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Judges Scientific

October 2016

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:
  • 1285p
Helped by the  H1 acquisitions of CoolLED, Dia-Stron and Fire for a combined £6.6m, Judges’ revenues for H1 to end of June rose by 9% to £27.3m (organic 7%). Adjusted PBT fell back from £3.2m to £2.8m and adjusted diluted eps from 40.3p to 32.7p.  Chief executive David Cicurel said whilst orders at the group level have improved and have been sustained since June (Armfield is also now seeing some improvement following slow sales for the first five months of the year),  when up against the very strong H2 last year, Judges is unlikely to play catchup.Regionally, sales progressed in North America, but China was weak (down c10%; we estimate that China represents c20% of group sales), wi ...

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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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