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Yeah, 400p minimum - decent rate of revenue/profit growth and v healthy divi. Management should have good credibility with market.
Agree, should be a minimum of 400p and closer to 500p IMHO.
GLA DYOR
Spot on Investor0109 - results ahead of expectations just as you predicted. Another great acquisition in the US, paid for with cash, aimed at accelerating growth in the company's largest market. Five-year target for digital content achieved, but clearly just the beginning of a highly profitable venture. Company is still looking seriously undervalued, imo, with sound management, proven strategy, organic growth outstripping the SP, and great prospects.
Expect that spam posting of user ‘pawlenty’ long since removed, yet must thank them for their insights and wonderful use of language.
Stock of shilled gas and oil producer ‘about to explode’, you say? Take note.
BMY latest thoughts from Richard Leonard, long term buy and hold.
PIWORLD interview 39m57s
Https://www.piworld.co.uk/education-videos/piworld-interview-with-richard-leonard-winners-and-losers-of-20
https://www.proactiveinvestors.co.uk/companies/news/968837/christmas-stocking-fillers-with-nigel-newton-of-bloomsbury-publishing-968837.html
Great sharing from Nigel. GLA
Agreed, although I'm slightly more bullish and adding in 350s. It feels as though BMY is being pulled down by the market generally. If we get to 340s then I'll add again.
I believe current SP offers buying opportunity in BMY.
Consistent as BMY has been in delivering strong results, so too has the market been in underestimating it’s performance.
The board is known to offer conservative estimates, preferring to overdeliver. Wise decision making has seen BMY achieve record beating results once again, mitigating to some extent risk posed by supply issues. The business has diversified, offering further stability and opportunities for growth. Bottom line- I’d not be surprised to see BMY exceed expectations again in the new year.
My view that BMY currently worth 400-420p. I’ll be adding at anything below 350p.
Nice finish, ex-div on Thursday might see this go above 400p tomorrow.
GLA
Another sharp spike this morning, makes you wonder if a big player is having a nibble?
The significant B2B deal highlighted by John Harrington here, gives an indication of the potential of the digital content:
https://www.proactiveinvestors.co.uk/companies/news/207636/bloomsbury-trading-in-line-signs-b2b-deal-with-the-icaew-207636.html
Agree with you guys. I think it's just a spread/small volume thing which creates lots of small opportunities to add if you want to.
Very happy with interim results. Nice comparison in this article to other listed publishing companies and their financials, good to be reminded of how well BMY is doing. https://www.thetwentiestrader.com/post/bloomsbury-reports-strong-half-year
Only 82m shares in issue. Many of them may be put away and forgotten, leaving the MMs short when there is demand, but suddenly awash (relatively) during a bout of profit taking?
The traditional business is doing extraordinarily well, but the relatively unnoticed digital strategy is the real gem here, long term sustainable growth with significant international possibilities. With that in mind, it's possible sellers may be taking profits far too early, but hopefully they'll use the cash to buy some books ( :
They fiddle around with the spread a lot. Currently 9%.
Agreed though that it is a solid company and conservative in their outlook. The indicators from latest results indicate that full year will beat the latest forecast but they are sticking to the original full year estimate given. Expect a lift when full year results come out.
This share is very possibly the most solid in my portfolio. Really a put away and forget one. However, from time to time (like today) there does seem to be some pretty significant price swings on no news. This would seem strange for such a reputable share which is (I believe) unlikely to feature in the sights of day traders. So what gives? Not concerned, price always recovers, but I do find it puzzling. Any ideas anyone?
Fantastic set of interim results, more to come I suspect. Market reaction to record-beating results and divi raise most peculiar. Those selling overlook that BMY board particularly conservative- to underestimate and deliver beyond their style and I like it. BMY offering diverse and online presence valuable- offers protection against impact of potential supply issues.
I’ll mop up anything sub 360p ahead of full year results. My view, 420-450p reasonable value.
Apologies, I mistook the record date for the ex-div date. Thanks Bazzaman
Ex-div is 4th November, always a Thursday.
GLA
Another great set of results with strength across the board. It seems that a lot of demand has come early this year and fallen into H1, as clients seek to avoid supply issues, so the spectacular, record breaking first half should be taken in context. There is an investor presentation on 4th Nov @ 12:00
Interim div 1.34p. Paid Dec 3rd, ex-div Nov 5th
I got out at £3.51 and missed capitolising when it hit £4.01. Only sold as I needed to fund other investments. I agree with your anticipated valuation and it should be noted the share price does fluctuate and is cyclical. Good luck with your accumulation think your confidence is well founded.
Market-wide jitters appear to have knocked BMY's SP, though I believe this provides a buying opportunity given strong trading which is expected to continue for the foreseeable. I consider reasonable current value in region of 400-420p and am confident that wider market will catch on once results published in coming weeks. If you're selling, I'm buying.
Anyone any idea why the price swung so much during the day from a small drop in the morning then back to level then at one point -0.32 to finally finish -0.07 down. Is this just due to small volume?
BlahBlah- surprise at one time now turned to astonishment! I’m buying into the dip, as it seems irrational market no longer trading on the numbers. My view, fair value 400-420p with far more on the cards as BMY looks to be entering a new era.
Market overreactions are always surprising. It's surprising how surprising they are.
SP down about 30p on a dividend roughly half of that, suggests market makers are far too sensitive to fairly predictable buying before XD, and selling afterwards. Spread is nice and low though: good opportunities for nimble traders.