Judges Scientific Share Discussion Threads

[cockerhoop] 08/9/2022 17:18

Being slightly pedantic but it's more a weak pound.

[mngf] 08/9/2022 16:05

Recall in the past, strong dollar helped earnings

[cornishman33] 02/8/2022 19:19

New closing high.In 2009 these were available for less than £1. Now at £87 that's a cagr of about 40%. Unlikely that they can continue at that rate but even 15% would give a price of £175 in five years.

[wad collector] 02/8/2022 10:06

No misreading of the share price today though; yes it touched an ATH.

[alter ego] 27/7/2022 15:41

Doh. thx Eric

[pireric] 27/7/2022 15:38

Think you may have misread. Transferred not bought, AE

Eric

[alter ego] 27/7/2022 15:32

CEO just bought £300k's worth. Nice vote of confidence if ever I saw one.

[nchanning] 28/6/2022 14:52

Worth also remembering from previous judges presentations the importance Mr Cicurel placed on the pound / dollar exchange rate . A high tech manufacturer like Judges has a very UK centric cost base made up of things like wages and rent rather than raw material inputs . The spectacular dollar strength of recent months will not have been in the forecasts , so I would expect margins to be well ahead of expectations

[nchanning] 28/6/2022 10:11

I wonder whether Mr Cicurel has threaded the needle here to buy a superb world leading business at the bottom of a multi year cycle . Could well be the best time in many years for the analysis of geological cores as there is a renewed interest from mining companies , oil and gas companies and governments in exploration . Looks like a good chunk of revenues are in a rapidly strengthening dollar too

[ymaheru] 10/6/2022 08:03

It’s like football agents. Stupid fees, but they must be worth it to most clubs, so they pay them.

Also, might’ve paid £800k and got the company for £2 million less than expected, so we don’t know the full dynamics.

[milesy] 10/6/2022 07:48

He may well have made a number of "introductions" since joining JDG but, presumably, we only hear about (and he'll only get his fee for) those that make it through the filters and DD to final acquisition.

[zangdook] 10/6/2022 05:03

Yes, to an extent, but I still find it slightly unsettling. Is the world of scientific instruments really so large and disconnected that someone who wants to sell his company and someone who is building a conglomerate can't find each other without paying £800,000 for an introduction? It seems an excessive amount. I'd be interested to know how much work was actually done to earn it. Did Mr Holroyd just bump into someone from Geotek in the pub? Or did he spend months researching and negotiating and persuading...

[ianguerin] 09/6/2022 21:21

zangdook - he's a non-executive director, so does that put a slightly different slant on things? The RNS says that all NED's are incentivised for introductions

[james188] 09/6/2022 12:35

As JDG pursue larger deals, I think it is pretty much inevitable that they will need to pay introduction fees. If they can continue to pay relatively low multiples, I think that such feels are fair enough to access attractive opportunities.

[zangdook] 09/6/2022 12:22

Thanks, I must have skipped that.

Wow, he's getting £800,000. For that sort of fee he could employ a full-time staff to look for acquisitions. Or so could the company - is it really so hard to find targets, or for sellers to make themselves known?

[milesy] 09/6/2022 12:09

Zang - re the introductory fee, see section headed "Deal Origination - Related Party Transaction"



"Based on the experience of the Group, the level of the Introduction Fee is materially lower than the fees charged by independent brokers."

[zangdook] 09/6/2022 06:46

...and they've corrected it

[zangdook] 09/6/2022 02:49

Nearly a quarter of a million pounds to a director as an introduction fee? That's rather a lot. I would have thought it might be considered part of his job as a director to introduce opportunities to the company, anyway.

They have the percentage wrong, too. 4,945 shares is approx 0.1%, not 0.001%.

[grahamburn] 24/5/2022 08:54

Provided the lumps lead to a smoothed out rise in profit over the medium term, don't think lumps matter too much.

[wad collector] 23/5/2022 20:18

Well the market certainly looks positively at the Geotek acquisition. From the outside, it is so hard to judge whether a price being paid is appropriate. Throw in a few words like synergism and visibility, and it sounds good. I like the following phrase; "Revenues tend to be lumpy". Let us hope that they are big lumps.

[davidosh] 23/5/2022 10:22

David Cicurel will be at Mello2022 on Thursday to meet shareholders

Mello2022, our annual flagship two day smaller growth company event will be returning to the popular Clayton Conference Centre in Chiswick, London W4 on Wednesday 25th May and Thursday 26th May.

There will be 60+ LSE Small Cap and AIM listed companies attending including David Cicurel of Judges who has been a great supporter of Mello over the years and first came to present to our community in 2008. There will also be keynote speakers such as Lord John Lee, Andy Brough, Leon Boros, Clarke Carlisle and Gervais Williams.

1 day tickets are £115 and 2 day tickets are £189. However they are available at half price to shareholders so to obtain 50% off just use code MMTADVFN50.

For more information, please visit the event webpage:

[cornishman33] 23/5/2022 06:59

JDG have acquired Geotek. This is the largest acquisition JDG have made and is expected to be materially earnings in the current financial year. Great news.👍

[tomps2] 25/3/2022 12:10

Judges Scientific (JDG) full year 2021 results presentation - March 2022

CEO, David Cicurel, Group FD, Brad Ormsby & COO, Mark Lavelle present the full year 2021 results for the period ended 31 December 2021. The Group delivered record revenue, profits, cash generation and dividends in a year which still presented challenges as a consequence of the pandemic.

Watch the video here: www.piworld.co.uk/company-videos/judges-scientific-jdg-full-year-2021-results-presentation-march-2022/

Or listen to the podcast here: piworld.podbean.com/e/judges-scientific-jdg-full-year-2021-results-presentation-march-2022/

[grahamburn] 23/3/2022 21:34

cornishman33.

Agree with james188 - the busier ae bulletin board for a share, the poorer the quality of discourse plus the potential attaction for traders.

This company is quiet and methodical in its execution which is exactly the right approach for its chosen market sector.

It's true that the dividend is on the low side, but at least the promise of a 10% annual increase has been kept and, often, exceeded.

Perhaps the only concern going forward is how long the company's driving force in the shape of David Cicurel will remain at the helm. At recent presentations he still seems highly motivated, so that's a good sign as well as the evidence that the other two executives are well-attuned to the business model and its execution.

[james188] 23/3/2022 17:09

JDG is an excellent share, but not cheap and it is a low dividend payer, although the total return is first rate. I am very happy for it to attract less attention than many other AIM stocks.