Judges Scientific Investors - JDG

Judges Scientific Investors - JDG

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Stock Name Stock Symbol Market Stock Type
Judges Scientific Plc JDG London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
220.00 3.45% 6,600.00 16:35:06
Open Price Low Price High Price Close Price Previous Close
6,350.00 6,350.00 6,370.00 6,600.00 6,380.00
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Industry Sector

Top Investor Posts

melloteam: Just to let shareholders and prospective investors know that Judges Scientific plc will be presenting at Mello Events’ Results Roadshow Special webinar event on Monday 29th March at 5pm-9:30pm. There will also be other fantastic company presentations from GetBusy, Filta Group and Digitalbox plc. There will be over 600 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions including the popular Mello BASH (Buy, Avoid, Sell or Hold). Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. Https://melloevents.com/mellomonday-29th-march/.
cornishman33: Another all time high, but they seem to be too boring for most investors. For the patient these were selling for little more than £1 a decade ago, and have paid ever increasing dividends every year. Long may they continue to bore!
jaf111: After a brief pause it looks like JDG on the march again......clearly investors picking up shares for the £2 special divi......
davidosh: A great landmark reached today. Well done David Cicurel and the whole team plus all the subsids. David and JDG first came to our Mello dinner to present and meet investors in 2009 and has been back at least once every year since so tens and tens of Mello investors came on board as shareholders. The price was £1.78 at the first Mello from memory so that is almost 30x and certainly is with dividends included and he always requests to come back and update everyone each year.
tomps2: JDG H1 results presentation by CEO David Cicurel and CFO Brad Ormsby - given the morning of results to analysts and investors. They just continue doing what they're very good at! They anticipate to beat forecasts for the full year. Https://www.piworld.co.uk/2018/09/19/judges-scientific-jdg-h1-results-september-2018/ David Cicurel, CEO Introduction to JDG – 00:18 The Judges group – 02:13 Results key messages – 03:45 Brad Ormsby, CFO Financial highlights – 05:23 Performance – 07:26 Order intake – 08:29 Revenue summary – 10:22 Profit bridge – 11:29 Balance sheet & cash flow- 12:25 ROTIC – 13:27 Diversification – 14:45 Financial history – 15:20 David Cicurel, CEO Growth strategy – 16:45 Acquisitions – 26:51 Outlook – 30:06 Investment case – 32:43 Q&A – 34:29
wilmdav: Agreed. Excellent presentation. One of my key ratios when researching stocks is return on capital employed, adjusted operating profit/(total assets - current liabilities). I usually rely on Sharepad's data, which comes from Morningstar, although their capital employed denominator is always inexplicably slightly higher than if I try to calculate it. JDG rely on ROTIC, return on invested capital, for assessing the performance of their subsidiaries. A definition is provided in the 2017 report. "The annual rate of ROTIC is calculated by comparing attributable earnings excluding central costs, adjusting items and before interest, tax and amortisation ("EBITA") with the investment in plant and equipment, goodwill and unamortised intangibles and net current assets (excluding cash)." I found the denominator impossible to calculate from the accounts but the presentation made clear that it represented money actually spent on the purchase of all acquisitions plus any money subsequently spent on them (very little). Property is excluded. ROTIC clearly works for JDG but it is of less help to investors wishing to compare performance with other companies. Below is comparison of Sharepad's ROCE and JDG's ROTIC for the last 6 years. . 2012 2013 2014 2015 2016 2017ROTIC 40 30 24 25 15 21ROCE 5.8 8.6 7.0 5.2 2.6 14.4(approx.-Sharepad figure not yet received) In fact the Sharepad figures are pretty useless for a company like JDG for the same reason that their normalised eps figures bear little relation to brokers' forecasts. To calculate a meaningful ROCE ratio, amortisation of acquired intangibles needs to be added back to EBIT, together with other adjustments, giving adjusted EBITA as the numerator. . 2012 2013 2014 2015 2016 2017ROTIC 40 30 24 25 15 21ROCE 27 20 18 23 16 25(approx.-Sharepad capital employed figure not yet received) These ROCE figures are excellent. Anything above 15% is generally considered to be good.
davidosh: David Cicurel and JDG come to the Beckenham Mello every six months to update us after the results come out but this year I may get them to come to Derby and meet a few hundred more investors instead. I have held this company for over eight years and it is in the top three most successful Mello companies so very appropriate for them to be there.
davidosh: David Cicurel will be coming to present at Mello this Monday evening if any of you would like to join about 35 other investors ? There will also be a presentation from Vipera VIP and plenty of time for a Q&A.... Http://www.freesharedata.com/mello Just mail me via that site to let me know you are coming.
ben12358: Agreed modform. Today's rns really showed a lack of forward order visibility in a non-cyclical market. I understand this happens in house-builders and recruiters and the like, at certain points in the cycle, however the Judge's businesses should have many clients, be non-cyclical (due to an intellectual moat), and therefore have good forward visibility? I sold today because I couldn't quantify the implications of the rns. It was far too short and sweet, lacking in clarity, and of no use at all to investors. In my opinion, this rns only satisfied a regulatory obligation, rather than reporting to their investment partners in the business in a meaningful way, which is what they should be doing.
davidosh: Judges discussed here... Https://audioboom.com/boos/4458646-small-cap-investors-david-stredder-on-the-news-in-the-world-of-small-cap-investing
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