Primary Recommendation

Goodwin - Manufacturer on course to increase eps three-fold in just four years

August 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

For a manufacturing company, Goodwin has a growth record that most others can only dream about with its pretax profit soaring from Â£2.8m to Â£7m in the three years to 30 April 2007. The company, a leading maker of valves for the oil & gas and process industries, is fully taking advantage of a market that is nicely on the boil on the back of record energy prices. However what really confirms Goodwin as a genuine growth stock is that it has another business, involved in supplying key components to make power stations more efficient, which is also doing well thanks to huge demand from China. Confirmation that Goodwinâ€™s proud record will continue came from its trading update in March, which revealed that pretax profit for the f ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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