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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
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!
Bought some more for 1850 - bargain imv.
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
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
Hi BarnetPeter,
I only quickly read the results but didnt see a profit warning?
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.
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
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
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."
"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.
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.