Gooch & Housego Share Discussion Threads

[kingsize] 18/2/2005 12:56

Walthera,
Thanks for that - somehow it had passed me by.

[walthera] 16/2/2005 13:33

Hi kingsize,

I commented on the GHH "No Future in ....." board two months ago, congratulating Archie on his retirement that had already been announced and also on how it looks as if the company is in great shape to move forward.
With the prospects of enlarged facilities at the old Clarks factory site the company looks set to continue its present momentum even if the share price pauses for a breather occasionally.

Here's the link to the annual report of 15 December 2004 where you will find mention of the ill health and retirement of Archie Gooch to take effect from today's AGM.

[kingsize] 16/2/2005 11:24

Archie retiring and no comment on here. How odd!

What do we suppose he will do with his shareholding? At least if he keeps hold of it he will be less inclined to make negative comments and presumably be less influential anyway. Or will his shareholding effectively cap the price with the dreaded overhang effect?

[f880gna] 15/2/2005 23:17

About 350 for me I think. However at the current rate of progress that's starting to look acheivable!

[kingsize] 14/2/2005 15:23

f880gna - hopefully the "e" has risen since then so your "p" will also have risen - isn't that a fundamental basis of investing?

Just to make you feel better, some (but thankfully not all) of my holding was bought at 375p and the "p" is unlikely to get back there for ages!

[f880gna] 13/2/2005 16:59

PE of 30...sounds familiar, ah yes that's what it was when I bought it!

[zog] 10/2/2005 17:36

Yes - AGM is next wednesday (16th Feb @ 11am). Anyone going? (Its being held in Bristol).
I would hope that we will get a brief RNS about recent trading and an update on progress with the new factory site - the recent comments about the near-term availability and the size of the Clark's site suggested that expansion is very much part of GHH's plans!

[penrynner] 10/2/2005 17:12

Well, perhaps the rise has something to do with the acquisition of the new factory for development..these are exciting times for Gooch which is now in expansionist mode...I hold these shares...

[greenslug] 10/2/2005 16:51

Think agm is this week or next?

[yump] 10/2/2005 16:50

penrynner,
Depends what sort of reasons interest you as an investor - there's probably a selection in its favour at the moment: tips, value, tech, recovery, results, its markets, small co. bull market - take your choice.

[penrynner] 10/2/2005 16:38

Does anyone know the reason for the sustained rise of this one?

[yump] 10/2/2005 10:35

Sorry, I forgot, profitable companies are becoming unfashionable again ;-)

[yump] 10/2/2005 10:34

Forecast eps is for around 14.6p now for current year. Thats about 25% growth, so perhaps p/e of 20 is justified, in which case its not surprising that its gone through 200p easily. Looks like an old style re-rating ie. a month or so after results, rather than a scramble the day after.

With some of the silly current year ratings of the tiddlers around, perhaps we should take a p/e of 30, as we've actually got some solid figures here !!

[garth] 10/2/2005 10:19

Really going for it isn't she! :-)

[f880gna] 10/2/2005 00:51

Has to be one of the best looking one-year charts on the market.

[garth] 09/2/2005 09:50

Through £2. Very nice :-)

G.

[yump] 09/2/2005 08:08

Testing the water a bit now, yesterday 200p to buy now 200 to sell...

[ck] 11/1/2005 13:53

Hi garth...you still in these...me too,looks like a breakout for sure...until

old man gooch sells again to stabilise the price, or issues a statement as to why their precious company is actually increasing its shareprice without their permission.....LOL

cheers ( and nice to see a rise at last...)

[garth] 29/12/2004 08:40

Tipped somewhere? Opened high, now falling back.

G.

[yump] 24/12/2004 21:43

If they are expecting 15p, then giving it a forward p/e of 15 seems quite modest. Sticking my neck out but at the current price seems to be very tiny downside and potentially a lot of upside.

[zog] 24/12/2004 09:05

Thanks fellowes - I had missed the buy recomendation in IC (which came out on wednesday) - maybe that is were the Independent "heard" their "talk" of strong demand! I have now looked up what the Investor's Chronicle says; snippets include:-
"Strong semiconductor demand drove sales growth with revenues at Neos rising 40% and operating profits at Cleveland up 81%. Sales at the UK arm rose 21%, demand has begun to stabilize, company expanding into continental Europe. Housebroker expects pre-tax profits (before goodwill) of £4M for 2005 giving EPS almost 15p."
"IC view: ...on a forward PE ration of 11 there should be further upside - BUY"

[fellowes] 24/12/2004 08:26

ZOG

Also given a buy in this weeks I.C.

[zog] 24/12/2004 08:05

Comment from today's Independent newspaper, business section, market report:-
"Gooch & Housego added 7.5p to 172.5p on talk that the group is enjoying strong demand for its optical products".
Link:
Good to see a mention in a national newspaper. Share price marked-up a few more pence this morning - perhaps the shares are starting to attract a wider audience at last.

[fellowes] 23/12/2004 20:25

Starting to move Up nicely now.

[pachiaammos] 17/12/2004 07:17

IMO the present price values this share as a modest growth co (8 to 10%). The signs are that underlying growth is at least 12-14% and maybe even the 18-19% yump has suggested. I don't expect high teens simply because of the dollar (I'm a $ bear $2.20 or even $2.40/£ end- '05).