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Judges Scientific

June 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Broker Liberum notes that Judges’ final results (pretax profit +11% to £31.7m) were remarkable for the fact that its dividend increased 17% to 95p and is equal to its IPO price in 2003, reflecting its formidable track record of growth, free cash flow generation and return on capital. Sales increased 20% to £136.1m with the US (+16%) and China / Hong Kong (+33%) the strongest regions. Net debt was £44.7m (1.2x EBITDA) up from £34.8m in FY’22 and reflecting £17.5m deferred consideration for Geotek. The latter is expected to land a significant contract, which is not factored into unchanged forecasts for eps of 391.2p this year and 424.9p and 453.2p in ‘25 and ‘26. I’ve already taken part profits but with plenty of f ...

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Easyjet

Hollywood Bowl

Judges Scientific (January 2025)

Judges Scientific (October 2024)

Judges Scientific - Shares soar to remarkable £112 (April 2024)

Judges Scientific (March 2024)

Judges Scientific (September 2023)

Judges Scientific (May 2023)

Judges Scientific (November 2022)

Judges Scientific (July 2022)

Judges Scientific (May 2022)

Judges Scientific - Eps to be ahead of expectations (February 2022)

Judges Scientific - Extraordinary total shareholder returns for scientific instruments group (December 2021)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X