Bloomsbury Publishing Share Discussion Threads

[investor0109] 26/5/2020 18:02

2toptrader- it certainly can be irritating, though quite understandable given the dramatic share price spike. I imagine it'll not be long before share price tests 250p, what with non-essential retailers due to reopen within weeks and BMY's strong position both pre-Covid and in response.

The IC tip clearly made an impact today, so that won't hurt the share price either. It would seem there are among us, investors who didn't have faith in their own interpretation of the data on BMY.

[2toptrader] 26/5/2020 17:26

Investor0109True, annoying profit taking... Mr tonson souldn't have bothered. Let's see what tomorrow brings.

[investor0109] 26/5/2020 14:05

2toptrader- you might not have taken profit, though it appears everybody else was desperate for their cash! Bizarre to think that the share price might even close down today following the spike, though still an encouraging sign that the market now realises the value of BMY.

[investor0109] 26/5/2020 12:59

2toptrader- No trouble. No, I'll certainly not take profit at this point either. A mid-term investment of 3-5 years will deliver very well I believe.

[2toptrader] 26/5/2020 12:53

ps. Not taking profits yet.

[2toptrader] 26/5/2020 12:48

Thank you.

[investor0109] 26/5/2020 12:34

2toptrader- that's right, summary of Simon Thompson's view:

...SP fallen since 2019 Bargain Share Portfolio. Up 27% early Feb, now 4.5% in down. Long-term reasons to hold Bloomsbury: digital resources organic growth, using cash flow to make earnings enhancing acquisitions and targeting international growth has not changed. Moodest price-to-book value of 1.1 shares rate 'recovery buy'.

BMY offering great value- no debt, plenty of cash in reserve, targeting future acquisitions and growth, increased demands for products during Coronavirus and only short-term dent in sales where others suffered badly. Dividend paid as shares too.

[2toptrader] 26/5/2020 12:10

The shares spiked at 12 o'clock. Mr tonson from IC, I wonder ?! not a subscriber.had to happen, sooner or later.

[2toptrader] 20/5/2020 09:18

nw99 - looks like we're the only ones impressed. lol
two of their customers:

Waterstones- "some online orders might experience delays due to unprecedented demand"


Whsmith - interim results published 14/5/20: "Our online businesses have performed strongly, particularly in books where we have seen a 400% increase in sales during the past month".


Surely we seen the bottom in BMY, the Covid fundraise will make a nice acquisition.

[nw99] 20/5/2020 08:03

Very impressed

[2toptrader] 20/5/2020 07:29

Revenue from March and April (post fy end) down 3% year on year.
I'd say that's pretty impressive and ties in with retailers reporting v strong book sales. Management as usual conservative.
And the economy will open up a lot quicker than anticipated.

[2toptrader] 19/5/2020 17:24

Bought some as well today, before results. Figured that people got bored at home and started reading.

[games] 19/5/2020 08:30

Bought a few back recently, may be a mistake prior to results, (tomorrow). Humankind good reviews.

[investor0109] 14/5/2020 16:55

CWA1- though I believe you might be waiting a while longer than expected for a good return, I too am confident that BMY offers excellent value at current prices. The market seems to have overlooked BMY's enviable cash position and potential for further acquisitions.

[essentialinvestor] 06/5/2020 12:32

I was stopped out at 2.39 on my last buy, bought back in today.

[cwa1] 06/5/2020 12:02

Decided to take a handful at these levels on a medium term basis. Quality company that should benefit as and when things normalise, hopefully not too long though! Balance sheet bolstered by the recent placing too. Long way to go of course...

[investor0109] 04/5/2020 19:02

EssentialInvestor- I think you're right, general market optimism misplaced for now!

Realistic forecasting and cautious forward planning will make all of the difference in the longer term. If you ask me, investors needn't be concerned about those companies asking for a little extra cash for some security, but those declaring they don't need it.

[essentialinvestor] 27/4/2020 14:44

When's company that has £30 million in net cash raises funds,
it may point to the recent rapid bounce in equities being a tad optimistic.

[farnesbarnes] 27/4/2020 14:38

You go early or late when raising. BMY went early.

[investor0109] 27/4/2020 14:32

starpukka- from the most recent trading update:

'...a placing to raise approximately £8.4 million of additional headroom to provide financial flexibility to the Company to enable it to maintain appropriate investment to capitalise on future commercial opportunities, whilst ensuring it remains within its banking covenants.'

It would seem that BMY is preparing for a short term downturn in sales, yet still planning for long term growth. The current economic climate offers up a fantastic opportunity for well established, cash positive businesses such as BMY to buy smaller companies at a relatively low price, with future profits in mind.

[starpukka] 27/4/2020 14:18

Had 31 mil cash at end of last month. Why did they raise ? To aquire ? That would seem imprudent currently.

[investor0109] 24/4/2020 09:37

I believe RNS this morning confirms that Canaccord has more doubled it's holding in BMY.

[investor0109] 31/3/2020 11:18

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

[investor0109] 29/3/2020 09:16

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.’