Best Of The Best Share Discussion Threads

[n0rbie] 08/4/2021 13:32

Really pleased with my £24 shares!

[idriveajag] 08/4/2021 08:13

Great growth company.

[shanklin] 08/4/2021 07:04

At HL, online B/O 3025/"No quote" for 100 shares, whilst nominally its 2800/3100

[shanklin] 07/4/2021 15:15

So the real B/O is 2910/3090 for 100 shares, whilst nominally its 2700/3100

[bigbigdave] 07/4/2021 14:20

Added a few more, what's good enough for Slater......

[thelongandtheshortandthetall] 07/4/2021 14:16

Great.
Now, who took the rest is the question.
Find out soon I bet.

[peart] 07/4/2021 14:16

I suspect this batch will go into Slater Growth. Apparently the fund likes to take advantage of underwritings and placings, and likes to invest in currently undervalued mainly UK smaller companies that have the potential of a significant rerating.

Sounds about right for BOTB....

[peart] 07/4/2021 14:00

Mark Slater must see what a lot of us here see, and he's a long term investor and not a quick trader. All good.

[mysteronz] 07/4/2021 13:47

Wow great news, he knows his stuff. Onwards and upwards!

[mammyoko] 07/4/2021 13:43

Good. Slater took the 9%. Not a flipper

[wanttowin] 06/4/2021 11:16

Just added a few, true spread is about 5% not bad at all. Can buy at £28.45 and sell at £27

[thelongandtheshortandthetall] 06/4/2021 07:52

I agree. But BOTB is certainly not one of Cathy woods 'future stars'. BOTB are making money hand over fist right now.

[this tea tastes of chicken] 06/4/2021 07:46

So long as the back story works, yes.

[thelongandtheshortandthetall] 05/4/2021 20:35

whom ever it is. I'll bet they top up in the open market in order to push up the price.
Winner winner chicken dinner :)

Nothing easier for fund managers to do. Negotiate a block of shares in an illiquid company then buy up a few % more in the open market, causing the price to rise.
Thus increasing the value of the holding and making said fund manager look oh so clever indeed. ARK investments styles.
Great formula to encourage more dosh to flood in.😜

[qvg] 05/4/2021 20:22

My money in on Buffetology for 24m. Perhaps Liontrust and Slater the other two?

[mammyoko] 05/4/2021 17:47

Assuming that the trades at £24.00 on Friday represent blocks to unique purchasers, only three are above the 3% threshold for disclosure - the trades for 858,333,
381938 and 397851 representing 9.1%, 4.1% and 4.2% respectively of the issued share capital. Of course, some of the other trades may actually be to the same investor and when aggregated may lead to the need for disclosure. But seems more likely that there will be just three RNSs from institutions. Will be interesting to see who took the 9.1% stake worth £24m. The other two stakes are now worth around £10m each.

[melody9999] 05/4/2021 09:39

Entered via Primarybid and just reading the recent RNS. From the BOD perspective, a formal sale process would have meant they realised their 74% holding. Instead they have sold 26.6% and held onto the remaining 47.4% for further gains.

So whilst large director sells might normally be a red flag for the PI, in this case it is rubber stamping our BOD's positive view for the future of the business.

[peart] 03/4/2021 06:20

Interesting comment re players continuing activity as before Covid, mammyoko. All long term holders who follow the company closely will be wondering about that. Good to hear. It's all about FWD EPS to me from here. We all reckon that this year is in the bag, pretty much, with circa £1.50 eps the probable outcome, but we won't know for sure until June. Maybe it'll be £1.25 or maybe we'll get a real shock as at the half year (nearly 60p) and it'll be say £1.63!!

I feel that perhaps expectations have been downplayed a bit recently with the placing going on, but that positive surprises might be around the corner. William Hindmarsh stated that cash balances in a recent trading statement (24.2.21) were in excess of £10 million, which reads to me that it's "10.something", but it could mean 12 or 13 million also - it's also not 100% clear at what date that figure refers too. I felt the figure was a bit light with a common sense interpretation, and suspected that it was been downplayed a bit, particularly in light of the recent placing that must have been under consideration at that time. I'm perhaps looking into something too much, but I now suspect that Finncaps fwd eps estimates, which also appeared light, and the cash statement were perhaps tools to keep the share price down a bit in light of the obviously planned placing of owners stock. Everyone airing on the side of caution, that could be justified, in light of an exercise that was ongoing. Directors want to offload some stock and perhaps cannot do that realistically without a placing and an announcement, and institutions are happy to buy in but want a nice margin of safety/buffer. If we do grow 250-300 ish % this year to then drop to 15% for next year and the year after as per Finncaps estimates, then I am clearly wrong. Just some common sense thoughts....

[dan_the_epic] 02/4/2021 15:02

that is good news chs. what worries me a bit is when is the government gambling review due? i can spend £320 on urus tickets on botb today which is a bit insane

[mammyoko] 02/4/2021 14:53

No problem. It came from the Mello event. It seems like pretty crucial information to make an assessment of the future profitability of the company - at least in the short term

[shanklin] 02/4/2021 13:12

Mammyoko

Thank you for the info from Leon Boros.

[mammyoko] 02/4/2021 09:50

25% of the company sold and the mid-price only closes down 5% on the day even though the offer price was 20% below the previous day's closing mid-price. That suggests to me that investors think that the offer was a steal. Pleased to be up 19% on my allocated offer shares already but disappointed I only got half what I applied for.

I would say that this removes the overhang that the FSP advertised. Judging by the parcels that went through today, this hasn't all been taken by KAL as the secondary placing by QTX was. That placing seems to have killed the liquidity in QTX rather than increased it. KAL bought that at an insane multiple and seems to be doing a good job of holding the price up. But, of course, that has a high ARR. Liquidity will only be increased here if there are several insti placees of high quality, rather than a bunch of flippers but very early indications are good.

If they can report £1.40 to £1.50 eps for 2021 and FinnCap forecasts £1.80 to £2.00 for 2022, I can easily see this hitting £40 and beyond. Wider insti interest could easily lead to a higher multiple provided there is no obvious covid-related retrace. Leon Boros spoke to management a couple of weeks ago and was told that they had seen no covid-related drop-off and that players continued to flock to the website and play on Sunday evening and Wednesday evening in the same patter as before covid. So maybe a p/e of 30 and 2022 forecast earnings of £2 could see them hit £60 if the results pan out as people anticipate when announced in June?

[peart] 01/4/2021 12:59

If it's business as it has been this past year or so for the company, there will probably bit a bit of noise/fluttering around the stock for a few days due to recent Director sales and then we will drift through to the year end on 30.4.21. Then we'll no doubt get a very positive post year end update in May, and we'll be off to the races. No guarantees, obviously but that's my prediction/best guess for what that's worth!

[peart] 01/4/2021 12:43

Yes, henryatkin, I too have been stitched up in the past when directors had too much control, so I'm not disappointed at Directors selling off some of their holdings. It's healthy for the business and all stakeholders. I think this will bring small cap funds /institutions into play and probably will help the share price multiple going forward, as this is not expensive for the recent growth.