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GHH Gooch & Housego Plc

546.00
8.00 (1.49%)
Last Updated: 13:57:09
Delayed by 15 minutes
Gooch & Housego Investors - GHH

Gooch & Housego Investors - GHH

Share Name Share Symbol Market Stock Type
Gooch & Housego Plc GHH London Ordinary Share
  Price Change Price Change % Share Price Last Trade
8.00 1.49% 546.00 13:57:09
Open Price Low Price High Price Close Price Previous Close
538.00 538.00 546.00 538.00
more quote information »
Industry Sector
ELECTRONIC & ELECTRICAL EQUIPMENT

Top Investor Posts

Top Posts
Posted at 19/11/2023 11:18 by z1co
Odyssean Investment Trust looks to invest in high-quality British businesses trading below their fundamental value, with scope for that value to grow through proactive management action.

On this theme, one area where we have been active recently is an unglamorous sector in an unloved part of an undervalued market: UK small-cap industrials. We think the sector hides a number of gems.

Within industrials we look for firms with know-how in complex production processes that is hard to replicate, as this offers the opportunity for pricing power and attractive margins. We like companies with a global customer base, reducing reliance on the UK economy and increasing the potential appeal to overseas investors and acquirers.

Finally, we like to back proven management teams with a clear plan. We have found a number of such opportunities, which is why industrials is currently our largest sector exposure.

A BIG BLUE-CHIP CLIENT BASE

One of our more recent investments has been Gooch & Housego (LSE: GHH), a leading manufacturer of photonics and electro-optics solutions selling to a blue-chip client base of healthcare, industrial and aerospace customers around the globe.

The group’s end markets are growing strongly, and G&H is well-placed with unique capabilities in optical coatings and materials.

Having historically been built up through mergers and acquisitions, the group recently appointed a new CEO, who is focusing on boosting margins significantly by integrating historic deals better.

Today the stock is on an enterprise-value/sales (EV/sales) ratio of around one, compared with a ten-year average of 2.2. We feel the market is giving little credit to the growth and improvement potential in a group with world-leading intellectual property (IP).
Posted at 28/10/2023 16:44 by wiltowin
Conflict in the Middle East and Ukraine has created a surge in demand for weapons

Sash Tusa, an analyst at research house Agency Partners, says investors are beginning to see that demand, kickstarted by the war in Ukraine, is not disappearing any time soon.

Sash Tusa says: “We are in probably a decade-long defence upcycle and we haven’t had one of those in the last 30 years.”

Anyhow it's not doing GHH's aerospace and defence arm any harm, the customer orders are bound to be on the increase.
Posted at 23/6/2023 19:37 by wiltowin
No harm to Investors Champion they're missing the point with this acquisition. They're aiming to provide an end product not just parts sold to other manufacturers to maximise profits. Also as stated by GH, Rochester is the epicenter for their line of business in North America. So it's a win win on both counts for GHH, absolutely one of the future rising stars of AIM.
Posted at 22/6/2023 20:44 by value viper
Yesterday from Investors Champion Gooch & Housego: another acquisition, but is it too soon?Gooch & Housego (AIM:GHH), the specialist manufacturer of optical components and systems, has acquired US-based GS Optics for up to $15.7m.GS Optics specialises in the custom design and manufacture of precision polymer optics for use in the biomedical, machine vision and analytical instrument markets, as well as military and civilian night-vision and visible-range sighting applications. The acquisition expands the Company's presence in the Life Sciences sector and extends its capabilities into polymer optics.In its financial year ended 31 December 2022 GS Optics generated revenue of c.$10m and adjusted EBITDA of c.$1.5m, implying a multiple of 9.3x. Nearly 6 months after its year end it's a puzzle why those numbers are still only approximate!The acquisition is expected to be marginally earnings enhancing in the first full financial year of G&H's ownership.With new CEO Charlie Peppiatt only assuming control in September 2022 and plenty of tidying up to do, we are somewhat surprised that GHH has leaped to acquire. GHH makes interesting things, but surely it needs to work out how to produce these more efficiently and enhance those meagre margins before making yet more acquisitions in overseas territories to complicate the picture.Reported operating margins back in 2013 were 14%. After plenty of acquisitions and heaps of capital investment, revenues since then have more than doubled, but margins have halved and that was before the pandemic interrupted things! Return on equity has also declined from 14% to low single digits. As is so often the case, while considerably bigger, GHH appears to be a far lesser business.Let's hope Mr Peppiatt can get things back on track.
Posted at 09/6/2023 10:35 by value viper
Buy advice in Investors Chronicle today fwiw 16 PE for 2024 reasonable To benefit from huge US and EU industrial policy initiatives
Posted at 14/4/2023 17:50 by wiltowin
Very bullish rise of a double bottom.

'A double bottom will typically indicate a bullish reversal which provides an opportunity for investors to obtain profits from a bullish rally. After a double bottom, common trading strategies include long positions that will profit from a rising security price.'
Posted at 02/3/2023 07:34 by wiltowin
Kent Periscopes Limited has been awarded a £9m contract by Lockheed Martin UK for AJAX armoured vehicles. Why is this significant well because the Ajax RV had development problems which have now been ironed out and production has been fast tracked to within the next 18 months. Oh yes just in case you didn't know ghh now own Kent Periscopes Ltd. Plus let's welcome our new institutional Investor on board whom own over 3% of our company as of earlier this week.
Posted at 02/11/2022 09:26 by wiltowin
Their investor relations team has at least released the RNS to update investors of the FY results date hopefully good due to record order book if they have sorted out the staffing absences and pipeline disruptions. This could be a great entrance point at multi year lows and one of the finest companies on the AIM listings which was at three times the current price not long ago.
Posted at 01/11/2022 17:35 by wiltowin
Their website states FY update available in October but even it doesn't appear forthcoming, their investor relations is totally flawed I mean what were they thinking about giving that awful August update :-(
Posted at 06/12/2021 09:23 by lindowcross
Once in a blue moon I buy Investors' Chronicle and did so this week: low and behold, there was a buy recommendation for Gooch! The article states the business aims to generate equal amounts of business from Industrial, Aerospace and Life Sciences. Aerospace already does so, it continues, but Life Sciences is at 23%. The buy recommendation seems to be based upon Peel Hunt's note. I wonder if it's IC's article which is causing the modest mark up in price over last few days?

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