Buy Or Sell Opportunity • May 21
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to €11.00. The fair value is estimated to be €8.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings are also forecast to grow by 36% per annum over the same time period. Annonce • Apr 10
Gooch & Housego PLC to Report First Half, 2026 Results on Jun 02, 2026 Gooch & Housego PLC announced that they will report first half, 2026 results on Jun 02, 2026 Annonce • Feb 28
Gooch & Housego plc Approves Final Dividend for the Financial Year Ended 30 September 2025 Gooch & Housego PLC at its AGM held on 27 February 2026 approved final dividend, as recommended by the Directors, of 8.3 pence per ordinary share for the financial year ended 30 September 2025. Annonce • Feb 04
Gooch & Housego plc Announces Appointment of James Corte as Executive Director, Effective April 9, 2026 Gooch & Housego PLC announced that further to the announcement of December 12, 2025, James Corte will join the Company as Chief Financial Officer and Executive Director with effect from April 9, 2026. Annonce • Dec 13
Gooch & Housego plc Appoints James Corte as Chief Financial Officer Gooch & Housego PLC announced the appointment of James Corte, an experienced finance executive with a track record in the defence, industrial and telecoms sectors, as Chief Financial Officer. From 2015 to 2023, James held senior finance roles at Meggitt, the former FTSE-100 aerospace and defence company, where he became a divisional CFO with financial responsibility for manufacturing sites in the UK, Europe, the US and Asia. He also worked closely with the company's investor relations team. James joins Gooch & Housego from the privately held Czech energy group EPH, where he became CFO of its UK subsidiary EP UK Investments Ltd. in 2023. In this role, he leads the finance function of a diverse group of energy assets across the UK and Ireland with a turnover of approximately £2 billion. James qualified as an accountant with PricewaterhouseCoopers before moving into industry in 2003. Much of his early career was in the telecoms sector, working at Vodafone Group for nine years and also at Arqiva Limited. His starting date at the Company, which will be during the first half of 2026, will be confirmed in due course. In accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies, James Roger Corte, age 49 years, has held the following directorships in the past five years: Current Directorships: EP Eggborough Limited; Directorships held in the past five years: Chestnut Accounting Services Ltd. Annonce • Dec 03
Gooch & Housego PLC, Annual General Meeting, Feb 27, 2026 Gooch & Housego PLC, Annual General Meeting, Feb 27, 2026. Annonce • Oct 07
Gooch & Housego PLC to Report Fiscal Year 2025 Results on Dec 02, 2025 Gooch & Housego PLC announced that they will report fiscal year 2025 results on Dec 02, 2025 Annonce • Jun 18
Gooch & Housego PLC (AIM:GHH) completed the acquisition of Global Photonics from Meopta-optika, s.r.o. Gooch & Housego PLC (AIM:GHH) agreed to acquire Global Photonics from Meopta-optika, s.r.o. for $17.5 million on May 14, 2025. Gooch & Housego PLC will pay a total consideration of $17.5 million for Global Photonics on a debt/cash free basis, comprises as $8.75 million in cash from existing resources and $8.75 million in new Gooch & Housego shares, with the share amount based on the market price in the ten days before completion.
For the period ending December 31, 2024, Global Photonics reported total revenue of $11.1 million and EBITDA of $1.8 million. As of December 31, 2024, Global Photonics reported total assets of $4.1 million.
Completion of the acquisition is expected in the coming few weeks subject to customary closing conditions.
Gooch & Housego PLC (AIM:GHH) completed the acquisition of Global Photonics from Meopta-optika, s.r.o. on June 18, 2025. As part of the consideration for the acquisition, Gooch & Housego PLC has issued 1,328,636 new ordinary shares of 20 pence each in the capital of Gooch & Housego PLC. and will issue a further 84,477 ordinary shares as the final consideration payment on or around 8 October 2025. Annonce • May 14
Gooch & Housego PLC (AIM:GHH) agreed to acquire Global Photonics from Meopta-optika, s.r.o. for $17.5 million. Gooch & Housego PLC (AIM:GHH) agreed to acquire Global Photonics from Meopta-optika, s.r.o. for $17.5 million on May 14, 2025. Gooch & Housego PLC will pay a total consideration of $17.5 million for Global Photonics on a debt/cash free basis, comprises as $8.75 million in cash from existing resources and $8.75 million in new Gooch & Housego shares, with the share amount based on the market price in the ten days before completion.
