Best Of The Best Share Discussion Threads

[peart] 29/7/2020 19:32

There should be a trading update in circa 6 weeks.

Which will probably only say that the company is currently trading above company forecasts for the current year. Which doesn't tell us a lot that we pretty much assume is a given.

[investographer] 29/7/2020 08:40

Yes, have noticed those unbelievable prizes, near 200k cars with 100k cash!This company, one way or another, whether public or private is going to be huge in a couple of years, especially if it goes global.It has been my largest holding for quite some time from the 4 quid days : )

[jlstocks] 27/7/2020 12:08

Amazing prizes this week - I'm both a player and investor! (They do have 'special' weeks from time-to-time; there was a SuperCar week a couple of months back, where every prize was circa £100k or above AND the ticket prices are reduced. I shall be spending a lot more time on the picture this week...

How about confirmation of a knockout take over offer and a BOTB win in the same week. That would be some win double!!!!

[jeff h] 27/7/2020 11:49

Super Summer Special this week with BOTB - some of the cars also come with £100k in the boot.

Presumably increases in revenue are leading to increases in prizes.

[peart] 23/7/2020 18:21

My guess is that most of the traders or people who have to/want to sell have sold and a lot of other investors are holding pending a possible offer - hence less stock around. Unless the market makers are hearing rumours and have altered their strategies accordingly. Mind you I've no real detailed knowledge of how the market makers do their business.

[ryanc106] 23/7/2020 16:20

Mmmm definitely even less liquidity than usual for sure!

[arshadte] 23/7/2020 15:56

I can only buy 500 max. Something def up.

[ryanc106] 23/7/2020 15:26

Market makers seem to be short of stock as I can't buy anymore than 615 shares...
I also did a dummy sell and was offered £15.70 for 5000 shares so significantly more than the headline figure and they are willing to take that amount off me.
I know we keep saying it but surely we can't be far off some news now.

[serratia] 23/7/2020 12:49

The last two half years had revenue of £7.6m and £10.2m. The lines I track are pointing to £14m if the present progress holds up through the half year. The unknown to me is how much of a boost the mid week offer is adding to the revenue. I haven't included anything in my figures so there could be further upside.

[investographer] 23/7/2020 10:36

They dont normally do quarterly trading updates, but potential suitors need to be made aware of this, as the share price could really fly!

[ryanc106] 22/7/2020 19:32

IMO we'll get a trading update for the first qtr very soon which will show how they've smashed it out the park. Then a few days later with the knock out offer.

[3ootuk] 22/7/2020 12:37

"In circumstances where a company plans to conduct a formal sale process, Practice Statement No 31 confirms that the Panel Executive will usually grant a dispensation from (a) the prohibition on offer related arrangements under Rule 21.2 (per Note 2 to Rule 21.2) and (b) the requirements under Rules 2.4(a), 2.4(b) and 2.6(a) for any potential offeror to be publicly identified and be subject to the 28 day put up or shut up requirement (per Note 2 to Rule 2.6), provided that the board is genuinely putting the company up for sale...".

I suppose the Board must have had a minimum realistic target price set, and is waiting for any other companies to make a counter offer whilst they conduct due diligence.
If an offer is part shares/part cash then that complicates things as to whether they want shares in that company, and how to efficiently offload them into the market if they want to cash out. .

[ccraig69] 22/7/2020 11:48

it's telling. The must be a good reason to wave the rule.

[3ootuk] 22/7/2020 10:54

Over a month now. They should at least throw us a bone.
I suppose they need a couple of weeks to contact various parties to lay out rules, but there could at least be an interim statement beyond preliminary expressions of interest.

If Rule 2.6a hadn't been waived then we would know something by now under the 28 day rule.

[jeff h] 21/7/2020 17:49

Prizes getting bigger - this weeks winner won a Merc plus £60k

[ryanc106] 21/7/2020 12:37

Haha Biotecha/pharma not my thing tbh!
Only invest in proper seriously cash generative profit making money Printing machines like BOTB!
C’mon HINDMARCH put us out of our miseries!

[handykart] 21/7/2020 12:26

On the subject of GVC,the CEO Kenny Alexander is leaving. So if they are an interested party, maybe this is slowing things down.

[3ootuk] 21/7/2020 10:40

I think the hot money is in pharma stocks atm. Any Covid19 trial going into phase ii seems to be quadrupling overnight despite many of these failing stage iii.
Botb has been seen to quadruple already and maybe only 100-300% bid upside.
Strange world where a one shot loss making pharma values more than a solid profitable business with these potential returns.
Saying that, a bid could be rejected, and we are in for the long haul of developing the business.

[ryanc106] 21/7/2020 10:00

To be honest I am v tempted to add some more at these levels.
If an offer comes in we know it will have to be knockout to be accepted thus at least £10 per share more than the current share price
If no offer is adequate the current not cap is cheap for a business experiencing such exponential growth.
All in all risk/reward is v favourable at these levels imo

[peart] 21/7/2020 08:01

Interesting 300tuk - I've never studied GVC, but upon doing so would agree that they might be a possible acquirer of BOTB. Lots of potential bidders. Time will tell and as they say, "it isn't over until the fat lady sings!"

[3ootuk] 21/7/2020 07:30

Thinking about it, considering an offer has to be around £300m+, this would be a good fit for GVC.
They offer a lot of online gaming, with each offer keeping it's own identity.
They operate across Europe which allows a rapid expansion of the business, as they are already familiar with the licensing laws in each country.
They also have a tie-in deal with a company in the USA, where this could again be ported over. The USA is always a hard nut to crack, but the online presence is already there.
They could also advertise free in all their betting shops, driving the sort of customer who would be interested onto their online offering.
GVC are due a £200m vat refund which would go a fair way towards helping to pay cash for this.
They aren't afraid of acquisitions, having taken oven a major like Ladbrookes and other minor brands that have kept their identity.

A standalone SPAC might not have the leverage to do this, unless headhunt senior management from one of the other online betting sites. GVC chief exec has just retired, so there's a possibility short term.

Funding could be via GVC shares and cash. Liquid market so BOTB shareholders could sell out over a period of time.
The Botb founders would also see "their" brand continue and expand perhaps more rapidly than their more cautious approach. The founders have done a great job in building the UK brand, but will need local knowledge on other markets on how to drive a business.

[peart] 21/7/2020 07:01

Not today!

[peart] 21/7/2020 06:56

Will we have a 7 am announcement? - drumroll....!!

[peart] 20/7/2020 20:40

All the best to you too Investographer

[investographer] 20/7/2020 20:15

A decision either way must now be imminent