Updates

Goodwin - Eps rises 25% to 264.4p

October 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.

Engineer Goodwin is part of that rare breed of family-run firms that prefer to let their results do the talking rather than using any financial PR firm and figures for the year to 30 April show just why. Pretax profit and eps increased 19% and 25% respectively to Â£24.1m and 264.4p, helped by a lower tax charge. Remarkably, that means pretax profit has grown 760% and eps 890% in the past ten years!Mechanical engineering, which makes dual plate check valves for the oil & gas industry to prevent backflow of fluids and also supplies super alloy castings to help advanced coal-fired power plants generate power more efficiently, increased profits 2% to Â£19.3m. The slow-down was caused by oil & gas firms cutting capital expendit ...

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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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