Science Group Share Price (SAG)

Bound to see a rise today on those numbers! Should be back over 400p at some point soon. Quiet board is a good board!

Https://www.prnewswire.com/news-releases/think-surgicals-tmini-miniature-robotic-system-developed-with-sagentia-innovation-gains-fda-510k-clearance-301837839.html

Ruffer LLP have added a percent to their holding

Sooner or later SAG is going to pop,.

· Record H1 results, slightly ahead of the Board's expectations
· Revenue growth of 10% to £44.8m (H1 2021: £40.7m)
· Adjusted* operating profit increased by 22% to £8.8m (H1 2021: £7.3m)
· Adjusted* basic EPS growth of 10% to 14.6 pence (H1 2021: 13.3 pence)
· The Group continues to actively manage its strategic investment in TP Group
· Balance sheet remains very strong with Group cash of £38.6m and net funds of £23.9m (H1 2021: £29.0m and £13.0m)
· On track for another record year in 2022, despite the deteriorating economic outlook, with Science Group benefitting from sector diversification and a strong US Dollar.

Onwards and upwards yet again.
No mention of TP group though.
"The Group has had a good start to the year, with performance through April slightly ahead of the Board's expectations. It is therefore anticipated that the Group will report adjusted operating profit ("AOP") for the first half of 2022 around 20% higher than in the same period of the prior year. The Board is closely monitoring the impact of materials, energy and wage inflation but is benefitting from a broadly offsetting effect due to the strengthening of the US Dollar relative to Sterling.
Gross cash at 30 April 2022 was £38.4 million with net funds of £23.4 million. The Group's strong balance sheet, enhanced by the undrawn facility of £25 million arranged in December 2021, enables the Board to continue to evaluate corporate opportunities to increase the scale and/or development of the Group"