Gooch & Housego (GHH)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM 50

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1,015.50p
   
  • Change Today:
    -14.50p
  • 52 Week High: 1,880.00p
  • 52 Week Low: 954.00p
  • Currency: UK Pounds
  • Shares Issued: 24.96m
  • Volume: 15,959
  • Market Cap: £253.47m
  • RiskGrade: 263
  • Beta: 0.02

Gooch & Housego shares tumble as trade war weighs on orders

By Iain Gilbert

Date: Tuesday 04 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Optical components manufacturer Gooch & Housego warned on Tuesday that full-year profits would slide in 2019 after America's trade dispute with China weighed on demand for industrial lasers.
Gooch & Housego saw laser orders increase in the second half of its trading year but it told investors it was assuming its industrial laser business "will not return to 'normal' levels in FY 2019".

The AIM-listed group expects to only fill "known/high-certainty orders" until some sort of resolution to the trade dispute between the world's two largest economies can be reached.

Although G&H reported a 7.4% rise in half-year revenues to £59.7m, adjusted pre-tax profits fell 22.8% to £5.4m on the back of decreased micro-electronics volumes, delays in aerospace and defence contracts and increased levels of investment into expanding capacity to meet heightened demand for undersea telecommunications products.

G&H also noted that its non-industrial laser business was said to have traded in line with previous expectations, with fibre optics "strong in general".

Despite the mixed performance, G&H remained confident of the six months ahead of it, raising its interim dividend to 4.3p compared to 4.2p a year earlier.

Chief executive Mark Webster said: "We remain confident in the potential of the industrial laser sector and our other markets to provide attractive long term growth."

As of 1015 BST, G&H shares had tumbled 24.07% to 1,025p.

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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 1,015.50p
Change Today -14.50p
% Change -1.41 %
52 Week High 1,880.00p
52 Week Low 954.00p
Volume 15,959
Shares Issued 24.96m
Market Cap £253.47m
Beta 0.02
RiskGrade 263

Gooch & Housego Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.3% below the market average87.3% below the market average87.3% below the market average87.3% below the market average87.3% below the market average
85% below the sector average85% below the sector average85% below the sector average85% below the sector average85% below the sector average
Price Trend
59.18% below the market average59.18% below the market average59.18% below the market average59.18% below the market average59.18% below the market average
41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average
Income
82.47% below the market average82.47% below the market average82.47% below the market average82.47% below the market average82.47% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Growth
2.15% above the market average2.15% above the market average2.15% above the market average2.15% above the market average2.15% above the market average
17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 1
Total 2
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
  Interim Final
Ex-Div 20-Jun-19 24-Jan-19
Paid 26-Jul-19 01-Mar-19
Amount 4.30p 7.10p

Trades for 23-Aug-2019

Time Volume / Share Price
16:26 28 @ 1,030.00p
16:23 145 @ 997.70p
16:20 2 @ 1,030.00p
16:14 115 @ 996.95p
16:11 500 @ 1,010.25p

Gooch & Housego Key Personnel

CEO Mark John Alexander Webster
COO Alex Warnock

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