Best Of The Best Dividends - BOTB

Best Of The Best Dividends - BOTB

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Best Of The Best Plc BOTB London Ordinary Share GB00B16S3505 ORD 5P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 1,800.00 08:00:00
Open Price Low Price High Price Close Price Previous Close
1,800.00 1,800.00 1,825.00 1,800.00
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Industry Sector

Best Of The Best BOTB Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

shanklin: That is why I would like to know how BOTB define "customer engagement". Is it just the number of site visits or does it relate to the conversion of these into sales or perhaps the inducuments necessary to convert them into sales? All we needed was a definition which, if I had something to hide, I would not provide... ...It may be that BOTB were just very badly advised. I just do not like this uncertainty. I appreciate your past contact with management, and the historic business and share price growth, is more likely to elicit some tolerance of this on your part.
whittler100: Investographer, I bought into BOTB at £4 i.e. I arrived at the party rather early as I believe you also did. I had a large position that did superbly well for me so, most definitely not putting the knife into BOTB just putting in my opinion from the information that the company has provided. That information provided by BOTB suggests that after a super H1 last year things plateaued in H2 and then drifted south in the first part of HI this year; hence my being comfortable to watch and wait for the next trading update before deciding to reinvest or not. As for Mark Slater, I would imagine Mark Slater would rather have his £24 per share than the price that we see now and with a 9% holding as the major institutional holder, he would find it difficult to sell rapidly without trashing the price. So, he will probably hold and hope that the revenues pick up as we enter freedom.
whittler100: As an ex-holder, I don’t think anybody can seriously make a valid call on BOTB until the next RNS from the company and judging by other years, this will be at the AGM in September when we will be a third of the way through their FY. So, we may well see some drift until that time. It takes two views to make a market and I remain cautious on BOTB; will there be a profits warning to follow? If the next TU shows a return to growth (remember the second half of last FY was almost flat compared to the first half suggesting that growth has stalled then we had the "slowing down" from the most recent TU) then I may well take another position.
peart: Well, an interesting morning awaits us tomorrow! Unless management signal a use for the profits apart from the usual very nice dividends, my prediction, for what that's worth, is an 80p special dividend plus a 4p final dividend. Based upon in-line earnings of 125p Hopefully, and perhaps more importantly, a very nice trading update for the year to date from 1.5.21. Looking forward to seeing what's announced. Good luck to all the regular posters here.
peart: The way things are going at the minute with the share price, one could assume that BOTB has been a Covid wonder and nothing more. I'm not so sure. I just cannot see a company growing by 250% in one year to suddenly just flounder - it doesn't make sense to me. Maybe last year was a massive jolt to not be repeated, we'll see in time - 16.6.21 will shed some light. I just don't see people stopping playing the BOTB competitions because we are easing out of COVID. Have lottery ticket sales rocketed during COVID/Are they going to collapse after it eases?? I don't know but I doubt it. The same goes for BOTB in my view. Today, I see they are offering an R8 Audi super car plus a French Riviera holiday plus £50000 for a prize. Doesn't sound too bad to me. In fact its a lot better than prizes offered a year or two ago.... There's always worries and concerns with any business, and only time is going to tell, but my view is that BOTB will do just fine moving forward.
