Updates

Goodwin - Family-run engineer eyes recovery in oil & gas markets

November 2018

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.

Fully-listed engineer Goodwin, which makes valves and castings for the oil & gas, LNG and industrial jewellery sectors, is unusual amongst quoted companies in not promoting itself (there are no broker forecasts or financial PR firms here). This is a reflection of it being family controlled but its track record would surely attract the interest of celebrated investor, Warren Buffett.Back in 2004, pretax profit and eps were £2.8m and 26.7p, respectively but in an extraordinary decade they grew to a peak of £19.6m and 264p – all self funded and with little recourse to debt. The one flaw is that it is prone to the vagaries of economic cycles and a downturn in oil & gas prices (a key market for Goodwin) caused ...

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Goodwin - Eps rises 25% to 264.4p (October 2014)

Goodwin - Order book hits new high (March 2014)

Goodwin - Engineer has grown eps 693% in 9 years (November 2013)

Goodwin - Likely beneficiary from switch out of nuclear and into coal fired power plants (April 2011)

Goodwin - Strong trading momentum helped by weak pound (August 2009)

Goodwin (February 2009)

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

Goodwin - Shares up 385p since August tip (October 2008)

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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