Goodwin Share Discussion Threads

[cambium] 24/8/2010 09:26

Care of Mattjos...

We order industrial chains & sprockets from China that we use in drivetrains.
Just called up today for price and availability ..... minmum lead times have now gone out to 16 weeks from order! ... global demand for chain, sprockets & belts is far exceeding current manufacturing supply.
Chinese factories have been taken completely by surprise on the speed with which demand has bounced back and are struggling to bring production back up quick enough to meet the demand.

[cambium] 23/8/2010 15:28

Goodwin bridges revenue gap 23/08/2010

The metal castings and engineering specialist Goodwin plc said today (23 August) that it had managed to maintain profitability during the current year despite an overall drop in sales revenue that will nevertheless be boosted by two large machined casting contracts for bridge construction in the US and Norway worth around £12 million.



Announcing its financial results for the year to 30 April, the Stoke-on-Trent based group said the companies in its Refractory Division – which operate in the UK, India, Thailand, Brazil and China, and supply moulding consumables and machinery to the jewellery investment casters – significantly improved their profitability in the face of difficult world trading conditions.

The Engineering Division reported reduced profits having adopted a policy of conserving the work load to protect its skill base but orders had recovered in the second half.

Chairman John Goodwin reported that by the end of the first half of the financial year the Board, with a greater level of confidence that the Group's financial performance was not going to be damaged by the global recession, embarked on an internally financed £4 million capital expenditure programme including, in the UK, the ordering of its largest CNC machine tool to date to serve a growing demand for larger engineering components.

Work in progress included two large machined casting contracts for the Oakland Bridge in California and the Hardanger Bridge in Norway and the group was now focusing on obtaining orders for engineering products with a higher weight range of up to 25 tonnes.

The workload for current orders remained the same as it was 12 months ago (approximately 6 months of workload) and new order potential seemed more positive due to a rise in enquiries and signs that more capital projects were being released in the energy sector, Goodwin said.

Pre-tax profits for the year were £13.3 million (2009: £13.1 million) on revenue of £93.9 million (2009: £100.7 million).

[alexisk] 23/8/2010 11:02

Last year they updated on the 1st qtr around 9th September so maybe we'll have a better idea in a few weeeks time.

[alexisk] 23/8/2010 09:53

Look like solid results, with growth of the refractory businesses in places like India, China and Brazil particularly encouraging. Anyone any thoughts on likely profits and eps for the current year?

[cockneyrebel] 12/8/2010 11:46

OK - I've decided to sell out over the past month - faster stuff to chase and the chart here arching over. Been a nice hold but I'm bored :-)

Great little co - needs a bit more PR perhaps.

CR

[cockneyrebel] 08/4/2010 18:35

yep, I think the director sells just prior to the buy took the sine off them.

Anyway, Q3 statement was decent - results in Aug should be good imo.

CR

[gopher] 07/4/2010 21:22

Director buys recently but shares pretty much unchanged on 12 month ago against FT100 rise from 4000 to 5700

[cambium] 12/3/2010 12:36

....................Q4 09...09
Net profit margin 13.06% 9.05%
Operating margin 19.42% 13.73%

[gopher] 09/3/2010 22:26

Looks good value compared with others e.g ror but very underresearched and off the institutional radar despite some positive write ups in the FT. topped up this week before results

[cockneyrebel] 09/3/2010 10:28

Pretty decent results today - amazed to see them before the open - what's happened to my afternoon excitement I am used to :-)

A pretty decent 9 months = strong $ has obviously helped as they say.

Steady as she goes :-)

CR

[cockneyrebel] 05/2/2010 20:07

Dunno, automated trades taking ut into auction at the close perhaps.

CR

[cambium] 05/2/2010 18:04

why the price monitoring system of late

[alexisk] 22/12/2009 14:54

I am still in this too as I think this is a well-managed company with good exposure to growing markets such as China, India and Brazil. It seems to me its very much a question of "when" rather than "if" growth will resume, and imho this will be next year or at latest the year after that.

[ukinvestor220] 21/12/2009 17:27

im still in this .. i like the confidence of investment in foundry and machining capacity and focus on Eastern economies

[cockneyrebel] 21/12/2009 17:25

Quiet here - all sold?

CR

[cockneyrebel] 21/12/2009 12:03

Results just out - look alright to me.

65p eps in H1 - seem to think they could do the same in H2 which would be 130p eps for the year, PE 8.2 - pretty reasonable I'd hav ethought (but then I think that about JDG on a PE of 4.2 too :-))

Currency moves will be interesting.

Chuff ugly spread here all the time recently but goes all over the place anyway.

CR

[undervaluedassets] 02/12/2009 15:15

is the spread always this big ?

horrible 7% at the moment.

great stock though

what a balance sheet

[cockneyrebel] 17/11/2009 17:03

Always the way :-)

CR

[davemac3] 17/11/2009 12:23

just when you think these are getting boring, they go into orbit!!

[nfs] 17/11/2009 12:21

At last a pick up-though in mid November it's an oddtime for it to happen

[undervaluedassets] 17/11/2009 12:07

very .... now this is a stock I like

[cockneyrebel] 17/11/2009 11:52

seems a bit lively today.

CR

[kneecaps2] 16/10/2009 10:56

Yes thanks!

[davemac3] 16/10/2009 09:26

anybody got their divi yet?

[dasv] 12/10/2009 17:52

me too - I'm not trading this either - I guess that makes me a long term holder of GDWN.