Updates

Bloomsbury Publishing - Seems likely to hit full year forecasts out of the park

November 2021

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.

The pandemic seems to have caused a reading boom as everyone turns to books for comfort and Bloomsbury’s H1 has walloped the ball out of the park. Typically its quieter half, the latest H1 set new all time records with revenues up 29% to £100.7m, pretax profit up 225% to £12.9m and eps up similarly to 12.8p. Growth in organic pretax profit was £8.1m, with two recent acquisitions, RGP and HoZ, contributing £0.8m.Mindful of possible supply chain issues, Bloomsbury has ordered its stock early, well in advance of the usual peaks in the run up to Christmas so I expect it to massively exceed the £19.3m forecast for the full year. As Investec also concedes, “our inclination is to increase fo ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Boohoo Group - Shore Cap initiate with 345p target

Growth Portfolio 3 - November '21

Bloomsbury Publishing - Shares pushed to new high by BookTok (March 2024)

Bloomsbury (January 2024)

Blomsbury Publishing - New Sarah J Maas 4 book deal whilst HBO plans Harry Potter TV series (June 2023)

Bloomsbury Publishing - Trading ahead of expectations - again (April 2023)

Bloomsbury Publishing (November 2022)

Bloomsbury Publishing (August 2022)

Bloomsbury Publishing (July 2022)

Bloomsbury Publishing - Yet another 10% upgrade (May 2022)

Bloomsbury - Digital sales take off (February 2022)

Bloomsbury Publishing (July 2021)

Bloomsbury Publishing (April 2020)

Bloomsbury Publishing (January 2020)

Bloomsbury Publishing (August 2019)

Bloomsbury - Meeting with management (December 2018)

Bloomsbury Publishing - Trading ahead of expectations (June 2018)

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