Gooch & Housego (GHH)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM 50

1,425.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 1,527.50p
  • 52 Week Low: 954.00p
  • Currency: UK Pounds
  • Shares Issued: 24.96m
  • Volume: 3,569
  • Market Cap: £355.68m
  • RiskGrade: 127

Gooch & Housego sets sights on strong 2019; CFO to step down

By Abigail Townsend

Date: Tuesday 27 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Gooch & Housego, the optical components specialist, said its record order book left it well-positioned for 2019 "and beyond", despite the growing macroeconomic and political risks.
G&H - which specialises in the industrial, aerospace and defence, and life sciences markets - posted an 12% jump in revenues for the year to 30 September, to £124.9m. Operating profits were ahead 16% at £18.8m, although statutory pre-tax profits were down 20% at £10.1m because of acquisition and disposal costs.

The firm said its year-end order book as at 30 September was a "record" £96.1m, a 33% increase on 2017.

Chief executive Mark Webster said: "We have been able to take advantage of generally positive market conditions and continue to execute on our long-term strategy.

"Our strong performance has enabled us to continue to invest in manufacturing capacity and research and development, as well as bringing complementary new technologies and customers into G&H through acquisitions."

He added a note of caution looking forward, with the company seeing some "recent gradual softening in demand growth for critical components in microelectronic manufacturing", although this had been offset by strong demand for fibre optics.

"We remain aware of potential macroeconomic and political risks," he continued. "Overall, G&H has a robust order book combined with greater diversification. The board remains confident that the group is well positioned to continue to deliver further progress in 2019 and beyond."

Gooch & Housego also announced on Tuesday that finance director Andy Boteler would retire next summer after more than a decade in the role. Webster said Boteler had played an "important" role in the company's success. A recruitment agency has been appointed to find his successor.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Gooch & Housego Market Data

Currency UK Pounds
Share Price 1,425.00p
Change Today 5.00p
% Change 0.35 %
52 Week High 1,527.50p
52 Week Low 954.00p
Volume 3,569
Shares Issued 24.96m
Market Cap £355.68m
RiskGrade 127

Gooch & Housego Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.8% below the market average77.8% below the market average77.8% below the market average77.8% below the market average77.8% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Price Trend
12.91% above the market average12.91% above the market average12.91% above the market average12.91% above the market average12.91% above the market average
15% below the sector average15% below the sector average15% below the sector average15% below the sector average15% below the sector average
Income
88.07% below the market average88.07% below the market average88.07% below the market average88.07% below the market average88.07% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Growth
74.98% below the market average74.98% below the market average74.98% below the market average74.98% below the market average74.98% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 1
Sell 0
Strong Sell 1
Total 3
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Gooch & Housego Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Jan-20 20-Jun-19
Paid 28-Feb-20 26-Jul-19
Amount 7.20p 4.30p

Trades for 23-Jan-2020

Time Volume / Share Price
11:57 18 @ 1,425.00p
11:29 283 @ 1,445.00p
11:22 42 @ 1,440.00p
11:22 48 @ 1,440.00p
11:22 177 @ 1,440.00p

Gooch & Housego Key Personnel

CEO Mark John Alexander Webster
CFO Chris Jewell

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