Gooch & Housego Share Discussion Threads

[wiltowin] 20/10/2022 15:21

Well this is interesting?

[wiltowin] 19/10/2022 15:00

I've happily doubled up on my holdings here of late and will go for more on any further share price weakness.

[simon gordon] 19/10/2022 14:42

Thanks Wil, just wondering how much they are expecting to make on that order book. I've had a look on the net but can't find any forecasts. The new CEO looks okay, he turned round / built up Stadium (SDM) and sold it to TTG.

[wiltowin] 19/10/2022 14:31

Afternoon Simon last broker forecast is for a buy from Peel Hunt @ 1100p in as of 30/11/21 but obviously after the wee warning of staff covid absence and component supply clogging it will be lower, but personally I ignore brokers forecasting. Both problems are industry wide and now under control I would like to think however update due this month will verify that and if so unless in now you'll miss the uptick. On cash balances again taken from recent company news below I'd say it's good imho.

As at 31 July 2022 our order book stood at a record £140.6 million (31 July 2021: £97.7 million) a 43.9% increase on the same time last year, or 32.6% at constant currency. This represents an increase on the strong half year order book of 17.3% (31 March 2022: £119.9 million), or 12.6% at constant currency.

[simon gordon] 19/10/2022 12:07

Hi Wiltowin,

Do you know what the broker forecasts are for this year and next year? Also expected cash balances?

[wiltowin] 19/10/2022 08:49

Research firm TeleGeography recently launched its 2022 Submarine Cable Map and Africa Telecom Map, providing insight into 486 cable systems and 1,306 landings globally.

TeleGeography, a global telecommunications market research and consulting firm, has published its brand new Submarine Cable Map and Africa Telecom Map for 2022, both sponsored by Telecom Egypt.

These new designs include cables with a combined construction cost of $12 billion that entered service between 2016 and 2021. Every major subsea route saw new cables deployed during this timeframe.

Investment is expected to continue across all global routes. Following three straight years (2016-2018) where new subsea cable spending exceeded $2.2 billion, annual investment started to fluctuate in 2019. Looking forward, planned new cable investment could exceed $10 billion from 2022-2024.

TeleGeography projects that subsea cable spending will strengthen as hyperscalers shift their position from generating demand to generating supply.

“Our research has shown constant advancement year-on-year, as pressure for bandwidth continues to grow,” said Alan Mauldin, Research Director at TeleGeography. “Content providers’ international bandwidth growth has accelerated as of late. Companies like Meta, Microsoft, and Netflix have millions of users who are driving up demand every day.”

[wiltowin] 18/10/2022 05:32

Richard Streeter, REUK’s Managing Director said: “We are very pleased to have G&H on-board, delivering this important component into the Challenger 3 programme. The display system is critical; delivering front and rear views from the Trailblazer camera modules, enabling the driver to carry out the platform mission.

"The G&H solution allows a comfortable operating view suitable for long mission periods, while minimising the driver’s eye strain. The G&H technology is unique and the team at St. Asaph and Ilminster are experts in delivering complex electro-optic solutions.”

The Challenger programme contract will support the growth of G&H’s Optical Systems Innovation Hub and has allowed for further recruitment within both the R&D engineering department and programme management at the hub, as well as an apprentice training scheme at the manufacturing site in Ilminster. The Challenger 3 programme will enhance the business and promote further investment in defence infrastructure along with underpinning the security protocols across both facilities.

[wiltowin] 18/10/2022 05:30

21st September 2022

Rheinmetall Electronics UK (REUK) has awarded a £4.1M Challenger 3 contract to G&H for the supply of a custom specific variant of the Embedded Image Periscope (EIP) for integration into the Trailblazer Driver Vision.

[wiltowin] 17/10/2022 12:28

Oh I feel a twitch

[wiltowin] 14/10/2022 12:22

Britain is set to donate hundreds more air defence missiles to Ukraine, including AMRAAM missiles, capable of shooting down Russian cruise missiles.

[wiltowin] 12/10/2022 13:22

Took another 5000 of these today cheap as chips lol.

[wiltowin] 04/10/2022 13:52

Business is booming here just now good entry point.

[wiltowin] 02/10/2022 15:18

Wallace told the Sunday Telegraph that it’s “highly likely we will grow the Army but it might not be the places that your armchair generals want you to, because what we desperately need is to, for example, invest in our ISR capability. People will always talk about the regiments – ‘will you bring back the Rifles’, or whatever it is. We are more likely to be bringing about artillery batteries and more signals intelligence and more electric warfare, and certainly counter-UAV capabilities. If we can’t bring down those little drones, we are very vulnerable, no matter who you are.”

[wiltowin] 02/10/2022 15:16

In the UK, Defense Secretary Ben Wallace said in an interview on Sept. 26 with the Sunday Telegraph that defense spending would effectively double by 2029 would reach £100 billion ($107 billion) compared to just £48 billion ($51 billion) today. And this despite the tanking pound and general economic turmoil created by new Chancellor of the Exchequer Kwasi Kwarteng’s mini-budget, announced on Sept. 23.

[rp19] 25/9/2022 10:43

Is anybody able to share broker EPS estimates for this/future years?

[wiltowin] 25/9/2022 09:01

ghh must be getting plenty of business, below taken from a UK defense news release 4 days ago:-

“Our Armed Forces keep us safe around the clock and it’s incumbent upon us to do all we can to protect them and adapt to future threats. The war in Ukraine has highlighted the importance of well-protected armoured vehicles. We are supporting the Army to modernise and remain at the forefront of cutting-edge capabilities. This is an important step forward in researching the latest technology to improve protection for armoured vehicles, helping them prevent and repel attacks from the ground and air.”

[wiltowin] 25/9/2022 08:54

Taken from Bloomberg 25/09/2022

The Defence Secretary has said Britain will increase the size of its armed forces spending by at least £52 billion in response to Russian aggression.

[wiltowin] 22/9/2022 11:13

Defence spending sector set to boom and ghh well placed to benefit from this, at these prices it's a bargain imho.

[garth] 22/9/2022 10:24

Bumping along now for near on a month. Still got quite some weeks to go yet though before anyone could call this as having moved out of that heavy down trend.

G.

[wiltowin] 10/9/2022 09:18

Climb onboard before this rocket takes off. Below was taken from a recent press release.

Directed Energy Weapons Market Worth $5.73 Billion by 2028 at 21.5% CAGR | The Insight Partners

That's up from the current $1.77bn for 2022.

[wiltowin] 07/9/2022 23:01

Truss has made a commitment to increase the UK war machine budget by 60% yes 60%. Has to be good for ghh future earnings.

[wiltowin] 30/8/2022 11:37

GHH bound to be getting lots of interest in DEW weapons systems now we're in an era of hypersonic missiles.

[c3479z] 23/8/2022 18:59

the insider Directors should be sacked, they have a full order book yet are unable to fulfil, blaming supply chain and Covid etc,
Certainly there have been headwinds but others have dealt much more effectively,#
suspect because the CEO is stepping down the whole organisation has become rudderless.

[wiltowin] 20/8/2022 08:30

Obviously why the share price plummeted by 20% on the 17th when these were offloaded then but good to see the insiders showing some confidence by buying and adding to their holdings. Now that the good weather has gone and kids will be returning to school the covid bluff to get a few days off work will be ending and production will be ramping up to fill the rapidly expanding order books. It's not rocket science, well it kinda is lol.