Bloomsbury Publishing Share Discussion Threads

[essentialinvestor] 05/10/2017 08:12

Sizeable net cash balance, Interesting longer term
potential with digital, if that division can really gain traction.

[muffinhead] 23/9/2017 21:43

This is a business that has to continually reinvest in new content which requires dollops of cash

Operating profit EBIT, outlook not that great... almost flat 2015 to 2020
Revenue has been increasing without the bottom line benefitting.

Return on equity is very low considering long term debt is relatively small

Current assets, stock and debtors make up 57% of assets on balance sheet. That is high. In a downturn these could get a severe haircut, raising exceptional losses

I've dabbled in BMY a few times. Share liquidity can be poor due to lack of interest. On the surface it seems a good dividend play
I suppose the risk is if there is a downturn, this could return to £1 on 10 times basic EPS

On the other hand some multiple expansion could take this back up depending on the whim of the market!

[shauney2] 14/9/2017 11:57

Thanks Masurenguy.
Charts seems weak at the moment.Still in that tight 4 year range though.Part of me wants it to go towards 140p again so ican top up.
Results late October.

[masurenguy] 14/9/2017 08:21

Bloomsbury Publishing (LSE: BMY) is another FTSE SmallCap dividend stock that looks very buyable to me today. At a current share price of 160p, the company is valued at £121m. It offers a forecast dividend of 7p for its financial year ending 28 February 2018, giving a prospective yield of 4.4%. In a Q1 trading update in July, the company reported revenues up 19% year-on-year (13% at constant exchange rates) and the board said it expects profit for the full year to be in line with its expectations. The analyst consensus is for EPS of 12.2p, giving decent dividend cover of over 1.7 times and putting the company on an undemanding price-to-earnings ratio of 13.1.

Impressive growth

Bloomsbury may be best known as the publisher of Harry Potter but it’s far from being a one-trick pony. For example, in its non-consumer division, its digital resource business is growing revenue fast from a low base. Overseas growth is also progressing impressively, with 61% of sales now from customers outside the UK. Bloomsbury Australia grew revenues by 50% (26% at constant exchange rates) last year and revenues in Bloomsbury India grew 46% (30% at constant exchange rates). The undemanding P/E, nice dividend yield and growth opportunity from digital resource and international lead me to rate the shares a buy today.

[masurenguy] 29/8/2017 09:55

A wizard buy for smart investors?

A publisher of printed books isn’t an obvious choice for a growth stock, but I believe Bloomsbury Publishing (LSE: BMY) has appeal. Not only does this group have a fast-growing digital division, but it’s also the publisher of Harry Potter books. With two new books due this year, sales should be buoyant.

However, my attraction to Bloomsbury stock isn’t just based on the company’s most famous character. I believe this is a high-quality business that’s performed well over a number of years, and now looks quite affordable. Starting with the basics, analysts expect earnings per share to rise by about 13% in 2017/18, and by a further 6% in 2018/19. This puts the group’s shares on a forecast P/E of 14.2, falling to a P/E of 13.3 in 2018/19.

Growing momentum

However, what’s interesting about this is that broker forecasts for the year ahead rose significantly after the firm’s last set of results were published, in May. The firm’s next set of figures are due in October. If the company continues to impress City analysts, earnings estimates could be upgraded again. Supporting Bloomsbury’s growth potential is a solid balance sheet, with £15.5m of net cash and no debt. So I’ve no concerns there.

I suspect many investors are overlooking Bloomsbury in favour of more exciting businesses. But in my view, this could be a surprisingly successful small-cap buy.

[louis07789] 18/7/2017 11:46

Really happy with these results. Hopefully will break through that 1.80 barrier and move upwards.

[cwa1] 18/7/2017 07:59

Solid enough IMHO:-

[louis07789] 06/6/2017 13:31

Wonder what prompted today's price pushing up... against the tide.

[cwa1] 30/5/2017 13:59

Afternoon

Just taken a few here at 173p. Might well not be the bottom-but looks like reasonable value to me hereabouts. Fingers crossed and all that stuff....

[shauney2] 18/5/2017 15:47

It briefly broke out of that tight range first thing.Happy to hold after the todays results especially with the growing cash figure.

Interview with the CEO who seems very bullish.

[louis07789] 18/5/2017 11:38

I really like this share and results have been decent over past few years but share price has stayed pretty tightly confined. I can't tell if that's a good or bad thing. Either undervalued or unfancied for good reason that I've totally missed lol.

[18bt] 18/5/2017 08:17

Yes- time for a special dividend or share buyback

[catsick] 18/5/2017 07:29

Results seem decent at first read, sales up cash balances high div increased and business performing well and growing, the investments they are making are all from internally generated cash so nice growth at a fair price ....

[gorse] 12/5/2017 12:48

Recent sales figures for printed books have been encouraging.

[shauney2] 11/5/2017 16:19

Results next Thursday.
Been in a tight range the last 4 or 5 years.They always flag up that they expect a strong second half.So lets hope so.

[catsick] 11/5/2017 15:33

Results should be out soon, shares seem do be mildly drifting up ahead, lets seeee

[walbrock82] 22/3/2017 16:48

Known for publishing the Harry Potter series in the UK, Bloomsbury is struggling.
The shares are 26% since 2002!
Valuing the company at £120m. JK Rowling is worth eight times more at £950m.

What is wrong?

Since 2012, Total Assets are up 170%, but earnings grew by 17%
Revenue rose 80% helped by trade receivables of 180%.
But, management is respectful by halving total pay.

Read more:

[catsick] 06/7/2016 12:35

This should be going upppp , revenue from overseas in fgn ccy while most costs are at home in gbp , results have been healthy and brexit should not hurt them at all ....

[wjccghcc] 19/5/2016 09:26

They warned of a 2mm hit to the income statement next year from investment in new digital strategy with a 4 year payback.

[18bt] 19/5/2016 08:53

Can't quite see what the market doesn't like.

[muffinhead] 19/5/2016 07:25

nice results

[duncan doughnut] 19/4/2016 19:10

Break out.