Time to own Bloomsbury Publishing PLC say brokers after impr

Time to own Bloomsbury Publishing PLC say brokers after impressive year


Peel Hunt expects revenues this year to grow to £195mln and profits to £19.5mln
Investors should own Bloomsbury Publishing PLC (LON:BMY) is the straightforward verdict of Peel Hunt after results beat expectations that had already been raised twice.
Bloomsbury is diverse (geography, format, revenue type, subject matter, sales channel), with a very strong underpinning both financially (£54m cash) and IP (unvalued publishing rights), says the broker.
Its performance through the pandemic was very strong, reflecting the appeal of its products and the benefits of the diversity it has achieved.
“The company has a clear strategy which it has pursued consistently over time. It remains in our view an excellent company that is well managed.

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