- Chairman Alex Hambro has offloaded 2,000 shares, reducing his holding to 62,000 shares.
- The disposal comes as Judges announced a new acquisition, its third purchase in 11 months.
IC TIP:
Hold
at
5,200p
Judges Scientific (JDG) focuses on the scientific instruments sector with sales typically driven by long-term growth in higher education. But the group has suffered from the recent Covid-19 disruption to research projects around the world. Amid the closure of universities, cancellation of scientific conferences and industrial customers trimming their capital expenditure, Judges’ organic revenue shrank by 12 per cent year-on-year in the six months to 30 June. Conditions in North America – its second largest market – were particularly tough, with organic sales dropping by 30 per cent versus a year earlier.