The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Growth Company Investor: STRONG BUY by James Crux Gooch & Housego (G&H), the specialist maker of optical components and systems, has received upgrades from analysts following an unexpected, yet very upbeat trading update. AIM-listed G&H, guided by physicist Gareth Jones, CEO, makes precision optical, crystal and optoelectronic components – the company is best known for dominating the market for Q-Switch devices – and supplies the world’s major optical and laser system manufacturers. Encouragingly, the Somerset-based concern, which reported a 62% surge in operating profits to £2.6m for the half to March, has announced an ‘increase in management’s expectations’ for both sales and profits for the year to September. Enjoying sustained recovery in core markets and new business wins in aerospace and defence, G&H says it is benefiting from recent initiatives to increase manufacturing capacity and reduce leadtimes in order to meet strong demand levels. Tellingly, the G&H order book at the end of June stood at £22.1m, 11% north of the figure at the end of March. In the wake of the pleasing missive, house broker Investec now forecasts turnover of £42.5m and £5.2m of pre-tax profit for September 2010, ahead of £46.2m sales and £6.5m PBT for 2011. Earnings per share are expected to swell from 18.1p this year to 22.2p next. Enthusiastically recommended by Growth Company Investor recently at 211.5p, shares in the strongly cash-generative G&H offer exposure to some racy earnings growth and an eventual return to the dividend list and are still well worth buying and stashing away. http://www.growthcompany.co.uk/recommendations/1269038/gooch-and-housego.thtml
looks like this might have been the driver for yesterdays rise? 29.07 0950 GMT [Dow Jones] UBS raises Rotork (ROR.LN) to buy from neutral and lifts target price to 1900p from 1400p. Says this reflects higher than expected order input and the potential upside from the introduction of the CVA range control valve actuator product. Brokerage says long-term growth seems assured, not just from end-market growth but "due to structural drivers such as increased valve automation and the use of electric actuators in process applications, which offers customers economic efficiencies." Shares +6.3% at 1484p. (ishaq.siddiqi@dowjones.com)
Up and away out of the blue this morning, "lovely" Rotork pipeline actuators in project to provide improved energy for Brazil.
Lovely chart. LONDON (Dow Jones)--Renishaw PLC (RSW.LN), a company engaged in the design, manufacture and sale of precision metrology and inspection equipment, said Wednesday that it made pretax profit of GBP27.1 million for the year ended June 30, compared with GBP4.7 million, and said it was confident of future growth.
This will perform like it's on viagra today :))
FORGERY FEARS AS BANKNOTE COMPANY SAYS PAPER IS SUBSTANDARD De La Rue , the global banknote producer, said it had discovered quality and production irregularities in the paper used to produce banknotes. The news raised fears that security of banknotes had been compromised. De La Rue said the production and shipment of the paper has been suspended while an investigation is carried out. It is unsure whether the substandard paper had ended up in circulation and how long the problem had gone undetected. News of the discovery sent the company's share price to a two-year low of 776.50 pence, down 147 pence, wiping 146 million pounds of its value.
Been watching this for a while ...... Chart looks like H&S pattern forming. "potential short candidate" ? Euromoney executive sells all his shares Fri 21 May 2010 http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=3474082
Tiger Resource Finance (TIR) has been a serial disappointer over the past few years. It is a resources-based investment company run (historically) by Bruce Rowan - an Australian trader of some note in past years. Over recent years he has rather gone off the boil and time and again failed to bank good profits whilst sitting on a mountain of cash doing absolutely nothing whilst resource stocks boomed. The shares stand @ 2.05-2.18p. The NAV is 3.35p with 2.0p in CASH. What makes it interesting now can be seen from the two recent RNSs regarding a change in the CEO and a small director purchase by the company sec - pretty small, but his first investment. A small investment might well pay off if finally the new CEO - long-term director Colin Bird of Jubilee Plats - uses this as a shell for another mining venture. Read it all on the ADVFN B/b thread: http://www.advfn.com/cmn/fbb/thread.php3?id=7723970
Hi Rob, I have traded XPP previously so it was on my watch list. I hadn't expected it to drop below 500 so bought back in and was just lucky the RNS come out just afterwards and whoosh! up she went. I saw your email on another site and if it's OK I will mail you next time I hear of any thing interesting. I'm a bit shy or some might say reserved so apart from chopsie's page don't post very much.
I came across this one this morning, some good info on the ADVFN board and chart looks good for a bounce :))
Did any one else get in on this today ....
FWIW ..... Saw a beautiful P&F chart on these the other day with 765p confirmed on both the hourly and daily.