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Share Name Share Symbol Market Type Share ISIN Share Description
Best Of The Best Plc LSE:BOTB London Ordinary Share GB00B16S3505 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -40.00 -1.54% 2,560.00 2,500.00 2,900.00 2,700.00 2,620.00 2,700.00 4,850 16:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 17.8 4.2 37.5 68.2 240

Best Of The Best Share Discussion Threads

Showing 1101 to 1122 of 1125 messages
Chat Pages: 45  44  43  42  41  40  39  38  37  36  35  34  Older
DateSubjectAuthorDiscuss
05/3/2021
17:44
I don't think you're mad at all Ryanc106 - you know that. We bat from a similar hymn sheet. To use your suggested numbers, Assuming the year end figures are circa £1.50 and the fwd esp are estimated at £3 per share (obviously speculative as we don't know, but just a not unreasonable figure in light of the recent growth) would imply a fwd p/e of 25 to 33.333, which are not expensive when a company has grown by the huge percentages enjoyed recently. I think it could go quite a lot higher on such numbers than even you are suggesting. The market will decide and time will tell.
peart
05/3/2021
10:01
Very good points all :) The dividends are quite staggering here and could easily get to the stage of providing a full time income. My long term price target of £75-100 remains unchanged. People may think I'm mad but that's how good I think BOTB could become.
ryanc106
05/3/2021
07:06
Yes, a couple more years of fabulous dividend growth and this stock could be a truly great income stream for longer term holders.
peart
04/3/2021
18:57
The only equity you ever really should be buying is from entrepeneurs who dont want to sell. (Munger) Thats pretty much the case here. Those holding 70%+ said "we're not selling"
this tea tastes of chicken
04/3/2021
18:57
Happily live of the future dividends
investographer
04/3/2021
18:56
BOTB hardly release any news outside of the interims/ Finals.They are very much under the radar & do not hype up the business, unlike most AIM tripe.I really hope they go international & impose their footprint on the rest of the world! If this becomes a worldwide brand, then this of us who got in early could happily live off the future dividends
investographer
04/3/2021
17:58
That would be lovely jubbly Peart!
ryanc106
04/3/2021
17:45
Not so sure there will be much news Ryanc106 for a couple of months now until the May trading update and notice of results. I'm just hoping for a nice £1.50 per share earnings in June with a 90p special dividend and a 4p year end dividend, plus fwd eps of say £3.00 forecast for next year. Wishful thinking yes, but if the business trajectory continues I don't see it as far fetched by any means (all as said before!!).
peart
04/3/2021
14:34
All gone v quiet in BOTB world :)
ryanc106
28/2/2021
12:55
Tea, Re customer acquisition costs. There are ways to look at this but a simple one is the ratio of revenue to admin costs. Admin costs have risen each year as they've expanded but revenue has stayed well ahead of spend. The revenue to admin cost ratio over time from 2017 was 3.87,4.19,3.61,4.12 and 3.65 for the last half year. So even with the big push in H1 the cost ratio wasn't out of line. One of the reasons I like to analyse on line companies is their accounts are quite simple. Also if you dig deep enough you can find correlations which give you a good indication of forward earnings. As a contrast to BOTB you can look at the same ratio's for Sosander an on line women's clothes company. From 2016 they've grown revenue from £278k to £9027k but each year their admin costs alone were greater than revenue. Last year the admin costs were £11,662k to generate the £9,027k of revenue.
serratia
27/2/2021
18:39
Thesis busting aspect What biz characteristics are unappealing? Questions are: Accounting irregularities (-10 marks) Does not apply Customer concentration – depending on a handful of customers for their revenue (-5) Does not apply Industry – at risk of disruption? Always a risk Shareholder dilution, 5% or more per annum Does not apply External forces – commodities, interest rates ONLY one I can think of is the internet going down for a month, if so BOTB would be the least of your worries Growth by acquisition Does not apply Currency translation Does not apply, it could one day? Regulatory Yes there is a risk here Competition – some industries produce many winners, it depends on the industry Given the size of the TAM and their share thus far not a risk, if they had 30% of the TAM it would be an entirely different question. Comments welcome, feel free to challenge.
