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Judges Scientific

May 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • JDG
  • Price:
  • 2570p
A new high for Judges, which has reported its 2017 results. Always a tough one to update on; chairman David Cicurel, who I have known for a few years, is one of those dessicated calculating machines. If a journalist asks the septuagenarian what the company “makes,” instead of going on to describe scientific instruments, he is much more likely to respond with numbers - £10.4m adjusted pretax profit a year, up 57% on last year, for eps of 131.9p and a ROTIC (Return on Total Invested Capital) of 20.6%.But his strategic vision of Judges as a roll-up of instrumentation companies and not caring much about the science works. The businesses he buys are rugged performers because they occupy ultra small niches and just cont ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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