Judges Scientfc Share Price (JDG)

Piworld.

Looking good.

JDG analyst presentation 18th March 2020.

https://www.piworld.co.uk/2020/04/28/judges-scientific-jdg-2019-full-year-results-march-2020/

With the virus running amok, I just thought I'd post these from yesterdays year end document.

· Cash generated from operations of £19.1 million (2018: £15.7 million);

· Adjusted** net debt of £2.0 million as at 31 December 2019 (31 December 2018: £0.9 million net cash);

o Statutory net debt of £0.3 million at 31 December 2019 (31 December 2018: £0.7 million net cash);

· Cash balances of £14.1 million as at 31 December 2019 (31 December 2018: £15.7 million).

Strategic Highlights

· Moorfield Nanotechnology acquired on 3 December 2019 for a consideration of £2.3 million plus excess cash.

Outlook and COVID-19

· The Group commenced 2020 in a strong financial position with a solid order book, both of which remain robust.

· The impact of COVID-19 is being closely monitored with all necessary precautions being taken across Group businesses.

· Pandemic will affect scientific conventions and our ability to travel safely to our customers and therefore impact order intake, sales and installations.

· Effect on current year trading performance will be limited if the outbreak only lasts a further two months and will have a progressively growing and more significant impact thereafter.

· It is currently expected that the impact on the Group will only be temporary and, that with its robust financial position, the Group's ability to conduct its business model will remain intact.

Thoughts ...
My thought is they have £14Million cash in the bank which should help for the next few months, I'm happy to hold in the current market, I'll be topping up as well methinks.

Wibble.
I've just come to this share myself via a moneyweek article, I was a bit wary of the shareprice as well, but checkout the latest investor presentation @28 minutes, the guy explains the share price.
Based on what I've seen so far I've just bought my first tranche. I think I'll be holding these for a long while.

I would really like to get in to this share but am concerned about a couple of things...
The rises have been steep recently - are they sustainable?
Does the high share price (c£60) impact volatility (as opposed to 100 shares for £60 for example) given the same overall value?