Goodwin Share Discussion Threads

[glaws2] 05/9/2019 08:39

Yes today ex div day - 96.21p

[luderitz] 05/9/2019 08:32

No or little movement as GDWN goes Ex Divi today, they have gone Ex Div haven't they?

[redartbmud] 04/9/2019 09:02

mw

Yes, the LTIP is an interesting conundrum.

Reading pages 27 and 28 of the accounts, for the year ended 30 April 2019, it would appear that the LTIP vested, on 1 May 2019 at 85%, so 61,200 shares are due to each of the 8 eligible directors. The vesting price is £32.38 each, for calculation purposes.
In the remuneration for each director, the sum of £1,940 millions, is included in the LTIP column.
Under the scheme rules, any director must take the value over a 5 year period, with no more than one third of the value taken in any one calendar year.

The logical move would be for them to act in concert, and take equal amounts, in each of the next 5 years. In that scenario, the company would issue 97.920 shares,per year, in each of those years.
The current share capital is 7,200,000 shares
The annual dilution, in each the 5 years, is therefore 1.36% or 97,920 shares issued pa. Presumably the timing is at the discretion of the directors.
At the end of that term, the share capital will have increased by 8%

[wilmdav] 04/9/2019 08:25

Bottomfisher

Thanks for that. I must confess I usually skip over the Risks section of annual reports.

[mw8156] 01/9/2019 13:49

everything set fair for the ordinary shareholders except for the LTIP and the prospect of the China trade in refractories being disrupted by the trade war.

[bottomfisher] 31/8/2019 14:32

Given the endless stories of doom and gloom about the impact of Brexit on Britain's manufacturing industry it is rather reassuring to see one well managed Midlands engineering company put its head above the parapet, and state that a 'no deal' Brexit will be positive for its business.

Goodwin PLC, which employs just over 1,000 people in its engineering and refractory businesses, says on page 11 of its latest annual report that it sees the impact of a 'no deal' Brexit as a positive for the Group. "Whilst we would accept that the reversion to default WTO tariff rates may impact negatively on our cost base, the Group is 70% an exporter to ultimate customers outside Europe. The weakening of Sterling, that would be likely to happen as a result, would further enhance the impact of our growing overseas companies’ profitability, and our ability to increase exports".

[kinwah] 22/8/2019 15:32

I think it is more than just Easat where the working capital has moved adversely. Inventories and trade debtors are up by £26 million with borrowings up by £13 million. No doubt there has been some Brexit stocking up ahead of the year end.

[mw8156] 22/8/2019 07:13

suspect wrangling with the auditors over the work in progress figure for EASAT was the reason the results were delayed? Otherwise have to agree this is a very strong statement.

[mw8156] 22/8/2019 07:08

reads very well save for the working cap tied up in EASAT which is ?only a relatively small part of the group. Order book is enormously enlarged and looks as though they have a unique ability to cast massive 35 ton castings and patents in nickel superalloys mentioned in previous statements.

[kneecaps2] 22/8/2019 06:15

Another amazing statement today from Goodwin surely the shares will now reach new all time highs.

[steve3sandal] 13/8/2019 12:46

1 share £37 trades probably a fat finger, 2 Share Uncrossed Trade at £37 reversing?

[luderitz] 13/8/2019 12:08

Spotted this Company by accident but having done some background research I do like the look of them.

[westofengland] 13/8/2019 10:14

Worth noting that many of the family bought shares in April 2019 and May 2019 which was the last time they could buy them ahead of these pending results.

[crazycoops] 13/8/2019 09:09

And they are so confident, they bought 1 share :-)

[alexisk] 13/8/2019 08:23

Share price at highest for 5 years. Looks like someone thinks the results to be announced on 22 August are going to be good. I hope they are right.

[wjccghcc] 30/7/2019 07:42

Financial Calendar on their website says week commencing 5/8 (TBC).

[westofengland] 26/7/2019 20:29

It's not a question of convention; it's about being good stewards of the business. On that front their record speaks for itself
. Like Kneecaps2, I am proud to be a Goodwin shareholder.

[redartbmud] 26/7/2019 20:10

Laid back or what. They don't believe in convention.

[kneecaps2] 26/7/2019 17:39

I asked their company secretary at lunchtime today. She said they had no firm date yet but said probably next week or the week after.I also expect the results to be good.

[cellars] 26/7/2019 12:06

I think so

[westofengland] 26/7/2019 09:59

I spoke to the Company on another matter ten days ago and they indicated August.

Anyhow we shall enjoy them when they are reported!

[cellars] 26/7/2019 09:38

30th on company website

[mw8156] 25/7/2019 15:54

results tomorrow?

[westofengland] 04/7/2019 14:00

My gut reaction is that the market is slightly short.

The sixth generation all bought stock in both April and May and I sense that the numbers will be very solid.

This is a very capable business.