Judges Scientific (JDG)

Sector:

Engineering

Index:

FTSE AIM 100

10,250.00p
   
  • Change Today:
    -50.00p
  • 52 Week High: 11,800.00
  • 52 Week Low: 7,400.00
  • Currency: UK Pounds
  • Shares Issued: 6.62m
  • Volume: 8,531
  • Market Cap: £678.41m
  • RiskGrade: 163

Judges Scientific reports 'strong recovery' in order intake

By Josh White

Date: Thursday 22 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Scientific instrument developer Judges Scientific updated the market on its first half on Thursday, describing it as a "period of recovery".
The AIM-traded firm said it observed a "strong" economic improvement in many of its markets, as well as continued Covid-19 challenges, primarily being travel restrictions which remained prevalent.

Despite the sustained impact of the pandemic on its commercial activities, Judges said order intake showed a "strong recovery".

Across the group, organic order intake for the six months ended 30 June was up 25.1% compared to the same period last year, which was down 17.3% on the first half of 2019.

Progress was the strongest in areas which were affected most in 2020, with North America up 41%, the rest of Europe up 34%, the UK up 26%, China and Hong Kong up 2%, and the rest of world geography up 8%.

Order intake still varied "considerably" from business to business.

The board said the improved order intake restored its organic order book to a "robust" 16.1 weeks of budgeted revenue as at 30 June, compared to 10.8 weeks a year earlier, and 14.0 weeks as the end of December.

Its total order book, including Heath Scientific and Korvus Technology, stood at 17.6 weeks at the end of the period.

Organic sales in the first half were up 5% year-on-year, with the prior year comparative itself down by 12% year-on-year.

That, the company said, was a reflection of two factors, with the performance in the first half of 2020 enhanced by a "significant compression" of the order book, whereas the first half of 2021 saw growth in the order book, which mitigated the recovery in sales.

"The group delivered strong profitability in each of the first six months of this year and generated positive operating cash-flow for the period," the board said in its statement.

"As a result, the group has maintained a robust balance sheet with solid liquidity and in the absence of an unforeseen worsening of the pandemic, the board is confident that market expectations for the full year will be met."

Judges said it would announce its interim results for the six months ended 30 June on 24 September.

At 1116 BST, shares in Judges Scientific were up 2.96% at 6,270p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

JDG Market Data

Currency UK Pounds
Share Price 10,250.00p
Change Today -50.00p
% Change -0.49 %
52 Week High 11,800.00
52 Week Low 7,400.00
Volume 8,531
Shares Issued 6.62m
Market Cap £678.41m
RiskGrade 163

JDG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
100% below the market average100% below the market average100% below the market average100% below the market average100% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
79.09% above the market average79.09% above the market average79.09% above the market average79.09% above the market average79.09% above the market average
65.71% above the sector average65.71% above the sector average65.71% above the sector average65.71% above the sector average65.71% above the sector average
Income
95.71% below the market average95.71% below the market average95.71% below the market average95.71% below the market average95.71% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Growth
1.28% above the market average1.28% above the market average1.28% above the market average1.28% above the market average1.28% above the market average
3.03% below the sector average3.03% below the sector average3.03% below the sector average3.03% below the sector average3.03% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

JDG Dividends

  Latest Previous
  Final Interim
Ex-Div 06-Jun-24 05-Oct-23
Paid 05-Jul-24 03-Nov-23
Amount 68.00p 27.00p

Trades for 28-Mar-2024

Time Volume / Share Price
15:01 48 @ 10,272.00p
14:59 1 @ 10,166.00p
14:51 150 @ 10,255.00p
14:48 1 @ 10,175.00p
14:48 445 @ 10,100.00p

JDG Key Personnel

Chair Alexander Hambro
CEO David Cicurel

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