Former Ford Boss To Steer GUD Holdings

GUD, the Sydney based diversified manufacturer lost a CEO yesterday, gained a replacement and settled on a $20 million dollar expansion into the aftermarket for car parts. The company announced yesterday that the CEO of the past five years, Jonathan Ling had resigned as CEO and will be leaving the Company at the end of September 2018.

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Dexion Drags Down GUD

Shares in industrial products group, GUD Holdings eased 2.1% yesterday after more accounts cleaning and impairments saw it swing to a net loss in the 2015-16 financial year after writing down the value of its Dexion storage-systems business by $75.7 million.

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Execution Remains Key For GUD

Industrial and consumer product conglomerate, G.U.D. Holdings (GUD), delivered an FY14 result that perplexed the market. Underlying earnings were ahead of forecasts but restructuring costs were greater and this weighed on cash flow and market sentiment. Key to the outlook is management’s expectation of $10m in annual benefits to flow from restructuring and profit improvement programs and, should this materialise, GUD could be a candidate for a review of ratings, in CIMB’s opinion.

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Yield Declining In GUD?

Shares in Sydney- based industrial and retail products group, GUD Holdings (GUD) suffered in yesterday’s weak trading as analysts caught up with the detail in Wednesday’s earnings release for the 23012-13 year which showed a 15% fall in underling profit.

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GUD – Citi rates the stock as Hold, Medium Risk

GUD has issued the strongest indication possible that it believes its shares are well-undervalued by announcing a buyback up to 9% of its outstanding capital (6m shares). Citi analysts have calculated the program will lift net gearing to 49% from 37%. Assuming the capex program can be financed out of operational cash flows, the analysts believe the move is a sensible one.

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