feverfan: Question for me is...have they taken their foot off the advertising gas, knowingly so, so they don’t grow too fast too quick and can build something that can grow sustainably? OR...has the business genuinely run out of steam (until they find new revenue or new competitions seem the obvious two!) I hope, and think it’s the primary. When you’ve already gone from what 37 to 125p EPS why try stretch that to 140p? I was expecting 140p but perhaps management are controlling the dial very conservatively and sensibly (rather than going gung ho rocket ship emoji style). The YE trading report on 16 June will be much more interesting and tell us a bit more about where the growth will come from I suspect. But I’m £28 it’s at 22.4x PE, and less if you strip out the cash. So valuation wise...this is not what I’d call expensive hyper growth nonsense. It’s priced very reasonably for the quality, whilst discounting for the liquidity and regulatory risks. As someone who followed fevertree for years (clue is in the name!)...go have a look at that if you want over valued / high PE growth stock. 22x current year is hardly pressing. It’s under 20x forward PE with cash stripped out at 140p EPS FY22E. I don’t think that’s expensive at all. And clearly Mr Slater doesn’t either as he doesn’t buy high PE flashy growth. The upside for me is the finncap forecast for next year factors in some margin decline despite revenue growth. Given the operational gearing in the biz, this seems strange...they forecast net margin 26.7% in FY21, 24.9% in FY22, 23.9% in FY23. But this is a business with fixed costs...and they’re covering those costs amply...and extra revenue should be dropping straight to the bottom line. They also have pricing power...who cares about 5/10p extra? Management put some prices up recently...minimum Up GTI is £1.60 on dream car now up from £ they clearly have pricing power here and I suspect this is to reverse some of the margin impact of adding the £50k/£20k prizes with all cars. Unless BOTB further up the cash prizes again to cement their moat / drive growth, but they just did this in December they really need to again? I don’t think so (look at the competition...itR17;s all proper dodgy looking sites and they don’t have anywhere near the scale BOTB do so tickets are for used range rovers at multiple pounds). I’m also looking forward to another tasty dividend which was flagged in the last trading update with the number of times William talked about cash conversion. Given their record of paying out almost all earnings.. 125p - 40p would give you 85p at best. I don’t think it’ll be near that high but would like to see a 50p special dividend. These margin forecasts therefore look conservative to me so I’m holding till the YE update in June to hear more on strategy and growth. I’m also waiting for some more exciting news on either international tie ups or additional revenue streams which will drive the future growth. EDIT: The point on the Twitter thread about increased FB costs might be what finncap are forecasting as the reason for the margin decline... if revenue growth can beat their expectations though, this would alleviate the cost pressure - makes me think we won’t see a huge growth on the dividend as they will hold back cash to invest in advertising over the coming period. I can’t wait to see! :)
solooiler: nice discussion fever. I am bland on this. I can go onto botb right now and buy 75 tickets and fuel for the most expensive supercar and that is a 400 quid bill. And here the government is regulating 2 quid FOBT bets because of addiction and how easy it is to repeat play and squander money. and then I can go into the lifestyle competition and spend a shed load on raffles. and then i can play midweek and do the same again. I would be much more worried about regulation having a detrimental impact to botbs earnings either from remote gaming duty or hard restrictions. the focus of the gambling act review is to crack down on online gambling because so much has grown up unregulated. if i was a regulator i would be very worried about any businesses that are growing MORE than 100 per cent a year at scale with social media advertising a big part of player recruitment. revcomps is growing quickly and does similar stuff with a humungous facebook audience too my biased two pennies because im against these sorts of businesses not having very strict regulation I personally think its absiolutely ridiculous that BOTB is not required by law to tell punters how many people have entered into any competition. I would worry that just a simple statistic like that could be seriously damaging to whether people bother to play. A bit like when the CFD companies were required by law to start telling punters what percentage of customers lose money. At least raffle companies by definition are transparent on this I dont think botb are winning any SRI prizes any time soon in my book
peart: A friend of mine saw an advert on TV by BOTB several days ago. He said he was "flicking" and didn't catch which channel it was, but he guessed Dave. I was playing a puzzle game on my phone last night and several BOTB adverts came up after each of several games. I've not seen that before or heard about TV ads before, so that tells me that BOTB are upping the game again. If these ads are successful and drive new business then as I've touched on before maybe BOTB is going through a time of exponential growth (Maybe we'll get a very pleasant and surprising 2nd half??). If that's the case, it won't last forever as no business can continue with growth like that indefinitely, but we could be in for a very pleasant ride for several years maybe, before things plateau to more sustainable levels of growth from a much larger business base. BOTB is a minnow, but could it grow into a mainstream business that is known nationally, under the national lottery in size, but in that sort of vein?? Maybe. People like nice cars and they certainly like cash and the cash prizes are getting very impressive. If I'm late to the party and other panel members have seen this advertising for months, apologies, but it was new to me and I found it interesting - hence the post to share it with others.
