Judges Scientific Share Discussion Threads

[davidosh] 27/6/2013 17:22

Some big buyers today and a lot of shares going through...

The Company announces that it was notified today that following the purchase today of 68,947 shares, Guy Naggar's beneficial interest in the ordinary shares of the company is 270,000 ordinary shares of 5p each, equivalent to 5.08 per cent of the issued share capital of the Company of that class.

[droid] 27/6/2013 15:54

This looks a cracking deal and shows that Judges is not getting phased by the need to do larger deals. Slightly disappointed the vendors didn't take any stock.

[shanklin] 27/6/2013 13:50

Electronica

I have just spoken with a shareholder who spoke with DC earlier today. DC confirmed to him that the 4.7% organic growth number in today's RNS relates to businesses owned by JDG as of 01-Jan-12. So it excludes those businesses acquired in H1 2012.

Cheers, Martin

[kalkanite] 27/6/2013 13:42

This looks like a cracking acquisition, just under 6 x the latest pre tax profit and that includes the £1m earn out for a company that has expanded at 31% CAGR in the past 5 years.

I'm very surprised at the muted response in the share price but this will sort itself out in time.

Organic growth slightly down but I don't think that this could possibly include the acquisitions from last year (imho).

All in all very good news for me as this is my largest holding.

[droid] 27/6/2013 11:34

Looking at this simply, Judges have added about 600k ( after interest costs ) to this year's profits resulting in hike in forecast eps of about 10%.

[droid] 27/6/2013 11:32

Looking at this simply, Judges have added about 600k ( after interest costs ) to this year's profits resulting in hike in forecast eps of about 10%.

[electronica] 27/6/2013 08:26

Shanklin

"So, how is organic growth being defined for them"

Organic growth can only be defined as Y-O-Y growth in each individual unit. There can be no other interpretation.

So top-line order intake from acquisitions will encompass growth over & above that 4.7%.

[shanklin] 27/6/2013 08:17

If anybody does speak with DC it would be interesting to know what is meant by

"Order intake was strong in the first quarter and more subdued since, resulting in 4.7% organic growth in order intake compared to the first 25 weeks of 2012."

Specifically, there were two fast-growing businesses purchased in March 2012. So, how is organic growth being defined for them, or are they outside the number above given that there is no direct comparison available?

[electronica] 27/6/2013 07:45

cornishman

"but there is also a trading statement saying that the order book has been subdued since the first quarter"

With a good part of the revenues in the Eurozone that "subdued" expectation has (IMHO) been in the price for the last 4 months or so - hence the recent flat (in JDG terms) share price

JDG is really a straight play on the building of a major UK scientific instruments conglomerate - I'm backing David C, he hasn't put a foot wrong yest.

[orange1] 27/6/2013 07:44

But this is consistent with market expectations:

"The Group's trading performance since the beginning of the current financial year has remained satisfactory. Order intake was strong in the first quarter and more subdued since, resulting in 4.7% organic growth in order intake compared to the first 25 weeks of 2012. This is consistent with market expectations for the year as a whole."

[cornishman33] 27/6/2013 07:24

Great news, but there is also a trading statement saying that the order book has been subdued since the first quarter. 'Subdued' is not a word commonly used in JDG statements.

[electronica] 27/6/2013 07:11

"The Acquisition is expected to be earnings enhancing with immediate effect."

Another masterstroke & a biggie this time. Well done guys - onwards & upwards!

[m.t.glass] 14/6/2013 09:01

Judges Scientific PLC (LON: JDG)'s stock had its "buy" rating reiterated by investment analysts at Investec in a note issued to investors on Thursday, ARN reports. They currently have a GBX 1,400 ($21.33) price target on the stock. Investec's target price would indicate a potential upside of 8.44% from the stock's previous close.

Shares of Judges Scientific PLC (LON: JDG) opened at 1286.00 on Thursday. Judges Scientific PLC has a one year low of GBX 626.00 and a one year high of GBX 1345.00. The stock's 50-day moving average is currently GBX 799.9. The company's market cap is £68.3 million.

Separately, analysts at WH Ireland raised their price target on shares of Judges Scientific PLC from GBX 1,083.05 ($16.50) to GBX 1,378.43 ($21.00) in a research note to investors on Friday, March 22nd. They now have a "buy" rating on the stock.

Judges Scientific plc is engaged in the design, manufacture and sale of scientific instruments. The Company operates in two segments: the Materials Sciences group and the Vacuum group.

[geoffo1] 30/5/2013 12:54

Did you notice those big sells going through yesterday in 4/5,000 batches - they totaled 26,500, that's nearly £350,000 - yet the price didn't move, odd don't you think?

[davidosh] 16/5/2013 22:08

Anyone who attends the Agm will be able to ask questions and that automatically provides an update on how the whole board see the wider picture and potential deals or no deals...whether there will be a trading update remains to be seen !

[shanklin] 16/5/2013 13:50

davidosh

There wasn't a trading update at the last AGM. Any reason we might get one this year?

[davidosh] 16/5/2013 12:57

An Agm update next week. Nobody coming ?

[supersturrock] 16/5/2013 12:39

Wonder if there's an acquisition coming.

[saucepan] 16/5/2013 12:15

Looking strong, and ready for yet another breakout?

[gymfit] 08/5/2013 09:15

on thge move

[davidosh] 07/5/2013 14:33

The Judges Scientific Agm will be on Wednesday 29th May at the Lansdowne Club starting at noon if any of you interested.

[saucepan] 07/5/2013 12:11

Nicely back through £12 and looking good.

[gymfit] 02/5/2013 11:29

on the move

[droid] 01/5/2013 11:28

Bounced nicely off long term trend line.

[cornishman33] 19/4/2013 11:50

Thanks CantEatValue, Particularly good to hear that David has no plans to retire at the moment, as he is clearly responsible for such a successful strategy. It's disappointing that most of March's share price increase has retraced, but if 20% annual growth can be maintained I will not be selling anytime soon.