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 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 1,425.00p
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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