feverfan: The moat isn’t there at first glance...shown by the number of competitions popping up on fb by amateurs. BOTB have a 20 year brand behind them - go on YouTube and watch some of the videos to see how loyal people are / how much of a following they have. If you’re gambling online to win a don’t want to do it, even if it’s £3 with someone you’ve never heard of / where the website looks dodgy / amateur. They’re clearly the market leader and have a database which is hugely valuable. The threat I see is from a gambling company who has the customers and could put adverts on their own site and a big marketing budget. However, remember how cheap BOTB are for the prizes they are giving. It would take some seriously deep pockets from a gambling company to copy the model and offer better prizes - BOTB now offering 50k cash with every dream car entry...that’s a sign of how confident they are. They will keep increasing the prize value / reducing the ticket prices as it will help maintain their moat. So I don’t think it’s going to be easy for any of the amateur s to beat them - some are such away second hand cars and tickets £3+? Now...could a gambling company replicate their model...yes but. Is a Paddy power or William Hill really where the car fan goes? BOTB have made their brand around cars...look at the Instagram account and how many likes they get on their pics they post of flash’s all about building that brand. So whilst I do worry about this also, the more I think about it, the stronger their brand gets each year and the bigger the moat gets. The lifestyle competition you could argue is easier for someone else to copy and build as its lower value items but again, I think brand is everything. I wouldn’t trust any of the others I’ve just seen...some look like bedroom operations set up in the pandemic. You could have a huge marketing budget but I don’t think that’ll yield the same results if the trust isn’t there...BOTB isn’t a raffle also so you can win with one ticket. The raffle ones your odds go down when more people enter as it’s pure chance. BOTB it is broadly irrelevant how many people enter now as the winner is usually bang on or at most 1 coordinate out on one axis. So they could double the number of players and still people will feel they have a chance to win - vs a raffle which has inherent problems on both sides. If you’re growing and not selling enough tickets you aren’t making money, and once you get to a certain size people start to feel their odds are too low as there’s too many tickets being sold!
studentinvestor13: BOTB is getting better and better and better. It is becoming more and more international even if the UK stays the big chunk of the pie. BOTB is a hyper growth tiddler in the UK gaming market!. This is not a question of competition. Total industry gross gambling yields in the UK are £14.2 BILLION. That is the same as BOTB's gross profit. Double BOTBs gross profit in the interim report and they are only at £28 million gross profit. BOTB is growing fast from a market share of 0.2%! The National Lottery has a gross gambling yield of £3.2 billion... BOTB is 1% the size of the National Lottery.....! BOTB IS MORE ENJOYABLE! I play it myself and used to talk about it with my mates every week down the pub. It is way more interactive than the National Lottery or straight raffle competitions. I normally get my spot within zone 2 of the judging so get a good amount of my credit back to re play with and have the Silver tier loyalty of Supercharged Club. They have started to cap ticket purchases. Two years ago you could buy 150 tickets a time and the ticket prices were a lot higher. Within the last fortnight they have capped the ticket count down from 100 to 75. This is all good news for player governance. Less rash spending, and a strengthening moat. Other competitions are straight raffles. They have no ecosystem, their online fronts are poor if legitimate. I imagine some are buying instagram followers. The cheaper spot the ball entries compared to 2 years ago are now with bigger prizes!. The competition cannot compete on this. They are opening up the market for casual players who only want to spend a little bit a week like on the lottery. I can buy one ticket for a brand new Mercedes SL500 + £50K for only £3.10. A prize with a value of £139K. Competitor example? 7days Performance, 2014 Audi RS6 no cash and I have to pay £3.49 for a chance at winning. Chalk and cheese. Cheaper tickets bigger prizes equals bigger audience and BOTB are the market leader. They could become a global leader. The lifestyle competition is an extension and helps attract people who are not motorheads like me. Straight quiz game raffle but I can buy a ticket for a £2800 motorbike for only 15p. 15p is nothing! For the excitement of maybe winning something, why not punt 15p once a month or twice a week.
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