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Gooch & Housego

GHH · AIM · Technology · mcap £335m · 1225.0p

Gooch & Housego designs and makes lasers components, optical systems and fibre products used in aerospace and defence, life sciences and industrial markets. It sells mainly to equipment makers, so demand follows their orders and stock levels.

Recent signals

Mixed 24 Sep 2026

Hedge funds and banks built stakes after the bid, led by Sand Grove at 10.35%

Event-driven holders accumulated while long-term holders Odyssean and Octopus sold down. 24 Sep 2026 23 Sep 2026 10 Sep 2026

Positive 22 Sep 2026

Recommended 1,230p cash offer from Arlington Capital Partners-backed Bidco, approved by shareholders

Offer is a 40.7% premium to the prior close; shareholders approved on 26 August 2026 and completion is expected 16 October 2026. 22 Sep 2026 26 Aug 2026 16 Jul 2026

Negative 30 Jul 2026

Trading update said supply constraints delay order conversions with a weaker half balance

Update came two weeks after the offer announcement and was below expectations. 30 Jul 2026

Capital actions
  • 2026-03-12 debt refinancing · US$70m – Extended revolving credit facility to a committed US$70m 2 Jun 2026
  • 2025-05-14 acquisition · $8.75m cash – Acquired Global Photonics for $17.5m, half in cash and half in shares 14 May 2025
  • 2024-10-30 acquisition · £3.4m initial – Acquired Phoenix Optical for up to £6.75m, with contingent deferred consideration up to £3.35m 30 Oct 2024
  • 2024-03-18 disposal · $5.25m initial – Sold EM4 for up to $12.0m, with deferred consideration up to $6.75m; proceeds to reduce borrowings 18 Mar 2024

From the company's own announcements · not investment advice

Company filings. Not investment advice.

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