Judges Scientific Share Discussion Threads

[shanklin] 17/7/2014 12:09

Thank you HE.

Given those numbers then, even with the potential for more acquisitions, trading on a forward P/E of 16 seems pretty adventurous to me.

[horndean eagle] 17/7/2014 11:58

WH Ireland forecasts this morning.

[davidosh] 17/7/2014 10:57

It will be much easier to do an acquisition if sales growth is slowing as vendors will not be looking for crazy multiples.

[shanklin] 17/7/2014 08:54

HE, where did you see those forecasts please?

[cockerhoop] 17/7/2014 08:40

Are they alluding to a further acquisition in the final paragraph?

[horndean eagle] 17/7/2014 08:31

REvised forecasts for about 86p this year and about 90p next.

[pugugly] 17/7/2014 08:19

Anyone got a guess as to P/E FOR 2014 at say £12.60. Looks to me as thought could still be in region of 14-16 trying to back calculate from the ims and the 2013 accounts.

Other views ?

[supersturrock] 17/7/2014 08:13

Yes, badly need one or two acquisitions with customers outside the public sector.

[stegrego] 17/7/2014 08:07

I guess the wheels had to fall off at some point.

It's been very highly rated, rightly so for years, but the forecast eps growth and now this trading statement do not support the multiples it was on.

[shanklin] 16/7/2014 16:14

Well we know Scientifica has been doing OK.

[cornishman33] 16/7/2014 16:11

Trading update likely any day now. There have been a lot of small sells over the last couple of weeks moving the price down. The sellers probably know something that I don't, but I will wait for a statement.

[shanklin] 16/7/2014 16:01

Well this is a bit of a pain.

[pugugly] 08/7/2014 09:58

Alphabeta4 : Wise man- A great company and great management but the share price had and still has (imo) run ahead of itself unless DC pulls a really good acquisition but EBITDA selling prices are becoming much less attractive (DC - I know you look at this board from time to time - so may I please ask you not to make another acquisition unless it more than washes its face - Cash is king so please be in no hurry - )

Also the strength of sterling is going to have a negative effect on both the bottom line and competitiveness going forward.

However (imo) at this price £18.40 bid probably a long term hold but if looking to top up or buy next chart resistance appears to be in the region of £16 -£17

However I can see the current small stop loss sales continuing and gaining momentum so risk is to the downside ,

Anyone any thoughts as to a fair value clean p/e?

[alphabeta4] 04/7/2014 19:41

Pains me to say this but out for now at an average of just over £20. Been seeing growth shares on straight rises derating, I'm concerned about the strength of the pound against the dollar and there is quite a gap below £20 to next support.
Of course could be an acquisition Monday but think best to play the odds and not get attached if on average I think will fall first.

[cornishman33] 03/7/2014 15:21

Looking back over the last few years there has always been an update in mid July. Last year was the exception with an update at the end of June, presumably because they had an acquisition to announce. I'm hoping this is just a bit of drift in the absence of any news, but whatever happens I'm looking forward to a nice divi tomorrow.

[davidosh] 03/7/2014 15:17

We know from experience that every deal done by DC and the team has been a very good one and the share price will kick on by 20% or so once it is announced ....the question is who knows when the next one will be ? Forecasts do not allow for acquisitions and they generally do well with like for like increases each year too.

[luckymouse] 03/7/2014 14:55

2 channels
1930 & 1620 seem to be the main support trend lines respectively - so we are at one of them now

dont know how you tell which channel its going to stay in?

PBT% f'cast looks epic - EPS% f'cast looks flat - 1 bkr - hold - 2370 (12% upside)
looks like they just drew a line at the top of the chart

12% isnt a lot for a whole yr so maybe the lower channel?

[supersturrock] 03/7/2014 14:50

I suspect JDG is not immune from the bearish trend experienced by similar big risers. Strong Pound won't be helping them. Also, it's been a while now since last major acquisition.

[freshvoicem] 03/7/2014 14:08

Are the wheels coming off?

[supersturrock] 20/6/2014 15:38

Yes, Cornishman, it is a long time since Mr. Sturrock wove his magic at Home Park !

[cornishman33] 20/6/2014 15:28

Last year there was a trading update and notification of an acquisition an the 27th June, so here's hoping.
Perhaps Mr Circurel would like to work his magic on an under performing football team in Plymouth. Or perhaps not, that would require a miracle.

[supersturrock] 20/6/2014 13:26

Wonder if the share price is being tickled up ahead of an acquisition- we are about due for one.

[cornishman33] 22/5/2014 11:03

'The maximum earn-out would be payable if Scientifica generated operating profits of GBP2.167 million or more in respect of the twelve-month period to 31 March 2014.

Accounts for the earn-out period have now been agreed and the Directors of Judges are pleased to announce that the profit threshold of GBP2.167 million was comfortably exceeded'.

This reads like a profit upgrade to me. Provided the rest of the company is performing well it looks good. One negative could be the current high value of the pound, with JDG generating a lot of their profits from exports.

[davidosh] 17/5/2014 23:43

Do not forget...

David Cicurel will be providing a twenty minute update presentation at the next Mello Monday event in Beckenham on the 19th May so the patient will be rewarded by hearing how the company is doing direct from DC himself if you want to come along and join us.

Are none of you coming ?

www.mellomeeting.co.uk

[cornishman33] 10/5/2014 12:14

Positive post results write up in SCSW. 'Latest results for 2013 show just how far the business has come with eight consecutive years of record sales, pretax profits, earnings per share and dividends'. Since being tipped in May 11 'the shares have had an almost vertical climb but we suspect there is more to come'.