Best Of The Best Share Discussion Threads

[mammyoko] 25/11/2020 15:56

Aggregating sales, purchases and unidentified trades between 3rd August and 25th November, only 286k shares have traded in total - just over 3% of the issued share capital. The big holders are all still holding. The share price movements are the result of illiquidity and a few loose holders moving on.

[ryanc106] 25/11/2020 14:25

Well said Steptoe. I need to work on my patience and keep perspective here.

[investographer] 25/11/2020 13:35

Just sent you a message Ryan ; )

[steptoes yard] 25/11/2020 13:08

Can't see the problem with the delay ole chap. It took them 20 years to build this company and a data room is open for prospective buyers to make enquiries. Five months is nothing when you are seeking out the best terms possible and a reset the dial mechanism that only they really have a steer on. have some patience. Holding over 70% they aren't going to worry about your holding and your price anchoring. Why should they? They're the ones with the skin in the game. Let them get on with it and see how it manifests. If no bid then fair play, pretty sure we'll get one though.

[ryanc106] 25/11/2020 12:37

Fair point. Will be interesting to see what happens but then again I've been saying that for 5 months now haha

[3ootuk] 25/11/2020 12:25

We really seem to be in the hands of one majority shareholder. If they sell, the company goes, whatever rifts it may create with the other shareholders.
If they refuse to sell when others want to sell, then would the buyers accept minority ownership that gives them no real rights?

[investographer] 25/11/2020 11:59

[e-mail] writing to him COOI have & he usually gets back.Told him that 5 months is totally unacceptable

[az4hr] 25/11/2020 11:54

what the hell are they doing how difficult is it to sell a bloody company surely the lower the share price goes the lower the value of the company

[investographer] 25/11/2020 11:47

Yes, back down to ore FSP levels.5 months is totally unacceptable

[ryanc106] 24/11/2020 16:09

Must admit, it is rather frustrating having alot of money tied up here doing very little when the rest of the market is bouncing v nicely.
I think if we don't hear anything within the next few weeks I think I may start selling down some of my position.

[pastybap] 21/11/2020 08:50

I wonder as well, if the directors intentions afterwards will determine if/who might buy the company. Do they actually want to retire? Private equity might want them to stay in place and perhaps offer them a percentage to do so. A betting company might not want them to stay on. Despite them having been shareholder friendly to date, there will still likely be an agency agenda involved.

[peart] 21/11/2020 07:33

I agree 300tuk....

[3ootuk] 20/11/2020 17:09

The kind of company they sell to may the the ability to take this multinational, which us where a high multiple could be paid. The current Board may have kept this UK only as its a regulatory market they understand, and don't want the hassle of multiple jurisdictions.

[peart] 20/11/2020 17:07

A lot of this will depend upon how bullish management are on the future, how keen or not so keen they are to get out and cash in, and how keen potential buyers are to acquire the business - none of which any of us are likely to know. In the meantime, us lot just have to wait!!

[peart] 20/11/2020 16:59

I'd be surprised if management sold out in the early 20's Investographer. You might be right, obviously, but I would only see that happening if management feel that after the dramatic recent growth that ongoing the growth rates are going to drop to single digit per annum growth. If they are seeing 100% plus growth this year and say a further 50% next year, why sell out for such a low premium?? I just can't see this suddenly dropping to shall we say more normal growth rates for an established successful business - ie single digits per year...jmho

[steptoes yard] 20/11/2020 12:36

That was Capt Oates!

[3ootuk] 20/11/2020 11:00

There could be performance clauses.
Or a shares/cash deal, and its the ratio of those.
A lot depends on the financial planning of the sellers, and whether there's a demand for the cash for family inheritance matters etc etc

[investographer] 20/11/2020 10:01

I also see a deal closing very soon.The relevant parties would have left a long time ago if they were not still interested.It is obvious that the sticking point is the buy out price.I can't see a massive premium, but around the low 20's looks possible

[steptoes yard] 20/11/2020 08:42

I wouldn't put too much weight on what someone says about their holding whether it's Paul Scott or Captain Scott.

In assessing BOTB where do they stand in the Gartners Magic Quadrant? And where are their competitors? Leaders as well? Challengers? Visionaries? Niche Players? I know the answer and I'm sure most of you do as well. What is their ability to execute and how complete is their vision?

There is always the prospect of disruption, that is life but if I saw a competitor advertising during Emmerdale that would tell me everything I need to know about them. Not value for money at £10k let alone £30k. It is not targeted advertising, it should programmatic by now whether on YouTube, billboards, search engines whatever. People who watch Emmerdale don't desire a £170k petrolhead murder machine, the demographic is completely wrong. That is, unless the competitive is offering a Toyota Avensis with walnuts dash thrown in.

Let's have a sensible discussion here and leave Paul Scott to his games elsewhere. This isn't going for 40 quid but I do, on the strength of their continued engagement, see a deal closing soon.

[peart] 19/11/2020 18:53

If it's all so easy for another business to copy BOTB's online success, why is it that established retailers who have "tried" to divert their business to an online platform have failed and are failing in droves. People are still buying but just from "those easy to copy" online stores.It might appear easy, but in practice it's not. It's a nonsense to assume that it is.BOTB's management has serious money in the game, as well. This makes a difference to a team from say a big gambling company who are tasked to break into this market with a budget. They are up against people who really care and people who can respond and act fast without the bureaucracy that comes with a larger platform.

[investographer] 19/11/2020 16:31

Paul Scott on Stockopedia: Personally, I'd like to buy back into BOTB properly at some point, as I banked most of my profit earlier this year.This after he said it was a hold forever stock, looking at 40 to 50 quid a share. Then sold most of his shares. What a wally!

[investographer] 19/11/2020 16:21

You still going on about Dream car giveaways?Their top prize this week is a second hand Audi 2009 model.Different league altogether.BOTB have built their brand, platform & customer base over the last 20 years- a slick business.I doubt if you hold or ever did.

[solooiler] 19/11/2020 15:03

Maybe this is the way to put it. If a gambling major starts a competition tomorrow. And rather than spending £2 on a ticket for a £50k car (company Y) you can win £80k by spending £1 a ticket (company Z)

If they get enough marketing who do you think the customer continues to play with? Company Y or company Z?