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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Scholium Group Plc | SCHO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 39.00 | 08:00:08 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 39.00 | 37.50 | 39.00 | 39.00 | 39.00 |
| Industry Sector |
|---|
| FORESTRY & PAPER |
| Top Posts |
|---|
Posted at 12/10/2017 17:31 by battlebus2 Peter Gylenhammar adding again... |
Posted at 13/5/2016 18:26 by battlebus2 Proactive also mention SCHO. |
Posted at 13/5/2016 07:49 by battlebus2 Really pleased with this mornings materially ahead statement with expected pre tax break even t. |
Posted at 27/4/2016 10:06 by cjohn Hi Huge Pants,OK, technically SCHO IS a net-net, but as you're aware, inventory is the lion's share of "current" assets at 7.42m at the half year. Well, given that yearly turnover is likely to be around only 6m, it's a real stretch to regard this inventory as highly current. Or put it another way, the quality of the current assets is far from cash-like. (And Hammers of course is quite right: there'd have to be heavy discounting in any fire sale to shift so much inventory in short order.) |
Posted at 03/2/2016 16:05 by battlebus2 Still like this stock and will add to my holding. House broker also likes them as an asset play which is no bad thing in current markets imv...Scholium is a unique alternative asset play focusing on the rare and collectible books market. After a difficult period since joining AIM nearly two years ago, we think 2016 will be a much better year for the shares and the current valuation of just over half net asset value makes them an attractive value play. Scholium also has scope for M&A in our view, building on its quoted status and with many opportunities in a fragmented collectibles market ripe for consolidation. This would be the icing on the cake. Scholium should offer value and excitement in 2016. Buy. · Interim results showed a rebound in performance December’s interim results showed impressive revenue growth (+38%) and a return to profit, quite an achievement given the dearth of Russian and Eastern European buyers over the past twelve months. This performance was due in part to diversification into other stock areas as well as the careful management of costs. Scholium Trading, in particular, is starting to generate the returns envisaged with a £463k H1 revenue contribution versus virtually nil last time. · Change to stock mix is paying off The Rare Books business of Shapero Books has deliberately shifted its stock focus to more resilient sectors reflecting the change in market conditions and away from Russia / Eastern Europe. Whilst this proved a successful exercise, it did lead to some sales at slightly lower margins with an overall gross margin of 33.3% versus 36.6% for the whole of last year. In addition, Shapero Modern selling modern art prints made a meaningful contribution to H1 revenue of £235k. · Strong balance sheet, Scholium is a value play Scholium’s balance sheet comprises mainly cash (£1.6m) and inventory (£7.3m), these two items alone accounting for around 50% more than Scholium’s current market cap. The net asset value per share of 74.7p at the half-way stage can be expected to improve moving forward as Scholium’s profitability kicks on thus making the shares an attractive asset play. This is our primary valuation metric: even applying a conservative 20% discount to factor in any stock risk suggests fair value of 60p per share. · With the business back in profit, 2016 should be a much better year For most of 2015, Scholium traded at a sizeable discount to its NAV. Now that profitability has been restored, there is scope for this discount to narrow substantially whilst the prospect of a dividend in due course would increase the shares’ attractions to a wider range of investor. Scholium is one to watch in 2016. |
Posted at 09/12/2015 07:24 by hugepants Profit of £6K versus a loss of £215K during same period last year.Certainly looks good value given the asset backing. They raised £8M at 100p last year. |
Posted at 19/11/2015 08:59 by hugepants Are there any other listed companies in a similar business to SCHO to compare? ie the rare collectibles business.Avarae (AVR) is probably one. Rare coins company released results this morning. They posted a small loss and valued at 20% discount to NAV. The NAV is basically the net value of the inventory, similar to SCHO. SCHO looks way undervalued if they have returned to profit and maintain dividend. Should be nearer 60p IMO. |
Posted at 27/10/2015 19:51 by silkywhite Just had to buy since these are too cheap now after a great update.Divi may be reinstated at half year since they are making a profit whereas last year at half year they made a loss but still paid a dividend. |
Posted at 02/7/2015 07:50 by jonwig They've issued their FY figures:On a quick reading respectable, all considered. But what does this mean: Our board remains committed to running the business on a profitable basis - we realise that, at current levels of activity, we are sub-scale for AIM ... I suggested in post #4 that they might consider delisting. Despite their decent asset cover I wouldn't want to be holding if that were a serious consideration. |
Posted at 18/7/2014 10:56 by philanderer Got it now...Scholium bookmarked Patient investors should take a closer look at rare books-to-fine art retailer Scholium (SCHO:AIM). Rising demand from well-heeled collectors and investment in stock to drive growth bode well for future earnings. Buoyed by £8 million raised at its flotation Scholium has been investing in attractive new stock including a portfolio by Andy Warhol. Net assets of £10.8 million as of 31 March exceed the present £10 million market cap. Guided by chief executive officer Philip Blackwell, a member of the Blackwell family whose roots in publishing and book selling go back to 1879, Scholium deals in rare and antiquarian books and works on paper ranging from historical maps to artistic prints. These are sold to high net worth individuals and institutions from premises in Mayfair as well as international fine art fairs. Scholium is primed to profit in a growing, global market for rarities. Competition in selling pricey rare and antiquarian books is limited, gross margins attractive at 40% and operational gearing means sales gains will drop swiftly to the bottom line. Maiden full-year results showed a loss after one-off IPO (initial public offering) and other expenses. However, earnings before interest, tax, depreciation and amortisation (EBITDA) grew 88% to £610,000 on sales 13.4% ahead at £6.7 million. Investors are also being treated to a maiden 1p dividend. |
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