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Bloomsbury Publishing Plc

Bloomsbury Publishing Plc is a United Kingdom domiciled multinational publishing company. The company’s principal activity is publishing of books and other related activities. The major subject areas on which the company publishes are; academic & professional, children and education, humanities, social sciences and knowledge & information. Its major revenue streams are sale of distribution rights, sale of publishing rights, book publishing and other publishing services. The company also has an online platform where it offerings are in digital format which include; Bloomsbury Fashion Central, Berg Fashion Library, Drama Online, Bloomsbury Collections and Churchill Archive. The company also has a number of subsidiaries namely; The Continuum International Publishing Group Limited, Bloomsbury Australia PTY Limited, Osprey Publishing Limited, Bloomsbury Professional Limited, Bloomsbury Information Limited, A & C Black Limited and Bloomsbury Publishing Inc.

The shares of the company have a listing on the main market segment of the London Stock Exchange. There they trade bearing the ticker name BMY.

Results Update

The company on 29 October 2019, published its results for the six-month period 1 March 2019-31 August 2019.

  • The Revenues of the company for the half year period were £71.3 million whereas for the corresponding half year period in 2018 the same were £75.3 million.
  • The profit before taxation of the company for the half year period was £1.3 million whereas for the corresponding half year period in 2018 profit before taxation was £1.6 million.
  • The Diluted earnings per share of the company for the six-month period was 1.28 pence, whereas for the corresponding period in 2018 Diluted earnings per share of the company was 1.62 pence.
  • There was a £3.1 million increase in cash in the company’s coffers to stand at £20.1 million as on 31 August 2019, while for the corresponding ending period in 2018 the value stood at £16.9 million.
  • The Interim dividend of the company for the six-month period is up by 6 per cent to stand at 1.28 pence per share, whereas for corresponding period in 2018 the value stood at 1.21 pence per share)

Source – Company half yearly result publication on 29 October 2019

Stock Price Performance at the London Stock Exchange

Price Chart as on 29 October 2019, before the market close (Source: Thomson Reuters)

On 29 October 2019, at the time of writing the report (before the market close, GMT 9.07 AM), BMY shares were trading on the London Stock Exchange at GBX 248.70.

The stock of the company has a 52-week High of GBX 268.44 and a 52-week low of GBX 189.56. The total market capitalization of the company at the time of writing this report was £195.85 million.

Outlook

The company expect its results to be significantly second half weighted, as in the past due to the month of October being the peak period for academic title sales followed by Christmas for sales of consumer books.

Highlights for the second half include the launch of four new BDR 2020 products in its Non-Consumer division, building on its strength in history, theology and fashion, including the Bloomsbury Fashion Video Archive offerings in partnership with Yoox Net-a-Porter.

There will be a small charge for this year on some of the company’s US print titles, printed in China and imported into the US on account of Increased US tariffs, introduced on 1 September 2019 and further changes currently planned from 15 December 2019. The company is closely monitoring the situation and working to ameliorate the impact for this year and thereafter.

Hunting Plc

Hunting Plc is a United Kingdom domiciled international engineering and related services provider to the leading upstream oil and gas companies of the world. The company is headquartered in London and maintains a corporate office in Houston. Other than having operations in the United Kingdom, the company also has operations in Netherlands, Canada, China, Indonesia, United Arab Emirates, Mexico, Norway, Saudi Arabia, Singapore, and the United States of America.

The company’s operations are spread across five geographical segments namely; US, Canada, Europe, Middle East and Africa ("EMEA") and Asia Pacific under brand name Hunting Titan.

The company, incorporated in 1874, is a premium listed public limited company traded on the London Stock Exchange. There its shares trade under the ticker name HTG.

Trading Update

The company on 29 October 2019 came out with a trading update regarding the third quarter performance of the company for the financial year 2019.

  • There is a net overall decline in the company’s Group profit in the third quarter compared to the first and second quarters of 2019. The Board of the company foresees a full year EBITDA result at the lower extreme of market expectations. The Management foresees a slowing in the drilling market across North America in the fourth quarter as well, which will further weight on the results of the second half-year.
  • New technology launched by the company during the year, include the E-SUB Perforating System and the T-Set One setting tool, both of them are witnessing good customer traction. The sales of the of the company’s H-1 and H-2 Perforating Gun Systems continue to add to the company’s revenues and reflect a greater share of Titan's overall gun sales revenues.
  • The Net cash of the company excluding lease liabilities standing on its books at the end of the third quarter was $58.5 million.
  • The interim dividend of 5.0 cents per share, was paid on 23 October 2019 and used up $8.3 million of the company’s funds.

Stock Price Performance at the London Stock Exchange

Price Chart as on 29 October 2019, before the market close (Source: Thomson Reuters)

On 29 October 2019, at the time of writing the report (before the market close, GMT 9.09 AM), HTG shares were trading on the London Stock Exchange at GBX 411.10.

The stock of the company has a 52-week High of GBX 707.50 and a 52-week low of GBX 386. The total market capitalization of the company at the time of writing this report was £701.15 million.

Outlook

Despite the challenges the company continues to deliver operating profits, generate cash and exercise strict cost discipline. The working capital of the company is controlled and since year-end ,it continues to report a modest reduction in its inventory levels. The capital spend of the company remains modest and tax losses from prior years continue to shelter the company from any significant outflows of cash in the form of taxes.

Plus500 Limited

Plus500 Limited is a United Kingdom domiciled company providing online trading platform to trade CFDs internationally. The company offers a basket of more than 2,400 different underlying global financial instruments including cryptocurrencies, options, ETFs, foreign exchange trading instruments, equities, indices and commodities. The Platform provides the flexibility to its clients to trade CFDs in fifty countries and in thirty-two languages. The platform is assessable through computer as well as smart phones using multiple operating systems and the company charges no commission on trades from its clients. The company has operating licenses in Israel, New Zealand, South Africa, Singapore, Australia, Cyprus and the United Kingdom.

The shares of the company have their listing at the London Stock Exchange on the Main market segment. There its shares trade using the ticker name PLUS. The shares of the company also form part of the FTSE 250 Index.

Trading Update

The company on 29 October 2019 came out with a trading update for the third quarter financial performance for the year 2019.

  • The company during the quarter witnessed strong improvement in its quarterly performance compared to the previous quarterly periods with handsome revenue growth and a robust EBITDA. 45 per cent of the third quarter group revenues were derived from outside the EEA region, while in second quarter of 2019 the value stood at 44 per cent.
  • About 40 per cent of the third quarter EEA revenues came from Elective Professional Clients (EPC) whereas in second quarter of 2019 the value stood at 40 per cent.

Stock Price Performance at the London Stock Exchange

Price Chart as on 29 October 2019, before the market close (Source: Thomson Reuters)

On 29 October 2019, at the time of writing the report (before the market close, GMT 9.15 AM), PLUS shares were trading on the London Stock Exchange at GBX 842.40.

The stock of the company has a 52-week High of GBX 1668.00 and a 52-week low of GBX 397.18. The total market capitalization of the company at the time of writing this report was £873.90 million.

Outlook

The underlying operational performance of the company during the third quarter and its new customer acquisition metrics remain robust. These new customers are expected to provide incremental revenues in due course. The company is confident that it can continue to outperform its peer group of companies by retaining the level of highly targeted marketing expenditure to exploit market opportunities as they appear in terms of customer acquisition.

 

   
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