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Just noticed you post - thanks for sharing. Almost as exciting as the website lol!

Good news

There's much to be said for taking profit when you can. My comments were really in response to the earlier posts re. BMY being ripe for a takeover/merger. Rather than sitting and watching the e-book revolution pass them by BMY have been very proactive in embracing the technology and have changed their business strategy accordingly. I believe this sets them apart from other traditional publishers who will struggle to survive. In short BMY is reinventing itself and will be all the stronger for it. The interims next week will tell us far more about how successful their strategy is. Either way another good day here.

Morning all. In terms of potential revenue and Bloomsbury's future direction we shouldn't overlook the academic arm of the business. Remember this division of the business has higher margins and more digital opportunities. They have already made great inroads into this market and worth noting their programme of acquisitions with Hart Publishing being the latest purchase which specialises in legal academic works. They are really pushing the electronic side of the academic division with the launch of dramaonlinelibrary.com and churchillarchive.com - both provide downloads of academic works based on a subscription. They are also actively marketing overseas to english speaking markets including the USA and India. They have been awarded the IPG Independent Publisher of the Year and Frankfurt Book Fair Academic & Professional Publisher of the Year. Not bad for a new kid on the block. The strategy is for the academic side of the business to equal or exceed all other book (print or electronic) in terms of revenue and sales. IMO - this is where the future of BMY lies and I really like the innovative way they are going about it and are already producing fantastic results. Seems like a very good strategy and rather than sit and wait for the digital revolution to pass them by they have been proactive in adapting quickly to the changing world.

Target has been increased to 190 recently and is looking achievable. LL - have a good holiday!

lol ask now 170. It only seems a couple of days ago we were talking about leaving 150 behind.

Yes another good day here and for the markets in general.

lol - made a very nice profit on PFD a while back and good to see they seem to be doing well. Am also in AV. and spend most of my time dipping in and out of shares that I have got to know really well such as SPD/BARC/IMG/WEIR/VED and KAZ although I have to say I haven't touched KAZ for a while. I have a few AIM shares that I just keep hold of and have a bit of a weakness for bios. (IMM/SCLP/HIO at the moment)

LL - more like 3 years lol. Last time sp was at these levels was back in 2009.

1987 - yep well done. Lucky - Am also going to hold and will be very interested in the interims. I am impressed with the direction the BOD are taking BMY in and very hopeful that the interims will show that results are continuing to improve.

Possibly a combination of Investec increasing their target price to 190 and buyers moving in for the interims

lol - well done.

IC article here - afraid I'm not a member so can't access the whole piece Would be great if we could leave 150 behind us now - seems BOD's strategy may be paying off http://www.investorschronicle.co.uk/2013/10/02/comment/simon-thompson/an-e-commerce-winner-GOJ47rL6pvH7I0IdlGiyaM/article.html

Yep - pretty poor day on the markets today but trusty old BMY showing a bit of blue.

Wasn't watching BMY at all on Friday but interesting theory and wouldn't surprise me at all.

Yes getting very close to leaving 150 behind us

lol - have a look at the 6 month chart. BMY isn't doing too badly. The steady eddy of my portfolio!

Thanks for that. Well best scenario about 3 weeks to go until 6 months is up so could get news any day. Worst case we get any funds back in a few years and hopefully most of it would be intact as judging by the website they are being very frugal with our cash lol!

Yes you're right and in their AIM Admission Doc they have stated that they expect the first deal to be done within 6 months. Am also sure that in order to retain their AIM listing they need to complete the acquisition within a certain timeframe but can't remember now whether it's 12 or 18 months. "At the time of HIO’s flotation Evans was granted options over 4.05million shares (10 per cent of the equity), which will only vest in the event that an acquisition is completed within 12 months from admission, and if the share price is in excess of 20p per share"

Nice to see two or three days of blue. Now over 5 months since HIO listed and deal was anticipated within 6 months so hopefully not long to wait.