Bloomsbury Publishing Share Discussion Threads

[pireric] 20/3/2018 22:09

The issue is that these results are unsustainable so when you look to next year could easily be looking at y/y growth declines...

This years good growth is next years potential bad and all that

[cwa1] 20/3/2018 16:08

Not exactly huge upgrades:-

20 Mar 18 Bloomsbury Publishing PLC Numis Buy 181.50 238.00 248.00 Retains

and

20 Mar 18 Investec Buy 181.50 210.00 215.00 Reiterates

Whilst PH are unchanged:-

20 Mar 18 Peel Hunt Add 181.50 210.00 210.00 Reiterates

[louis07789] 20/3/2018 13:32

This has been bouncing around for a while. Will we finally break into £2 territory. Must come now....

[muffinhead] 20/3/2018 09:04

Time to open eyes... net cash increased ~50% in second half from 16.9 to 25 million

Discounted cash flow valuation needs updating




From interims...............

Group financial highlights

-- Total revenues up 15% to GBP72.1 million (2016: GBP62.7 million)
-- Digital revenues up 15% to GBP8.9 million (2016: GBP7.7 million)
-- Print revenues up 16% to GBP60.1 million (2016: GBP51.7 million)
-- Adjusted* profit before tax up 74% to GBP2.5 million (2016: GBP1.5 million)
-- Profit before tax GBP1.7 million (2016: GBP0.1 million)
-- Net cash up 85% to GBP16.9 million (2016: GBP9.1 million)
-- Interim dividend up 5% to 1.15 pence per share (2016: 1.10 pence per share)
-- Adjusted* diluted earnings per share up 70% to 2.81 pence (2016: 1.65 pence)
-- Diluted earnings per share 1.87 pence (2016: 0.15 pence)

[masurenguy] 20/3/2018 07:38

Great update - strange that it was released after the market close last night rather than 07.00 today.

Trading Update

Bloomsbury Publishing Plc is pleased to report that for the year ended 28 February 2018, while revenues are slightly ahead of expectations, profits will be well ahead of the Board's expectations. This follows excellent sales, particularly in January and February, with lower than anticipated returns, driven by certain titles including Tom Kerridge's Lose Weight For Good, which has been number one in the Overall Nielsen BookScan UK chart for four weeks since its publication on December 28th 2018. In one week the title sold over 70,000 copies, more than any book has ever sold in the UK in a week in January, according to the Nielsen BookScan records. In addition, the Group's net cash balance is now expected to be around £25m, significantly ahead of expectations.

The Group will report its final results for the year ended 28 February 2018 on 22 May 2018.

[markie7] 20/3/2018 07:26

Thanks. Very interesting

[pireric] 19/3/2018 22:56

Probably should do. Doesn't sound like this profit bump will be sustainable so maybe up 6-8% tomorrow

[jimmywilson612] 19/3/2018 21:39

Wonder how much above expectations the profit is?

Stockopedia has it at £9.6M currently so maybe circa £12M?

Net cash of £25M - £20M increase in 2 years!! Wonder if they have a plan on using that extra cash. Special Divvy/share buyback maybe?

[cwa1] 19/3/2018 16:53

Well that's a first for me. Announcements a few minutes after the market close are never good.....except this one.....

[flowerking] 19/3/2018 16:43

Lol.. December 28th 2018!!!

[bsdjj] 19/3/2018 16:43

Why put out a bullish trading statement after the market close?? And this Tom Kerridge book was apparently published on the 28th Dec 2018 according to the statement!!!!!!!

Someone pressed the wrong button???

[catsick] 15/3/2018 21:36

I read some interesting analysis that mentioned the situation on a report by a group called 13d unfortunately its a subscription only service so I cant link to it but the gist was that in the world of egatgets overload people are now assigning a much greater value to quality hard back books and the physical product, kind of like in the 1970s when digital watches came out it almost killed the swiss watch industry but the ones that survived went on to be worth many multiples of what they had been worth. The trend with these extra expensive harry potter books they are now launching will only get stronger. Having great IP will all of a sudden put bmy in a very powerful position.

[markie7] 15/3/2018 09:06

Do you have a source for that comment re hardbacks please?

[catsick] 13/3/2018 04:34

Interestingly now hardcover book sales are increasing globally as the quality end of the spectrum is being supported and ebook sales are the ones under pressure, as a content provider of higher quality merchandise bmy is actually going to be in a super sweet spot rather than priced for doom like it is at the moment, it has the potential for excellent returns from here .....

[solooiler] 04/3/2018 21:53

Tempted to buy in here on a 3 year viewpoint. Anyone with any big opinions on whether to or not? They should be slowly transforming this into a subscription software company.... any idea how much of the biz is now this? 10%?

[cwa1] 17/1/2018 16:39

Minuscule upgrade today:-

17 Jan 18 Peel Hunt Add 188.25 200.00 210.00

[cwa1] 03/1/2018 10:33

One of Ed Croft's(Stockopedia) Naps of 2018:-

[blondeamon] 13/11/2017 10:02

Sold today as it stalled and didn't breakout for a few days and worry it will retrace. Will be back in below 170p if it does.

[blondeamon] 09/11/2017 15:23

If it breaks 185 then 200p is the next resistance

[18bt] 09/11/2017 14:40

In danger of breaking out of this range ... if it does, how far does it go?

[shauney2] 08/11/2017 15:54

Having another go today.Needs to break above 190p to get out of a tight 4 year range.

[blondeamon] 07/11/2017 11:31

Alias Grace is a blockbuster on Netflix, with top ratings and record viewings. It's becoming a trend, book sales will do quite well IMO from this, everyone's talking about it.

Paul Hollywood's cooking show also starts next week, promoting his book "A Baker's Life".

It's bound to be a very good H2, topped up yesterday and expecting a breakout through 185 soon.

[goldry] 04/11/2017 19:41

Very happy to be proved wrong 😊

[blondeamon] 04/11/2017 17:04

Bloomsbury to publish book for Trump's first year as president.

"Bloomsbury is to publish a "major" book on Donald Trump’s first years as President of the United States, by New York Times journalists Maggie Haberman and Glenn Thrush.

Publishing director Alexis Kirschbaum pre-empted UK & Commonwealth rights from Natasha Fairweather at Rogers, Coleridge & White. The as-yet-untitled will be published in the US by Andy Ward at Random House, who acquired from Elyse Cheney."