Bloomsbury Publishing Share Discussion Threads

[investor0109] 31/3/2020 10:18

BMY tipped by Motley Fool UK today as a stock to buy in light of Coronavirus:

[investor0109] 29/3/2020 08:16

BBC News- article covering 5 products/types of businesses with increased sales in light of Coronavirus. Publishers doing well it seems:

‘4. Reading matter
Another pursuit that’s popular with people who have time on their hands right now is settling down with a good book. And perhaps surprisingly, fictional accounts of epidemics are in great demand.
At number two in Amazon UK’s chart of most sold books of the week is The Eyes of Darkness by Dean Koontz. Although it was written in 1981, it describes a virus called Wuhan-400, in what appears to be an uncanny prediction of the coronavirus.
Another novel that is selling well is The Plague by French author Albert Camus. UK publisher Penguin says its sales in the last week of February were 150% up on last year and it is reprinting the book. Its sales have also risen sharply in France and Italy.’

[investor0109] 20/3/2020 11:23

Great to hear that Bloomsbury have lined up another acquisition!

[investor0109] 18/3/2020 12:55

Yes, let's hope that reading isn't prohibited too!

...Bloomsbury is a well run company, offering steady growth, high dividends and without any debt. At such a discount, the market would be mad to ignore it for too long.

The far reaching sell-off has revealed some bargains out there, it must be said.

[alexisk] 17/3/2020 16:37

I haven't heard any announcement yet that people are not going to be allowed to read books for the next few months. But it seems to me that reading, watching the telly, and browsing the internet are going to be all that is left to do for many people. The share price here should be going up, not down.

[investor0109] 17/3/2020 10:51

...BMY share price is now 44% lower than it's year high of 304p. Could it really be that this well-established company with little debt could really be worth 44% less today than it was just 8 weeks ago? I don't think so!

[investor0109] 16/3/2020 23:03

AlexisK- I’d had a similar thought. Even if not able to get out to the bookshop, delivery services still running and failing that, downloadable audiobooks too. I think as Bloomsbury has some exposure to the Chinese market, it has scared some people away. I bought some more at 170p, as I’m confident this will buck up over longer term

[alexisk] 16/3/2020 21:34

Since a lot of people are goimg to be forced to stay at home with nothing much to do for months on end, I would have thought a book publisher might do quite well in these troubled times.

[investor0109] 16/3/2020 11:13

Blimey, this has taken a hammering!

[games] 11/3/2020 13:44

Budget boost.

No vat e books

[essentialinvestor] 10/3/2020 21:20

Paris and London book fair cancelled reportedly.

[games] 10/3/2020 10:48

Trading update next week 19/03

I sold a few at 290,though I did not foresee such a fall.

Maybe holiday makers are large purchasers of books, and that industry is getting whacked.

Whsmith may be worth watching.

[essentialinvestor] 04/3/2020 16:51

BMY has always been given to sharpish moves, in either direction -
at least from my memory.

[investor0109] 04/3/2020 15:33

It looks to be a touch under 240p now, though as to why it would be is a mystery! No news to justify a fall of some 7%-8% today. Perhaps it's not an exciting enough share for the gamblers looking to make a quid forty quid.

[essentialinvestor] 04/3/2020 14:10

Had a small amount, heading under 2.40?.

[investor0109] 04/3/2020 13:43

Why on earth would Bloomsbury be tanking today? Bargain prices for a high quality company such as this!

[nw99] 27/2/2020 07:58

200 day support expect a big bounce

[montynj] 25/2/2020 09:21

Agreed..very over sold and bouncing off 200d moving averages

[nw99] 25/2/2020 09:11

Very oversold this one bought here

[scooper72] 16/1/2020 11:51

Just bought into this middle of last year. V quiet here. Has everyone sold and gone? Personally I'm thinking of topping up my small holding. Feels like a quiet steady div paying company.

[games] 11/12/2019 20:53

Two deals this month, albeit just seed planting at the mo. They are also looking to sell Whittakers.

A very quite bb

[18bt] 28/10/2019 07:50

Interims tomorrow and share price strong into them. H1 always week, but a good line up for Christmas

[18bt] 23/10/2019 06:29

Rise caused by Blackrock shuffling shareholdings and increasing slightly?

[18bt] 21/10/2019 09:31

Significant recent strength. No obvious catalysts - forecasts don’t look to have been raised, volumes aren’t unusual. Price looks much fairer now.