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.
Bloomsbury has said pretax profit for the year to end February is running “materially ahead of expectations.” The swing factor wasn’t Bloomsbury Digital Resources but instead exceptionally strong trading in the Consumer division where CEO Nigel Newton notes strong demand for American fantasy author Sarah J. Maas, who is known for Throne of Glass, A Court of Thorns and Roses, and Crescent City. Also notable were the titles by Tom Kerridge, Martha Mumford and Katherine Rundell. In the light of the statement, Investec has upgraded its profit expectation by 13% to £31.1m for eps of 30.6p.
With a growing cash pile, further M&A looks likely. Tipped at 234p in June’18, the gain to date is 100%; keep buying.
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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