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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Goodwin - Shares up 385p since August tip

October 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:
  • 1175p
Shares in engineering firm Goodwin have now rocketed 385p since we made them a front-page write-up at 790p two months ago. The catalyst was an outstanding set of full year results for the year to 30 April with pretax profit rising 40% to £9.8m on turnover that increased 22% to £80.6m. Our bold back of an envelope prediction for eps to soar to between 90p and 100p in the current year came true, except one year early! Eps rose 40% to 91.1p. Meanwhile, net debt of £2.1m was turned into a small net cash position.Goodwin, which makes check valves for the oil & gas and process industries and super alloy machine castings to make power stations more efficient, is continuing to enjoy strong growth in its end markets. This had fed in ...

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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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