Judges Scientific advances on trading forecast

Judges Scientific gained three per cent Thursday after the group said it maintained momentum in sales, profit and cash flow last year.

Judges Scientific gained three per cent Thursday after the group said it maintained momentum in sales, profit and cash flow last year.

In a trading update, the manufacturer of scientific instruments estimated that adjusted earnings per share for the financial year to December 31st would meet market expectations.

Results were buoyed by an active year with two acquisitions and a £3.0m placing. The group purchased Global Digital Systems and KE Developments during the period as the businesses strengthened its position and expanded its product offering.

"The group's order book at December 31st represents almost eleven weeks' sales. This is higher than at the previous year-end but the figure is flattered by the inclusion, for the first time, of Global Digital Systems," the company said in a statement.

The organisation forecast another year of progress ahead following turbulent global economic conditions in 2012.

Shares climbed 3.1% to 1,017.50p at 10:56 Thursday.

RD

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Oil producers are back at their Covid-19 lows – is it time to buy?
Oil

Oil producers are back at their Covid-19 lows – is it time to buy?

With demand for oil hammered by Covid-19 and talk of “peak oil demand”, there are lots of good reasons to be bearish on oil producers. So, asks John S…
22 Sep 2020
The rising dollar is proving bad news for most other assets – will it last?
Investment strategy

The rising dollar is proving bad news for most other assets – will it last?

Precious metals, stocks and pretty much every other asset has taken a tumble as the US dollar strengthens. Dominic Frisby looks at how long this trend…
23 Sep 2020
Why you should stuff your end-of-pandemic portfolio with Chinese stocks
China stockmarkets

Why you should stuff your end-of-pandemic portfolio with Chinese stocks

For an end-of-pandemic portfolio, you need assets that can cope with today’s volatility. And that, says Merryn Somerset Webb, means Chinese stocks.
14 Sep 2020