News blog

Scholium Group

• BY: Andrew Hore |
• POSTED: 16/12/2014 |

Rare books dealer Scholium Group slipped into loss in the six months to September 2014.

Interim revenues were flat at £2.8m due to a lack of commission income but there was a swing from an underlying profit of £265,000 to an underlying loss of £216,000. There was a cash outflow as inventories were increased and creditors reduced but there was still £2.75m left in the bank. An interim dividend of 0.5p a share was announced.

The second half will be crucial and will indicate the success of the investment in stock. At this point in the year sales have been lower than expected.

At 82.5p a share, Scholium is valued at £11.2m. The NAV is equivalent to 77.5p a share.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFDecember2014_63.pdf