Best Of The Best Share Discussion Threads

[feverfan] 23/6/2021 06:44

“We have continued to consider and review potential new products and partnerships and will update shareholders as appropriate in due course.”

What did people make of this? They’ve said it before and they’re saying this again. I read that as something is in the works it’s just not ready yet…and being BOTB they aren’t going to rush it, rather they’ll do it right.

International partnership???? Hmmmmm

[farnesbarnes] 23/6/2021 06:43

Indeed, that "somewhat" comment was pure draconian subterfuge.

[shanklin] 23/6/2021 06:38

Investographer

As you are in contact with WH & RG, it would be incredibly helpful if you could provide us with their definitions of "somewhat" and "customer engagement".

It would then be possible for the rest of us to make B/H/S decisions based on a clear understanding of recent trading.

I have no issue with trading having been less strong following lockdown easing, but shareholders should have been given a far clearer picture of what is actually going on. I have no idea whether sales are down 3% or 10% (say) and/or whether these sales are currently a lot more expensive, thus also reducing margins.

I would be gratful for any insight you can provide on this.

[whittler100] 22/6/2021 20:29

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.

[investographer] 22/6/2021 19:26

I would rather back Slater, Hindmarch & Garton over latecomers to the party.

[investographer] 22/6/2021 19:25

I have noticed that there are a lot of ex holders still sniffing about, still putting the knife in & giving it the odd twist.Most joined the party quite late & had no interactions with management.I have full confidence in William Hindmarch & Rupert Garton who have always under promised & over delivered. A recent non exec bought half a million pounds worth at 24 quid. Mark slater bought 10 percent of the company.

[whittler100] 22/6/2021 18:27

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.

[az4hr] 22/6/2021 17:54

todays drop comes out of nowhere thought the price had stabilised.

[scepticalinvestor] 22/6/2021 15:51

Squeeky bottom time ladies

[investographer] 19/6/2021 16:13

Remember this management team have over 100 bagged this stock.Was 16.5p a share in June 2011I will continue to have faith in William & Rupert & am looking for at least another 10 bags from here.

[transhoneyqueens] 19/6/2021 12:01

Yiannimize competitions are gearing up / going worldwide now.

[henryatkin] 19/6/2021 07:40

Critics of management selling stock near the top should remember that they had previously announced in Nov 2020 they had been looking for an exit strategy in the form of a private equity buyer for the company. Instead they chose to take a part exit & retain control. Investors had the same opportunity as directors to take part or total profits. It should also be remembered that the current share price is still 45% above the price on 18th Nov 2020.

[transhoneyqueens] 18/6/2021 20:03

I will wait and load up when we see 1000p.

[hotaimstocks] 18/6/2021 17:36

HE HAS VANISHED FROM YOUTUBE LOL..
Lets hope Funky Finance in his wig & dark glasses does an update on youtube ASAP before we see 1500p or lower.

[jackson83] 18/6/2021 17:10

#BOTB imo it wasn't good enough for FY to be "in line" after the H1 we had. It signalled no growth in H2, and now we know they missed EPS.

I sold on the TU on May 13th (discord members will know this). Now we have guidance which looks a lot like a dressed up profit warning.

[serratia] 18/6/2021 17:09

Thanks, I was searching youtube.

[jackson83] 18/6/2021 16:46

Serratia funky sold as much as possible on 13th may between £27 - £28 as he stated on his funky finance twitter feed / botb ... scroll down on it and read ... he also stated he did not sell any on 16th June after the results.

[stepone68] 18/6/2021 08:40

1513 - you can't 'link in' to the Euros unless you're an official partner, which involves sending brown envelopes stuffed with cash to all members of the executive committee.

[serratia] 17/6/2021 20:59

Investographer,

My figures from the model matched the results. The only part that I was uncertain/wrong about was the advertising part of admin. I felt that it would be higher than FC's figure but assumed they had a steer from the board. In the end it was higher so FC were wrong.
Past figures have given the shares a price multiple which I use for my own price forecast. This was blown away by the slowdown comment which has halved the multiple.
In past years admin has been - £5.4m,5.8m,6.2m,6.3m and with last years bid push advertising, 14.2m. This year I can see the growth slow down which I assumed was BOTB bringing back advertising into the previous trend. Now it looks like a slow down. I watch this on a daily basis which gives me the forward revenue/profit.
At present growth is slow but the board says they can pick it up. We're 2 months into this half so predicting the P/L is a bit premature. I can see when/if they get back to descent growth so I'm just sitting watching. What I can't predict is what multiple the market will put on future earnings after the slow down comment.
Based on the results the multiple at £19 seems a little low but the market is obviously wary of H1 so if it thinks things will drop fair enough.

[serratia] 17/6/2021 19:43

jackson83,

Still can't find a reference to funky finance as you stated. I'd like to hear his comments if you can provide a link.

[transhoneyqueens] 17/6/2021 18:58

GROWTH COULD BE OVER ???.. time will tell.
Do not forget that many are sat on huge gains and when they sell this could drop to 1500p/1200p .. don't forget last year lows was just above 300p

[feverfan] 17/6/2021 17:32

Who here has read 100 baggers? Anyone sane would have sold BOTB when the airports news came out as their business model was basically dead…but they managed to reinvent themselves and from a low of about 16p (hard to tell on the charts I’m seeing) in 2010, in 10ish years they’ve turned that into £20…so more than a 100 bagger. The catalyst there was online, and it did take many years to play out including a couple of rocky years.

Now, how many holders have the guts to hold through a spell like that and just trust management? I’m looking under my desk for my coffee can (I hated that term when I read the book, as someone who doesn’t drink coffee…)…; if it’s in a SIPP and can’t be accessed anyways for 20+ years, does that make it easier? Maybe…I know I find it hard sitting on my hands in this world of instant gratification - I almost wish this was pre internet and you couldn’t instantly check your portfolio and buy/sell.

I’m still not decided but I’m so far err’ing on the side of sit tight, and ride out the rough. They’ll find a way to grow the business, even if it takes a year or two to level out. I’m nervous to sell because I know as soon as I do, they’ll announce a new revenue stream and I’ll kick myself! Slater has 858k shares now…I struggle to see him selling simply because, even if he wanted to, I don’t think he could due to it being so illiquid. He must have seen potential beyond lockdown /COVID for him to buy in at £24 so that gives me warmth also.

Maynard’s article from March nicely narrates the journey over the Rocky years and from what I can see they went from about 30p, halved, then came back fighting after a good few years to transition. Have a read of it if you’re interested…google Maynard botb March 2021.

[3ootuk] 17/6/2021 17:02

I'm surprised BOTB haven't linked in to the Euros a bit more prominently seeing as it's Spot the Ball.

[investographer] 17/6/2021 16:46

https://twitter.com/investographer/status/1405565467054559232?s=21

[investographer] 17/6/2021 16:45

Wen traffic/ engagement up by 7.7% according to SimilarWeb for the month of Mayhttps://www.similarweb.com/website/botb.com/#overview