Bloomsbury Publishing Share Discussion Threads

[tole] 03/6/2021 07:32

https://citywire.co.uk/funds-insider/news/the-expert-view-diploma-bloomsbury-bodycote-entain-and-coats/a1514975Bloomsbury cash pile provides options, says AJ BellPublisher Bloomsbury (BMY) has delivered record results on the back of the pandemic reading boom and has plenty of cash in the bank that could prompt it to turn acquisitive, says AJ Bell.Bloomsbury saw sales rise 14% in the year to the end of February, allowing it to boost the dividend by 10%.'While bookshops have been closed for long spells during lockdown, consumers have been used to buying online or purchasing titles for e-readers,' said analyst Danni Hewson.'Releasing content in a digital format allows Bloomsbury to generate revenue from a backlist of previously published books at very limited additional cost, benefiting margin performance.'The company has also been prioritising academic and professional publishing, while a focus on digital resources 'served it well during the pandemic'.'Even with returning lots of cash to shareholders, Bloomsbury has plenty of money in the bank and this may raise questions over the prospect of acquisitions to boost its footprint and take advantage of a buoyant market,' said Hewson on Wednesday morning.Supporting that thesis, early on Wednesday afternoon Bloomsbury went on to announce the £8.5m acquisition of Head of Zeus, a London-based publisher of genre fiction, narrative non-fiction and children's books.Bloomsbury shares closed up 11.3%, or 35p, at 344p on Wednesday.

[tole] 02/6/2021 19:56

https://www.proactiveinvestors.co.uk/companies/news/951177/time-to-own-bloomsbury-publishing-say-brokers-after-impressive-year-951177.htmlTime to own Bloomsbury Publishing say brokers after impressive yearPeel Hunt expects revenues this year to grow to £195mln and profits to £19.5mlnBloomsbury Publishing PLC - Investors should own Bloomsbury Publishing PLC (LON:BMY) is the straightforward verdict of Peel Hunt after results beat expectations that had already been raised twice.Bloomsbury is diverse (geography, format, revenue type, subject matter, sales channel), with a very strong underpinning both financially (£54m cash) and IP (unvalued publishing rights), says the broker.Its performance through the pandemic was very strong, reflecting the appeal of its products and the benefits of the diversity it has achieved.Bloomsbury hails outstanding year as COVID-19 lockdowns spark reading revival"The company has a clear strategy which it has pursued consistently over time. It remains in our view an excellent company that is well managed.Peel Hunt expects revenues this year to grow to £195mln and profits to £19.5mln, a 10% increase, which would represent growth on the very strong 2021.Investec said the impressive performance over the past year reflected a combination of strong customer demand and high-quality content."Management's strategy continues to demonstrate that ongoing organic investment can deliver attractive shareholder returns in terms of both resilient growth, and cash generation to be deployed for both M&A and capital returns. "In the year to February, revenue grew 14% to £185.1mln, 4% ahead of Investec's forecast, with PBT growing 22% to £19.2m (also 4% ahead).Strong cash conversion led to net cash of £54.5mln, which underpinned both 10% growth in the final dividend and the announcement of a 9.78p special dividend.The consumer arm was the stand-out, but non-consumer grew 1%, supported by 3% growth in the Academic & Professional business with 49% growth in Bloomsbury Digital Resources highlighting structural acceleration in university demand.Shares rose 9.4% to 338p.

[richjp] 02/6/2021 17:09

The results are obviously excellent but what also impresses me, is that they have a clear strategy going for ward so I think there is more to come.

[18bt] 02/6/2021 13:16

Final results presentation now on web-site.

[cwa1] 02/6/2021 13:03

Thick and fast today. Wonder why not announced first thing with results?

Bloomsbury acquisition strengthens Consumer division: Acquisition of Head of Zeus Limited

2 June 2021

Bloomsbury Publishing Plc (LSE: BMY), the leading independent publisher, today announces that it has completed the acquisition of the issued share capital of Head of Zeus Limited ("Head of Zeus", "HoZ" or the "Acquisition"). The total valuation is GBP8.45 million, including payments of pre-existing loans. The consideration, net of pre-existing loans, is GBP7.35 million, of which GBP5.5 million will be satisfied in cash at completion, with GBP1.1 million payable in cash post completion, subject to working capital and other considerations, and GBP0.75 million of deferred consideration payable in cash subject to achievement of revenue, profit and Netflix release targets.

Head of Zeus is an independent publisher of genre fiction and narrative non-fiction and children's books, based in London. It has published many bestsellers, won literary prizes and industry awards. Its best-selling authors include Dan Jones, Cixin Liu, Victoria Hislop, and Lesley Thomson, and Elodie Harper, whose The Wolf Den went last week to number 5 in The Times bestseller list. Cixin Liu's bestselling science fiction trilogy, The Three-Body Problem, is being adapted for Netflix by David Benioff and D.B. Weiss, creators of HBO's Game of Thrones.

This acquisition will provide a strong addition to Bloomsbury's thriving Consumer division and support our long term Consumer growth strategy, with new high quality authors and effective publishing across all formats, including e-book and audio.

