Goodwin Share Discussion Threads

[alexisk] 31/8/2007 11:23

Yes, I agree this is an established breakout now and £10 should be achieved within a few months imho

[cockneyrebel] 31/8/2007 10:30

creeping up - I expect it to keep doing so too.

£10+ must be fair value imo.

CR

[cockneyrebel] 29/8/2007 10:43

I don't think buyers are going to get much of a pull back to buy on here.

CR

[cockneyrebel] 28/8/2007 09:55

yep, ROR one I constantly waited for a dip on and missed :-(

GDWN look every bit as exciting imo.

CR

[cambium] 28/8/2007 08:44

This reminds me of an early ROR, another cracking share,

I have joined you this morning.

[cockneyrebel] 27/8/2007 19:08

Copied these to the Jim Slater Zulu thread




Reckon they are well withing the criteria to make a genuine Zulu, first I've spotted in 2 years.

CR

[cockneyrebel] 25/8/2007 19:26

Cheers for the info nurdin :-)

I bet there was a load of punters thinking - "results?, 3.30pm?, Friday before a Bank Holiday? - they'll be bad" lololol.

Been sat here waiting for these results for weeks, amazed at the lack of buying. These have to be one of the most reliable companies on the market - that's worth a lot on top of the PE.


CR

[res1606] 25/8/2007 19:01

Followed these since 1992 at 40p. They run the business for the genuinely long-term and I'm very excited about Easat over the next 2-3 years (read that particular Company's Accounts at Companies House on-line - even the April 2006 ones make an intersting observation) and the overseas subsidiaries. They have just turned profitable... With 20-40% growth per annum over the next 3-5 years the PER is just completely wrong, in my opinion. I have never sold a share and this forms 25% of my holdings. (the other 65% is in EDD where you can read my more recent (since 2004) postings. The remaining 10% is a punt (GGK.L).

As ever, no recommendations intended and DYOR!

[nurdin] 25/8/2007 18:46

I am not a holder Tarby..just thought Id do my service to the holders...:o)

May dip my toe once the broader markets settle however...if I am not too late that is.

[jimmy tarbuck] 25/8/2007 17:24

Great news. I'm off to get a copy.

Makes one wonder why we're not mentioned in the FT..

[nurdin] 25/8/2007 15:18

Mentioned in the Daily Mail today......

[jimmy tarbuck] 25/8/2007 14:14

Yes, CR, considering I was nearly wiped out by the high-tech crash, these have been a God-send. Decided to look for safer venues after the bubble burst and Goodwin have certainly come up trumps. I have re-invested the dividend each year and I intend to do the same this time round.

I know a lad who owns considerably more shares in GDWN than I do, and he has told me that the board have been asked in previous AGMs about a move to AIM. They have categorically stated that this will not happen.

[cockneyrebel] 25/8/2007 10:51

Well done for holding that long Tarby - easy money! :-)

You must have had more than half your inintial investment back in divi's!

I sadly bought at about 130p and sold at 170p. Bought back in the £4', sold in the £5's :-( What a waste of trading in and out - should have held from 130p and just emigrated to Barbados.

Still reckon there's a sheadload more in these yet tho - the fwd PE seems to still be as low as it has ever been.

These are actually one of the very few stocks that qualify for a genuine PEG rating having had 5 years of consistent earnings growth.

A genuine PEG of mind bogglingly low 0.24 - I cannot find that anywere.

These actually look like a Jim Slater Zulu stock imo, they have 9 of the 10 criteria, the only one they really lack is 'something new' but that's regarded as important, not mandatory.

And it's fully listed! :-)

CR

[jimmy tarbuck] 25/8/2007 02:14

Just squeezing out the last drop of champers.

Don't worry Bench2, we'll never revert to AIM - sources closer to JWG would confirm that.

Looking like the greatest investment decision ever to ISA this beaut at 99p. Hoist up the John B Sail....!

[bench2] 24/8/2007 19:11

I agree CR the chart does look interesting.

[cockneyrebel] 24/8/2007 18:45

that's a breakout by the way - record profits by 30% over the previous results, record shareprice - just.

Reckon these are going higher next week when the punters realise results at 3.00pm on a Friday before a bank holiday are not always carp!

CR

[cockneyrebel] 24/8/2007 17:59

The spread isn't that bad actually, just over 3%. And considering when you buy 500 shares you usually move the bid 5p then the spread is around 2.5%.

18p divi that is all final divi, no interim divi so buyers here get that and cover the spread nearly with the payment of it!

It's a cracker :-)

CR

[bench2] 24/8/2007 16:45

Tremendous results given the raw material and energy cost pressures and the falling dollar. We might get lucky with a decent contribution from their new German acquisition so I am pencilling in 81.4p(+25%) EPS for 2008 plus another 20% div increase to 22.1p. At 800p prosp PER of 9.8 and yield of 2.76%. The main point about this mini Weir is that the ownership is only the Goodwin family and friends and private investors like us. There are no institutions , John Lee , Simon Knott etc they will only get a toehold in this company if the Goodwin family release stock or there is a placing.With the 6th generation Goodwin joining the board and over 60% family control ( worth over £34m ) they sadly be tempted to go to AIM for inheritance reasons. Don't expect much of a write up from IC or Shares mag as they don't like limited maketability companies with a wide spread.

[penpont] 24/8/2007 15:30

Yes, very good results yet again.

Turnover growth has slowed somewhat this year - perhaps for that reason 90p for current year is a bit ambitious? Even on 80p, a 12x rating should justify £10 at some point over the next 12 mths. (It's worth bearing in mind that they've been on an historic PE of 16 recently).

I don't see them ever getting to a peer group rating unless by some miracle they become more conventional with regard to transparency of information - some of the businesses they run aren't even referred to in today's statement.

Anyway I'm quite happy to hold for another 25%, so see you all in a year's time!

[cockneyrebel] 24/8/2007 15:18

65p eps year gone.

18p divi so you're buy price is effectively 18p lower than the ask, net.

Must do 90p eps this year, and Isa-able.

They are already 4 months into this year and sounding very upbeat.

got to be worth a tenner imo

CR

[res1606] 24/8/2007 15:14

30% growth this year (April 2008) would put the shares (now 790p) on 9.3 times compared with a sector average of 15-20x!!!

[cockneyrebel] 24/8/2007 15:06

bang on! well done res :-)

CR

[res1606] 24/8/2007 15:06

Hurrah! On the nail!!!