Goodwin Share Discussion Threads

[arregius] 22/6/2020 08:10

I wonder if the fridays move has a link. Id not like thst leaky stuff here

[jaf111] 22/6/2020 07:47

Excellent news this morning....
Friday's "shrewd" buying well justified me thinks!!!

[westofengland] 08/6/2020 10:04

It is a great company- good to see people getting on with looking after their customers, team and shareholders rather than just talking about it.

[deadly] 08/6/2020 08:42

Great to see they're doing well in this environment and 14% rise so far today. A great company.

"... its UK companies have remained open for business since the start of the pandemic,

The overseas operations ... remaining operational. There are currently no Goodwin Group companies closed for business."

Suet, I remember The Place and still support Stoke City (for my sins). Still miss the oatcakes and smuggle some in when I can.

[jaf111] 08/6/2020 08:02

excellent update this morning.....

[norbert colon] 09/5/2020 14:15

I'm hoping they make one sometime this month alongside a trading statement. Shareholders should be advised of Covid 19 impact especially given the Group's varied international operations.

[jimtech] 09/5/2020 14:11

No official news RE impact of COVID-19 yet. Family run companies often don't make announcements unless absolutely necessary.

[skeptic1] 23/4/2020 10:53

All, I am slightly concerned why we haven't had any company updates re: impact of coronavirus. Have I missed something? Should I be concerned?

[westofengland] 17/4/2020 10:47

I can't speak from any knowledge of price yet I am a long term shareholder and visited Stoke on Trent to have a look around. Very impressive, sensible people. I am confident they will do their best in the current challenging environment which ultimately is all we can ask.

[deadly] 14/4/2020 19:28

Up 10% today despite the oil price going nowhere. Would have been a good buy at 1900. I'm from Newcastle-U-Lyme so also want them to do well.

[suetballs] 27/3/2020 11:56

Coming from Stoke-on-Trent these have been on my radar for a long while.
At this price I am tempted.
Suet

[skinwalker] 13/1/2020 21:15

The pertinent question is not "not all bets will pay off" but 'will any of these bets pay off?'
The times they are a'changin.
Is there a future for oil and gas exploration ?

[kinwah] 20/12/2019 10:16

Skanjete, it is important to have a decent spread of bets in the oil and gas sector as not all bets will pay off. However the dramatic winners should outweigh the losses. I hold CHAR, I3E, IOG, HUR, CLNR, ENQ and RRE all paid for from the profits made in SQZ. But just to stress these are trading stocks and I will trade out the positions into strength on drilling or farm-in success. These stocks can be extremely volatile so you have to buy near their lowpoints and sell when others are getting excited. This type of investing is almost diametrically opposite from holding GDWN for 20 years which I did before. But please do your own research and don't invest more than you can afford to lose.

[skanjete2] 19/12/2019 19:12

Hi Kinwah,

Do you have any suggestions to look at in the oil & gas sector?

Thanks!

[kinwah] 19/12/2019 09:50

3800, I am not too keen on building back my position but I'd look at it again around £22 or so. My last purchase was a couple of years ago at £17 and I exited totally earlier this year at around £32 average. GDWN is a quality company but I don't see a driver for substantial outperformance. In addition there are too many trading opportunities in the oil sector for me to tie money up in a family engineering company like GDWN.

[3800] 19/12/2019 09:30

Remember the company was being run flat out in the last financial year to hit targets for the Directors' LTIP so it isn't surprising that is now pausing for breath.
Probably very true Kinwah, What price would you consider buying in?

[kinwah] 19/12/2019 08:51

Interims will disappoint shareholders. The shares have rerated over the last 3 years and don't merit a PER of over 20. Remember the company was being run flat out in the last financial year to hit targets for the Directors' LTIP so it isn't surprising that it is now pausing for breath. Long term it's probably ok but it's not going to perform for a while.

[norbert colon] 10/12/2019 11:32

Yep agreed and if we can get ROCE and ROE back up to 20% levels it will demonstrate the quality of the earnings post all the recent Capex and bring in further interest.

[jaf111] 10/12/2019 11:12

looking forward to the interims due in the next few days (18 Dec last year).....should be excellent on the back of surging order book........

[skinwalker] 18/11/2019 23:19

Dipped my toe in here. Hopefully not the kiss of death!

[kinwah] 13/9/2019 12:18

My back of the envelope calculation suggests that if they had used the true closing price of £31 as per the disclosed terms of the LTIP then the TSR would have been about 325% which would have resulted in 75% awards rather than the 85% they have given themselves which is worth about £1.9 million in total. Maybe not a lot of money in the scheme of things but it highlights the fundamental flaws in the LTIP scheme that if the board don't like the outcome then they can change it to suit themselves.

[redartbmud] 13/9/2019 11:21

Kinwah

I did spot that. There was definitely a 'massage' to boost the return. It wasn't difficult to justify to the auditors.
They have operated a policy of buy, and hold, additional shares for several years.
As they act together, or in small groups, it is effectively a concert party. The free float is small, and a small number of shares traded consequently has a big impact on the share price.
Doubling the dividend was also a brilliant move, in the run up to the vesting date!!

Unfortunately, the LTIP deal wasn't good for shareholders, and they know that it had to be a 'one off'. The market wasn't happy with it, but they pulled it off. They are unlikely to get away with it again, for at least the next years, but ever say never, after that time has elapsed.

I doubt that anyone will have the courage to ask that question at the AGM.
Most of the attendees are former employees and locals. I bet most bought lots of shares, many years ago, at very modest prices, and have held ever since. it is possible that the current annual dividend exceeds their purchase cost.

red

[kinwah] 13/9/2019 11:03

Red, have you noticed that the board didn't like the closing price on 30th April 2019 of £31.00 despite the directors' purchases on the day to try and push the price higher. Instead the directors have used an average price of £31.70 to give themselves a substantial extra wad of shares. It's all in the first para on Page 29 of the Report and Accounts. I wonder if anyone will ask them about this at the AGM?