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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Goodwin - Q1 pretax profit increases 21%

November 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.

  • Epic Code:
  • GDWN
  • Price:
  • 838p
First quarter results from Goodwin have confirmed that its strong trading momentum has continued. The firm, which makes check valves for the oil & gas industry as well as machine castings to make power stations more efficient, saw Q1 pretax profit increase 21% to £2.45m over the same period in 2007 on turnover that rose 24% to £21.9m.  Chairman John Goodwin also noted that the group's order book remains buoyant while there is an opportunity to achieve an improvement in performance over last year.  With Goodwin's end markets remaining buoyant the shares look set to make further headway. Continue to hold. ...

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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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