The dust is starting to settle following the mid-August profit warning. Gooch has a record order book but has struggled to fulfil orders due to shortages of skilled employees and supply chain constraints. We cut our estimates in line with new guidance; FY22e PBT falls by 28% to £8m. Our valuation is cut to 900p from 1,150p. Despite near-term headwinds, the outlook is a bit brighter. Order flow is strong across all industry verticals, and recruitment and supply chain pressures have steadied. The ....
13 Sep 2022
Gooch & Housego plc (GHH LN) - One for the watchlist
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Gooch & Housego plc (GHH LN) - One for the watchlist
Gooch & Housego PLC (GHH:LON) | 569 79.7 2.6% | Mkt Cap: 146.7m
- Published:
13 Sep 2022 -
Author:
Robin Byde -
Pages:
10
The dust is starting to settle following the mid-August profit warning. Gooch has a record order book but has struggled to fulfil orders due to shortages of skilled employees and supply chain constraints. We cut our estimates in line with new guidance; FY22e PBT falls by 28% to £8m. Our valuation is cut to 900p from 1,150p. Despite near-term headwinds, the outlook is a bit brighter. Order flow is strong across all industry verticals, and recruitment and supply chain pressures have steadied. The ....