Goodwin Share Discussion Threads

[bench2] 18/8/2017 11:27

No results out yet , not a good sign

[bench2] 09/8/2017 18:54

John Goodwin , emailed me back , yes 18 Aug is correct , he said they have decided to give themselves more time as they seem to hit auditors vacations .

[rhomboid] 08/8/2017 08:18

According to their website financial calendar prelims are due 18 August TBC

Seems a very slow reporting cycle to me which I never like to see

[bench2] 08/8/2017 07:49

Final Results are overdue : Have been announced at end of July for last 5 years . Not a good sign . I will call the company sec .

[linhur] 07/8/2017 11:16

No trading statement this quarter?
Does chart indicate £10?

[quattro44] 10/3/2017 16:12

Not any more. Too many warnings and no end in site. Most negative and shortest report yet.

[redartbmud] 07/3/2017 14:29

Just a few hundred shares traded moves the price by a fairly large number. At least, for now, it is going in the right direction.

[deadly] 07/3/2017 14:25

A spark of life?

[deadly] 10/1/2017 12:15

Oil and gas sector has been strong recently but this hasn't joined in the fun.

[redartbmud] 11/11/2016 13:49

Foundries are out of favour.
They supply the Oil&Gas sector.

Nuff said.

[phat hair] 11/11/2016 13:46

What's going on here then? Why the recent decline?

[duncan doughnut] 10/10/2016 17:29

Just in from work and checked my shares to see an RNS with what looks like a batch of director buying. Is that correct?

I've been holding a long time wating for these to rally and have them down as doing all right from the weak pound but it hasn't affected the share price yet.

[deadly] 10/10/2016 16:25

The year's high today strangely.

[rhomboid] 05/10/2016 19:05

My issue is simply that Base Salary implies a level of performance, any gravy on top needs to be a response to the competitive landscape, I cannot see that they are at risk of losing key staff , especially as many are family members, the whole thing left me feeling that I'd misjudged the company ethos & that they were less ethical than I'd hoped

[westcountryboy] 05/10/2016 18:43

Unfortunately I don't find your calculation very easy to follow, which is probably my fault.

But if I understand you correctly they have to deliver nearly 15% share price growth a year from here in order to create 8% of extra shares.

This is surely beneficial to me as a holder. I don't care whether it is also disproportionately beneficial to them, especially as they have contributed to the growth whereas I have just sat at my screen wondering when the price is going to move up again.

[skanjete2] 05/10/2016 14:59

They award themselver 8% extra new shares if they can create 8/0,05 = 160% extra TSR from 2009.

Share price 30 april 2009 : 922p
TSR at 166,09 on 30 april 2016 : 922 x 2,6609 = 2.453p
TSR for 8% extra shares : 166.09+160 = 326.09%
TSR 326,09% on 30 april 2019 : 922 x 4,2609 = 3.928,5p

TSR from 30 april 2016 to 2019 : 3928,5/ 2453 = 1,6015 = 60%

But TSR from 30 april 2016 to now is already : 2200sp + 42,35p divi = 2245,35 - 1925 = 320,35p.

So starting price x TSR on 30 april 2016 : 2453 +320,35 = 2773,35p at the moment of AGM.

TSR left to realise in order to create the 8% extra shares : 3928,5/ 2773,35 =41,65% in 2,5 years time, this is an annualised return of 14,9%/year.

Stated otherwise : if they create 7200000 x (3928,5-2773) = 83.196.000£ of value, they pocket 576.000 x 3928,5 = 22.625.000£, or about 27,2% of the value created, on top of their salary.

I invite everyone to evaluate my calculation and make remarks.

[deadly] 16/9/2016 16:41

Massive spike before close of 14% after 4000-odd shares bought.
I know these are thinly traded but that's bizarre.

[meijiman] 03/9/2016 07:45

Companies with greedy venal Directors are best avoided. I'm crossing this one of my list. Reminds me of that POS Elektron.

[coolen] 02/9/2016 22:40

If the directors who will benefit already own most of the shares, should they be voting ?

[mw8156] 02/9/2016 22:14

richard beddard iii has the Proposed LTIP as a scheme for transferring stakes in the company to the next generation but nevertheless at the expense of minority holders making 'his blood boil' see iii.

[redartbmud] 23/8/2016 06:42

If they bump up the Ltip they are less reliant on dividends so any cut would not hurt them as much.

[mw8156] 22/8/2016 21:50

yes these LTIPs are rubbish- they steal the company from the owners shareholders, give the managers perverse short-term incentives and are triggered more often by fortuitous macroeconomic circumstances rather than shrewd management; in the case of Goodwin the family already has an enormous stake in the business so should not need any further incentive and the LTIP benefits are more likely to be triggered only by a decent recovery in energy prices something over which management has no control.
Having said that, the Directors' remuneration has hitherto been remarkably good value for the other shareholder owners considering the record and size of the company.

[coolen] 21/8/2016 22:17

Have not read the article, but agree with you.

Employees, irrespective of whether they are Owners or Directors, should already be doing their very best for the company.

If not, should the Company not release them from service ?

[mw8156] 21/8/2016 20:49

having read neil Collins' column in the Ft this weekend, i'm voting against the proposed Ltip for what my minimal holding is worth