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Gooch & Housego – profit warning (as we warned!)

By Steve Moore | Wednesday 17 August 2022


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 components and systems manufacturer Gooch & Housego (GHH), in June with the shares at 900p I concluded that ‘I suggest the company will now do well to get even close to the full-year earnings per share of last year (41p) – the prior half-year was 15.7p. With the share price still looking to demand, at least, smooth growth, I currently continue to avoid’. The shares last closed at 828p... and now a “Trading Update and Directorate Changes” announcement.

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