Shares in instruments maker Judges Scientific rose on Wednesday after the company revealed that it is confident that adjusted earnings per share for the full year will exceed current market expectations.
The current consensus EPS forecast is 63.4p.
In a brief statement the company revealed that in the second half of the 2012 financial year, the group's businesses have generated satisfactory orders, sales and margins.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It also said that the Global Digital Systems business that was acquired in March 2012 has traded in line with the board's estimates at the time of the acquisition.
Broker Westhouse Securities said of the stock: "We have positioned Judges Scientific as a mini Halma/Spectris and today's upgrade indicates that there are good underlying businesses within the group which will be boosted by acquisitions."
The share price rose 3.59% to 937.50p by 14:38.
NR
-
UK inflation slowed again in March – but a rate cut could be some months awayThe latest Consumer Price Index (CPI) data came in at 3.2% for March. This was slightly higher than some economists expected, but takes us closer to the Bank of England’s 2% inflation target.
-
Pension vs property: which option provides the best income for your retirement?News With the cost of a comfortable retirement on the rise, future retirees need to weigh up which strategy offers the best returns. But is a pension a better bet than property?
