I have been taking another look at Bloomsbury Publishing (BMY:164p), the company best known for publishing JK Rowling’s best-selling Harry Potter books. I included the shares in my 2014 Bargain Shares portfolio, and I last advised running profits at 172p ('Four small-caps with upside potential', 26 July 2016) when they were rallying towards the upper end of the 140p-185p trading range that has been in place since the autumn of 2013. Bloomsbury’s share price has hit the upper range twice since then, before profit-taking set in – a trader's dream.
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Simon Thompson
Miton’s primed for further upgrades
With growth in operating costs lagging well behind revenue growth expect profits to continue to surge ahead as assets under management build
Simon Thompson