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Gooch & Housego – “trading levels in the latter part of the financial year reflected… recovery”, BUT...

By Steve Moore | Tuesday 6 October 2020

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Previously writing on “photonic systems, components and instrumentation for applications in the Aerospace & Defence, Industrial, Life Sciences and Scientific Research sectors” company Gooch & Housego (GHH), last month I concluded emphasis of long-term hopes usually means nearer-term difficulties and here “industrial laser demand remains at below ‘normalised’ levels… the timing and pace of the industrial laser market recovery remains difficult to predict… There remains significant global economic uncertainty”. With a more than £265 million market cap, at this juncture my stance remains sell. The market cap is now, at 998p per share, £250 million following a further trading update…

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