Bloomsbury Publishing Share Discussion Threads

[investor0109] 02/6/2020 08:18

2toptrader- crikey, though BMY have always tended to be a little conservative, that surely was a masterclass in downplaying. I must say, however, that it's great to be invested in a business that doesn't often become hysterical one way or another!

Quite right you are regarding the renewed interest in reading, though I believe it was the closure of bricks and mortar bookshops that hurt their sales. With non-essential businesses set to open within the coming days and weeks, we might see that the next quarter isn't half so bad for BMY. This company a classic example of a boat falling as the tide went out.

[2toptrader] 26/5/2020 19:53

ps
I was watching the ceo interview on proactive the other day. blimey, is he always that "optimistic" ?! He could not believe that sales were down only 3% in march & april. He even seemed almost disappointed.
doh !, even an idiot like me can figure that during lockdown people play games, watch netflix... and YES, read a book. Ah, walk the dog in between as well.

[investor0109] 26/5/2020 17:02

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 16:26

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

[investor0109] 26/5/2020 13:05

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 11:59

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 11:53

ps. Not taking profits yet.

[2toptrader] 26/5/2020 11:48

Thank you.

[investor0109] 26/5/2020 11:34

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 11:10

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 08:18

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 07:03

Very impressed

[2toptrader] 20/5/2020 06:29

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 16:24

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

[games] 19/5/2020 07:30

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

[investor0109] 14/5/2020 15:55

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 11:32

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

[cwa1] 06/5/2020 11:02

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 18:02

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 13:44

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 13:38

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

[investor0109] 27/4/2020 13:32

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 13:18

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

[investor0109] 24/4/2020 08:37

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