Gooch & Housego Share Discussion Threads

[wiltowin] 21/6/2023 08:35

Gooch & Housego Buys US-based GS Optics in $16 Million Cash-and-Stock Deal.

[wiltowin] 20/6/2023 13:41

It might be from the beginning of the year but it's even more applicable going forward now:-

Citywire A-rated Costar added the stock to his £252m JOHCM UK Growth fund, stating it was ‘an old favourite and yet another global leader to come into the fund’.

‘Rich in intellectual property, the company has world-class photonics technology that is essential in multiple growth industries,’ he said.

‘After running into trading difficulties and supply chain bottlenecks, it now trades on an anomalously low multiple of what are likely to prove near trough profits as the new chief executive seeks to refocus the business on its core opportunities,’; the manager said.

Costar noted a 51% increase in the order book as demonstrating ‘just how strong demand is’.

‘This is yet another valuable strategic asset that languishes unloved on the UK market and yet another one we believe, with successful execution, could provide upside,’ he said.

[wiltowin] 16/6/2023 12:57

It's often mentioned to get into shovels and pickaxes at the beginning of the gold rush well here's the opportunity to get into GHH at a fantastic time just before AI takes off as GHH build the lasers that are crucial for making those AI chips.

[wiltowin] 16/6/2023 09:34

Just a few headlines from out and about that show the massive upside potential for our UK listed tech company :-

The Department for Science, Innovation and Technology has published the highly anticipated National Semiconductor Strategy (NSS), setting out plans for the UK to secure its position as a “global science and technology superpower”. The NSS forms part of the wider ‘International Technology Strategy’ (ITS) which was published earlier this year, under which the UK Government identified semiconductors as a ‘priority technology’ alongside quantum, AI, engineering biology and future telecoms.
The NSS outlines the Government’s plan to ‘double down on design, research, and advanced chip leadership’, with a view to rejuvenating an industry that has been battered by supply chain disruptions and geopolitical uncertainties.

The UK Government has committed to allocating up to £1 billion to chip companies over the next decade, with £200 million to be offered to British chip companies between 2023 and 2025, and the remaining £800 million to be distributed by the end of 2033.

Now more than ever, it is important that the UK steps up to promote British tech excellence worldwide and takes a stand against the malign influences that seek to use tech against us,” said foreign secretary James Cleverly. “That is why we’ve announced this strategy, helping to deliver on our ambition to be a tech superpower by 2030.”

UK Geospatial Strategy 2030 will unlock billions of pounds in economic benefits through harnessing technologies, such as AI, satellite imaging and real-time data to boost location-powered innovation and drive the use of location data in property, transport, utilities and beyond.

[wiltowin] 09/6/2023 12:30

Once £6 is breached we're on a run to £7 in double quick time I'd bet. Gotta love this high tech company in this high tech world.

[value viper] 09/6/2023 10:35

Buy advice in Investors Chronicle today fwiw 16 PE for 2024 reasonable To benefit from huge US and EU industrial policy initiatives

[dozey3] 06/6/2023 11:52

Agreed, definitely a ‘buy’, but already have a shed load. Pleased to see a good chunk going on R&D. Need to stay at the cutting edge.

[wiltowin] 06/6/2023 11:02

Great entry point now as shown we're back on track with all G&G businesses doing well good upside here and paying a dividend too. Won't be at this price point for long in my opinion.

[1c3479z] 06/6/2023 10:51

fair results, seem to have solved the order backlog even if at the expense of carrying stocks, have to improve margins now in A and D in particular. Always seen to me, at least, as a possible t/o candidate with its very strong position in certain niches, interested in their metrology component where they've been required to improve tolerances at the request of a customer ?Renishaw.

[wiltowin] 02/6/2023 12:42

As part of the global integration process, G&H has already taken steps to streamline operations and leverage the strengths of both companies to better serve its customers. The updated brand is just one of the efforts that G&H is undertaking to maximize sales across their customer base and bring significant growth to the company.

As long as it's profitable who cares what it's called.

[dozey3] 01/6/2023 17:27

Underwhelming, and hardly trips off the tongue.

