AMP, Woodside and GUD
Fund Manager Chris Pedersen talks about where to look for growth, looks at ASX100 Aug winners and ASX100 Aug losers, and takes a look at AMP (ASX:AMP), Woodside (ASX:WDS) and GUD Holdings (ASX:GUD).
Read MoreTag: GUD
GUD transitions to pure-play automotive company with $65 million sale of Davey Water Products
GUD is set to become a pure-play automotive products company after the $65 million sale of its pumps company, Davey Water Products, to Sydney-based Waterco.
Read MoreTrading Tidbits: GUD, TRS
A couple of news items from Thursday’s ASX trading session, with GUD Holdings announcing a late profit downgrade and The Reject Shop filling a vacant key management role.
Read MoreGUD – UBS rates the stock as Buy
The Buy rating is retained and the target price increases to $14.40 from $13.80.
Read MoreGUD – Macquarie rates the stock as Outperform
The Outperform rating is retained and the target price increases 4% to $16.40.
Read MoreGUD – Credit Suisse rates the stock as Outperform
The target price of $4.10 is unchanged, despite the analyst increasing the estimated loss for FY22 to -$1.6bn from -$1.2bn. The broker is cautious on taking a more positive stance and retains its Underperform rating.
Read MoreTrading Tidbits: GUD, GNC, CGC
Some follow-up news from Wednesday’s ASX session involving various stocks we’ve been watching of late, namely GUD Holdings, GrainCorp and Costa Group.
Read MoreCar Parts Maker Gets While the Going is GUD
Car parts maker GUD Holdings (ASX: GUD) will double its size with a $745 million cash and share deal to purchase AutoPacific Group (APG) from a private equity group.
Read MoreGUD – Citi rates the stock as Buy
The broker upgrades to Buy from Neutral, as this should be a tailwind once lockdown restrictions are lifted. The target price remains at $12.30.
Read MoreA Trio of Tidbits from Around the Traps
Some snippets from three companies that gave updates to the market on Wednesday: auto parts retailer GUD Holdings, BWP Trust (Bunnings), and mortgage insurer Genworth.
Read MoreGUD – UBS rates the stock as Neutral
GUD Holdings will acquire AMA Group’s ((AMA)) automotive components and accessories division (ACAD) for $70m, to be funded by an institutional placement and share purchase plan.
Read MoreGUD – Credit Suisse rates the stock as Neutral
GUD Holdings’ (unscheduled) trading update for the first quarter shows automotive sales up 16% despite the headwinds from Victoria and New Zealand. Credit Suisse observes this reflects strong end markets and restocking by key customers.
Read MoreGUD Holdings Halves Dividend On Flat Result
Small diversified manufacturer, GUD Holdings has more than halved its final payout to shareholders as earnings slumped for the year to June. The maker of Ryco oil filters and air filters, Goss fuel pumps and hoses, and Wesfil and Narva parts said revenue edged up 1% to $438 million “despite second half COVID‐19 volume impacts”.
Read MoreGUD – Macquarie rates the stock as Neutral
As the broader Australian automotive aftermarket has recovered strongly after the easing of lockdown measures, Macquarie revises forecasts higher, although acknowledges a reinstatement of lockdown in Victoria emphasises the risks.
Read MoreGUD – UBS rates the stock as Neutral
UBS believes the company is well-positioned to withstand the disruptions from the pandemic over the course of 2020.
Read MoreGUD Holdings Flags Cost Cuts & Price Hikes
GUD Holdings has successfully coupled cost reductions with price rises and reiterates guidance for modest earnings growth in FY20.
Read MoreModest Outlook For Auto Segment Weighs On GUD
Shares in auto-parts and water-pump maker GUD Holdings fell another 4% yesterday on top of Friday’s near 5% slide in the wake of what was a fairly weak 2018-19 result and an equally unconvincing outlook for the new financial year.
Read MoreCaution Uppermost For GUD Holdings
Weaker economic conditions and increased competition look like hampering automotive and water product distributor GUD Holdings in the year ahead.
Read MoreGUD – Credit Suisse rates the stock as Downgrade to Neutral from Outperform
Channel checks of the auto market conducted by Credit Suisse suggest after-market growth is trending lower and competition is increasing among part suppliers
Read MoreGUD Outlook Underwhelms Investors
Investors punished diversified industrial, GUD yesterday, sending the shares down sharply (they were off over 12% at one stage) after it reported an interim result that fell a little short of expectations.
Read MoreFormer 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.
Read MoreGUD Holdings Revs Up On Auto Expansion
Shares in Sydney-based GUD Holdings hit an all time high yesterday after it revealed a continuation of its move to go has deeper into the car parts business with a $20 million acquisition of Disc Brakes Australia Pty Ltd (or DBA).
Read MoreRestructure Delivers For GUD Holdings
GUD Holdings has revealed a recovery in earnings for the six months to December 31, reporting a 61% improvement in profit to $28.4 million as it completed several years of restructuring.
Read MoreRestructuring GUD Narrows Losses
A second successive annual loss GUD Holdings after the sale of two businesses in the 2016-17 June year slashed $58.9 million from the company’s bottom line.
Read MoreGUD Divest Dexion
Industrial products supplier GUD Holdings has finally cleaned up the embarrassing $83 million mistake that was the 2010 takeover bid for storage company Dexion.
Read MoreAuto Sales Boost GUD Interim
Shares in GUD Holdings (GUD) rose by close to 7% at one stage yesterday after investors concluded the company’s December 31 half year results were a bit better than expected and contained no unwelcome surprises, especially from its troubles Oates and Dexion divisions.
Read MoreDexion 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.
Read MoreGUD To Divest Sunbeam Stake
Sydney-based GUD Holdings has moved to depart the small electrical appliances market in Australia after 20 years.
Read MoreSunbeam, Dexion Toast GUD Earnings
Shares in GUD Holdings (GUD) lost 10% yesterday after the Sydney-based consumer and industrial products company cut its full year earnings guidance after reporting unexpected losses from its Sunbeam appliances joint venture and in the fully-owned Dexion racking business in the December-half.
Read MoreSunbeam Lifts GUD
GUD Holdings (GUD), the kitchen appliance to pumps, storage and water business has given shareholders a surprisingly upbeat outlook for 2015-16 after a solid rebound in earnings in the year to June and a higher final and full year dividend.
Read MoreGUD Lifts Interim Dividend After Solid Rebound
The market loved the better than expected interim results from GUD Holdings (GUD) as the company showed that the big slide in first half earnings a year ago was well behind it.
Read MoreYield 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.
Read MoreProfits: GUD Can Thank Dexion Buy For Interim Result
The interim results from consumer and industrial products supplier GUD Holdings just about says it all insofar as current soft business and economic conditions are travelling.
Read MoreProfits: Markets Still Likes GUD
Investors continue to like what they see in the full year result from GUD Holdings.
Read MoreGUD’s Interim Good News
Diversified manufacturer and importer GUD Holdings provided some reassurance for jittery investors yesterday.
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