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Need to switch ads to beer mats now :)
Sometimes I wonder if people READ rns statements. It is as if their mind blocks out anything negative and they only look at the good bits.
We may see this fall to 1500 or even 1200. Reason; a lot of people are sitting on big profits here and if they think the company is going ex growth they will sell up. Remember the year low is just above 300p.
So I will be just watching now and taking the special divi. I have a freeroll here having sold the placing stock at over £32 to add to the stock I bought much lower. Would I buy more here? No. This is not a disaster of course by any means but my watchlists are full of red again today so I will have a look in August.
"However, in contrast to the summer 2020 period, we have experienced somewhat of a reduction in customer engagement since the latest easing of lockdown restrictions on April 12, 2021, specifically relating to the understandably long-awaited re-opening of hospitality and non-essential retail".
I have a decent holding here and have no interest in selling at this time but this looks like a cautious warning to me.
This is the statement from the results that's driving the fall - due to falling customer numbers.
If they can reverse the trend this will soon bounce back up
"However, in contrast to the summer 2020 period, we have experienced somewhat of a reduction in customer engagement since the latest easing of lockdown restrictions on April 12, 2021, specifically relating to the understandably long-awaited re-opening of hospitality and non-essential retail. We are closely monitoring this, but with our flexible model, growth strategy and plans for the year ahead, we expect customer engagement to return to normal levels before too long. I look forward to updating shareholders in due course."
25-30% fall un-justified IMO, especially as the buy trades this morning are double the sells.
Excellent trading update, no debt, all positive etc
Think this will rise leading up to the special 50p dividend.
GLA
I searched results for the word "Profit" it is used 41 times. None of these had anything like a warning, in fact hey were all totally positive.
Outlook - Our performance in 2020 reflects our online focus and efficient investment in marketing activities and we are pleased that BOTB has delivered substantially increased revenue and profit. 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.
Buylongstayhappy
Peter, I think the price has already slipped away. They could [ should?] have sold their entire shareholding during the fsp but told us the future strategy was sound and therefore my conclusion is the sp should rise over time - we shall see.
Hi BarnetPeter,
I only quickly read the results but didnt see a profit warning?
Looks like the directors sold at the right time? £24. Profit warning here and not what the mkt wanted to hear. Special divi helps of course but maybe short term the Price is going to slip away
I only came across this share via Primary Bid and didn't subscribe a the time 2400p I think it was.
In this morning at 1920 and 1800 makes an average of 186o thank you very much.
Buylongstayhappy
Bought some more for 1850 - bargain imv.
given the stunning results and divis implying a yield over 5%. My one concern is ths cautious view wrt the current year - the market may read this negatively and mark the sp down. I hope not!
As a betting man with over 35 years experience in the area I think recent falls are well overdone. The regulatory threat is not as great as most imagine and from my detailed research it is clear astute guys like Maynard Payton in my view have got it wrong. Of course there is a potential downside to BOTB but please do not mix up what BOTB are doing with the likes of Hillls,Corals and Ladbrokes...the latter 3 and their cohorts are vultures who need regulation...they have brought their modus operandi to the attention of the media and frankly they deserve all or any regulation as the bookies do not give a monkeys about the punters they abuse, they will go to extraordinary lengths to fleece you..Young vulnerable and inexperienced punters need protection not old hands who know what the vultures are like.You may disagree but unless you have deep experience of betting your view that BOTB is where the regulators are concentrating their efforts is simply wrong...and the recent falls are way overdone..It’s only my opinion but experience of the betting industry is required to clip the wings of the vultures.LP
The regulatory threat has been acknowledged in every annual report from 2016 onwards. That's not to say the political landscape and sentiment hasn't shifted, but surely would be priced in by now after 5 years.
Also the new weekly Lifestyle competition less contentiously fits the model of a "Prize competition" according to the gambling commission - offering diversification from the spot the ball model.
I was thinking about it with gambling people have an ok chance of making money if they get their bet the right way and the odds look nice. With botb, isn it just money down the drain unless you are the one lucky winner per week that makes it much more like a lottery from the punter view
Another big fall today....to the placing price on the bid. The mkt thinking this has gone ex growth and the directors selling at the right time for them was a signal. Still think the results will be good but for the moment it’s going down.
FWIW, I bought back in after some more investigation - even if margins drop, there are few other companies which come close to this level of profitability (in fact, I can't find a single one).
Hopefully, it shoots up now!
This has always been an issue. Regulatory issues affect all "gambling" sites. It is only a possibility. Mind you I would not be a buyer here.
Selling off more today...
I had a buy limit order lower down but removed it after reading this:
https://forum.quidisq.com/t/best-of-the-best-botb-regulatory-threat/279
There is also the increased charges from Facebook advertising which will impact the up to now impressive margins.
Thoughts?
Doc, I thought the 24 pounds reflected that the sale was a huge number of shares in one transaction and that the Directors still have control which puts some iis offf.Personally I feel the sp will continue to grow this year.
Sorry for those left holding the bag. I was lucky to get out in time - for once... I think most people had initially expected even more growth than Finncap was predicting, hence the shock. I agree it was very suspicious that the directors sold at £24, which is why I believe that that will be the next stop. Could be even lower the way markets are selling off.
Red across the board so not a surprise. Mind you the directors sold a lot at £24 so maybe they thought that price was fair.
The stock is up over 10 fold from the year lows so people paying £34 etc was very dangerous. I could see this falling back to about £18 if the mkt fall continues through summer. I have a freeroll here and am waiting for the next results. But short term mkts look a bit bearish.
I think the fall is also in part caused by market malaise, thoughts that we are dependent on lockdown for growth and confidence about current cash etc . I am confident however.
Its the wording of the RNS, because they said it's 'expected to be in line with market expectations, which were most recently increased in March 2021.'
Because they revised their figures so high in Jan rather than increasing them a bit and playing it down a bit, it now looks as though the company haven't done as excellent as they were doing, with mediocre results.
They killed the momentum of the SP and in turn us shareholders too, the person who worded the RNS should be sacked.
The figures no doubt will be the best ever when they come out in June, increased cash, no debt etc.
They were poorly advised.
Fall unwarranted and I have bought another 99 shares!