, then? I was going to just leave it for years but it's tripled so I just had to take some profits. More upside ahead or an Apple-esque share price fall when the next results are only quite good?

[bench2] 18/10/2013 11:46

Goodwin family re-arranging family shareholdings .. they still control 53% of the company but mostly through JM Securities . I do not think we should read anything into this ... but why pay the CGT which must be considerable at £37 per share ?

[ryandj2222] 10/10/2013 13:06

Wouldn't the spread be the same % wise?

[the oyster] 08/10/2013 16:53

GDWN could do with a share split, say by 10.
This would bring the price per share down to 390p rather than £39.
The advantage to the investor would be much less spread, making GDWN more attractive.