Scholium and AIM: another one set to bite the dust

Back in the dim and distant past I remember my pal Evil Knievil making a joke about Scholium (SCHO), penises and hedgehogs. Or maybe I misremember. The point is that he never was much of a fan back in the black and white era and today the company has announced decent enough results but said that it is delisting from the AIM casino.

Scholium (#SCHO) – proposed AIM cancellation, argues its discount to NAV share price has “significantly hampered” growth ability

Scholium Group – full-year results, a value asset play?

Collectibles group Scholium (SCHO) has announced results for its year ended 31st March 2021 emphasising “a significant and encouraging increase in online sales across Shapero Rare Books, Modern Prints and Mayfair Philatelics” and that it “is now trading profitably in the first four months of the current year”. So why a current more than 6.5% share price fall to 28.5p?...

Scholium (#SCHO) – “incurred a modest loss in the first six months compared to the profit of £64,000 in the six months to 30 September 2019”

Scholium (#SCHO) – H1 swing to “small profit”, argues “encouraging given the challenging retail environment”

Scholium (#SCHO) – H1 LFL profit decline, loss including start-up Mayfair Philatelics

Scholium (#SCHO) – H1 “small loss”, expects H2 improvement after “a good start”

Scholium Group – return to profit & establishment of stamp business

I’ve previously been wary of rare books and collectibles group Scholium (SCHO) – stating I await evidence of the company making better returns from its asset base. The share price has though recently been rising – today on the back of a “Trading update and establishment of stamp business” announcement…

Scholium (#SCHO) – H1 return to profit (‘modestly’), establishment of stamp business

Scholium (#SCHO) – notes H2 improvement to “approximately breakeven”, cost savings implemented

Scholium Group – half-year results admit non-delivery of the expected return on increased capital…

I previously warned on rare books and collectibles group Scholium (SCHO) on the back of an October trading statement – and the shares are currently further lower, at 34p, on the back of the results announcement for the company’s half-year ended 30th September 2016…

Scholium – “benefit from the weakness in Sterling”, but still unsure whether year will meet expectations. Hmmm…

I wrote in July on rare books, arts and collectibles group Scholium (SCHO) as the shares declined to 32.5p on a full-year results announcement. They had recovered to 38p, but are currently more than 9% lower, at 34.5p, on a half-year (to 30th September) trading statement…

Scholium – full-year results, loss reversed & “markets stabilised”, but shares down. Hmmm…

Results for the company’s year to 31st March 2016 see rare books, arts and collectibles group Scholium (SCHO) comment “we were pleased with the performance for the year. A significant loss has been reversed and many of our core markets stabilised”. However, the shares are currently approaching 11% lower on the day, at 32.5p, in response. Hmmm…

Scholium – Taking a Punt on Rare Books

Investors in collectibles have had a tough time with stamp dealer Stanley Gibbons (SGI) in recent times, those shares down by 95% over the past 12 months. Rare book minnow Scholium (SCHO), on the other hand, is looking rather cheerful.

Scholium (#SCHO) says achieved breakeven last year with sales way ahead of forecast

Scholium (#SCHO) - another (lack of) profits waning - stresses balance sheet support