Best Of The Best Takeover Rumours (BOTB)


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Best Of The Best Takeover Price

Best Of The Best Takeover Forum Posts

I wonder if we’ll hear something this week? It’s been 3 weeks now since they announced takeover interest so surely proceedings must be drawing to a close now. Would be good to know either way what’s happening.
I've done a bit of research on these Form 8 (OPD)'s and it appears to me that companies in takeover discussions all make these Form 8 (OPD) announcements and an offer does not automatically follow. So who knows, it might just be red tape that BOTB has to do in this situation....
I reckon there will be an offer tomorrow as the stock goes ex dividend on 25.6.20, which would add a complication to events, whereas matters will be cleaner for the company and a buyer if the accepted offer was made before this occurs. The company could cancel the dividend with the takeover announcement - the directors have an incentive to do that as they will pay less (%)tax on a stock sale to the (%) tax on the dividend element. I reckon the form just posted (Form 8 (OPD)), increases that likelihood!
I agree 100% with your comments as my posts from earlier today confirm. I’ve held this stock since circa 2006/07 at flotation and have spoken to Rupert Garton (Director) twice in that time and my sense was, as you touched on, that he was a decent and morally upstanding man who was working hard in the business. (I hope I don’t sound too clever in my length of time holding this company - I would add that I’ve purchased several other similar sized companies around that time and a fair few went bust - so I don’t proclaim that I can read the tea leaves better than the next person!) I sense that a ballpark price might have been spoken about - otherwise why make an announcement (however I’m not familiar with the detail of public company takeover rules). I don’t feel that the directors would accept anything lower than the early 20’s and as I’ve said and you touched on for a pure online booming company that is cheap. Stateside they’d probably pay 50!
The shares have had a terrific run over the past few months on positive trading updates, fabulous results and a very positive outlook, lifting the market capitalisation from only £38m at the beginning of April 2020 to £137m currently. However, this was on very modest trading volume and it will be interesting to see the value assigned to the company by an outside buyer. Read more in our daily update on the impact of the coronavirus on BOTB and other stocks we follow here: hxxps://
Someone on the in with takeover info or proper short squeeze?
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