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That would be jolly nice !
Investec has reiterated buy rating with target of 183 - would be nice wouldn't it?
Still dont get if ! if any other company reported hitting in sales target in excess year on year & divis incresed the share price would go thru the roof ! Not complaining though any movement upwards is always welcome though ! You can always want more !
pretty good divi though.Im a little disappointed with their current new author catalogue cant see a potential Rowling
I was hoping things may warm up for BMY after last report but may as well watch the kettle boil ! if it wasn't for the excitement of my other holding such as LLOY & AV I think I may just sell & cut losses . Will hold for a little longer of until next divi ! Wish Harry Potter would return !
Yes - and the two holding RNS's today explain those massive buys. Hope it continues tomorrow and you make your price!
Another good day havent seen so much activity on Bloomsbury share price for ages ! Nearly there for BE price
I bought a small amount of Zox but have now sold out at they had a large rise due to director buying but at least it covered my loss on bmy which I had held since xmas.
Hope you're right and in the meantime even if you are sitting on a loss the div means that it's better than leaving the money in the bank.
Obviously our chatter has also stirred up interest ! Another few weeks like this & will be joining you in profit ! Just looking at past results & sales which are basically back to HPotter days I feell + £2 is not out of the question by end of year !
That's good to know (Evening Standard) - Questor from the Telegraph also has it as a buy and another good rise yesterday. Topdog - did you buy anything else with the proceeds?
Like you kept for divis still along way off BE price. But yes never really kept eye on sp. getting interested now and may buy more to consolidate position. Yes noticed large trades the other day prob now stirring interst in some of the large financial institutions. The evening standard on Thursday evening had this highlighted as their top buy
typical rise I sold out the day after the results at 1.16 thinking that it was going to retrace back and wasn't keen on the growth prospects as revenues did not increase but they are doing a strong job of converting to digital and moving with the times
Yes not the busiest of bbs is it? To be honest had stopped even checking on the sp and was just holding for the dividend and because I liked the way they appeared to be adapting to the changing marketplace. Am now nicely in profit and am sure the sp will continue to rise steadily now. By the way did you notice those massive trades last night?
Thanks Boom at least i know there are 2 of us in the same boat ! But signs of SP reflecting theor trading status at last !
Yes have held for a while here. Think the sp has suffered because of doubts over how the Ebook revolution would affect BMY. Hopefully the latest (excellent) results will show that Bloomsbury have moved with the times and sentiment will return.
Long time trader & this share is one of my dogs in my portfolio However I just dont understand why this SP just stays so static it has increasing sales & profit over the years especially in Ebooks with really impressive growth . Divis are OK & that is why I keep but sitting on a loss at the mo ! I guess the size of the company doesnt help but it was flying when harry potter was on board with his broom ! Anyone else holding BMY & puzzled by the poor SP performance or am the only one ? Which prob explains it in the 1st place.
http://www.investegate.co.uk/bloomsburypublishing--bmy-/rns/unaudited-preliminary-results/201305210700121616F/ Great set of results - and increse in dividend
"Bloomsbury is a robust business, well adapted to the challenges of changing publishing trends and the increasing prominence of the digital market place. Our business is underpinned by an extremely strong author list and we are entering the new financial year with new books by Elizabeth Gilbert, author of Eat, Pray, Love and Khaled Hosseini, author of The Kite Runner and A Thousand Splendid Suns, two of the world's best selling authors."
"We will begin to have visibility of post-Christmas returns and the important post-Christmas e-book sales over the next six weeks," the group said. "The results for our 2012/13 financial year will be dependent on these and the completion of several contracts under negotiation." The group had net cash of £7.7m at the end of December compared to £10.6m at the end of August 2012. Nigel Newton, Chief Executive of Bloomsbury added: "We are making good progress on many fronts during the transition of the market towards more digital sales. E-book sales are showing strong momentum and we are greatly encouraged by the potential of our online Knowledge Hubs where we have some large deals in progress."
London based publishing house Bloomsbury Publishing said operating profit from title sales rose year-on-year during the four months ended December 31st 2012, despite a two per cent fall in title sales. Operating profit was boosted by lower relative costs, a lower returns rate and as online sales increased, the publisher explained. Key title sales during the period came from Paul Hollywood's How to Bake, Hugh Fearnley-Whittingstall's Three Good Things and J.K.Rowling's Hogwarts Library. E-book sales powered ahead year on year, up 58% in the four-month period, with particularly strong growth in the UK. Bloomsbury said the recent expansion of its Information division has contributed to an increasing pipeline of Rights & Services contracts. Budgeted income includes £2.7m from contracts scheduled to complete between now and the year-end.
Not that impressed with Bloomsbury website.My main concern is that it relects hte company.For example looking for latest fiction releases the 3 that are highlighted all came out in early spring none of which have recieved stellar reviews.trying to findo ut from their site what their best selling titles are cant seem to find it. Their author events look very sparse and dismal. Their childrens division now languishing after JK Rowling has gine too pastures new dont seem to ahve built on this paltform .Cant find any of Bloomsbury published childrenss books in Amazins top 20 Lets hope they have sold a few cookery books
Tthese are currently proving very lacklustre recently after recent RNS Do I smell something brewing?
In the light of the battle for Penguin and the proposed 'merger' with Random House, today's revelation in the Sunday Times that Mr Murdoch is gatecrashing the party with a 1bio cash offer for Penguin, Bloomsbury looks especially vulnerable. With a market cap of c.100mio a 'minnow' by comparison but certainly a nice 'bolt-on' for one of the larger publishing houses. Bloomsbury's strong balance sheet and successful diversification post Potter, makes it an ideal take-over target. Watch this space...