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

June 2023

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:
  • 408p
Another that continues great guns is Nigel Newton’s Bloomsbury, which this month reported a record set of full year results, coming in ahead of the March upgrades. Sales were up 15% to  £264.1m (9% organic growth) with a 16% jump in pretax profit to £31.1m with eps up 18% to 30.6p. The very strong performance saw net cash climb from £41.5m to £51.5m and the dividend is increased 9% to 11.75p. Non-Consumer grew sales 19% to £97.4m with a 43% increase in pretax profit to £13.1m, underpinned by Bloomsbury Digital Resources, which grew sales by 41% to £26m (+18% organically). As Non-Consumer is repeatable sales and has a higher 13% margin versus Consumer’s 11%, this is the swing factor. The Consumer division saw 12% sales growt ...

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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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