logo-loader
viewBloomsbury Publishing Plc

Bloomsbury Publishing progressing to plan

Snapshot

Here we take a closer look at Bloomsbury Publishing PLC (LON:BMY)

books

Quick facts: Bloomsbury Publishing Plc

Price: 270 GBX

LSE:BMY
Market: LSE
Market Cap: £203.39 m
Follow

What the company does

Most people who know of Bloomsbury, probably know it as the Harry Potter publisher.

It doesn’t shy from the soar-away success of JK Rowling’s boy wizard but to see Bloomsbury as a one franchise wonder is to miss the point.

Other major authors include Sarah J Maas, Lisa Taddeo and Lara Maiklem

To see it purely as a fiction publisher is also an error.

Top chef Tom Kerridge has been a huge seller for Bloomsbury in recent years, for instance.

It has two arms:

  • Its consumer division consists of Adult and Children's trade publishing
  • The non-consumer operation is made up of Academic & Professional, Special interest and content services

The finances

For the six months ended 31 August, Bloomsbury's revenue and pre-tax profit before highlighted items were both lower year-on-year at £71.3mln and £2.5mln, respectively.

Cash at the end of the period was £20.1mln, up 15% compared to last year, and the firm hiked its interim dividend by 6% to 1.28p.

“Our strong financial position and good cash generation, with a £3.1 million increase in cash since 31 August 2018, give us significant opportunities for further acquisitions and investment in organic growth,” said Bloomsbury's chief executive Nigel Newton in a statement.

“With a proposed interim dividend increase of 6%, we are on track to deliver our 25th year of consecutive dividend growth,” he added.

Video

 

Inflexion points 

  • The dividend has risen for twenty-five years running
  • Roster for second half of 2019 is strong 
  • Cash generation leaves it well placed for acquisitions

 

 

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Bloomsbury Publishing Plc named herein, including the promotion by the Company of Bloomsbury Publishing Plc in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Tin: Roskill's Jessica Roberts sees 'substantial growth prospects'

Roskill's Jessica Roberts says slowing economic growth in China and US-China trade tensions are thought to have had a negative impact on tin prices. She adds that the tin market has been in deficit in the last three years and output from large producers in Asia and South America is slowing...

1 day, 16 hours ago

2 min read