this tea tastes of chicken
27/2/2021
18:31
I said I would look at this using Brian Ferols Financial Scorecard (Canada, like me) A.Financials (17 marks out of 100) Cash no debt so 5 out of 5 Gross margins 3 out of 3 Return on capital 3 out of 3 FCF 3 out of 3 EPS 3 out of 3 (17/17) B. Competitive Advantage (20 possible marks) Switching costs No material switching disruption but if customers switch where do they switch to for game of skill fun in relation to prizes given? So there is a switching cost in that it is becoming a compelling brand. I’ll give it 9 out of 15. Moat widening, stable or reducing Not traditional moat but to the extent that it has one, it is widening in that the customer base is rapidly growing as are the attractions and that makes it difficult for competitors to invade. Competition is not impossible or improbable though so not full marks 3 out of 5 (12/20) C. Potential (18) If Coca Cola has tapped out its market its shares are GDP at best. Back to BOTB, this has less than 1% of TAM (uk gambling) Optionality – (0-7) the ability of a company to launch a product or service over time that open up new markets and new opps for itself. AMZN good example. Books to CDs to AWS to Prime. However Starbucks tried to sell furniture ;-/ Okay BOTB, there are lots of new opps they can create for customers, new functions, new access methods, new features, new prizes, there is a diversification from original competition which helps with regulatory as well. Risk of venturing beyond core business but leadership have reiterated this week a commitment to the online mkt in this space 5 out of 7 Organic revenue growth rate (4) Is it above 15% per annum organically? YES! 4 out of 4 Top dog /first mover in an emerging market /industry? (3) Apart from the National Lottery nothing comes near them. 3 out of 3 Operating leverage (4) The business - can grow its profits faster than it grows it revenue by scaling the business over time? Long time before the value curve appreciates that one, revenue still growing at a healthy clip 4 out of 4 (16/18) D. Relationship between the Customer and the Business (10) Does it have to spend a lot of money to acquire customers? (5) There is inevitably an increasing marketing spend. Advertising is in disruption at the moment with CTV and streaming fighting it out and a crowded internet. They mentioned in their annual report the concept of customer acquisition metrics so this is very much on their mind. Some think customer acq cost is one of their best attributes but too early for me to be sure and I'll take a mark off for Covid related attraction 2 out of 5 Customer retention (5) However, once on board they appear loyal and to a degree recession proof. I’ll give them 5 out of 7, some believe an economic downturn will knock back their spend, will they give up the £4 latte’s first? (7/10) E. Recurring Revenue (10) Is revenue recurring? (5) Using the flimsiest definition, yes. 5 out of 5 Is there pricing power? Not in the traditional sense of selling a product or service to customers but they set the dial, its certainly not lumpy 4 out of 5 (9/10) F. People, Leadership (14) Who are the leadership? (4) They are Founders! 4 out of 4 Inside Ownership - do they own stock? (3) Just a bit. 3 out of 3 Shame it isnt ten marks I'd give it 11. Worth knocking on the doors of the liquidity question, possibly a split, not crucial though Good glassdoor ratings? (4) Not known sadly. Good stuff on Trust Pilot but that’s a customer experience. [ q: not clear on share options for employees?? ] 0 out of 4 Mission statement? Should be Simple, inspirational and optionable (3) Not known, checked on website 0 out of 3 (7/14) this number could be higher without much effort/spend. I'll let them continue to run the business. They can put a return on investment performance better than I can F. Stock performance ((11) Has it thrashed the mkt over the last five years? (4) YES! 4 out of 4 Does the co buyback stock, pay off debt or return money to shareholders? (3) Chunky divis 3 out of 3 Does it regularly smash its eps expectations? (4) Yes 4 out of 4 (11/11) Total out of 100 highest is 88 (says Brian) 88 is as good as it gest (79)
this tea tastes of chicken
24/2/2021
18:26
If anybody is interested in trying it is possible to reverse engineer to get from the cash balance through the components of the cashflow statement to get back to the H2 PBT up to 24th February by only making one (admittedly rather large) assumption about the movement on Other Creditors in H2. It's a cinch for any half-decent chartered accountant who understands the interaction between cashflow and profits. As discussed previously, this is a simple business with very straightforward accounts so most of the Balance Sheet components (and, hence, cashflow) are pretty predictable. I have done this exercise and I am pretty certain that, if my assumption on Other Creditors is correct, the FY is likely to exceed the revised forecast.
