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Gooch & Housego Information
Share Price Information for Gooch & Housego (GHH)
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Share Price:
546.00
Bid:
526.00
Ask:
538.00
Change:
16.00 (3.02%)
Spread:
12.00 (2.281%)
Open:
540.00
High:
546.00
Low:
526.00
Prev. Close:
530.00
Last checked at -
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Don't have an account? Click here to register.Gooch & Housego confirms two aerospace and defence acquisitions
Mon, 11th Jul 2016 14:02
(ShareCast News) - Optical components and systems manufacturer Gooch & Housego announced on Monday that it has completed two acquisitions, expanding its presence in the aerospace and defence sectors.The AIM-traded company confirmed the two acquisitions as Kent Periscopes - a UK-based specialist supplier of periscopes, vehicle sights and related equipment for land-based armoured fighting vehicles - and Alfalight - a Wisconsin-based designer and manufacturer of high-reliability, laser-based electro-optic systems for defence and security.G&H said the acquisition of Kent is in line with its strategic objectives of moving up the value chain, and further diversification in the aerospace and defence sector.The consideration payable by G&H will be up to £9.5m, net of cash remaining in the business, comprising of £7m initial cash consideration funded from existing cash and existing facilities, and a deferred contingent consideration of £2.5m payable in cash and a small number of shares.Payment of the contingent consideration will be based upon the performance of the business over the next two years.G&H also confirmed the consideration paid for Alfalight was $1.3m cash, funded from existing cash and debt facilities at completion."These acquisitions meet our strategic aims of moving up the value chain and diversification through increasing our footprint in the aerospace and defence sector," said Gooch & Housego chief executive officer Mark Webster."Kent is a well established business with an impressive list of international blue chip customers."We believe that G&H will enable this business to fulfil its true potential through leveraging our greater global reach and our complementary technological capabilities," Webster said.He added that Alfalight's expertise in diode lasers in the US defence sector is an "excellent fit" for the company's Boston business, and will enable it to establish a critical mass in this marketplace."We are very much looking forward to working with the management, staff and customers of both companies."
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10 Dec 2014 15:33
Gooch & Housego chief executive sells 0.5m shares
Gareth Jones, chief executive at Gooch & Housego, has pocketed £342,500 after selling 0.5m shares at 685p each at the fibre optic company. Jones, who now holds 0.45m shares, said last week in the group's full year report that it suffered "considerable foreign exchange headwinds". However, Gooch & H
Read more7 Oct 2014 09:45
Tuesday broker round-up UPDATE
African Minerals: Canaccord Genuity lowers target price from 20p to 15p with a hold recommendation. Aggreko: Exane initiates with a target price of 1500p and an underperform rating. Amec: Liberum Capital cuts target price from 1035p to 908p staying with its sell recommendation. Antofagasta: Canacc
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4 Aug 2014 08:18
10 Jun 2014 10:42
Gooch & Housego Half-Year Profit Boosted By Revenues; Raises Dividend
LONDON (Alliance News) - Gooch & Housego PLC Tuesday reported an increase in both profits and revenues for the first-half of its financial year, driven by a strong performance from its aerospace & defence and industrial divisions, as well as a boost from recent acquisitions. The company rai
Read more10 Jun 2014 09:45
Tuesday broker round-up UPDATE
ASOS: Goldman Sachs reduces target price from 6250p to 5750p, while upgrading to strong buy. Avon Rubber: Investec lowers target price from 690p to 680p and downgrades from buy to add. BAE Systems: Investec downgrades from add to hold with a target price of 430p. BG Group: Exane downgrades to neu
Read more10 Jun 2014 07:45
Gooch & Housego profits rise despite challenging markets
- Half-year growth in difficult markets - Strong Aerospace & Defence and Industrial divisions - Confident of long-term growth Optical components maker Gooch & Housego said it delivered profitable growth and improving margins in less than buoyant market conditions. Adjusted pre-tax profit rose to £
Read more10 Jun 2014 07:39
Higher aerospace, defence demand drives Gooch & Housego's profit
* First-half adjusted pretax profit rises 34 pct * First-half turnover up 18.6 pct * Co raises interim dividend to 2.3 p/shr June 10 (Reuters) - Fibre-optic devices maker Gooch & Housego Plc on Tuesday reported a 34 percent jump in first-half profit, helped by an uptick in deman
Read more29 Apr 2014 11:21
Gooch & Housego COO Terry Scribbins To Retire
LONDON (Alliance News) - Gooch & Housego PLC Tuesday said Chief Operating Officer Terry Scribbins is retiring from company, with effect from the end of May. The manufacturer of optical components and systems said that is has been engaged in succession plans to replace Scribbins for several
Read more16 Apr 2014 13:43
Gooch & Housego receives government grant
Optical components maker Gooch & Housego has secured a grant from the UK government's Regional Growth Fund to further develop its Systems Technology Group (STG). The AIM-listed company, which was one of 37 businesses to be selected through a competitive process from 133 applications, has been grant
Read more16 Apr 2014 10:54
Gooch & Housego Secures Investment From UK Government
LONDON (Alliance News) - Gooch & Housego PLC Wednesday said that it has secured a GBP800,000 investment from the UK government's Regional Growth Fund, which it will use to invest in its business unit, Systems Technology Group. Gooch & Housego founded Systems Technology Group early last year
Read more8 Apr 2014 09:18
Tuesday broker round-up UPDATE
API Group: Numis lowers target price from 90p to 84p, while upgrading from add to buy. Cranswick: Investec increases target price from 1315p to 1390p retaining its buy recommendation. Daisy Group: FinnCap moves target price from 175p to 185p and retains a hold recommendation. DP World: Nomura rai
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