Secondary Recommendation

Bloomsbury Publishing - Trading ahead of expectations

June 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Those who say ‘dead tree’ publishing is finished might be forgetting that most reference and children’s books are still sold in paper format. That takes me to Bloomsbury Publishing (BMY; 234p) whose shares have broken through a crucial price point after a four year holding pattern. An upgrade cycle could be starting with results for the year to end February beating expectations, with sales up 13% to £161.5m and pretax profit and eps both up 10% to £13.2m and 13.9p, respectively. Three months into this year, it has said this year will also exceed analysts’ expectations.Bloomsbury was established in 1986 by current chief executive Nigel Newton who had spotted the opportunity to create ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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