Secondary Recommendation

Goodwin - Strong trading momentum helped by weak pound

August 2009

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.

Goodwin, which makes valves for the oil & gas and process industries, is living proof that even unglamorous firms can make superb returns for shareholders. The family run firm, which has no financial public relations, analyst coverage or forecasts out in the market, is happy for its numbers to do the talking and this is why. In the four financial years to 30 April 2008, turnover has increased from £34m to nearly £81m, while pretax profit has risen from £2.8m to £9.8m. Even better is that in spite of the worldwide economic slowdown, figures for the first nine months of the current year show pretax profit has already bettered the whole of last year, reaching almost £10m.Goodwin, which was founded ba ...

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Goodwin (February 2009)

Goodwin - Q1 pretax profit increases 21% (November 2008)

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Goodwin - Manufacturer on course to increase eps three-fold in just four years (August 2008)

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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