Bonkers Bargain candidate | More takeovers
Two more smaller companies, one on AIM the other the Main Market, announced takeover bids this week. Should the deal go through, which seems highly likely, it will certainly be a shame to see AIM lose one of its largest companies and biggest dividend payers. Elsewhere, profit warnings from two AIM companies covered here saw their shares sink, one has been a particularly poor performer over a long period, although that hasn’t stopped management being handsomely rewarded! Read on here for our forthright assessment on this and other news, including another positive trading update from a well-regarded publisher and a new candidate for our Bonkers Bargain series.
Bloomsbury: trading ahead again Bloomsbury Publishing (LSE: BMY), the Harry Potter publisher, continues to trade well, with revenue and profit for its financial year ending 29 February 2024 now expected to be well ahead of previous expectations – these were previously for revenue of £274.2m and adjusted profit before tax of £32.9m. We recently covered Bloomsbury’s excellent interim results here. The latest news follows exceptionally strong trading in its Consumer division for a number of titles and particularly Sarah J. Maas' 15 titles. Bloomsbury has published all of Sarah J. Maas' books throughout the world and has seen excellent growth…