What value these online retailers?
News covered here includes results from two online retailers addressing very different markets. We have considerably more confidence in one compared to the other, although fair valuations for both are hard to gauge. (Free to read)
Gooch & Housego – strategy review long overdue Gooch & Housego (AIM: GHH), the specialist manufacturer of photonic components and systems, announced results for the year ending 30 September 2022. This business does interesting things, making significant investments in R&D and its production facilities, unfortunately over the past 6 years growth has been a struggle. For the year ending September 2022 revenue was flat at £124.8m and there was a statutory pre-tax loss of £2.3m. The period saw further significant investment to increase capacity, but the Group had challenges with recruitment, operations and supply chain issues…so just about everything! A…