News blog
Judges Scientific
- BY: Andrew Hore |
- POSTED: 28/07/2009 |
Judges Scientific’s recent good trading news has held the administrators of Dawnay Day International to sell part of the investment company’s stake in the scientific instruments supplier.
Dawnay Day’s stake has almost halved and is now less than 3%. Dawnay Day still owns just over 100,000 shares but the removal of part of the overhang has been good for the share price.
Shares in Judges have risen from 92p to 102p since the disposal. The shares have risen by 59% in the past six months. Judges is valued at £4.12m.
On the same day as the disposal, Judges chairman Alexander Hambro acquired 25,000shares and 50,000 shares at 100p each. Another director, David Barnbrook, bought 2,500 shares at 96.75p each. These purchases are equivalent to the majority of the shares sold by Dawnay Day but they are not necessarily all the same shares.
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