Bloomsbury Publishing Share Discussion Threads

[18bt] 16/7/2013 09:49

Pleased with the continued progress on these - could now be the deserved rerating

[elmfield] 15/7/2013 19:29

Just read Simon thompson's piece out today about these,
Explains the buying today,
Lovely jubbley!

[poacher45] 15/7/2013 17:36

sparkymoc
I would say it is to do with takeovers and cash payments spread over 3years.
tara7
AGM 23rd July

[sparkymoc] 14/7/2013 10:40

Anyone know the reason for the drop in cash between the two latest report dates?

[pillion] 12/7/2013 16:22

LIONTRUST INVESTMENT PARTNERS LLP now own more than 10%

[elmfield] 12/7/2013 16:15

See rns topping up.

[shauney2] 11/7/2013 11:31

140p maybe first off.Looking good here.Like to see how the growth translates into profit.
Nice 4.56p dividend to come in August.

[bogotatrader] 11/7/2013 11:28

150p next stop?

[games] 11/7/2013 09:35

TMT: BLOOMSBURY PUBLISHING (LON:BMY)

IMS: GOOD START TO THE YEAR

•Trading YTD (y/e February) in line with management expectations with revenue +19% and growth across all divisions. Adult +21% with early success of 'And the Mountains Echoed' by Khaled Hosseini. Other good performances from Paul Hollywood's 'Bread' and 'How to Bake' and other cookery titles plus the anniversary Wisden.
•Print revenue +16% and the majority of the YoY increase but digital +31% and rights and services +25%. The two acquisitions, Fairchild and Applied Visual Arts, contributed 1% of the growth.
•First Bloomsbury Activity Apps in the Children's and Educational division launched in H1. New adult editions of Harry Potter are published this month.
•Subscriptions to Drama Online are significantly ahead of expectation and in July Bloomsbury is launching Actors and Performers, a professional networking site for the acting community.
•Net cash at end of June of £8.5m (30th June 2012: £10.0m).




NORTHLAND UK VIEW: Good start to the year with growth contributions from each of the divisions. Although management has plotted a course to create a diversified trade and academic publisher, the company will always benefit from bestsellers and in H1 Khaled Hosseini has delivered his third bestseller. Shares are trading on 9.5x FY14 and 9.1x FY15 and yielding >4% - an undemanding rating.

[tara7] 11/7/2013 08:18

Phenomenal if you are selling this on behalf of Bloomsbury.

PTO;!!


Subscriptions to Drama Online, the digital resource for academics, students and performers, are significantly ahead of expectations.

[18bt] 11/7/2013 07:13

At first sight a 21% increase in YoY sales looks phenomenal. Obviously this includes the acquisitions and it's a dull part of the year, but still ... the full year forecast is only for a 6% sales increase.

[elmfield] 11/7/2013 07:06

See RNS today!
We should get support,
Wonder where we are going?
Excellent progress.

[bogotatrader] 11/7/2013 07:06

IMS this morning - looking very good.......

11 July 2013

Interim Management Statement

Bloomsbury Publishing is issuing its Interim Management Statement in respect of the period 1 March 2013 to date.

The Group is trading in line with management's expectations. In the three months ended 31 May 2013, revenues were up by 19% year on year. Each of our global divisions grew their revenues in the period, with the Adult division standing out with growth of 21% year on year following the early success of And the Mountains Echoed by Khaled Hosseini, which was released in May. Half of the sales of this title in the period were e-books. Other best-selling titles, which were from the Adult division, were Paul Hollywood's Bread and How to Bake, which led the continuing strong sales of cookery titles, Wisden Cricketers' Almanack and in the US The Cooked Seed by Anchee Min. In India we published our first trade title: The Captainship - First Gen Entrepreneurs edited by Anya Gupta.

Print title revenues increased by 16% and contributed the majority of the year on year increase in total revenues. In addition, there was also a 31% increase in digital title revenues and a 25% increase in rights and services revenues. The two acquisitions we made during the 2012/13 financial year, Fairchild Books and Applied Visual Arts Publishing, together contributed 1% of the 19% year on year increase in Group total revenues in the period.

In March our Academic & Professional division was awarded IPG Independent Publisher of the Year and Frankfurt Book Fair Academic & Professional Publisher of the Year. In May the division won Academic, Educational and Professional Publisher of the Year at the Bookseller Industry Awards. Other prizes in this period include the Gourmand Award for Best Cookbook on Italian Cuisine for Polpo: A Venetian Cookbook (Of Sorts) by Russell Norman. Several of our titles have also been shortlisted for prizes. In particular two of our Children's books were on the Carnegie Medal shortlist: In Darkness by Nick Lake and The Weight of Water by Sarah Crossan.