For the period ending December 31, 2024, Global Photonics reported total revenue of $11.1 million and EBITDA of $1.8 million. As of December 31, 2024, Global Photonics reported total assets of $4.1 million.
Completion of the acquisition is expected in the coming few weeks subject to customary closing conditions. Annonce • Apr 08
Gooch & Housego PLC to Report First Half, 2025 Results on Jun 03, 2025 Gooch & Housego PLC announced that they will report first half, 2025 results on Jun 03, 2025 Annonce • Feb 26
Gooch & Housego PLC Approves Dividend for the Financial Year Ended 30 September 2024 Gooch & Housego PLC announced at the AGM held on February 24, 2025, approved to declared a final dividend, as recommended by the Directors, of 8.3 pence per ordinary share for the financial year ended 30 September 2024. Annonce • Dec 06
Gooch & Housego PLC, Annual General Meeting, Feb 24, 2025 Gooch & Housego PLC, Annual General Meeting, Feb 24, 2025. Annonce • Oct 30
Gooch & Housego PLC (AIM:GHH) acquired Phoenix Optical Technologies Limited. Gooch & Housego PLC (AIM:GHH) acquired Phoenix Optical Technologies Limited for up to £6.75 million on October 30, 2024. Phoenix Optical has reported revenue of £6.6 million and EBITDA of £0.4 million for financial year ended June 30, 2024.
Gooch & Housego PLC (AIM:GHH) completed the acquisition of Phoenix Optical Technologies Limited on October 30, 2024. Annonce • Oct 08
Gooch & Housego PLC Provides Revenue Guidance for the Financial Year Ended 30 September 2024 Gooch & Housego PLC announced that due to the stronger trading performance in the second half the Board expects the Group to deliver full year revenue for the financial year ended 30 September 2024 in line with current market expectations. New Risk • Aug 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (259% payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Annonce • Aug 15
Gooch & Housego PLC to Report Fiscal Year 2024 Results on Dec 03, 2024 Gooch & Housego PLC announced that they will report fiscal year 2024 results on Dec 03, 2024 New Risk • Jun 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (259% payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Declared Dividend • Jun 06
Final dividend of UK£0.049 announced Shareholders will receive a dividend of UK£0.049. Ex-date: 20th June 2024 Payment date: 26th July 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 108% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jun 06
Gooch & Housego PLC Declares an Interim Dividend for the Half Year Ended March 31, 2024, Payable on July 26, 2024 The board of directors of Gooch & Housego PLC declared an interim dividend of 4.9 pence per share for the half year ended March 31, 2024 compared to 4.8 pence per share a year ago. This dividend will be payable to shareholders on the register as at 21 June 2024 on 26 July 2024. Annonce • May 31
Gooch & Housego plc Announces Board Changes Gooch & Housego PLC announced that Non-Executive Director Brian Phillipson will retire on 30 September 2024 having completed his nine year tenure on the Board. Louise Evans has been appointed as Senior Independent Director with effect from 1 June 2024 and Susan Searle has now taken over the role of Chair of the Remuneration Committee. Annonce • Apr 06
Gooch & Housego PLC to Report First Half, 2024 Results on Jun 04, 2024 Gooch & Housego PLC announced that they will report first half, 2024 results on Jun 04, 2024 Annonce • Apr 04
Gooch & Housego PLC Provides Revenue Guidance for the Six Months Ended 31 March 2024 and Full Year 2024 Gooch & Housego PLC provided revenue guidance for the six months ended 31 March 2024, For the six months, the company's Revenue for the six month period is expected to be circa £67.5 million (31 March 2023: £71.3 million) supported by the two acquisitions completed in the previous financial year.The company expects trading for the full year to be in line with management's previous expectations. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €5.75, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Electronic industry in Germany. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.58 per share. Buy Or Sell Opportunity • Jan 31
Now 20% undervalued Over the last 90 days, the stock has risen 25% to €6.90. The fair value is estimated to be €8.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 31% per annum over the same time period. Reported Earnings • Jan 18
Full year 2023 earnings released: EPS: UK£0.16 (vs UK£0.08 loss in FY 2022) Full year 2023 results: EPS: UK£0.16 (up from UK£0.08 loss in FY 2022). Revenue: UK£148.5m (up 19% from FY 2022). Net income: UK£4.05m (up UK£6.06m from FY 2022). Profit margin: 2.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jan 11
Upcoming dividend of UK£0.082 per share at 2.2% yield Eligible shareholders must have bought the stock before 18 January 2024. Payment date: 23 February 2024. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.5%). Reported Earnings • Dec 06
