Best Of The Best Share Discussion Threads

[peart] 08/12/2020 17:02

In several weeks, date to be announced which I find interesting...., we will receive the 6 monthly earnings report for earnings to the end of October. I'd be surprised if the news isn't good and we don't have a good day then. I reckon the special interim dividend will be decent for payment in February - circa 30p ish.

[investographer] 08/12/2020 15:33

I personally think that the current share price is irrelevant.It was around this level when the FSP started, so I am sure they were talking about a decent premium then, which the company obviously was not interested in.They will hopefully agree a value on the company soon & work backwards to the share price. It did not help when Paul Scott pumped & dumped this, staying it could go to 40 or 50 quid, saying it was a hold forever stock. He then sold & his followers followed.

[az4hr] 08/12/2020 15:27

I wonder if any acquisition price will vary depending on the share price. I would have been happy with £25 when they were around £19 only 30% premium but now £25 is nearly 90% premium to current share price

[peart] 08/12/2020 07:24

Looking good web traffic wise!!

[investographer] 07/12/2020 21:57

Https://www.similarweb.com/website/botb.com/#overview

[3ootuk] 05/12/2020 15:57

At least if someone wins the car they can actually drive it somewhere soon. And not just Barnard Castle.

[peart] 05/12/2020 15:25

I suspect that with the recent vaccine news, and with more good positive news to come, that the balance of power in any FSP negotiations is shifting in favour of BOTB. Quite simply with signs of light a natural lifting of confidence will occur making people more bullish and more willing to pay up. Also, if people are really interested they will become fearful that someone else, with the new found confidence returning, will beat them too it by upping their game price wise and stealing the prize. In the meantime, the 6 monthly earnings announcement is around the corner, with no mention yet of a date for this, which I found interesting. Once we get into the new year, the year end is in sight and we will start focusing on fwd eps. All positives, if current trends continue.

[investographer] 03/12/2020 22:02

It was 18 quid only a while back.Totally unacceptable, no way should this take 6 months.

[az4hr] 03/12/2020 19:52

Bloody annoying causing a stink in my portfolio. Incredible how long it takes to sell a company.

[peart] 03/12/2020 17:22

The way things are going, BOTB will be on a single digit fwd p/e before too long. Assuming growth continues as it has, and we have no reason currently to expect otherwise, the shares are getting crazily cheap. I'm relaxed with the FSP. If someone's prepared to pay a price that the directors find acceptable then we'll get a good exit, if not the shares will follow the earnings and things look pretty good on that front, to say the least. I suspect some people who are seeing areas of the market pop up feel they are missing out and are selling their stock, hence the sell off. This will probably be a mistake. Over the years the shares have often undershot, only to rise rapidly and violently on good news. Illiquid stock, so not surprising.

[solooiler] 02/12/2020 19:17

Boring as hell, hurry up and do something, company.

[3ootuk] 02/12/2020 18:19

There may be employee considerations such as TUPE and pensions.
Given the small employee base, they need to be fully on board or they could undermine company performance, as could any enforced change of staff.
Even changing senior management can alter the ethos of the company from a small family business to a potential multinational.

[ryanc106] 02/12/2020 15:51

Bets on...
Will we get an offer before Christmas?

I'm pretty certain we'd be above £20 now under our own steam if it wasn't for this bloody FSP :/

[3ootuk] 02/12/2020 13:01

Lol.. Shareholder interaction.
I bet they hate us, but they don't have enough money between themselves to buy us out.

[3ootuk] 02/12/2020 12:06

There's not much point BOTB even having a stock market listing with such a large holding by Directors and associated people.
They're paying £x00,000 for the privilidge, but no real benefit.

[serratia] 02/12/2020 11:59

Companies like BOTB don't need to hold a lot of cash. They don't have to replace old equipment or invest in new plant etc. This leaves them free to either or both buy back shares or pay special dividends. They have in the past done both.
They do need to hold some cash as a buffer. In 2017 they retained £2.1m, in 2018 £2.3m, in 2019 £2.5m and last year £5.2m. This year they could be doing 70p+ / share free cash flow so a 70p special dividend isn't impossible, maybe more if they drop their cash holding back to £2.5m.

[steptoes yard] 02/12/2020 10:39

709 serratia !!

[peart] 01/12/2020 17:46

There's a midweek competition as we all know and now a Christmas Golden Keys competition - all sounds good to me.

[peart] 01/12/2020 17:43

Also, judging on past performance and how the directors have used profits in the past, I expect 70p plus in dividends for the current financial year. So a 5% plus yield, not bad....

[peart] 01/12/2020 17:05

We are marginally higher price wise than we were before the FSP was announced. Earnings are on track to beat expectations. Expectations were targeted at 70p per share for the year to Apr 2021. As management have repeatedly stated that they are ahead of forecasts set at the beginning of this business year, this implies to me that they must be a minimum of say 20% ahead of forecasts. Why would you state after a small part of the year, if you were on target for say 80p, that you were comfortably ahead of forecasts, that would imply that you were say at the 6 month stage at 40p and with you not knowing how the year is going to play out you would say that the business was on target, and have a comfortable 14% buffer. Maybe in January 2021 if you had 60p in the bag and earnings were looking like an 80p hit would you state that you were ahead of target then. Hence, my view that BOTB is perhaps closer to say 90 - 100p minimum for this year based upon what they have said to date.
I, as such, believe the shares are a good buy at the current prices irrespective of a successful FSP. None of us know what next years fwd EPS will be, but common sense tells me that we must be on target for somewhere between £1 - £1.50'ish. Even if my view of this years EPS is wrong and the beat is to 80p with a fwd of £1 which I view as an absolute minimum, a fwd P/E of 13-14 for the growth that the company has is very cheap. Also, as the clock ticks, more and more of this current financial year is baked into the valuation. I've been buying more!

[serratia] 28/11/2020 21:40

Tax on salary 40%, tax on special dividend 20%.

[3ootuk] 28/11/2020 20:44

Considering the current value of the main shareholder holdings, they don't get paid much in comparison.
£160k plus bonuses cf tens of millions in shares.

[qvg] 25/11/2020 16:47

" The big holders are all still holding." and the patient small ones too!