Goodwin Share Discussion Threads

[redartbmud] 15/12/2021 07:54

Nothing shakes the unshakeable.

[cfro] 15/12/2021 07:40

It always looked likely, and i did worry, that high gas prices would impact sales at the mechanical engineering division but they now have some hedging in place which will guard against any future spikes in prices which is sensible imo.

For this division the good news is that many of the new contracts recently pursued in the military , nuclear waste and surveillance markets are still to come through.

The refractory engineering division doing much better and overall good results for the group as a whole.

[cfro] 14/12/2021 11:36

Thanks for the info shonep.
Very sad event and you cant help but feel very sorry for the family and also anyone involved. I dare say that the company will have to pay out some kind of compo but more than likely covered by public liability insurance i would guess.

[shonep] 14/12/2021 11:08

Inquest now 11Feb

[shonep] 01/12/2021 14:48

Inquest into the tragic fatality opens on 10th, No sign of any immediate prohibition notices.

[tmfmayn] 23/10/2021 17:19

Small-Cap Spotlight Report: Goodwin #GDWN


"The pivot seems to be working, not least because the latest results revealed a remarkable divisional performance of sales falling 14% but profit soaring 34%".

[mw8156] 21/10/2021 16:34

maynard paton has analysed-well worth a read.

[cockerhoop] 23/9/2021 08:47

Shonep,

I attended an investor visit to Goodwins on 8th September and the Foundry was (as far as I could see) operating normally.

GDWN certainly have sizable long term US Naval defence contracts (that have required recent expansion in Stoke) but i'd imagine the share price is being driven by the doubling or EPS between H1 & H2 of last year with the full effect of the new contracts (US Naval & Nuclear decommissioning) yet to flow into the financials.

Looks quite exciting to me over the next couple of years.

[shonep] 23/9/2021 08:23

Hard to judge GDWNs exposure to defence nuclear but im hoping this AUKUS deal is driving the recent bump and it is sustained. Also no news on the tragic accident. No news is good news? ie no prohibition notices?

[skinwalker] 22/9/2021 17:41

Bought a few more earlier this week. Goodwin looks to be on a roll. Here's hoping!

[cfro] 26/8/2021 10:10

Very sad news. As a shareholder my deepest sympathies go out to everyone involved.

Unfortunately the investigation under-way may result in a fine and compensation payments. We will have to await further news on that.

[alexisk] 11/8/2021 11:23

Wow, diluted earnings per share up 60% over previous year.
Prospects look good.

[vprt] 11/8/2021 07:48

I agree that this is good, with good visibility to further improvement. Refractory doing very well with mechanical held back a bit by losses in Easat and Castings, both of which are expected to turn profitable. 30% gross margin is OK and more comfortable.

[cfro] 11/8/2021 06:26

Only read through the results quickly but all seems rather interesting. Profits up despite revenues down and order book down. Dividend up about 20%.

These results were achieved in "challenging conditions" and three or four divisions still not "firing on all cylinders" as described by management. All look extremely excitingly set-up for future growth.

I retain a small holding and await further news in six months.

[skinwalker] 12/5/2021 19:16

Long term hold ?
You mean you bought when the share price was higher, and you're sitting on a loss ?
How long before you can get your dosh back ?

[arregius] 17/12/2020 12:49

This is a very longterm hold for me. Business is like that. Owner operator

[redartbmud] 16/12/2020 11:14

If Goodwin is a share that you buy and hold forever then the odd blip is always going to occur.
I am going back to sleep until they issue the next Rns and then the xd date.

[rp19] 16/12/2020 10:54

Thanks cfro, fair points and I don't disagree. I think for me, the question in the short/medium term is can the current share price multiple be supported whilst the lengthy (by nature of the industry) diversification process is underway. Perhaps it will as the market looks forward but, if not, others may see any fall as a buying opportunity.

[luderitz] 16/12/2020 10:42

My interest is that after research about a year ago I put Goodwin on my watch list, they are still there because as holders on here have said they will probably come back strong when the conditions have settled.

Good fortune all.

[shanklin] 16/12/2020 10:01

cfro,

You make some excellent points.

Must admit I was amazed, given the very negative tone of the RNS, the share price did not immediately drop well below £25.

[cfro] 16/12/2020 09:34

RP19,

I think you would agree that if they achieved similar eps for H2 and thus 115p for the year, that this is a "one-off" year and given the year we've all had would be a rather good result overall. As i said in my previous post, i really dont know what on earth investors were expecting here today. With profits down by only -22% and revenues even less at -11% and cashflow and future order book inline, it could have been a lot worse!

This is a high quality, well run and conservatively managed business. The management are fully aware that the Oil & Gas industry is in decline and are moving away from that into very important growth areas such as renewables. Also sectors like defense (the governments proposed spending of some £16bn) and even Nuclear will provide the company with many new opportunities going forward.

I dont know where eps and profits will be in two or three years time but you can bet they will be a lot higher than now.

[luderitz] 16/12/2020 08:43

Morning all,

Goodwin PLC - Half Year report not received well, share price down 10/11% in early dealing.

[rp19] 16/12/2020 08:36

Hi cfro - If they achieve similar EPS in H2 that would be about 115p for the year. Putting it on a P/E of around 26 at current price of £30. This appears reasonably lofty given the outlook tone although I note they are confident in their order book. Do you have any future year EPS targets?

[arregius] 16/12/2020 08:36

I was expecting a better outlook but things have slowed down. I am here longterm but shorterm hurts