Gooch & Housego Share Discussion Threads

[mw8156] 05/3/2017 23:02

some of their capabilities are said to be unique but don't know which ?subsea cable connections, which might have something to do with their strong share price; John Lee's holding is a 10- bagger since 2002 a/c to the FT,

[dozey3] 02/3/2017 18:44

Excellent management, rock solid balance sheet, hi-tec largely dollar earner: what's not to like. Well the share price rise of over a third in the last 50 trading days including the 6% today makes a p/e of 36 (according to Sharescope) and that suggests something in the wind to me. But of course wthdik.

[woodcutter] 02/3/2017 18:02

went out for the afternoon and nice to come home to a decent move

woody

[ironstorm] 23/2/2017 08:24

Looks like they are on a march again today.

On the face of it these are not cheap however their long term track record quickly changes that story. I bought at around the lows last year after their first half slowdown that price looks cheap now.

With the upside from the first half in the back I reckon that if I bought now it would be at the same rating as last summer - despite the increase.

[woodcutter] 23/2/2017 07:57

Initially I too have would have favoured a share split. however share spilt may improve liquidity and the share price but it could also be detrimental in that more trades will take place and tempt the traders. With such a small free float most buyers tend to be sticky long term holders which shouldn't be ignored.

i added again late on yesterday

Finncap broker note out share price 1230p

woody

[dozey3] 22/2/2017 22:08

Agreed Woody. This is one of my favourite IHT exempt holdings.
Liquidity is a problem. When AIR split their shares by giving four new for every one old share, I was a bit dubious. Logic says it should make no difference to trading since market cap is unaltered. Seems I was wrong; the stock market and logic don't always coincide.
Same might apply here with GHH, and a share split would make sense imo.

[woodcutter] 22/2/2017 10:59

yep great news, accumulate on the pull back.................if there is one.

If the beginning of this fiscal year is ahead of last year my some margin then i figure they're being very conservative at this stage in stating only meeting their expectations, a lot more in the tank here imo.

woody

[ironstorm] 22/2/2017 09:48

Great trading statement - should have much higher first-half results by the looks of it.

Good to see the acquisition too. Especially as they are not over-borrowed. I like the thought of more added value products as that will drive revenue/profits longer term.

Look at the long term chart - these are on a march and have been for 10+years and it looks like continuing.

My holding is small at the moment and will be looking to add on any weakness.

[f880gna] 06/1/2017 19:35

Impressive TA there! Wonder what's behind this breakout.

[woodcutter] 03/1/2017 13:40

accumulated a few more

wc

[woodcutter] 22/12/2016 10:08

picked a few up recently

woody


free stock charts from uk.advfn.com

[f880gna] 03/8/2016 00:22

from another place whose name contains the letter i repeated:

AIM's most obvious takeover targets

Gooch & Housego (GHH) is a world leader in the photonics technology market with manufacturing bases in the UK and US. The company covers the whole spread of activities from research to manufacturing components and systems for customers. The customer base covers, aerospace, defence, life sciences, industrial and scientific markets.

There are not many opportunities to acquire a business like Gooch & HousegoIndustrial still dominates revenues, but defence and life sciences are both growing strongly.

Nearly three-fifths of revenues are generated in US dollars from North America and Asia Pacific. This year the company had a weak first quarter but stronger trading since then means that there will be profit growth this year.

Gooch & Housego has one of the higher ratings among the companies in this article, but there are not many opportunities to acquire this type of business with its spread of activities and sectors.

Recent add-on acquisitions have widened the group's capabilities and increased exposure to the defence sector. Net cash will still be £12 million at the end of September 2016 even after these purchases. The shares are trading on 22 times prospective earnings for the year to September 2016, falling to 20 next year.

The shares are not a bargain on the basis of the short-term prospects, but this is a quality business that deserves a rating that reflects its strong market position.

[seanyboy] 02/8/2016 16:19

so where to now with the share price of GHH. Through to double figures - I'll be honest and say I don't have a clue what this company does but I bought a stack of them in the "Archie" days - guess that was 15 years ago. There was an impressive little Sunday Telegraph snippet at the time about GHH which drew my attention. Anyway I sold half the stack to buy a flat and retained the other half for that red ferrari. I've had some losers of course but the success of GHH make them a blip. They say research - I say gut instinct and LUCK! Enjoy the ride!

[ironstorm] 15/7/2016 09:58

I have to say they look great value at this level. I bought in a few months back and am just in the black.

Great technology and well below the radar. Financials look like following soon.

[redartbmud] 06/10/2015 07:41

Full Year Trading Update

"Trading in line with expectations"

Gooch & Housego PLC (AIM: GHH), the specialist manufacturer of optical components & systems, today announces that trading for the year ended 30 September 2015 is expected to be in line with market expectations. The Company expects to report its audited results for the year ended 30 September on 1 December 2015.

Overall trading conditions in the year have been good, driven by demand for lasers servicing micro-electronic materials processing and telecommunication systems. The business has seen some recent softening in micro-electronic demand from China, but there has been an increase in the requirement for undersea telecommunications products. We are expecting our space satellite communications programme to generate commercial income in the new financial year. The order book on 30th September 2015 was 10% higher than at the beginning of the financial year.

During the year the business has made good progress against our stated strategy in its drive to:

a) ensure a consistent level of operational excellence across all sites, through the establishment of globally focused operational teams and the introduction of LEAN manufacturing principles.

b) develop deeper ties with key target customers, through the recruitment of experienced market focused business development staff.

c) ensure that there is a balanced R&D portfolio that meets the business's strategic goals, through focusing on and properly resourcing a smaller number of key strategic R&D projects.

The planned move of the Company's Palo Alto site to nearby Fremont, in order to provide improved facilities and room for further growth, has been delayed by three months due to construction and planning issues, which have since been resolved. The Fremont facility is now expected to be operational by the end of the calendar year. As previously disclosed the business in Palo Alto has built inventory reserves to satisfy expected customer requirements while the new facility is brought on line.

G&H has strengthened its financial position since 31 March 2015 and remains well positioned to make further investment in the business.

Mark Webster, Chief Executive Officer of Gooch & Housego commented:

"The Company has performed in line with expectations in the year to 30 September 2015. Whilst the business remains vigilant to global macro-economic trends, in our key markets we continue to be well placed for future growth. We remain focused on delivering our financial goals through our twin strategies of diversification and moving up the value chain. The new management team has put in place a performance improvement programme prioritising operational excellence, business development and R&D; we have made good progress with this in FY2015 which will help underpin our future performance."

I would say that is an acceptable statement.

[arky25] 05/8/2015 10:02

garth - im looking for a way in to invest in ml optics, and spanoptics

I believe there is a tie in with ghh?

[mw8156] 12/6/2015 22:30

cleveland grows the largest kdp boule crystals in the world whatever that means to a layman like me