G.U.D. Holdings (ASX: GUD) $10.54 as at 29/01/2019
The GUD share price has tumbled today on a soft first half result which saw modest profit growth on figures reported 12 months ago.
The group, which generates most of its profits through automotive part sales, printed profit of $29.3m for the 6 months to December 2018, up ~$1m yoy, but fell well short of the markets expectations.
With the consensus of analysts pricing a full year profit of $63.5m, it would now take a blockbuster second half to achieve market expectations, particularly given they often have a first half skew to earnings
GUD has been on a big acquisition spree which is yet to drop down into earnings however the CEO is standing firm, looking for further expansion
Whilst the automotive business is growing, the water products company slumped in the first half in tough conditions caused by the drought.
G.U.D. Holdings (ASX: GUD) Chart
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