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Goodwin - Order book hits new high

March 2014

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.

It's a mark of Goodwin's quality that even faced with a few hiccoughs it still made good progress, with pretax profit growing 18% to £12.4m and eps rising 24% to 131.3p for the six months to 31 October. This was achieved from a 4% increase in sales to £71m but were it not for delays on certain contracts, caused by changed order requirements and slow processing of documents for approval, Goodwin would have increased turnover 14%. Nevertheless, the company, which makes valves for the oil & gas industry and also supplies key components to make power stations more efficient, notes that the order book is at a new historical high and it should at lease maintain its profit growth rate in the second half. Aside from ...

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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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