Scholium Share Discussion Threads

[battlebus2] 13/10/2016 07:26

Disappointing update this morning.... Materially below this time last year and small loss. Also not sure of the outlook though £/$ rate is helping. 1mm cash and NAV 74p Still a hold for me ATM.

[battlebus2] 09/9/2016 11:43

All resolutions passed at the AGM this morning, if anyone attended any write up would be appreciated...

[battlebus2] 02/9/2016 12:42

Moving higher today :))

[battlebus2] 01/9/2016 16:42

Nice finish to the day here and a 5k buy over the offer at 40p :))

[battlebus2] 24/8/2016 08:56

Bit of life here it seems with a tick up on this mornings buy. AGM on Friday 9th September but they don't usually issue a statement as there's one mid October. The fall in Sterling can only help with the overseas buyers imv but we will see later on in the year...

[battlebus2] 22/5/2016 08:34

Great article on the virtues of investing in rare books. hTTp://ow.ly/pT8c500xq4x

[battlebus2] 16/5/2016 16:06

A few sellers today taking the shine of progress. Happy to hold for 60p plus, dyor etc.

[battlebus2] 13/5/2016 18:26

Proactive also mention SCHO. hTTp://ow.ly/WQyE500epXf

[rndm355] 13/5/2016 15:20

I've covered this in an article today, happy to take feedback www.shareprophets.com/views/20715/scholium-taking-a-punt-on-rare-books Regards Graham

[battlebus2] 13/5/2016 09:58

Hi mod farm, yes lack of interest here at the minute but hopefully a return to profit and any acquisitions may help. Liquidity also an issue so buying for the longer term seems sensible imv Looks very cheap to me and hopefully over time we will see a decent rise in share price.

[hammers976] 13/5/2016 09:32

Net assets and cash have both fallen since the interim results. I'm in because of the discount to assets but I want to start seeing the book value grow.

[babbler] 13/5/2016 09:18

No not missing something. Meant cash and assets The Group's balance sheet remains strong, with net assets at the year-end in excess of GBP10 million (73.5p per share), including cash of approximately GBP1.3 million (9.5p per share)

[modform] 13/5/2016 08:41

Mcap 5m, cash 1.3m or am I missing something

[modform] 13/5/2016 08:36

I have this on my watch list bb2 but just don't like the business model

[battlebus2] 13/5/2016 08:29

It's a rare one this :))

[babbler] 13/5/2016 08:11

Nice discount to nav here. Cash more than mcap. But no interest.

[battlebus2] 13/5/2016 07:49

Really pleased with this mornings materially ahead statement with expected pre tax break even t. hTTp://www.investegate.co.uk/scholium-group-plc--scho-/rns/trading-update/201605130700061055Y/

[hugepants] 03/5/2016 20:54

CJohn, Enteq(NTQ) may also interest you.

[cjohn] 27/4/2016 10:06

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.)

[battlebus2] 22/4/2016 17:29

Lol more than today's market cap.

[hammers976] 22/4/2016 17:19

Any idea on the value of this business's inventory in a fire sale? What would be a realistic but conservative haircut to book value?

[hugepants] 22/4/2016 14:01

Well this mutt has net working capital of 72p per share so trading at a huge discount. A bit harsh for a company that returned to profit in H1. You're right on the trading update. They've released one each of the last 2 years in late April.

[battlebus2] 22/4/2016 10:17

Continuing to rise off lows, it's possible we may have a trading update next week if last year is anything to go by.