Gooch & Housego Share Discussion Threads

[wiltowin] 22/2/2023 08:01

4 month trading in line with expectations. The company said it is aware of a potential market slow down, but that multiple large value order opportunities underpin expected revenue for fiscal 2023 and beyond.

Either you've missed the boat or it's a good buying opportunity..

[pugugly] 22/2/2023 07:36

AGM trading update. Concealed profit warning?

[wiltowin] 19/12/2022 16:52

Peel Hunt have a 750p target a 50% increase on today's open.

[wad collector] 18/12/2022 22:50

IC have marked GHH as a Hold last week @ 420p, thinks there are too many operational problems and the £6.7M impairment charge.
Mind you , if you followed their last recommendation, BUY in June, then you would be looking at a 55% loss. So what do they know!

[wiltowin] 06/12/2022 16:22

The bad news is behind them now and a bulging order book going forward will push the share price higher. Ten year low what a bargain price to get onboard.

[lindowcross] 06/12/2022 12:27

I picked up a few more at just below 400p. A high tech company actually making a profit. But I've lost money on this, along with a few other smaller companies. I will hang on grimly. Oh dear.

[wiltowin] 06/12/2022 09:57

Staff absence due to covid was industry wide phenomenon during 21/22 not an issue going into 2023, yawn.

[c3479z] 06/12/2022 09:49

dismal management, full order book but not the staff to cope with it, covid is the excuse but there must be more to it than that.

[jojaken] 06/12/2022 09:41

Finncap cutting next year's EPS forecast by 21.4%, which in part accounts for this morning's slide.

[wiltowin] 06/12/2022 09:21

Dividend reflects the increasing order book it's all in there.

[wad collector] 06/12/2022 08:19

Oh dear, the FY Results do not suggest that a great order book is enough to stop the share price slide.
I do question the decision to increase the dividend regardless.
SP is now the same as it was a decade ago.

[wiltowin] 02/11/2022 09:26

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.

[wiltowin] 01/11/2022 17:35

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 :-(

[wiltowin] 01/11/2022 16:17

Talking about a falling knife best advice is avoid

[wiltowin] 24/10/2022 12:41

According to Precedence Research, the global microelectronics market size is projected to be worth around USD 455.67 billion by 2030 and growing at a CAGR of 4.1% from 2022 to 2030.

[wiltowin] 23/10/2022 08:29

The US is taking some steps to make itself less reliant on Taiwan. In July for instance, Congress passed the CHIPS Act, which includes nearly $53 billion in subsidies and tax breaks in an effort to bolster chip manufacturing in the US.
This so called on-shoring is to lesson the impact of any invasion by China if that happens which would have devastating considerations for the world electronics industry. There is also a push to move manufacturing to Japan.
All these new factories will be requiring laser technology.

[wiltowin] 20/10/2022 16:41

Doubt a cheeky bid at these levels would be acceptable but who knows?

[simon gordon] 20/10/2022 16:14

Wil,

Problem is they keep warning, market needs proof they've stabilised and are turning the corner. 10x / 11x 2023 is tempting. No sign of basing on the chart. 1x sales means a cheeky bid is a possibility.

[wiltowin] 20/10/2022 16:11

June 2022 from ghh website:-


During the first half of the financial year there has been strong demand for the Group’s technologies and capabilities and our order book has achieved another record level. However, in common with many industrial businesses revenue has been constrained by COVID-related staff absences and supply chain disruption. Full year expectations are unchanged and long-term outlook is positive.”

[simon gordon] 20/10/2022 15:54

RP,

Many thanks!!

[rp19] 20/10/2022 15:53

#614
In August, Finncap downgraded EPS estimates to 23.6p (2022) and 37.4p (2023). At current price of £4.90, puts it on a PE of 21 (2022) and 13 (2023). Looking more attractive at the 2023 level if estimates can be achieved.

[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.