Judges Scientific Share Discussion Threads

[pugugly] 25/9/2015 07:55

Results out



Worse than I expected - Revenue, profits and dividend UP but only as a result of acquisitions - EPS down "Adjusted* basic earnings per share down 18.3% to 41.1p (H1 2014: 50.3p");

Will need to crunch the rest of the numbers to get a fair analysis and calculate a forward p/e - Assuming same run rate for 2nd half year then eps of some 82p -v- previous market consensus of 102. p/e would increase to some 18 or 19 -v- previous consensus of 13.1 at 1470p.

OK I see chairman says "your Board remains confident in the ability of the Group to meet market expectations for the full year" BUT given slow down in China and the emerging markets I personally suspect that it will prove very difficult to meet the expectations but with the improved order book they should improve on the run rate.

Will need to wait and see how the market opens. .

[droid] 10/9/2015 22:45

I thnik you will find that OXIG had an almost glamour rating whereas Judges' PER of about 15 discounts a lot of currency headwinds etc.

[alphabeta4] 10/9/2015 19:14

Don't want to be negative but isn't there risk of read across from OXIG here?

[cockerhoop] 10/9/2015 10:19

Nor I.....

[dugger12] 10/9/2015 06:15

Does anyone follow this thread ?

[bugle4] 23/7/2015 16:39

3 Of My Favourite Small Caps: Judges Scientific PLC, AFC Energy plc & Boohoo.Com PLC

Shares in Judges Scientific (LSE: JDG) are down by 4.5% today after the scientific instruments specialist released an interim update. Although it expects to meet market expectations for the full-year, Judges Scientific is now guiding towards a year-on-year fall in its half-year earnings, with a build-up in its order book apparently causing organic revenue to be hit. However, it does expect an improved second half of the year, with the interim order book having been built up in recent months.

[gengulphus] 23/7/2015 12:21

A loose translation: The good news is that we're getting orders quite fast, fast enough to fit in with our planned budget for the year.

The bad news is that we're processing the orders and converting them into profits somewhat more slowly than they're coming in. As a result, the earnings in our interim results will be a bit down on last year.

We expect to deal with that in the second half, getting back to the earnings that the market expects for the full year.

Gengulphus

[wiwaxy] 23/7/2015 08:26

Statement slightly confused me - can anyone translate?

[gucci] 26/5/2015 15:19

2200p first stop

[exv] 25/5/2015 13:06

How I think about JDG:

hxxp://expectingvalue.com/shares/judges-scientific-a-textbook-on-value-creation

Might be interesting to prospective/holders.

[cornishman33] 22/5/2015 12:10

Nice rise this morning. This morning's RNS might have helped as I read like a partial trading update. It confirms that the profit forecast for Armfield has been achieved.

'The consideration payable on completion amounted to GBP8.28 million in cash. In addition, there was provision for the payment of an earn-out capped at GBP1.51 million, based upon achievement of a profit threshold of GBP1.96 million in respect of the year to 31 December 2014. Half of the earn-out was payable in cash and half through the issue of new ordinary shares ("Ordinary Shares") in Judges at a price of GBP20.55 per Ordinary Share, based on the prevailing price of Judges' Ordinary Shares on the day the headline terms of the acquisition were agreed.

Accounts for the earn-out period have now been agreed and the Directors of Judges are pleased to announce that the profit threshold was attained.'

Perhaps it was even exceeded. Adding another £2m to the profit is certainly significant and the market seems to like it.

[gucci] 21/5/2015 13:23

looks like we are heading to 2100

[gucci] 12/5/2015 08:49

ready for a breakout here
l2 getting better

[alphabeta4] 11/5/2015 14:55

Thanks - goes without saying really! Would have expected them to come up with something a bit more insightful!
For me these are the same price as the last acquisition (which always then perform well) and suspicion trading conditions should now be more favourable off the weaker dollar and better European growth.

[timp230] 11/5/2015 14:33

Haven't read the article in detail yet, but there isn't anything specific: it talks generally about management's previous track record of successful earnings-enhancing acquisitions and mentions that another deal could come at any time.

[alphabeta4] 11/5/2015 13:32

Thanks Timp. Don't subscribe to them, what would you say were their main reasons for the tip?

[timp230] 11/5/2015 09:43

Tipped in SCSW over the weekend

[timp230] 11/5/2015 09:43

Tipped in SCSW over the weekend

[alphabeta4] 11/5/2015 08:40

What would be more useful is why. Investors waking up to impact here of weaker US dollar?

[alter ego] 11/5/2015 08:27

what would we do without your insight?

[gucci] 11/5/2015 08:19

anf starting to take off!

[gucci] 08/5/2015 12:31

chart turned up

[cyman] 23/4/2015 14:25

And back down