Best Of The Best Share Discussion Threads

[feverfan] 17/6/2021 16:44

I saw the Yiannimize thing. Certainly could end up being a competitive threat as he has a lot of subscribers he can leverage. However…if I’ve understood it correctly, £10 a month to get 50% off tickets and £10 credit. You get one ticket for the lambo, but then it’s £12.50 per extra ticket? Or £25 for a ticket on its own if you don’t do the subscription thingy.

This goes back to my point earlier about barriers to entry and moat. Unless you’re a firm with capital backing, you can’t afford to stump up a £250k prize every week at c£6 a ticket. I will check them out on 1 July when they launch properly.

My numbers might not be spot on in terms of equivalent prize values but about £6 on BOTB vs £25 on Yiani(or a £10 subscription, so maybe £10 if you cancel / that is a one off so not a sustainable thing). I know which I’d be entering….

[investographer] 17/6/2021 14:46

Some interesting buying going on today, I wonder if it is Mark Slater averaging down ; )

[jackson83] 17/6/2021 14:23

Competition due to the launch of a new ' spot the coin competition ' by a youtuber who has almost 1.9 million subscribers YIANNIMIZE COMPETITIONS.

[investographer] 17/6/2021 14:17

That is because the can not provide any more clarity. We are only 6 weeks into the Financial year!

[shanklin] 17/6/2021 14:15

Yes, BOTB certainly have zero interest in providing any clarity whatsoever on that front

[investographer] 17/6/2021 13:59

Difficult when you are only 5 or 6 weeks into the reporting season.This is just a blip or a warning. Take your chances.

[shanklin] 17/6/2021 13:52

The gripe I would have is that the negative part of yesterday’s RNS was deliberately so vague to the point of being extremely unhelpful. Specifically, no definition whatsoever of:
- “customer engagement”
- “somewhat̶1;
Or any details of the planned action to rebuild volumes.

I am generally wary of management teams who give lots of info when things are going well but resort to complete BS in less good times. No idea why they did not just tell us in adequate detail what is going on.

[qvg] 17/6/2021 13:32

people are talking about profit warnings. why? they met what the market expected, and forecasts for this year and next are reasonable 14 - 15% EBIT growth. Only those who thought massive Covid related growth rate would continue should be selling.

[serratia] 17/6/2021 12:55

jackson83,

Any links to that I can't find it.

[investographer] 17/6/2021 12:34

Good post, I have been in this share a while & have had a few chats with Rupert Garton in the past. Personally, I have very good faith in them. They are extremely astute & generally under promise & over deliver. I see this as just a blip. They are forward thinking & have a growth strategy. Many of the popular investors who sold out were already late to the show, so did not have any dealings with management

[3ootuk] 17/6/2021 12:03

"...BOTB's ability to generate cash, our strong balance sheet and the fact that we have no debt gives us confidence in our ability to deliver continued future growth..."

The UK sales growth was phenomenal, and overseas increased from £2.8m to £4m. There's potentially a large untapped market overseas.

What's the deal with BOTB Ireland subsidiary?

[feverfan] 17/6/2021 11:51

I’m on the wall whether to trust mgt or sell up... one factor I’m going to look into tonight was what happened when they lost the I think it was Heathrow stand? From memory, share price tanked, revenue dropped and they had a tough patch, but were saved by the new online sales growing.

Now... the question I want to know is, with those 1.7m customer details, can they find a new way to monetise that data / find a new revenue stream? New competition (are people fatigued or will they spend more? Can they attract a new customer type?). International is also another thing. I suspect those who sold out when the Heathrow news came felt it was the right call but lived to regret it (hindsight is a beautiful thing though and I don’t blame them for acting on facts not hope)

While I do agree with the profit warnings come in threes, my gut is telling me to trust them and ride through the rough as the balance sheet is strong and I trust management to find a way - plus they have skin in the game still so they were also feeling quite a bit poorer yesterday!

I might try do a bull/ bear list tonight and share thoughts.

[investographer] 17/6/2021 10:30

You obviously still have an attachment here ; )

[3ootuk] 17/6/2021 10:13

Why woulddirectirs buyback in when they have large holdings anyway, and have only just sold some into the market?

[middlesboroughfc] 17/6/2021 09:51

Directors in no hurry to buy back in

[whittler100] 17/6/2021 09:04

I agree they had no problem in offloading the shares at the placing, I also took the opportunity to add a top-up as we were buying into a series of hugely positive series of RNSs since the first lockdown & the RNS of 24/02 was indeed positive. Had the placing taken place after the 13/05 TU, when we find out that the last 6 months of the year were rather flat compared to the first 6 months, then I feel the offer price would have been a fair bit less than the discounted £24.
All just IMO as I see it as an investor who has been with BOTB since £4 and greatly appreciated the ride and excellent profits delivered. It’s just that I think the really exciting times catalysed by Covid lockdown may well be over. I will take interest in the next TU and H1 RNS but I rather fear another profits warning nay be on the agenda.
All just IMO.

[investographer] 17/6/2021 08:35

Just remember that they had no problem offloading these shares in an oversubscribed secondary placing to astute investors like Mark Slater- who would have know the levels of growth at the time. I doubt very much that they tricked!Management are confident that user engagement will return to normal levels. Yes they got a bit slack- but I trust Rupert & William to bring BOTB back to explosive growth

[mrx001] 17/6/2021 08:32

an amazing fall, had always thought these were overpriced and never liked the spread but can't help feeling this fall is overdone so have just purchased 250 of these shares. Will see where it goes.

[whittler100] 17/6/2021 08:28

Whilst I never object to directors who hold a large stake in a company selling a part holding, when you look at the timing of the sale, it does leave a touch of a sour taste. The reason I say this is that at the time of the sale they were 5 months into H2 and would have been well aware that sales were hardly going to be much greater than in H1 & just maybe they realised that the 2022 forecasts would be a real struggle. I would say that I don’t blame the guys for cashing out part of their holding for 6 x what it was worth 12 months earlier.

[az4hr] 17/6/2021 07:40

wtf where is the bounce?
was expecting at least a dead cat bounce

[investographer] 17/6/2021 06:44

Serratia- what do you think of the current situation?They obviously took their eye off the ball with the prolonged FSP & then the secondary placing that netted them tens of millions of pounds at 24p per share.

[middlesboroughfc] 17/6/2021 03:13

profit warnings often come in 3s

[serratia] 16/6/2021 23:20

EPS 122.5p. A p/e of 50 implies this year's EPS of 38p. Can you back that up ?

[hotaimstocks] 16/6/2021 22:47

with a PE of 50 lol wont be long before the shorters start on this 1000p target