Photonic components and systems manufacturer Gooch & Housego (GHH) has announced “profits are expected to be slightly ahead of management's previous expectations”. The trading update has helped the shares slightly higher to 1285p...but is still meaningfully down from over 1500p reached in July justified?...
Gooch & Housego (GHH), a “photonic systems, components and instrumentation for applications in the Aerospace & Defence, Industrial, Life Sciences and Scientific Research sectors” company, has made a trading update noting “improved levels of demand” and “good progress streamlining our manufacturing sites”. So potentially interesting?...
Previously writing on “photonic systems, components and instrumentation for applications in the Aerospace & Defence, Industrial, Life Sciences and Scientific Research sectors” company Gooch & Housego (GHH), last month I concluded emphasis of long-term hopes usually means nearer-term difficulties and here “industrial laser demand remains at below ‘normalised’ levels… the timing and pace of the industrial laser market recovery remains difficult to predict… There remains significant global economic uncertainty”. With a more than £265 million market cap, at this juncture my stance remains sell. The market cap is now, at 998p per share, £250 million following a further trading update...
Photonic systems, components and instrumentation for applications in the aerospace & defence, industrial and sciences sectors company Gooch & Housego (GHH) has updated including that its “manufacturing locations in the UK, USA and China are now fully open, thanks to measures that were quickly and efficiently put in place by our site teams, minimising the disruption of the COVID-19 pandemic for our customers whilst keeping our employees safe… Trading levels in June and July reflected the recovery in the company's manufacturing capacity and some of our larger customers' manufacturing sites reopening… our order book remains robust”. The shares though are still not much above levels from when I previously wrote on the company in April...
Photonic components & systems manufacturer Gooch & Housego (GHH) has updated including “areas of life sciences driving extra demand” and “in general we are now seeing improved demand from Japan, S.Korea and to an extent from China… as at 31 March 2020 our order book was at £91.7 million (31 March 2019: £93.2 million)”. The shares though remain down from more than 1400p earlier this year to below 1000p…