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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
|
|
|---|---|---|---|---|
| -3.60 | -9.09% | 36.00 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 36.00 | 36.00 | 36.00 | 39.60 |
| Industry Sector |
|---|
| FORESTRY & PAPER |
| Top Posts |
|---|
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 24/4/2015 22:16 by mach100 Dreadful since its IPO. Management are starting to look accident prone. Today's TU read like a horror story. Someone dumped 15000 shares at 41p which was below the bid at the time on the 20th of April and as there may be more falls to come Monday, holders might want to take a leaf out of that investors book, |
Posted at 18/7/2014 09:56 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. |
Posted at 01/7/2014 18:09 by horndean eagle SCHO problems stem from mail on sunday doing a huge write up on it. Encouraged wrong type of investor to pile in. When the huge buying didn't kick in it left all those looking for a quick turn stuck in the shares. It will take a fair while for them to go. |
Posted at 28/3/2014 14:03 by topinfo IPO 28/03/2014 and at 100p per share. Tipped by Joanne Hart of Midas Prior to Float and by Evening Standard. Seems some savvy investors in here too. One to watch IMO.Thread created for info, charts etc as reference. |
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