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Bloomsbury Publishing - Yet another 10% upgrade

May 2022

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.

  • Epic Code:
  • BMY
  • Price:
  • 401p
Bloomsbury has announced that revenue is expected to be comfortably ahead (with profit materially ahead for the year ended February) of even the recently upgraded consensus expectations post the previous trading update in late January. More specifically, chief executive Nigel Newton notes their “exceptional” sales in February, in part due to the demand for the new Sarah J Maas title in Consumer, and helped by strong backlist sales. On the Academic & Professional side, management note they have beaten their 2016 target of £15m revenue / £5m profit for the Bloomsbury Digital Resources (BDR) initiative on the back of both organic expansion and benefits from the recent acquisition of ABC-CLIO, with its digital footprint in the US high sc ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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