Best Of The Best Share Discussion Threads

[thelongandtheshortandthetall] 25/1/2021 16:08

Agree.
£30 per share is reasonable imo.

[mysteronz] 25/1/2021 15:53

This is looking like its going to pop again, a few days on consolidation. A few people cashing out on the uptick but this should trade at £30 given the recent results - cant complain at the moment though

[ryanc106] 25/1/2021 14:41

You've hit the nail on the head there my friend

[idriveajag] 25/1/2021 10:34

I'm expecting further gains.

[ryanc106] 20/1/2021 17:03

Agreed Peart. It would have to be £50-60. Management aren't stupid. If we can see where this is going, they certainly will. It's in their best interests even more than us to get the best deal possible as they own most of the company

[mathewawood] 20/1/2021 12:05

I see there is debate here about moat and a fear of a big bookie launching a rival. I've worked in the Gambling industry all my life as a Trader/Odds compiler. I would be very surprised if this was to occur. Bookies deal in fixed odds they sell adrenaline/excitement, BOTB is a completely different beast its more marketing/aspitational. It would require a completely new team to get this up and running.

It makes me think back to when Betfair (a direct rival to fixed odds) started out. Everyone was saying then, that it was inevitable the big bookies would do their own exchange. Well Ladbrokes tried with Betdaq need I say more.

[peart] 19/1/2021 20:15

I hope that management don't sell out on the cheap and rush an exit. I doubt they will - my sense is they are a shrewd bunch. If they do I personally wouldn't accept anything less than £60/share, in light of current performance. That is now though. In 6 months, if the fwd eps is say £3+, I'd be wanting a lot more....
Why sell when things are going so well, unless it's totally knockout.

[peart] 19/1/2021 19:56

I can't believe, with such growth, that we are hovering around a P/E of 15 for this years probable earnings. I'd expected circa £1 for this year, that is clearly far too low, but massively up on the already 100% growth originally targeted at 70p. The company's growth has been accelerating faster than expected, so why shouldn't this acceleration continue?? As such, if I was been very conservative, I would say 70p for the 2nd half, but this has to be too low. I'm estimating 90p for the 2nd half in light of the explosive nature of the first half. Even this may be too low, as I suspect this business is "snowballing", whereby it's growth is currently exponential.
That's my reasoning behind the current year's p/e of 15, based upon £1.50/share of earnings for this year. That is 300% growth on last year's earnings - very impressive to say the least. Assuming £1.50 is reached, what will the estimate be for earnings to April 2022 - £2.5?, £3?, £4? - who knows....Let's assume that it's the lowest at £2.50, that would imply a fwd p/e of 9 at current prices or 7.5p/e at £3, which when you've grown by 300% to "only" do 100% the following year doesn't sound too far fetched to me. These shares are very cheap at current prices, and with each earnings report they are building and proving a fabulous growth story, which only adds to their value. Even if they doubled from here they would not be expensive.
I'm sure there are good times ahead for long term holders.

[investographer] 19/1/2021 12:09

Nice 1000 share buy today, also yesterday.Both buys were for 1000 shares at 2200p

[ryanc106] 19/1/2021 11:35

You're not wrong Longandshort.
Good to have some new investors on board anyway and nice to see BOTB is finally starting to get some wider acknowledgement.
Onwards and upwards

[thelongandtheshortandthetall] 18/1/2021 08:59

Those kind of H1 results are going to create some attention.
Whole different breed of business pre and post results.
x5 earnings.
Well done to holders that have been here a while.

[investographer] 18/1/2021 08:47

I remember when I was in boohoo in the early days & how their traffic/ sakes went through the roof when their app came out.

[investographer] 18/1/2021 08:46

Lol, I remember when there were literally three of us just having chats on here for most of last year : )Any of you guys downloaded the new revamped app? I am very impressed!Just wait until they start promoting that on social media.

[peart] 18/1/2021 05:26

Fear and greed Ryanc106....(I agree, it’s funny). Dare I say human nature....

[ryanc106] 17/1/2021 22:26

Noticed there’s quite a few new posters popped up on here since the H1 results were announced. Funny that

[ccraig69] 16/1/2021 22:50

you are wrong. we see the potential hence shareholder

[studentinvestor13] 16/1/2021 20:43

Can I go back to my original point that nobody else has recognised. 0.2% UK market share, 0% overseas for realism sake. 1% the size of the National Lottery. ZERO reason why we cannot take 2 to 3% of the market in time regardless if you have competition eventually or not.

The best bit is that you are not even paying a high price for growth. If this was liquid and people understood what us the players understand about BOTB it would be on 40 times next years eps of 150 p.... I kid you not and I look forward to getting there as Hindmarch and friends deliver and deliver and deliver.... unless he cuts the story short because he wants to retire.

[studentinvestor13] 16/1/2021 20:31

Yawn.

Heading for £50m of revenues and those not bothered to understand the player experience, the brand positioning, the loyalty mechanisms, the mechanics of the game saying the same thing over and over and over.

I spent time writing up proper arguments and I am fed up of reading about no moat. Anyone fixated on that has missed a 100 bagger since 2012 and will continue to miss out on a fantastic growth story. This will be a much much bigger business within the next 3 years and it will look dramatically different by then with even stronger scale, a bigger user case and better market positions. The digital economy is about intangible assets. So many billions of dollar US SaaS company products could be created by Microsoft overnight with an existing installed base. People are looking for excuses for why they shouldn't buy BOTB rather than looking at reality. Huge market opportunity, fabulous management team, phenomenal execution, mega cash generation, incredible growth. That is why the management team continue to see more and more growth momentum and are so confident. CEO "I am pleased with the growth delivered in the year to date and how well positioned the business is for the future". It is not seeing crippled gross margins, cash burning, slowing growth.

[bookbroker] 16/1/2021 20:18

It is incredibly simple, as BOTB is just an online raffle, all about marketing and profile. G

[stallone10] 16/1/2021 20:13

Yes what’s to stop another company replicating this model.

[bookbroker] 16/1/2021 19:10

Are there no barriers to entry in this marketplace, or is it simply unknown, used to hold these back in 2013 when it was a different beast.

[investographer] 16/1/2021 18:53

A full take out is not really feasible now. Suitors had long enough to put in an offer.I can see some sort of tie up instead now to help with international expansion.

[peart] 16/1/2021 15:08

With such success, I cannot see the point of management selling out unless the offer was simply "right off the table/an utter blowout" - otherwise why take, say a reasonable offer, when the business would get there naturally share price wise, say in a year or two, regardless. I'm sure management is shrewd enough on this front - no doubt that is why proceedings are drifting on. People are very interested but cannot justify what they have to consider paying, and then boom (!), the interims are out and now they've got to think about paying even more!!

After last years annual results the p/e went to circa 40 times, I wouldn't be surprised if it went higher after June's expected results, as there will be more history of outstanding results, justifying a higher multiple.

[peart] 16/1/2021 14:57

My opinion is we'll be at £30 in short order as already suggested, with probably £50'ish minimum after the annual results in June. Unless something goes wrong, we're off to the races here....