During the period, we published our first Bloomsbury Activity Apps in the Children's & Educational division. These were developed with Shoo Fly and included in the Guardian's Top 50 Children's Apps of 2013. Our new look editions for adults of J.K. Rowling's Harry Potter series are published this month.

Subscriptions to Drama Online, the digital resource for academics, students and performers, are significantly ahead of expectations. The site has been shortlisted for The Association of Learned and Professional Society Publishers 2013 Award for Publishing Innovation, which recognises truly innovative approaches to publication. It is one of a growing range of digital services from the Academic & Professional division. In July we are launching Actors and Performers, a professional networking site for the acting community with must-have career information. Authors, casting directors, actors and industry practitioners appear as guest bloggers and contributors to offer advice and insight into the profession.

At 30 June 2013 the Group had net cash of GBP8.5 million (30 June 2012: GBP10.0 million).

Sarah Thomson has decided to step down as a non-executive director following the expiry of her term, with effect from the date of this announcement. An external recruitment consultant is conducting the search process and an announcement will be made shortly.

Jeremy Wilson, Chairman, said "Sarah has been an outstanding member of the Board. She has committed herself whole-heartedly to her responsibilities as an Independent Non-Executive Director, bringing to the Board her understanding of the entrepreneurial culture in a company like this and her experience of the transformational demands on an industry currently subject to a technological revolution. As Chairman of the Remuneration Committee, she has steered it down the difficult road of meeting the requirements for reward of an able and committed Executive team at Bloomsbury. She will be greatly missed."

Nigel Newton, Chief Executive, said "Sarah has made a significant contribution to the Board with her specialist digital expertise which has helped to promote the strong digital culture that now exists across Bloomsbury."

Nigel Newton further commented "We have made a good start to the year with all our global divisions growing their revenues in the first quarter. In particular, the strength and depth of our Adult list is shown by growth of 21% generated across a range of areas including cookery and best-selling novelists such as Khaled Hosseini whose new novel And the Mountains Echoed has got off to a flying start. We remain well positioned to deliver on our strategy for growth as the synergies and sales advantages of having delivered a unified publishing group continue to come through."

[bogotatrader] 08/7/2013 07:14

Getting ready to 'pop'?

[bogotatrader] 02/7/2013 19:56

imho....getting ready for next leg up as pennant/flag seems to be formed nicely...

[elmfield] 01/7/2013 22:03

Agm will give us a idea where we are going?

[pillion] 30/6/2013 22:58

A decent signal nevertheless

[tara7] 24/6/2013 07:54

Just how much has been handed over to BMY to offer this Archive free to all sec schools in the UK , Canada and the USA.!!???





Churchill Archive: One-Time Purchase option Pricing information for Higher Education


Band A
33,500.00 GBP (Access fee 300.00 GBP)

Band B
33,500.00 GBP (Access fee 300.00 GBP)

Band C
26,800.00 GBP (Access fee 300.00 GBP)

Band D
26,800.00 GBP (Access fee 300.00 GBP)

Band E
20,100.00 GBP (Access fee 180.00 GBP)

Band F
20,100.00 GBP (Access fee 180.00 GBP)

Band G
13,500.00 GBP (Access fee 180.00 GBP)

Band H
13,500.00 GBP (Access fee 180.00 GBP)

Band I
13,500.00 GBP (Access fee 180.00 GBP)

Band J
13,500.00 GBP (Access fee 180.00 GBP

[rainmaker] 21/6/2013 21:24

BG,phenomenal growth in e-book sales and I think there may be news of an acquisition as well. More generally a slight shift in sentiment will send these shares to 160p.

regards

[bogotatrader] 21/6/2013 20:09

Rainmaker - are there any specific drivers you feel will drive the price up to that level next week or is it just buying interest and chart analysis?

[rainmaker] 21/6/2013 16:22

Agreed BT,obviously fundamental analysis rules but with recent strength there is a count on the chart to 148p so I expect ue to reach that level in the next week or so.

regards

[bogotatrader] 21/6/2013 15:56

Rainmaker, thanks - in run up and over next set of figures this could run up to 150p level and even then it would be cheap given your valuation......