Goodwin Share Discussion Threads

[jaf111] 05/5/2023 12:44

Read the RNS!

[garbetklb] 05/5/2023 12:43

RNS re tnder offer. I'm not sure if it is really good news - remember that the Board have form from a few years back......

[arregius] 05/5/2023 12:27

What happened?

[arregius] 21/4/2023 07:12

Dividends reinvested

[arregius] 14/3/2023 13:20

I dont think gdwn investors would worry about next earning. Company is investing longterm and i love it

[yasrub] 14/3/2023 10:30

I am hoping that Goodwin would be a beneficiary, I guess there are some PIs who have a closer understanding of the company that will perhaps comment in due course.

[bottomfisher] 14/3/2023 09:48

Sheffield Forgemasters was mentioned on the news this morning as a beneficiary of the UK/Australia plan to build a new fleet of nuclear submarines to counter China's growing naval might in the Pacific. Any thoughts on whether Goodwin could also be a beneficiary?

[epistrophy] 11/3/2023 19:29

Since 2019, apparently


He does like family-run companies.

[yasrub] 08/3/2023 19:11

It would appear Lord Lee has a holding, do not think historically a holder.

[rmrilke79] 01/3/2023 20:44

Do holders have an expectation for current-year revenue and operating profit by segment?

[cockerhoop] 22/1/2023 17:06

Striking that between 3rd August and 20th December last year the workload (which I believe is work to be completed in the following 24 months) had risen from £175m to £242m. All of which will have been in the Mech Eng Division.

[c3479z] 21/1/2023 15:25

Rhomboid1 tweets an article in the Sentinel, Stoke about the heartwarming story of local boy made good, Steve Birks, who joined in 1972 aged 16 as a novice shop floor worker and subsequently rose to the Boardroom and still going strong at the company after 50 years' service.

Richard Beddard has it as one of his value income stocks for the year- 'patience required'.


would have thought have to watch the working capital position after heavy investment and hence some debt

[jaf111] 06/1/2023 09:44

Nice move up today….has it been tipped by IC????

[alexisk] 20/12/2022 11:02

Hardly a fully-fledged profit warning I would suggest -- they are just saying that profits are going to rise moderately, rather than substantially, this year.

I suppose it would depend on what the markets were expecting. The share price has dropped only a little this morning, so I would think that a moderate, rather than substantial, profit increase is what was already expected.

As a shareholder, I woud be very happy with a moderate increase in the current climate this year.

[zoolook] 20/12/2022 10:43

A chaotically worded report.

“ This uncertainty is resulting in certain industry sectors hesitating in proceeding boldly with their planned investment projects. For this reason we expect the pre-tax profits in the second half of this financial year to be similar to the first half which would result in a modest increase in annual pre-tax profit rather than a substantial increase”

So I guess that’s a profit warning then

[c3479z] 15/12/2022 11:06

'rhomboid 1' posted on twitter info from Goodwin Steel Castings about their SDSS steel castings, all beyond my comprehension but seems to be a more high-tech steel resistant over a wider temperature range.

[c3479z] 14/12/2022 16:05

results due shortly...interesting to hear what their order book looks like and how they're coping with energy costs.

[cockerhoop] 07/8/2022 12:59

vprt,

Good summary - I suspect the increase in US revenue is primarily from US Naval contracts rather than X-Sil though. I believe substantive growth in X-Sil is still to come.

Agree the patent application for Duvelco is interesting. I was under the impression that it was originally envisaged as a clone product to a patent expired polymer that was very complex to produce so had no competition even without patent protection.

[vprt] 07/8/2022 11:53

Agreed cfro - good results, excellent outlook for the current year, and aggressive capex on several fronts (casting capacity, refractory capacity, Duvelco and energy/solar) bode well for the short, medium and long term future.

Refractories firing on all cylinders; I noted extremely rapid AVD (lithium battery fire suppression) growth and also very strong growth in the US which I suspect is from X-Sil. Castaldo (acquired) also seems to have done well but not sure if the high growth rate is fair/LFL as it was acquired relatively recently.

Mechanical still held back a bit but with big potential to IMHO exceed Refractory's profits when those big volume orders finally(!) come through as deliveries over the next couple of years, and lossmaking subs (Steel Castings, EASAT) earn big profits once again. I note the almost biblical reference to 7 very difficult years, and what seems to be a clear ambition to exceed past highs (2013/14). We've been waiting a while for the jam here, but the time now seems to have come...

Duvelco will take some time both in terms of factory build and market penetration, but if the process patent is granted and the performance indeed is market-beating then we're probably looking at a third leg for the group with massive potential. (BTW, I expect higher gross margins than the rest of the group based on my simple market DD)

Very happy to hold.

[cfro] 07/8/2022 08:53

Not a single post here post results nor since Feb...


I must admit i was expecting a mild profit warning here given macro events (even though they have hedging in place) but, quite the opposite, actually these results are really very good.

Most of the profitability being led by the refractory division but fantastic news that the mechanical division is now on its way back up and is forecast to far exceed previous heights of profitability.

Even Goodwin Steel seeing record profits. Interesting news on a brand new division (Duvelco) being set-up to venture into the specialist polymer area. Easat looks v promising too for the future.

Dividends to now be paid bi-annually, which, imo, should have always been this way.

[km18] 18/2/2022 13:31

...from last year...

Company overview:
Goodwin is a provider of high quality designed and manufactured products for numerous sectors. The company operates through 2 divisions: Mechanical engineering and Refractory engineering. The former supplying in-house designed and manufactured metallic, composite and electronic products. The Refractory’s focus is  mineral based products and processed minerals. Company’s products can be found in a wide variety of sectors, such as Aerospace, automotive, construction, defence, fire protection etc. The group benefits from a fine balance of well-diversified product line and deep understanding of each individual business. Goodwin follows  mixed strategy of innovation in design and cost reduction.
Latest trading update for the 12-month period ending in April looks positive, with a big result for H2 PBT of £10.7m, vs the H1 figure of £5.8m. Now we should consider the fact that ending period results could present mirky details, cause by reconciliations. Shareholders will be happy to hear that management has proposed an increase dividend of 102.24p, a 25% increase from the last one. Simplifying the statements, below we can see good profit margin channelling a healthy increase in diluted EPS of 59%, at 164.2p. P/E is, therefore, reduced from the sky highs of 30 last year, to a modest 18. Consistent dividend pay-out is another factor playing in favour of the stock, with the last 3 years divis substantially higher than normal. Cash flow important information consists of dividends easily covered by FCF, making them sustainable, and expectations for lower CapEx in future periods, as this year company invested in building a new facility....from WealthOracleAM

[mw8156] 15/12/2021 10:59

somewhat disappointing, engineering contracts expected but not yet in the bag - looks to me as though there is a delay from red tape in the US Dept of Defense or due to Covid, energy costs too high, looks as if they are going to have to erect wind turbines or solar roofing tiles at their sites, after Hoben's example,
should have referred to the fatality but no reference in the text on a quick scan.