mammyoko
24/2/2021
17:36
We got our March update a touch early. Next update should be May after the year end, if history repeats....
peart
24/2/2021
17:26
I view the update from our CEO as very positive. One can possibly assume that certain party/ies were able to offer an attractive price for the business but this was simply not enough to entice management to jump ship. The success of the business has changed dramatically since the interest was first shown last May/June. Maybe at the time buyers were possibly interested in offering 25, 30 or 40 odd pounds per share but the business has clearly run away from that. Management want more and understandably buyers perhaps get cold feet or things are suddenly too big for them. Management also see that the business is perhaps unsaleable at the minute as they are so positive moving forwards for the next few years - how can you value that. Who knows for sure apart from management, but it has to be a positive that they are walking away from that and still offering a very bullish update - it couldn't be much more so, in my view. I believe they have hit the sweet spot with their marketing and offerings which keep getting more generous and more exciting, and as I keep saying this is still a minnow of a company. Will regulators knock the company, I don't know. What I do know is it is very small, and are they knocking the national lottery by way of example? - No they aren't. I'm aware of people who get their manipulated and enhanced benefits from the post office and go straight to the till and put 40 or 50 quid on the lottery in its various forms. Is that going to be policed?? I doubt it. If regulators police gaming/gambling in its various forms too hard they will drive it underground where things start to get really dangerous, and the kick back is it generates nice chunks of tax for the exchequer.
peart
24/2/2021
15:59
Solooiler - I checked my website visits data. You are correct the figure in August is now showing at 2.8m. This is an adjusted number from the 2.4m originally recorded. September amd October have also been revised upwards. Sept 1,930,000 (revised to 2.3m)Oct 1,580,000 (revised to 1.8m)The average number of website visits over the last three months has been 1.94m vs 2.0m in the periodApril to Oct 2020. So no evidence of a slow down as you suggest. Despite disagreeing with your views I nonetheless welcome your contribution to the debate. Only by being open to all shades of opinion can we hope to get to the right answers.
boros10
24/2/2021
11:35
The iPhone app is so easy to use? Crisp, clean & fast.The convenience of it is encouraging me to play more.On another note, those that were hoping for a big retrace may have missed their chance. Can only see people really buying in now.
investographer
24/2/2021
11:31
I haven't seen an android app, though I prefer the full functionality of websites on phones over limited apps. Content would be key.
3ootuk
24/2/2021
11:12
Does anybody know if the App has been fully launched yet?I play the games on IPhone but not sure if launched on Android yet. They said they did a soft launch a month ago. Any ideas?
investographer
24/2/2021
10:57
I forgot to mention that people will cease to use the internet at midnight 21 June 2021.
this tea tastes of chicken
24/2/2021
10:47
Solo, I also wondered if there was a covid effect ie more plays because people are locked down. A run through my figures shows no real correlation. The advertising levels swamp any virus effect. The first lock down ended July 4th and the 2.8m visits you quote are from August so visits increased after lock down. If there was a lock down effect they would have fallen.
serratia
24/2/2021
10:42
I've been trying to buy more but can't get hold of any in decent size :/
ryanc106
Chat Pages: 45  44  43  42  41  40  39  38  37  36  35  34  Older
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