Bloomsbury Publishing Share Discussion Threads

[jimmywilson612] 29/10/2021 15:34

Thanks for the bear viewpoint TRCML. I disagree with your views, but glad to hear them nonetheless.

I remember reading a stat that 63% of physical books sold in the UK in 2019 were to under 44 year olds. Surprising that isn't it?

You can't blame BMY if Retailers are buying earlier in the year though for xmas. Yes, there might be returns, but retailers know the longer the xmas season, the more people buy. Its as simple as that.

On the share price - For a circa £300M Market Cap you have £44M in cash, a company that has managed to double its profits within 5 years from circa £9M to forecasted £19M this year. To me - that seems like a well run business which can continue to grow from its current level.

[trcml] 29/10/2021 11:45

I bought into BMY some years ago but then it drifted so sold. I bight in again the other day on the strength of their Nobel prize winning author but sold on the results day for a small profit less than envisaged as i couldn't get a live quote at the displayed price and when i did it was some 12p lower. Books are amongst my weakness purchases having decided long ago to create a non-fiction library for myself but a couple of years ago I decided to stop buying as the cost of removal (when moving house) is reminder of the downside. These results are not in my view as good as they are made to sound. Forward-purchasing of stock by bookshops is only guaranteed if there are no returns. Also, the rate of stock turn for most books is slow, only best-sellers fly off the shelves. The share price is up with events, possibly overtaken, and likely to remain so which suggests to me little or no share price growth for the foreseeable future. Enjoy!

[shanklin] 28/10/2021 07:25

Tempus Buy Rec on BMY

[cousinit] 27/10/2021 09:07

Instinctively was impressed that cash levels stable given the special divi and acquisition costs.

Digital revenue becoming more meaningful (which shouldn't be impacted by supply issues unless it acts as a substitute!) which is encouraging.

[salchow] 27/10/2021 09:05

The CEO always comes across as very cautious to me. That may be a good thing in some respects but it doesn't get the share price up! I suspect some CEO's would be saying we will be ahead of forecasts rather than just confirming they will be met. The share is basically a long term hold.

[jimmywilson612] 27/10/2021 08:49

Rather customers bring forward their orders than the usual 'H2 Weighting' that we hear elsewhere. Doesn't seem consumer demand is a problem at the moment and with momentum - I smell a 'Trading Ahead' statement later on this year/after xmas

[18bt] 27/10/2021 07:54

At first sight these figures are out of this world - but they then disclose that revenues have been brought forward from H2 to counter supply chain issues meaning that they are not raising their guidance from the market consensus.

So well done for countering the supply chain issues, but it would have been very useful to give a better indication of how much revenue has been brought forward. I've never liked the accounting in the book trade of a sale or return basis. It feels like the forward statement is very conservative and market forecasts should rise, but no real feel by how much. Possibly the best indicator will be how much the cashflow hasn't increased, but I need to dig around the cashflow statement to estimate.

There's another Investor Meet presentation on 4/11 - the last one was very informative and I'd encourage s/h to register. Perhaps that and analysts notes might answer the question.

Overall very positive, but perhaps not quite so much as the headline figures suggest.

[cwa1] 27/10/2021 07:41

Interims:-



Commenting on the results, Nigel Newton, Chief Executive, said :

"Bloomsbury delivered excellent results in the first half with year-on-year revenue growth of 29% to £100.7 million and profit growth of 225% to £12.9 million. These are our highest ever first half sales and profits. These results demonstrate the strength and resilience of our strategy of publishing for both the consumer and academic markets, and our growth of digital revenues.

[piwood] 21/10/2021 10:09

The results for the six months ending 31 August 2021 will be announced on 27 October 2021.

[jimmywilson612] 21/10/2021 09:59

Does anyone know of when the next update of BMY is meant to be? Thanks

[cwa1] 08/10/2021 08:28

Abdulrazak Gurnah wins Nobel Prize in Literature

[cwa1] 01/10/2021 15:09

I've just topped up this afternoon at an average about 321'ish. Hopefully it won't look TOO crazy in a few week's time when results are announced...

[cwa1] 03/8/2021 14:42

@grahamburn, it was a SLIGHTLY light hearted comment, in that I wish that I had the type of job where I was well remunerated for doing my job in the first place and THEN the business bestowed upon me shares worth around 3/4 of a million pounds for good measure as well!

It's something I'm less than keen on generally, as it seems slightly out of kilter in terms of size to me, and can lead to a bit of excess in some companies. I realise that others will think differently. And, of course, if it is in the contract then people should be paid what they are due.

Of course, to be fair, the folk here have been shooting the lights out and certainly deserve to be rewarded, so no real arguments in that respect

[ygor705] 03/8/2021 14:12

I have just topped up. Prospects going forward look very good and I agree with the view in post 293 that Bloomsbury may be moving into a new era. I would draw attention to the article in the Times today about Scholastic Inc who have the US rights to Harry Potter books. Scholastic is roughly twice the size of Bloomsbury but may be entering choppy waters following the recent death of the former family owner and large shareholder Richards Robinson Jr. A bigger institutional presence looks likely after Robinson left all his shares to his former lover rather than former wife and kids. Any action is likely to be further down the road but some cross border consolidation could be a possibility.

[grahamburn] 03/8/2021 14:05

Do you begrudge the directors this when they have been instrumental in achieving the targets in a long term incentive plan?

Or have I misinterpreted your post?

[cwa1] 03/8/2021 13:22

Nice work if you can get it...

[stevesham] 03/8/2021 10:23

Investor0109 I couldn't agree more, great company, love the expanding digital offering, I am not really a chartist, but have dry powder to add to my holding when the price hits £3.37 which to my mind is a strong level of support, if it does reverse and breaks £3.50 before this I will add at that point

Top quality business, well established with an amazing portfolio of titles (not to mention good dividends)

[investor0109] 03/8/2021 10:11

Stevesham- market appears to have history of getting it wrong on BMY. I'm mopping up unwanted stock, with view that reasonable current value 400-420p and strong possibility of far more should BMY continue to trade well. Profit upgrades, stellar results, special dividends and acquisitions- BMY entering into new phase it seems.

[stevesham] 29/7/2021 16:59

Oh I don't know at one point it was crazy over 30p , but at least it came back somewhat

[grahamburn] 29/7/2021 13:48

Considering the ordinary and special dividends amount to 17.38p per share, the drop isn't too much out of kilter for an ex-dividend day.

[stevesham] 29/7/2021 12:02

The drop is crazy and makes no sense to me, long term holder, good results, putting it down to a thin market and maybe larger players MM's playing games in my view just noise, will continue to grow particularly with digital DYOR

[petes5] 29/7/2021 11:59

My mistake, buying on or after 29th no divi.Still a big drop though.