Judges Scientific comes out with another positive statement
Judges Scientific, the AIM-listed specialist in the design and production of scientific instruments, came out with yet another positive trading statement which pushed the share price back to all time highs.
The financial year ending 31st December 2010 concluded with a good performance with the result that that adjusted earnings per share for 2010 will now be materially above market expectations – estimates were for pre-tax profit of £2.7m and earnings per share of 41.1p, resulting in a 2010 year PER of 10.9x at the current price. Commercial activity was strong throughout the group and the order book at 31 December 2010 was equivalent to approximately two and a half months’ sales (Turnover for the 6 months ending 30th June was £7.6m), similar to the visibility experienced at the beginning of…