Bloomsbury Publishing (BMY)

Sector:

Media

Index:

FTSE Small Cap

220.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 302.00
  • 52 Week Low: 184.50
  • Currency: UK Pounds
  • Shares Issued: 79.09m
  • Volume: 36,587
  • Market Cap: £174.01m
  • RiskGrade: 315

Bloomsbury buys drama publisher Oberon

By Josh White

Date: Tuesday 10 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Bloomsbury Publishing has acquired the entire issued share capital of London-based drama publisher Oberon, it announced on Tuesday.
The London-listed firm said the consideration was £1.2m, all of which was satisfied in cash at completion.

It said the business would operate within Bloomsbury's academic and professional division.

Oberon generated £1m of revenue in the year ended 31 December, with Bloomsbury explaining that there were opportunities for profit enhancements following the integration of the business.

The acquisition was expected to break even in its first year, before reorganisation and acquisition costs, then be earnings enhancing thereafter.

It would contribute around £0.1m of revenue to Bloomsbury in the year ending 28 February.

The board said the Oberon programme aligned "perfectly" with its existing publishing, while also strengthening its offerings in contemporary and cutting-edge theatre.

With the combined lists of Oberon, Methuen Drama and The Arden Shakespeare, Bloomsbury said it would now be "the leading publisher" in drama and the performing arts.

"We are delighted to become owners of the prestigious Oberon list," said Jonathan Glasspool, managing director of Bloomsbury's academic and professional division.

"The Oberon programme aligns very well with our existing publishing within Methuen Drama."

Glasspool said the Oberon list strengthened the company's offerings in contemporary theatre.

"With the combined lists of Oberon, Methuen Drama and The Arden Shakespeare, Bloomsbury is looking forward to developing and diversifying its position as the world's leading international publisher in drama and the performing arts."

Oberon's founder, James Hogan, added that after 32 years it was time to ensure that his company and its authors achieved a "secure, lively home" in the future.

"I'm truly delighted that Bloomsbury, the leaders in drama publishing, are taking over to carry on the good work.

"I've spent nearly half of my life building Oberon's list and supporting new writers."

Hogan said the firm grew out of his work in a reading group at Riverside Studios in the early 1980s.

"I had little idea then that Oberon would flourish and become a major new force in the business.

"It's been a fantastic job working with so many brilliant authors and agents for so long."

At 1504 GMT, shares in Bloomsbury Publishing were up 0.77% at 262p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BMY Market Data

Currency UK Pounds
Share Price 220.00p
Change Today 2.00p
% Change 0.92 %
52 Week High 302.00
52 Week Low 184.50
Volume 36,587
Shares Issued 79.09m
Market Cap £174.01m
RiskGrade 315

BMY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60% below the market average60% below the market average60% below the market average60% below the market average60% below the market average
63.93% below the sector average63.93% below the sector average63.93% below the sector average63.93% below the sector average63.93% below the sector average
Price Trend
24.87% above the market average24.87% above the market average24.87% above the market average24.87% above the market average24.87% above the market average
51.52% above the sector average51.52% above the sector average51.52% above the sector average51.52% above the sector average51.52% above the sector average
Income
30.22% above the market average30.22% above the market average30.22% above the market average30.22% above the market average30.22% above the market average
9.68% above the sector average9.68% above the sector average9.68% above the sector average9.68% above the sector average9.68% above the sector average
Growth
13.58% below the market average13.58% below the market average13.58% below the market average13.58% below the market average13.58% below the market average
4.92% below the sector average4.92% below the sector average4.92% below the sector average4.92% below the sector average4.92% below the sector average

What The Brokers Say

Strong Buy 1
Buy 2
Neutral 0
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Total 3
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BMY Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Nov-19 25-Jul-19
Paid 06-Dec-19 23-Aug-19
Amount 1.28p 6.75p

Trades for 22-May-2020

Time Volume / Share Price
16:35 4,902 @ 220.00p
16:29 51 @ 219.00p
16:29 14 @ 219.00p
16:29 6 @ 219.00p
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BMY Key Personnel

CEO Nigel Newton

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