Buying on valuation grounds. A defensive company that has recently reiterated guidence.
On the lookout for further aquisitions along with a resonable yield makes this a buy IMO.
GUD has experienced significant transformation over the past five years with the disposal of Oates in January 2018 followed by previous divestments of Sunbeam, Dexion and Lock Focus. This has resulted in GUD now being predominately an automotive aftermarket parts business (75% of revenue) and to a lesser extent, Davey Water Products (25%). Annual servicing is an indispensable part of vehicle ownership, providing persistent demand for automotive parts and consumables.