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  • Writer's pictureMark Watson-Mitchell

Bloomsbury - Figures Should Make A Good Read

Bloomsbury Publishing (BMY.L) – I have loved this company since it came to the market way back in 1994, when it raised just £5.5m. Famed for very successfully publishing the Harry Potter series the company is now a global operation valued at about £160m, with its shares trading at 215p.

Brokers Peel Hunt are attracted by the company’s strong cash balances and its expansion and profits growth potential. The end February 2019 results are due out in May, by which time I reckon that the shares will be motoring up close to the broker’s 270p Target Price. I continue to rate this company extremely highly.

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