The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
It’s been Interesting watching this share over the last year,
I held for a while and sold after the director sales,
There is way too much competition in this market currently with dream cars / elite competitions etc etc etc
Youngsters don’t want to spot the ball, they want a entry in a competition for a few quid. Spot the ball is not a relevant thing nowerdays and only appeals to football fans.
Directors did well to get out and this company needs dragging into the 21st century by a director with vision and a clear understanding of the target demographic who plays these games.
@Jeddy333 you say - "BOTB have £15 million in assets, are debt free, made nearly £12 million in profit last year and are on track for roughly £5 million profit over the course of this year. In what world is a £65 million market cap generous."
£65m less £15m assets leaves £50m, if the £5m forecast can be grown in the coming years this is an opportunity, however if the £5m is declining YoY this is a busted flush?
been watching this one........ bit tough there jeddy333....... I think no one knows what good looks like for this one at the moment.....its fallen 78% [from £30+] in 6 months....... lets wait for the next update before we start calling folks clowns ...maybe those that bought over £20 are clowns in some folks eyes.......it maybe seen that buying at £6.50 makes you a clown if this falls further........what is a clown by the way?.......... someone who makes you laugh I thought, not someone who has a view......... or makes the wrong investment decision.......B
@StanAccy you absolute clown, BOTB have £15 million in assets, are debt free, made nearly £12 million in profit last year and are on track for roughly £5 million profit over the course of this year.
In what world is a £65 million market cap generous.
Moron.
Share Price still looks on the high side, current market cap of £65million is some what generous.
I did buy a few and I added a few more today. It has been a huge fall from about £34. Not gone mad and still some leeway if the fall continues....and I accept the risk. But the next statement may show that this kicking is simply overdone. My average is just below 650p excluding the free ones I have......and this may be about the lows.
MBO? Unlikely. They have made their hard cash when they sold out and we lost ours - big time. Trying to decide whether to dump at a 75% loss or hold on. The cash from that transaction will be pretty meagre.
DM....yes two £65K sells yesterday. It looks to me as if the seller is trying to offload daily and the MM's will take some every other day etc.
The mkt cap is still very high if the company is now only breaking even etc. so the risk is still there for this to halve again. A few director buys would help plus a further update but that could be poor. Tempted to buy a few at the £6 level if this fall continues because any positive note and we see £10 ......real gamble
MBO on the cards perhaps
Agreed @barnetpeter. Someone is still selling in £65k chunks, so a potential rally could be futile atm. This is not too appetising against a backdrop of business uncertainty, a large spread and even a drop to the £6 line is 14% deeper into the red.
I think we may need to wait for the next update to see which way this goes...
626 to 655. Now that is some fall in price from 3540 since March. A real dump and looking oversold. My feeling though is that any rally will be quickly sold into. The directors have been very quiet
Directors selling was the big clue.
52 Week High 3,540.00
52 Week High Date 12-Mar-2021
52 Week Low 675.00
52 Week Low Date 24-Aug-2021
broken below £7 now. Looks fair value but it seems the market makers have plenty of stock. I wonder if instits are trying to dump and have a standing order to sell. The cap is still too high....competition is strong it seems.
This has become a disaster for many
Looks like Chelverton Asset Management have added to their position. According to Stockopedia they were previously at 4%. Just disclosed they have crossed 5%. Good sign. For the most part institutions don’t tend to average down post such a dramatic fall unless they have strong conviction. Then again they did get caught out. Still. Positive. Looks like we have a floor between £7 and £8. Assuming no more bad news. Icing on the cake would be to see management re-investing part of their placing proceeds. If they believe in the business should be a no brainier. In the spirit of disclosure I now have a position. Market has over reacted in my humble opinion. Management have lots of ability to play / reduce marketing. Also trim admin overhead. Talk of a rights issue is ludicrous given the cash flow generative nature of the business and net cash balance sheet
The company generates tons of cash - so no problem there for now, particuarly as the update indicated they adjus advertising spend as they go along. For me the bigger deal is the competition provided by the myriad of competitor competitions I see advertised daily on the telly. I tend to agree with Peter- we could see £5 here but I will be a buyer just above that price.
I agree the company is unlikely to raise cash. More likely perhaps is a take over deal perhaps with some directors involved. If this steady fall continues we will see £5 soon enough and that will be a big tempt.
Sorry typo generates cash
BOTB is fully funded and generates case no need for any rights issue
Read they were still profitable. Can't see a reason to raise funds.
It's time to retract all the cars BOTB have given away because this is bad!
DYOR GLA
Taversham. Well said.
Regards
Yeah... Even a pinch of salt needs to be taken with a pinch of salt if it came from LSE Share Chat. :)
I wouldn't buy it. Lots of director selling, profit warning. I don't see what's attractive about it right now, just because it's cheaper doesn't mean it's a buy.
I have noticed two posters, Cavendish and Its likeacasino make outlandish and un supported statements , the sort that would come from people with shorts on this stock. I can no longer take any of their comments seriously unless of course they have some evidence?