Best Of The Best Share Discussion Threads

[papalpower] 18/7/2008 03:15

Best of the Best - AVOID

Companies: BEST

17/07/2008

Best of the Best (BotB), which attracts punters to its monthly spot-the-ball competition by showing off its sports car prizes in airport terminals, has met its reduced forecasts for the year to April.

The group increased its roster of airports by five to 15 during the year, including its first overseas site in Copenhagen as well as signing a seven-year, seven-site contract with 13% shareholder BAA. Even after warning in May that the loss of Heathrow Terminal 3 from the company's portfolio would considerably dent profitability, Best of the Best still managed to grow pre-tax profits 21% to £860,000, from sales up 23.9% to £7.3m.

Chief executive William Hindmarch, who brought the company to AIM two years ago with 11 airports on its books, says the new financial year has started well, with like-for-like sales in May and June up 12%. Buoyed by this performance and with £1.7m of cash on the balance sheet, Hindmarch has recommended a maiden dividend of 1p a share.

Hindmarch also anticipates 'great potential to augment growth' through BotB's online presence, on which will be placed 'more and more emphasis' in the future. Further airport additions are obviously crucial and, with the UK now a mature market, growth depends on expansion overseas, where sales lead times are longer.

For the current year, house broker Charles Stanley forecasts profits of £1m and 5.43p of earnings, placing profitable BotB on a lowly forward p/e of 5.8. But, although very cheap, the shares could suffer turbulent trading against a weak consumer spending outlook, especially as BotB has warned on profits a number of times before and its high operational gearing leaves profits susceptible to even a small reduction in sales.

[jimbox1] 16/7/2008 09:17

Decent enough results, but they should watch the expenses, which are growing faster than revenue. Divi is welcome.

[hsbcpremier] 16/7/2008 07:40

News - tougher
retail conditions being experienced in the wider market.



Administrative expenses UP (3,655) (2,815)

[hsbcpremier] 10/7/2008 20:42

profits are expected to be below market expectations for the
year to 30 April 2008.

The shortfall in revenues is largely attributable to the loss in November 2007
of the site in Heathrow's Terminal 3, which we were unable to include in our new
7 year pan-airport contract


results next weak.....

[hsbcpremier] 10/7/2008 20:34

ready to get another tonking - when are the results due?

[hsbcpremier] 06/6/2008 21:50

knife anointed with poison

[jay083] 27/5/2008 14:26

anyone got much of an opinion on this? have been watching for a while. The profits warning seems to be triggered by a couple of one-off factors, maybe 6 - 12 months on and they will be back on track? They could certainly fall further, but seem like reasonable value at the moment.
Thanks in advance.

[whizzy1] 27/5/2008 10:33

falling knife?

[hsbcpremier] 20/5/2008 19:41

almost a ne ;lo

[moob] 15/5/2008 00:14

Awful name. Awful Chart. Present economic situation - cant see people stumpig up £25 squid on a lottery ticket. Ticked down as i was dyor.

[whizzy1] 01/4/2008 18:07

Tree shake.

[whizzy1] 26/3/2008 12:53

Im looking for a trading statement early doors, not sure if announcing a new stand rather than money stats would be deemed a ramp, at least an article on Bests own sites could be linked.
Great company whatever - Im fine without news too - as great organic growth coming through - and clever board.

[papalpower] 26/3/2008 12:32

Certainly generated some interest.

[whizzy1] 26/3/2008 09:47

Topped up for the 3rd time here.

[whizzy1] 29/2/2008 23:25

Good news due 27th T5 Flagship stand opens, Ive topped up in anticipation.

Great organic growth expected throughout 08.



Turnover v Profit 8.25%

Revenue for the six months ended 31 October 2007 was £3.63million (2006:
£2.17million), an increase of 67 per cent on the previous period.

Nil Debt.

[qs9] 31/1/2008 08:36

lets hope for more blue today!

[matt123d] 30/1/2008 15:09

Added a few today, looks interesting.