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Judges Scientific - Shore Capital forecasts eps of 97.4p for next year

November 2013

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:
  • 1690p
Judges' interims were once again as good as expected with sales up 13% to £15.4m (5% organic) and a 14% jump in adjusted pretax profit to £3.1m. Eps was 41.1p, up 17% after the earlier placement of shares. At the period end, net debt stood at £15m, after spending £9m cash on Scientifica and also £2.4m on a new facility which now houses UHV Design and Quorum Tech. Post the period end, Judges has replenished the coffers with a placing of 0.5m shares at 1625p to raise £8.1m.  Judges is still a bit cautious on the economic environment and order flow is a bit subdued albeit some recent improvement has been seen towards the end of H1. H2 will benefit from a full six months inclusion of Scientifica. Eps forecast is ...

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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.

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