I only recently came across Goodwin (LON:GDWN), and prompted by reader comments on Stocko, decided to delve into the company. I have to say I was very impressed by the company, and posted a somewhat lengthy comment on one of the SCVR threads. I think Goodwin deserves a separate discussion, so I have copied my previous comments below:
Goodwin's latest report I came across was really impressive – its contents were clear, precise, and easy to understand. Reading the report left me with the conviction that Goodwin could be a solid long-term investment. It's not often one comes away with a feeling of conviction after reading a company report. About the company
“Goodwin PLC is a mechanical and refractory engineering company. The Company specializes in the design, manufacture and supply of products and solutions. The Company’s segments include Mechanical and Refractory Engineering. The Mechanical Engineering segment is engaged in casting, machining and general engineering. “
Some extracts from the latest report:
“After due consideration, from listening to shareholder enquiries at the AGM, we recognise the importance of providing more frequent updates. Considering our Group's diverse and complex operations, we have decided to introduce quarterly trading updates to keep our investors more informed.”
“The new Calciner at Hoben International Limited has proved to be approximately 15% more efficient than the original Calciner due to the strategic design modifications that were incorporated into the initial design. This efficiency improvement has translated into enhanced productivity and energy cost savings. Hoben's sales of Soluform concrete bags continue to grow and there is wider adoption amongst some project engineers who are increasingly favouring it as their product of choice.”
“Keeping one eye on the future, our patent pending polyimide resin production company, Duvelco Limited, remains on track to have its production plant commissioned and operational by June 2024. All the major capital expenditure has been completed with the majority of any spend left being labour to finish off the wiring, pipework and commissioning. All initial chemicals to make up to 30 tonnes of polymer resin are on site, so there should not be any large increases in working capital affecting the Group's future cash position, as it should become self-funding once operational.”
Searching the Stocko forum I also came across
“However, for investors looking for businesses with the ability to deliver long-term compound growth, I think Goodwin…
