Gooch & Housego Share Discussion Threads

[garth] 09/9/2003 13:48

I love this share - just can't help myself :-)

G.

[holmess] 09/9/2003 13:02

Still a nice trickle of buys. Hopefully test the 150p in a few days time...................

[holmess] 04/9/2003 00:52

Do we have a few bigger buys going through. Currently up 11% on reported volume of 8000. I weould expect a few delayed trades to be reported prior to teh close.

Good though ;)

[whywithpumpkins] 03/9/2003 22:14

ck - sorry i thought i shouldn't but couldn't resist, best edit before anyone sees!

[ck] 03/9/2003 21:55

agree with jas...definately left behind, but one that didn't get 'really' hammered in the bear squeeze.....still making profits and paying divi....not too many 'techs' doing that.....like holmess says, new factory new man at helm spells for rosy prospects for future, if stateside starts to pick up more as it seems to be doing, then Gooch should start to bring increased revenues in, seeing as a major slice of their usiness is over there.....



WWP.....switch?, dont mention the switch, not in public anyway......
saw your post on BLZ...cheers for that and likewise...might start posting a bit more now i have more time on my hands...keep it up all long term GHH holders

[whywithpumpkins] 03/9/2003 21:39

yes, nice rise today.... [edit]

[holmess] 03/9/2003 13:16

Agreed

I think the new man at the top with a new factory at his disposal can only spell good things for Gooch going forward. The poor liquidity is real bonus when we're moving up !

[jaspoland] 03/9/2003 13:11

Volume has started to pick up over the last few weeks and with that a gradual increase in price. IMHO has generally been left behind with the recent gains in the market and I would expect the upward trend to continue with short term 150p on the cards. Still a solid long term hold.

[garth] 23/8/2003 00:37

Gooch on the move up again....

G.

[whywithpumpkins] 22/8/2003 19:48

noticed that myself g@rth

[whywithpumpkins] 16/7/2003 00:56

just a matter of time for us all.

[garth] 15/7/2003 14:11

'sright.

G.

[chelle] 12/6/2003 11:26

good - still won't be getting in until ready

[garth] 12/6/2003 06:25

chelle,
gamble is, will this company move forward now that he has gone. It certainly deserves too.imo.

From my conversations yesterday, I believe that the appointment of Gareth Jones and the timing of (Sir?) Archie Gooch's resting from such an active role are perceived to be good news for the company. Gareth Jones appears to be held in high regard and it sounds as though he has already been very busy 'driving' things forward.

Again, my opinion only.

G.

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[bollers] 12/6/2003 00:58

The bad news is that it was director sales, but the good news is that it's quite possible that whoever bought them will be wanting more from the market which will help the price. Hopefully £1.22 or thereabouts will be the floor now.

[valhamos] 11/6/2003 23:10

chelle - have a look at the rns at ukwire. There was a statement trying to dampen the irrational price increase a week before his sale. I recall he also made comments in the press before his sale. There was no way the company was worth £6 a share and no one can blame him for selling some.

[chelle] 11/6/2003 20:09

..nothing was said on the way up and yes they were hyped but when he sold they dropped like a stone and many people lost money and will not return here for that reason, they didn't trust then and don't now. I have my own opinion about family business's and why people won't let go of control - gamble is, will this company move forward now that he has gone. It certainly deserves too.imo. (Oh and yes i did get out on this news will buy back when/if dust settles)

[kibtf] 11/6/2003 15:35

Ditto. Last time round he called the increases insane in the press way before he sold (enough to make me hold off buying at the time). Now he's 86(?) and handing control over, so taking some chips off the table is natural even if he has picked his successors.
Main thing is who is the buyer. AIM trust own 8.6% of the co, and have/will have the straightjacket on using cash imposed on them by the financial covenats lifted with the proposed merger with 3PG so it will be interesting to see if it is them.

[mikepearce45] 11/6/2003 14:27

Agree with Garth that the "old boy" deserves his cash. Now that he has laid the foundations for a recovery in the Co's future he needs some readies to spend, e,g,new Merc. have the swimming pool cleaned out, have the AGA serviced etc etc.Yes he did pick up some adverse comments when he was criticised for appearing to manipulate the share price a couple of years ago, but he was actually being honest about his views of the Co. and brought about a degree of realism to a situation he did not agree with. Good luck to him I say. The Co. has a good future.

[garth] 11/6/2003 13:52

chelle,

I've been around for 4 years. How should he have gone about it? What more would you have liked? He's stepped back and that seems to me like a reasonable time to sell some of his holding.

Institutions want the shares. They were buying yesterday and that activity is ON_GOING! To sell into that demand seems a very reasonable way of handling it.

Lets look at the trades at the end of the day, or the week and see which way the large trades are going..... If you interpret Mr Gooch's sale as bad then the response is to sell on the back of it. Personally, I see no bad news and continue to hold. Lets see if there is another buying op. presented....

My opinion only. Not advice.

G.

[garth] 11/6/2003 13:52

CK,

Heather Virgin is Archie's daughter. That's how she's got such a big holding!


I think this is a bit different to 2000, and, for reasons stated above, there is no reason for it to hit the price in the same way.

G.

[chelle] 11/6/2003 13:16

if anyone has been around this for the past four years they will know all about the kind and considerate way Mr Gooch sells his shares...

[garth] 11/6/2003 13:13

Good luck to Mr Gooch. He deserves his money - he's earned it.

Read above. It has been a stated aim for the last 4 years to broaden institutional ownership of Gooch stock.

G.