Full year 2023 earnings released: EPS: UK£0.16 (vs UK£0.08 loss in FY 2022) Full year 2023 results: EPS: UK£0.16 (up from UK£0.08 loss in FY 2022). Revenue: UK£148.5m (up 19% from FY 2022). Net income: UK£4.05m (up UK£6.06m from FY 2022). Profit margin: 2.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Annonce • Oct 05
Gooch & Housego PLC to Report Q4, 2023 Results on Dec 05, 2023 Gooch & Housego PLC announced that they will report Q4, 2023 results on Dec 05, 2023 New Risk • Jul 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Annonce • Jul 21
Gooch & Housego PLC (AIM : GHH) agreed to acquire Artemis Optical Limited for £8.9 million. Gooch & Housego PLC (AIM : GHH) agreed to acquire Artemis Optical Limited for £8.9 million on July 19, 2023. The total consideration payable for Artemis by G&H is up to £8.9 million. This comprises an initial cash consideration of £4.5 million, funded from existing resources, together with £2.4 million of new G&H ordinary shares to be satisfied by the issue of 412,088 new G&H ordinary shares. There is a deferred contingent cash consideration of up to £2.0 million, payable based upon Artemis' performance in the two years ending July 31, 2025. The acquisition is expected to complete on July 21, 2023. As at the end of June 2023 Artemis had gross assets of £3 million. Annonce • Jun 22
Gooch & Housego PLC (AIM:GHH) acquired GS Plastic Optics for $15.7 million. Gooch & Housego PLC (AIM:GHH) acquired GS Plastic Optics for $15.7 million on June 20, 2023. The total consideration payable for GS Optics by G&H is up to $15.7 million. This comprises an initial cash consideration of $11.3 million, funded from existing resources, together with $2.6 million of new G&H ordinary shares. There is also deferred contingent cash consideration of up to $1.8 million, payable based upon the GS Optics' performance in the year ending 31 December 2023. In its financial year ended 31 December 2022 the revenue of GS Optics was $10 million and adjusted EBITDA was $1.5 million. As at the end of May 2023 GS Optics had gross assets of $5 million. The acquisition is expected to be marginally earnings enhancing in the first full financial year of G&H's ownership. Christopher Baird and David Anderson of Investec Bank plc acted as financial advisor to Gooch & Housego PLC. Mark Court of Buchanan Communications Ltd. acted as financial advisor to Gooch & Housego PLC.
Gooch & Housego PLC (AIM:GHH) completed the acquisition of GS Plastic Optics on June 20, 2023. Upcoming Dividend • Jun 15
Upcoming dividend of UK£0.048 per share at 2.0% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 28 July 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.2%). Annonce • Jun 07
Gooch & Housego plc Declares an Interim Dividend, Payable on July 28, 2023 Gooch & Housego PLC declared an interim dividend of 4.8p per share (2022: 4.7p). This dividend will be payable to shareholders on the register as at 23 June 2023 on 28 July 2023. Reported Earnings • Jun 06
First half 2023 earnings released: EPS: UK£0.11 (vs UK£0.069 in 1H 2022) First half 2023 results: EPS: UK£0.11 (up from UK£0.069 in 1H 2022). Revenue: UK£71.3m (up 32% from 1H 2022). Net income: UK£2.73m (up 58% from 1H 2022). Profit margin: 3.8% (up from 3.2% in 1H 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Germany. Upcoming Dividend • Jan 12
Upcoming dividend of UK£0.079 per share Eligible shareholders must have bought the stock before 19 January 2023. Payment date: 24 February 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%). Annonce • Dec 22
Gooch & Housego PLC, Annual General Meeting, Feb 22, 2023 Gooch & Housego PLC, Annual General Meeting, Feb 22, 2023, at 11:00 Coordinated Universal Time. Location: Company's head office, Dowlish Ford, Ilminster, Somerset TA19 0PF. Ilminister Somerset United Kingdom Recent Insider Transactions • Dec 07
Independent Non-Executive Chairman recently bought €70k worth of stock On the 6th of December, Gary Bullard bought around 15k shares on-market at roughly €4.66 per share. This transaction amounted to 75% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Gary has been a buyer over the last 12 months, purchasing a net total of €153k worth in shares. Annonce • Dec 07
Gooch & Housego PLC Proposes Final Dividend for the Year Ended 30 September 2022, Payable on 24 February 2023 The board of Gooch & Housego PLC proposing a final dividend of 7.9 pence per share for approval at the company's annual general meeting on 22 February 2023, giving a total of 12.6 pence for the year ended 30 September 2022. Payment of the dividend will be made on 24 February 2023, to shareholders on the register as at 20 January 2023. Annonce • Nov 02