HoZ generated GBP8.6 million* of revenue in the year ended 31 December 2020, and profit before tax of GBP0.3 million*, with net assets of GBP4.6 million*.

Nigel Newton, Chief Executive of Bloomsbury, commented:

"Head of Zeus's entrepreneurial and innovative approach to publishing, and its wide range of trade titles, will make a strong addition to Bloomsbury's own. Bloomsbury will be able to provide the scale and digital platforms to boost Head of Zeus' success while operating as an independent imprint within the Bloomsbury Consumer division. We look forward to welcoming Head of Zeus' great authors and talented staff to Bloomsbury and working with them in the years to come."

[ygor705] 02/6/2021 08:45

Excellent results, loads of cash, big dividends announced and recent acquisitions to bed down. Too good to miss.

[aspringo] 02/6/2021 08:10

I agree, great results.My only negative and its not a big one, unless I'm reading it wrong , their outperforming for next year actually wouldn't have to beat these results.In the note it gives management expectations. Still the share price should do well on these results.

[18bt] 02/6/2021 07:23

Cracking set of results with a 3rd profit forecast upgrade; combined with a special dividend of 9.78p. Combined with the final of 7.58p, that's a yield just on those of 5.6%. these could push up to near the all time high of 391p reached in June 2005 when it was peak Harry Potter.

[cwa1] 02/6/2021 07:23

Gimmee a woo...gimmee a hoo :-)



Audited Preliminary Results for the year ended 28 February 2021

Excellent revenue and profit performance

Third profit upgrade

Special dividend declared

[dan_the_epic] 01/6/2021 23:38

how is that Eleco sell rating going Ciphersense?

Whoops! Eleco is flying. Rubbish call so far. When is the next update on that?

[ciphersenseres] 01/6/2021 21:34

Latest blog post covering Bloomsbury.

Quintessentially British - Bloomsbury Publishing. Link below.

hxxps://ciphersense-research.com/quintessentially-british/

[cwa1] 01/6/2021 07:07

Completion of acquisition of Red Globe Press

1 June 2021

On 23 April 2021, Bloomsbury Publishing Plc (LSE: BMY), the leading independent publisher, announced that it has signed a sale and purchase agreement for the acquisition of certain assets of Red Globe Press ("RGP"), the academic imprint, from Macmillan Education Limited, a part of Springer Nature Group.

Bloomsbury today announces that pursuant to the terms of the sale and purchase agreement with Macmillan Education Limited, completion has taken place.

The consideration was GBP3.7 million, of which GBP1.8 million has been satisfied in cash at completion and up to GBP1.9 million will be paid post-completion, subject to assignment of certain contracts.

[watchlist1] 21/5/2021 14:01

Results on the 2nd so probably a run up in anticipation of them.

[salchow] 21/5/2021 14:01

Price has been very subdued considering progress made by the company. Results out in early June and now a break out from the trading range. All good!

[petes5] 21/5/2021 13:54

Could be on the back of results from Future. However I am quite comfortable with this.

[smartmoney100] 21/5/2021 13:45

Any reason for this surge anyone?

[cwa1] 05/5/2021 09:26

Notice of Results

5 May 2021

Bloomsbury Publishing Plc (LSE: BMY), the leading independent publisher, will announce its preliminary results for the year ended 28 February 2021 on 2 June 2021.

[kennewil] 04/5/2021 14:25

https://www.theguardian.com/books/2021/may/03/im-bursting-with-fiction-alan-moore-announces-five-volume-fantasy-epic

[18bt] 28/4/2021 18:01

Bloomsbury’s latest deal good but not transformational

Publisher Bloomsbury (BMY) has acquired Red Globe Press for a sensible price but it is lacking ‘transformational scale’, says Peel Hunt.

Analyst Malcolm Morgan retained his ‘add’ recommendation and target price of 325p on the stock, which closed up 0.3%, or 1p, at 306p on Tuesday.

‘Sensibly priced and central to the group strategy, this is a welcome deal,’ he said. ‘The only thing it lacks is transformational scale.’

Morgan said the deal comes 13 months after Bloomsbury bought Zed Books and 12 months after it raised £8.4m through a placing.

‘Even post this transaction, the company is expected to end the current year with cash of £60m. In the absence of more substantial deals, it is time the company should consider a special distribution of the surplus capital,’ he said.

The analyst added that halving the cash pile could fund a special dividend of 36p.

[tole] 26/4/2021 16:16

Inching towards a breakout

[richjp] 24/4/2021 08:43

The opportunity with this company is the digital potential which is why I am a holder.

This acquisition is strategic and inline with their strategy.

[frazboy] 23/4/2021 08:42

Investor - I remember a chat I had with our CEO once, his rule of thumb was an RNS would be issued for anything material, which he defined as 3% (in as much as it can be calculated). So, I’m not sure there is an obligation to issue one but it looks a good deal and does show intent.

[investor0109] 23/4/2021 08:16

frazboy- not a question of size, but an obligation. Prudent move by board and yet more reasons to buy and hold BMY. If market sells off, I’m adding.

[18bt] 23/4/2021 07:32

But it does look a good deal.