Judges Scientific (JDG)

Sector:

Engineering

Index:

FTSE AIM 100

10,200.00p
   
  • Change Today:
    -100.00p
  • 52 Week High: 11,800.00
  • 52 Week Low: 7,400.00
  • Currency: UK Pounds
  • Shares Issued: 6.62m
  • Volume: 13,848
  • Market Cap: £675.10m
  • RiskGrade: 163

Judges Scientific swings to net cash amid 'more normalised' trading

By Josh White

Date: Wednesday 23 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Scientific instrument company Judges Scientific reported a 14% improvement in revenue in its final results on Wednesday, to £91.3m, as organic revenue rose 10% year-on-year.
The AIM-traded firm said its adjusted operating profit was 31% firmer for the 12 months ended 31 December, at £18.8m, while adjusted basic earnings per share were up 34% at 238.1p.

Cash generated from operations was ahead 34% at £19.6m, as the board lifted the final dividend by 22% to 47p per share.

That would take the total dividend up 20% for the year to 66p per share, which was covered 3.6 times by adjusted earnings.

Judges Scientific reported a statutory operating profit of £15.6m, up 53% year-on-year, while statutory basic earnings per share were ahead 53% at 201p.

At year-end on 31 December, the company's adjusted net cash totalled £1.4m swinging from adjusted net debt of £5.7m at the end of 2020, while its cash balance rose to £18.4m, from £15.4m at the end of 2020.

Judges' statutory net cash was £1.4m at the end of 2021, compared to net debt of £5.7m at the end of the prior year.

The firm's board said its organic order book stood at 22.6 weeks at the end of the year, up from 14.7 weeks a year earlier, as its total order book stood at 23.0 weeks.

During the year, the company signed a new £60m five-year bank facility to provide greater acquisition financing capability, while it increased its holding in Bordeaux Acquisition to 88% from 75.5%.

Looking ahead, Judges said a "more normalised" trading environment was resuming, adding that the war in Ukraine was further exacerbating supply chain issues.

Its record order book, however, was described as a "strong indicator" of further recovery.

"I am pleased to report that your group has delivered record revenue, profits, cash generation and dividends in a year which still presented challenges as a consequence of the pandemic," chairman Alex Hambro said to shareholders.

"The resilience of the group's business model and a good performance from recent acquisitions alongside the hard work by all our colleagues have enabled Judges to stage a solid recovery."

At 1256 GMT, shares in Judges Scientific were up 4.57% at 7,320p.

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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 10,200.00p
Change Today -100.00p
% Change -0.97 %
52 Week High 11,800.00
52 Week Low 7,400.00
Volume 13,848
Shares Issued 6.62m
Market Cap £675.10m
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
78.40% above the market average78.40% above the market average78.40% above the market average78.40% above the market average78.40% above the market average
54.29% above the sector average54.29% above the sector average54.29% above the sector average54.29% above the sector average54.29% above the sector average
Income
95.46% below the market average95.46% below the market average95.46% below the market average95.46% below the market average95.46% 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
1.91% above the market average1.91% above the market average1.91% above the market average1.91% above the market average1.91% 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
15:41 1,500 @ 10,275.00p
14:49 1,400 @ 10,275.00p
16:43 15 @ 10,200.00p
16:43 15 @ 10,200.00p
16:36 210 @ 10,200.00p

JDG Key Personnel

Chair Alexander Hambro
CEO David Cicurel

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