Gooch & Housego PLC to Report Fiscal Year 2022 Results on Dec 06, 2022 Gooch & Housego PLC announced that they will report fiscal year 2022 results on Dec 06, 2022 Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €5.35, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Electronic industry in Germany. Total loss to shareholders of 62% over the past year. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €8.10, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Electronic industry in Germany. Total loss to shareholders of 49% over the past year. Annonce • Aug 17
Gooch & Housego PLC Announces Executive Changes Gooch & Housego PLC announced that Mark Webster will be retiring at the end of this financial year and stepping down from his role as CEO of G&H. The Board announced that he will be succeeded as CEO of G&H by Charlie Peppiatt, with effect from 14 September 2022, who until recently was Executive Vice President at TT Electronics PLC, which he joined after they acquired Stadium Group PLC in 2018 where he was CEO. Charlie brings a wealth of experience from his career in global hi-tech businesses supplying into the medical, industrial, aerospace and defence sectors, not only from his time in these roles but also prior to that at Laird PLC, where his roles included VP Global Operations for Laird Technologies based in China, General Manager for Amesbury Group based in USA and Managing Director with Laird Security Systems in the UK. Upcoming Dividend • Jun 16
Upcoming dividend of UK£0.047 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.2%). Buying Opportunity • Jun 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €12.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.8%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 129% in the next 2 years. Reported Earnings • Jun 08
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£538.0k from profit in 1H 2021). Profit margin: (down from 0.9% in 1H 2021). Over the next year, revenue is forecast to grow 9.8%, compared to a 19% growth forecast for the industry in Germany. Annonce • Apr 06
Gooch & Housego PLC to Report First Half, 2022 Results on Jun 07, 2022 Gooch & Housego PLC announced that they will report first half, 2022 results on Jun 07, 2022 Annonce • Feb 24
Gooch & Housego plc Declares A Final Dividend for the financial year ended 30 September 2021 Gooch & Housego PLC declared a final dividend, as recommended by the Directors, of 7.7 pence per ordinary share for the financial year ended 30 September 2021 in its Annual General Meeting held on February 23, 2022. Upcoming Dividend • Jan 13
Upcoming dividend of UK£0.077 per share Eligible shareholders must have bought the stock before 20 January 2022. Payment date: 25 February 2022. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.7%). Reported Earnings • Dec 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: UK£0.14 (down from UK£0.15 in FY 2020). Revenue: UK£124.1m (up 1.6% from FY 2020). Net income: UK£3.40m (down 10.0% from FY 2020). Profit margin: 2.7% (down from 3.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 4.1%, compared to a 28% growth forecast for the industry in Germany. Reported Earnings • Jun 05
First half 2021 earnings released: EPS UK£0.021 (vs UK£0.048 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: UK£58.5m (up 1.8% from 1H 2020). Net income: UK£538.0k (down 55% from 1H 2020). Profit margin: 0.9% (down from 2.1% in 1H 2020). Annonce • Jun 02
Gooch & Housego PLC Declares an Interim Dividend, Payable on 30 July 2021 Gooch & Housego PLC announced that its board has declared an interim dividend of 4.5 pence per share. This dividend will be payable to shareholders on the register as at 25 June 2021 on 30 July 2021. Annonce • Mar 13
Gooch & Housego PLC Appoints Jim Haynes as A Non-Executive Director Gooch & Housego PLC announced that Jim Haynes has been appointed to the company's Board as a Non-Executive Director with effect from March 12, 2021. Jim brings to the Group extensive experience from his distinguished executive career in the photonics industry where he held a range of senior leadership roles in engineering and operations, most recently Executive Vice President, Operations, at Oclaro/Lumentum. He has significant international experience having lived and worked in the UK, US and Canada and he was also responsible for growing Operations in Asia. He has been involved in the successful integration of a number of acquired businesses whilst also delivering on organic growth strategies. Jim was formerly a non-executive director of Andor Technology plc. He is currently an advisor to Rockley Photonics, a silicon photonics technology company. Executive Departure • Mar 01
Senior Independent Director has left the company On the 24th of February, Peter Bordui's tenure as Senior Independent Director ended after 9.0 years in the role. We don't have any record of a personal shareholding under Peter's name. Peter is the only executive to leave the company over the last 12 months.