Science Group’s share price hits record highs after trading update

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Science Group’s share price hits record highs after trading update Market appetite for UK shares remains quite sickly, as worries over rising inflation dominate investor thinking. Both the FTSE 100 and FTSE 250 are in the red in Wednesday trading, though not all British stocks are struggling for grip. The Science Group (LSE: SAG) share price, for instance, has soared following the release of fresh financials.Prices of the consultancy group soared to fresh record peaks of 399p per share earlier in mid-week trading. They’ve settled lower but, at 390p, the Science Group share price remains 11% higher from Tuesday’s close.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Strong trading across Science GroupIn today’s update, Science Group, which describes itself as “an international consulting services group supporting the entire product innovation lifecycle,” said all three of its divisions have enjoyed “a good start to the year.”At its Services businesses, Science Group said its R&D Consultancy division — a unit responsible for around 44% of group revenues — “has seen particularly strong momentum in the Medical sector.” Growth here was strong in 2020, thanks to its participation in the UK government’s ventilator acquisition drive.Elsewhere, Science Group said “the Regulatory & Compliance division has continued the progress demonstrated in 2020.” Finally, it added that its Frontier product division “continues to perform well with material supply constraints likely to be the biggest risk in the current year.”On the back of this strong start, Science Group said it believes adjusted operating profit will grow 30% year-on-year in the first half of 2021. The company described it as “a particularly notable performance,” given the record profits it generated between January and June last year and the significant currency exchange headwinds it faces this time around.Asset sale ruled outScience Group also noted: “While it is still early in the year and the board is closely monitoring the impact of a strengthening sterling currency, this excellent start to 2021 provides a platform for the year as a whole and empowers the group management teams to continue to invest in future growth opportunities with confidence.”Additionally, Science Group said it has decided to retain its Frontier division after floating the idea of a sale earlier in the year. The company said ongoing review of the unit “not only confirmed the strategic position of Frontier but also identified a number of opportunities to further enhance and develop the business which are currently being evaluated.”Gross cash at Science Group stood at £29.5m as of 30 April, the firm said, while net funds clocked in at £13.3m. The company said added: “[Our] strong balance sheet and free cash flow generation enable [us] to continue to evaluate corporate opportunities to increase the scale and/or development of the Group in parallel with the organic investment activities.”City analysts think annual earnings at Science Group will rise 2% in 2021. This leaves the company trading on a forward price-to-earnings (P/E) ratio of 19.7 times. Enter Your Email Address Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Royston Wild | Wednesday, 19th May, 2021 | More on: SAG Simply click below to discover how you can take advantage of this.center_img See all posts by Royston Wild Image source: Getty Images Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.last_img read more

VIDEO: Catcher FPSO on sea trials before sailaway

first_imgBW Offshore-owned floating production storage and offloading (FPSO) vessel BW Catcher, built for Premier Oil-operated Catcher development in the UK sector of the North Sea, is undergoing marine trials in Singapore ahead of its departure to final offshore location. Earlier this week, Premier Oil launched a video of the FPSO starting its marine trials off Singapore. The unit is scheduled to leave the shipyard and head to the UK this month.The FPSO was built by Keppel’s shipyard where a naming ceremony was held in April. The vessel is 241 meters long, 50 meters wide and 27 meters deep and it will be able to process up to 60,000 barrels of oil a day.The Catcher development, made up of several fields discovered between 2010 and 2013, is located 170 kilometers south-east of Aberdeen. The development entails 22 subsea wells, 14 producers and 8 water injectors, on the Catcher, Varadero and Burgman fields which will be tied back to the leased BW Catcher FPSO. Upon completion, the vessel will be on a seven-year fixed term and 18 years of options contract with Premier Oil.At the end of July Premier Oil was working to complete the last of twelve wells scheduled for completion pre-first oil and the project remains on track for start-up in 2017.Offshore Energy Today Stafflast_img read more

Bill Miller, Wellington, 88: July 29, 1926 – Dec. 24, 2014

first_imgBill MillerBill Miller, of Wellington, longtime local businessman, died Wednesday, December 24, 2014 at his home at the age of 88.Bill was born the son of Floyd and Byrd (Thompson) Miller on Thursday, July 29, 1926 in Wellington.On August 9, 1949, he and Donna Katzenmeier were united in marriage in Craig, Colorado.  Together they celebrated 65 years of marriage.Survivors include his wife, Donna Miller of Wellington, son, Bryon Miller (Susan) of Wellington, daughter, Carmen Davis (David) of Derby, granddaughter, Brandy Sutton of Lawrence, granddaughter, Breeanna Malik (Trent) of Sugar Land, Texas, grandson, Myles Miller of Wellington, great-grandchildren, Boston and Acea Malik of Sugar Land, Texas and Raynee Miller of Wellington. He was preceded in death by his parents, step-mother, Dorthea Miller and three brothers: Hank, Chuck and Bob Miller.Funeral services for Bill will be held at 2:00 pm, Monday, December 29th, 2014 in the First United Methodist Church, Wellington. Interment will follow at Sumner Memorial Gardens, Wellington. There will be no visitation.A memorial fund has been established in his loving memory to the Chisholm Trail Museum. Contributions may be mailed or left with the funeral home.To share a memory or leave condolences, please visit are by Day Funeral Home & Crematory, Wellington.last_img read more