Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I agree. I will buy a small stake on the open, at this price it could be a good recovery share.
overbought*, not oversold
Why infamous?
Directors did right thing. Placed more shares when they were oversold and dumped their own.
Now they should buy back shares
at these prices it does seem oversold. Valued at £38m of which £8m is cash, on track for over £4m profit and no debt. Reasonably sticky customers although clearly acquiring and retaining new customers is the issue.
he has made a tidy sum last couple years!!!
LOL it didnt have much more than that a year ago when the mcap was over £300 million! shows how crazy overbought it was!
TODAY IS AN OVERSELL its a buy here for recovery IMO
Yikes! 385p! Has £8 million in cash but not much else.
To think a certain commentator said that the directors should have asked for more than £24 in the now infamous Primary Bid placing.
I would recommend any new investors look at the company’s offering to customers compared with rivals.
The competitions are too infrequent, the prizes are in some ways over the top, the chances of winning are incredibly slim.
This is not how you retain customers or attract new customers.
I just cant see how this business can come back especially now that summer is upon us and people will be out and about. I took a small punt in November after Omicron news thinking if people are at home, they might participate however that didn't crystallise in today's update. I sold this morning at 10% loss. GL to all holders here.
They quite clearly caught the Covid wind with people locked down at home and only a computer and the internet to communicate with the outside world. Idle fingers and muscles leading them to companies like BOTB and Peleton. Now with everything reopening both BOTB and Peleton are struggling to deal with and adjust with the drops from previous demand levels. Online is still a business generating money even without the same levels of pandemic demand. There's not much in the RNS setting out how they propose to improve things. Tried expensive marketing but its too costly and not driving new customer numbers. Maybe with the country emerging from the pandemic and footfall returning to high streets and shopping centres they should consider going back to bricks and mortar as a selling channel. It's hard to see any real growth potential off anything stated in the RNS so probably a bit further to retrace.
The problem for this company now is that they are now in a increasingly saturated market. It seems every man and his dog is setting up car/cash prize giveaway business. The successful small players have driven their business through social media and BOTB are simply to late the party. They have nothing unique to offer and the competition will only get stronger and customer acquisition costs will only go up.
bargepole stuff at present
Yikes try 75% !!
Think sp will fall at least 30% as prospects not great imv.
If the results next week are poor, no divi, no cash, losses for the year etc.....you might be able to buy them again for 40 pence!
I was a long term holder and fan of botb seeing their share price go from 38p to £35. in around 5 years.Started buying at 40p averaged around £5 sold at £11. Shares eventually reached £35 obviously kicking myself, but then talk of a takeover and then the CEO started dowloading shares.
These days with the share trading at around £5.90 the market and sentiment has changed. With newbies like Omaze on the horizon this will eat into their future profits.
Who's that? JKR?
£34 high this year down to £5.5. I doubt there is much left here. This stock and Boo have wiped out a lot of those following a certain site and pundit
Absolute dead-beat company with poor management. No diversity into other avenues, just look to pour more of our money into advertisement when revenue starts to slow. Absolute chancers... run by millenials... time to sell
Decent update but nothing more. Maybe get to ten pounds but a huge overhang to clear. All those that took the placing at £24 by the directors. The company saw none of that money. Trust has gone here…a number of institutions bought in then. Not good was it? Not good at all
"The Company reports that financial performance for the period is in line with the market guidance issued on 13 August 2021. Customer acquisition costs have stabilised, albeit at the higher levels previously reported. Engagement from the enlarged player base has also normalised, with average order values and frequency similar to pre-pandemic levels. Trading for the period has, therefore, been consistent with management's revised expectations."
Hopefully that will halt any further trend down. Really need expansion to the US or takeover interest to see the big rises again.
Just trades at the mid price so the system has nothing to indicate whether a buy or a sell.
Apologies for my ignorance but what are all of the greyed out trades showing as happening on the 12th of October
Either way we look at it, this was £34 in March. Today it hit another 52 week low of just £5.70p. My buy at £6.50 was not the lows and we are going quickly towards below £5 on the charts.
PI's who followed the various tipsters who presented this as a superstock have lost hugely. The Primary Bid offer at £24 on behalf of the directors....may be the biggest PB loser ever in such a short period. In the US investors may well have issued court summons etc. to identify exactly what the directors knew and when. It all stinks a little....and I say that still in profit overall. I admit I am very relieved to have sold the placing stock in the £30's or I would have taken a big kicking.
It’s such a pity for shareholders. It just has a dreadful Porters 5 market outlook: when they left airport concessions they lost their modest competitor moat. Now they face more direct competition ;still a fear of unhelpful regulation/legislation; digital customers with more to spend their money on post COVID; fear of innovative new entrants /substitutes.I recall the stockopedia stock slam folks quite recently suggesting it was a ‘ darling’. Sadly not any more. Eg No way could I attempt a dcf on this as I could never estimate a terminal value. Will this business model even be around in 5-7 years with the pace of technological change. ?With their cash , increased marketing & management expertise there will be some value here but it’s days of being seen as a safe, growth bet seem long gone.