[wiltowin] 01/6/2023 16:10

Press release posted on GHH webpage today reads :-

G&H Photonics, a global leader in photonics technology and the parent company of ITL, is pleased to announce the rebranding of ITL as part of its continuous efforts to integrate the medical device company into the organization.

The decision to rebrand ITL reflects G&H’s commitment to growth and innovation in the life sciences market. G&H has been expanding its reach in this market, and the acquisition of ITL was a significant step towards this goal.

ITL will now be referred to as G&H | ITL. This rebranding signifies an exciting milestone as G&H | ITL embarks on a new phase of growth and innovation.

“This rebrand represents the next chapter in our company’s growth and evolution,” said Charlie Peppiatt, CEO of G&H. “The new look will help us build a stronger brand, better serve our customers, and drive the next phase of growth in the business.”

Nick Colyer, Managing Director with G&H | ITL, added, “The new brand identity reflects our shared vision for the future and is a testament to the hard work and dedication of our team. We look forward to continuing to build on this strong foundation as a part of G&H.”

[wiltowin] 23/5/2023 10:26

Military laser market expected to reach highest ever demand and ghh is a major player.

[wiltowin] 23/5/2023 07:59

H2 results due 6/6 which I expect to be on the front foot as business picks up..

[wiltowin] 19/5/2023 10:36

The latest figures published by ADS Group showcase the £37bn value added to the UK economy by the aerospace, defence, security and space sectors in 2022. It further reveals that businesses delivering world-class products and services generated £82bn in turnover, with UK exports from the sectors worth £36bn.

Record growth for UK in apprenticeships across Aerospace, Defence, Security and Space sectors, latest figures show.

With the UK investing only second to the USA the space race GHH's aerospace and defense arm stand to benefit greatly.

[wiltowin] 19/5/2023 08:10

The investment will form part of a 20-year strategy on semiconductors — which has faced lengthy delays — outlining the U.K.'s plan to secure its chip supplies.
The government will initially invest up to £200 million from 2023 to 2025 before expanding its commitments to up to £1 billion in the next decade.
The U.K. investment pales in comparison to mega spending commitments tabled by the U.S. and European Union.

The future earnings from G&H's industrial arm are set to rocket from semiconductor manufacturing.

[wiltowin] 05/5/2023 17:47

I'm pretty sure that G&H picked up some big orders at the SPIE Defense + Commercial Sensing show this week, this equipment is bound to be flying off the storeroom shelves.

[wiltowin] 03/5/2023 20:24

Gathering momentum these past few days and rightly so as they're in all the right sector's going forward. I can see this moving rapidly back to £10 before long imho.

[value viper] 03/5/2023 19:46

Material move up at one point today to 590pI see a big premium buy at 600p from lunchtime was the prime reason

[wiltowin] 21/4/2023 11:11

G&H's company's laser transmitter was a vital part of the successful launch of the Norwegian NorSat Technology Demonstrator from SpaceX at Vandenberg Space Force Base in California. Our team's commitment to innovation and collaboration helped make this achievement possible.

NorSat-TD, which features a Small Communication Active Terminal laser communication system, was commissioned and operated by the Norwegian Space Agency. The groundbreaking laser communication system was developed by a consortium and significantly improves the data transmission capabilities of small satellites. The laser terminal module, known as CubeCAT, uses direct-to-earth laser communication and is mounted on a pioneering mechanical shock and vibration damping structure.

We are proud to contribute to such an innovative project that aligns with our company's core values of innovation and collaboration. A special thank you to our innovative Fiber Optics team!

SmallCAT will undergo an in-orbit demonstration as it connects with the optical ground station located at TNO's facility in The Hague, the Netherlands, and communicate with other European optical ground stations.

Taken from a press release this morning.

[wiltowin] 17/4/2023 08:58

The company are indeed moving from component manufacturing to complete assembly manufacturing as mentioned in their restructuring program with details of which are being announced in June this year. Below taken from a recent RNS:-

"We are focussed on moving up the value chain, generating a greater proportion of the Group’s revenues from subassemblies and systems. We are delivering this strategy by focussing on three strategic priorities."