Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on GOOCH & HOUSEGO PLC. We currently have 39 research reports from 3 professional analysts.
|07Dec16 07:00||RNS||Posting of Annual Report and AGM Notice|
|29Nov16 07:00||RNS||Preliminary Results|
|05Oct16 07:00||RNS||Full Year Trading Update|
|28Sep16 15:20||RNS||Holding(s) in Company|
|09Aug16 12:54||RNS||Holding(s) in Company|
|05Aug16 10:35||RNS||Holding(s) in Company|
|11Jul16 07:00||RNS||Two acquisitions in the Aerospace & Defence sector|
Frequency of research reports
Research reports on
GOOCH & HOUSEGO PLC
GOOCH & HOUSEGO PLC
19 Dec 16
600 GROUP | ACCSYS TECHNOLOGIES | AGGREGATED MICRO POWER HLDGS PLC | ALUMASC GROUP | ANGLO-EASTERN PLANTATIONS | AVINGTRANS PLC | CAPITAL DRILLING LTD | CARCLO | FENNER PLC | FLOWTECH FLUIDPOWER PLC | GLOBAL INVACOM GROUP LTD | GOOCH & HOUSEGO PLC | HARDIDE PLC | HAYWARD TYLER GROUP PLC | IOFINA PLC | M.P.EVANS GROUP | R.E.A. HLDGS PLC | REDT ENERGY PLC | RENOLD | ROBINSON | SOMERO ENTERPRISE INC | SURFACE TRANSFORMS PLC | TRANSENSE TECHNOLOGIES PLC | TRIFAST | ZAMBEEF PRODUCTS
Results ahead of expectations, with a strong start to the current year
29 Nov 16
FY results were £0.5m ahead of our expectations, with a particularly strong final few months of trading and currency tailwind. The record order book helps underpin forecast sales growth, with production growth helped by capacity expansion. No change to forecasts, but with forecast risk on the upside we raise our target price to 1050p, giving modest upside in the shares. The company’s conservative approach to guidance, coupled with an upbeat trading outlook provides scope for further appreciation.
N+1 Singer - Gooch & Housego - Good FY16 growth, forecast to increase in FY17
29 Nov 16
Gooch & Housego reported good growth for FY16, with adjusted PBT up 10%, a little ahead of our estimates. Positive momentum has continued into FY17, supported by a record order book which was up 45% at the year end. Our headline profit forecasts are largely unchanged, although there is potential for upgrades later in the year if current FX rates are maintained and/or further M&A is announced, leveraging G&H’s strong balance sheet. We retain our Buy recommendation.
N+1 Singer - Morning Song 29-11-2016
29 Nov 16
Bagir Group (BAGR LN) Successful delivery of 1st Ethiopian orders | easyHotel (EZH LN) Reassuring finals & tenor | Eckoh (ECK LN) In line interims, US secure payments gathers pace | Ergomed (ERGO LN) PharmInvent acquisition complements PrimeVigilance | Gooch & Housego (GHH LN) Good FY16 growth, forecast to increase in FY17 | ITE Group (ITE LN) No change in trading conditions | MySale Group (MYSL LN) Positive start to year drives upgrades | Oxford BioMedica (OXB LN) Strategic alliance with Orchard Therapeutics | Vp (VP/ LN) Excellent interims, outperforming again
N+1 Singer - Gooch & Housego - FY16 trading in line with expectations
05 Oct 16
Gooch & Housego has confirmed trading for FY16 in line with expectations. The group is well-positioned for further growth in FY17, supported by strong growth in its year end order book to £52.8m (54% of our FY17 sales forecast) and by cross-selling opportunities from its recent acquisitions. Longer term prospects remain positive reflecting the group’s specialist photonics expertise, its continued focus on diversification to drive growth and improve the resilience of its portfolio, and its progress up the value chain. The shares have drifted off over the last two weeks, enabling us to reiterate our Buy recommendation.
Emerging from the clouds
16 Feb 17
Rolls-Royce’s underlying performance in FY16 was ahead of both its own and market expectations. Media focus on the non-cash £4.4bn headline FX loss is missing what looks to be the basis for optimism. As the civil model starts to move from investment in engines for the A350 and A330neo into the aftermarket delivery phase over the remainder of the decade, we think cash flow is likely to improve, particularly if supported by an eventual recovery in Marine.
15 Feb 17
At the current market capitalisation of £29m, we believe the shares are significantly undervalued. We estimate that the highly profitable Maritime business is alone worth at least £40m. With net cash of £9m at end-2016, this implies that the market is currently ascribing a combined negative value of £17m to the rest of the group, which together account for c.54% of group revenues. This is very harsh given the management actions to transform TP Group to a profit-driven Tier 2 specialist services and engineering company are bearing fruits across the divisions. TPG Managed Solutions is expected to more than double its profits in 2017, while TPG Engineering and Design & Technology are on course to deliver sustainable profits from 2019. Even if we ascribe zero value to Engineering, Design & Technology and Managed Solutions, the shares are worth 9.5p a share, a 38% upside from the current share price. BUY.
Taking the bull by the horns
15 Feb 17
Avon Rubber announced this morning that CEO Rob Rennie has left and been replaced with Paul McDonald, formerly managing director of Avon’s Dairy division. This news comes as a surprise and is likely to raise some questions over the CEO and CFO transition, with the CEO only being in post for just over a year. However, the group has appointed an executive already known to many who have followed the business, and as such should be seen as a good appointment with a track record of decisiveness and getting things done.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
Share & share alike
14 Feb 17
The rally in the last fortnight, highlighted in the table, reflects a continued flow of positive updates and economic news. The FTSE 250, Small cap and Fledgling indices have reached record highs. We are in the lull ahead of results for those companies with a December year end, a welter of economic data regarding the UK economy, the State of the Union address in the US on 28 February and the UK Budget on Wednesday 8 March. We will learn at that stage the latest forecasts from the Office of Budget Responsibility. As highlighted previously, the reaction to corporate updates will continue to set the tone.