Bloomsbury Publishing Share Discussion Threads

[essential] 09/3/2021 18:26

Yep topped up today. Fall over done

[investor0109] 09/3/2021 14:10

Believe Peel Hunt right in their assessment of BMY's recent price action: 'unmerited given the strong series of CoVID updates, and perhaps reflects the inevitable hiatus in news flow'.

[thorpematt] 09/3/2021 01:13

I haven't bought back in yet...and it I am beginning to feel contrarian :-/

[cwa1] 08/3/2021 16:47

Must be the thing to do, as I topped up too. Doesn't feel very contrarian though ;-)

[scooper72] 08/3/2021 16:28

Also topped up in my SIPP holding.

[essentialinvestor] 08/3/2021 15:52

Back in this afternoon.

[salchow] 08/3/2021 11:44

The Investors Chronicle have reported this morning that "Pearson (PSON) has announced another restructuring plan, as the publisher scrambles to keep up with a broad-based digital shift in education which has been accelerated by the coronavirus pandemic".

This is the area that Bloomsbury have been expanding into over the past year in providing online material to colleges. Hopefully, it augers well.

[cwa1] 03/3/2021 16:43

Helped myself to a few on the earlier dip today, had hoped to get more but was a bit too slow. Possibly more opportunities to come though I suppose...

Interesting to have a glance at the TS from the end of January:-

Bloomsbury is pleased to announce that revenue is expected to be ahead and profit well ahead of market expectations* for the year ending 28 February 2021.

This follows continued strong trading in the Consumer division, for both Adult and Children's publishing. Standout bestsellers in the second half to date include the new titles Eat Better Forever by Hugh Fearnley-Whittingstall, Outlawed, Joe Biden - American Dreamer and Humankind, as well as strong backlist sales of Harry Potter, Sarah J. Maas, Why I'm No Longer Talking to White People About Race, Such A Fun Age and Dishoom. Nielsen has estimated that the surge in reading has led to the volume of print books sold in the UK during 2020 growing by 5.2% compared with 2019.

Academic and Professional also continues to make good progress in line with our strategic objectives. Our strategy of developing digital resources means we are well placed to benefit from demand from academic institutions during lockdown.

This excellent performance during the global pandemic is testament to the resilience, initiative and determination of our staff, authors, illustrators, customers, distributors and suppliers, together with the strength of our publishing strategy, supported by our strong financial position.

For me, that's about as bullish as BMY get and it is slightly surprising that the share price has fallen back so much since the heady share price euphoria that was created around the time of the update.

Hopefully I won't regret this additional sortie!

[salchow] 23/2/2021 14:18

I would hope it will find support around 260. Disappointing even so, when the company have promised results well in excess of expectations.

[investor0109] 23/2/2021 13:10

Recent re-trace presents a good buying opportunity in my view. Trading pattern quite typical of BMY- expect that those with a little patience will see BMY at 320-350p within the next 6 months following results due in May. May update expected to be fantastic, so say the historically cautious board.

[riverman77] 02/2/2021 15:22

While a profits well ahead statement always sounds good, the expectations were set very low (12m expected which is well down on previous year profits of 15.7m). Also, BMY had very strong H1 numbers (4m profit versus 2.5m previous year). Assuming they made 15m this year (this is what analysts are now pencilling in), this suggests H2 was well down on previous year (c.11m versus 13m).

[energeticbacker] 01/2/2021 11:32

The share price had been making steady progress over recent years, rising from a low of 146p in 2016 to a high of 299p by December 2019 following which it tumbled in the wake of the pandemic, only to rise again to the current price of 300p (Up 25% on the 240p price on 27 October 2020 when Investor's Champion last recommended the shares).

[investor0109] 29/1/2021 09:39

Fantastic trading update and confident more to come. Years '20-'22 might well be transformative for BMY and believe share price could reach new all-time highs this year. My view that BMY worth no less than 350-370p, though a considerable amount more should next 6 months trading be as good as past 6.

[18bt] 29/1/2021 08:27

BMY strong rise against mkt trend!

[babbler] 29/1/2021 07:32

Market diving

[brucie5] 29/1/2021 07:28

Publishers on a roll. Look at Pson. I see breakout here over £3 today, unless markets dive again.

[tole] 29/1/2021 07:20

I like the wording: Ahead and well ahead.. Bloomsbury is pleased to announce that revenue is expected to be ahead and profit well ahead of market expectations* for the year ending 28 February 2021.

[18bt] 29/1/2021 07:20

Great update. "Well ahead" in my book means more than 10%.

[ygor705] 27/1/2021 21:25

It always has to be remembered that BMY bought the rights to JK Rowling's first 2 Harry Potter Books for 2k. They must still be raking in the profit from that deal even though ancillary licensing rights are probably a bit down this year.

[investor0109] 25/1/2021 17:19

Profit-taking or late it seems. Perhaps far more to be taken had sellers waited another 6-8 weeks. BMY update due March 19th and likely to impress. Expect share price to slip back to 260-280p prior to big move up on results, to 320-350p. Read multiple articles touting BMY among among top picks for 2021.

[lancasterbomber] 12/1/2021 13:28

Interesting to see AJ Bell holding of £2.2m,nice to see I'm not alone in owning this.

[investor0109] 12/1/2021 11:12

Institutions Increasing Position as of 1st Dec. '20, descending in order of shareholders by size:
(INSTITUTION (HOLDING) +/-)

BlackRock, Inc. (£26.8m) +15.01%
Premier Fund Managers Limited (£15.4m) +3.18%
Montanaro Investment Managers Ltd. (£12.4m) +3.35%
Canaccord Genuity Wealth (International) Limited (£9.3m) +12.46%
Franklin Resources, Inc. (£5.9m) +11.67%
Dimensional Fund Advisors L.P. (£5.5m) +3.53%
Legal & General Investment Management Limited (£4.9m) +0.83%
John Newton (CEO) (£3.5m) +0.54%
N.F.U. Mutual Unit Managers Limited (£3.5m) +8.6%
Barclays Bank PLC, Wealth and Investment Management Division (£3.4m) +10.13%
Societe Generale Group, Banking Investments (£2.7m) +36.86%
M&G Investment Management Limited (£2.6m) +3.09%
A J Bell Holdings Limited, Asset Management Arm (£2.2m) +1.18%
Heritage Capital Management Limited (£2.1m) +5.38%

Institutions Decreasing Position as of 1st Dec. '20, descending in order of shareholders by size:
(INSTITUTION (HOLDING) +/-)

Charles Stanley & Co. Ltd, Asset Management Arm (£21.9m) -0.04%
Chelverton Asset Management Limited (£11.3m) -4.1%
Russell Investment Management, LLC (£5.6m) -9.41%
J O Hambro Capital Management Limited (£3.2m) -3.42%
HBOS Investment Fund Managers Limited (£2.9m) -0.17%
Majedie Asset Management Limited (£2.8m) -34.07%
Equiniti Group Limited, Asset Management Arm (£1.9m) -0.23%

[investor0109] 11/1/2021 14:28

nw99- agreed, consider it a great investment for '21 and beyond. Very well managed, cash rich and thriving during toughest market conditions in decades. Certainly one of my preferred options, as I watch tech and crypto boom and head toward bust.