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Best of the Best Plc (BOTB)     

dreamcatcher - 17 May 2015 19:31



Best of the Best Plc is a profitable business that displays luxury cars as competition prizes in rented retail space within airport terminals, at shopping centres and online. Best of the Best's revenue is largely derived from ticket sales to passing airport passengers, as well as from online customers via its website.

Best of the Best operates from eight UK and two international airport sites, as well as from three shopping centres. As well as providing income for the airport operators, the cars are also considered to provide an interesting attraction for passengers which is looked upon favourably by airport operators.

On 14th August 2006 Best of the Best plc was admitted to AIM and raised approximately £2 million (net of expenses). The proceeds have been and continue to be used for the financing of new sites, adapting existing locations, marketing and to augment the Company's existing working capital facilities.

As an AIM traded UK registered company, Best of the Best Plc is subject to the UK City Code on Takeovers and Mergers legislation.

Best of the Best Plc is a Company incorporated and registered in the United Kingdom under the Companies Act 1985 with registered number 3755182 and VAT registration number 756233526.

Best of the Best Plc carries out its principle operations in the UK

https://www.botb.com/About/investor-relations.aspx

Chart.aspx?Provider=EODIntra&Code=BOTB&SChart.aspx?Provider=EODIntra&Code=BOTB&SFlag Counter

dreamcatcher - 04 Jun 2015 21:08 - 5 of 33

best-of-the-best-driving-hard-to-accelerate-growth

dreamcatcher - 10 Jun 2015 16:50 - 6 of 33

Correction to Final Results
RNS
RNS Number : 7633P
Best of the Best PLC
10 June 2015



Best of the Best plc

("Best of the Best", "the Company" or "the Group")



Preliminary results for the twelve months ended 30 April 2015











Correction to the Final Dividend Record Date



Shareholders are referred to the Dividend paragraph of the Chief Executive's statement. The record date for the payment of the final dividend is 25 September 2015 as outlined below and not 24 September 2015 as previously disclosed.



The Board is recommending a final dividend of 1.2 pence per share (2014: 1.1 pence) for the full year ending 30 April 2015 subject to shareholder approval at the Annual General Meeting on 23 September 2015. The final dividend will be paid on 16 October 2015 to shareholders on the register on 25 September 2015.



Best of the Best plc ("BOTB") runs competitions to win luxury prizes both online and at retail locations



Key Highlights



· Revenue up 25.7% to £8.8 million (2014: £7.0 million)



· Profit before tax increased to £0.81 million (2014: £0.45 million)



· Net Assets of £2.09 million, of which cash balances total £1.91 million



· Online revenues increased by 57.5% to £5.0 million (2014: £3.19million) - representing 57.3% of total revenue



· Successful move to a weekly car competition (previously one every two weeks)



· Special dividend of 14.5 pence per share amounting to approximately £1.32 million, pursuant to a court approved capital reduction, paid to shareholders on 19 December 2014







William Hindmarch, Chief Executive, said:





"I am pleased to announce an encouraging set of preliminary results with increasing revenues and profits. This has been a positive year for the business as we have increasingly become an online business.



We spent much of the year gradually increasing our online marketing investment, as we tested multiple online marketing channels to recruit online players to help us to scale the business. It is our intention to further increase our marketing investment in the current financial year.



Our significant move to operating a weekly car competition (previously once every two weeks), with a guaranteed winner, has been well received by existing customers as well as aiding the acquisition and conversion of new customers, both at airports and online.



The business is well placed for future growth and we look forward to updating shareholders on progress in due course."







Enquiries:



Best of the Best plc
William Hindmarch, Chief Executive

Rupert Garton, Commercial Director
T: 020 7371 8866





KTZ Communications
Katie Tzouliadis
T: 020 3178 6378





Charles Stanley Securities

(Nominated Adviser)
Mark Taylor


T: 020 7149 6000




Please visit www.botb.com for further information






Chief Executive's Statement



I am pleased to announce an encouraging set of preliminary results with increasing revenues and profits. This has been a positive year for the business as we have increasingly become an online business.



We spent much of the year gradually increasing our online marketing investment, as we tested multiple online marketing channels to recruit online players to help us to scale the business. It is our intention to further increase our marketing investment in the current financial year.



Our significant move to operating a weekly car competition (previously once every two weeks), with a guaranteed winner, has been well received by existing customers as well as aiding the acquisition and conversion of new customers, both at airports and online.





Results



Revenue for the twelve months ended 30 April 2015 increased by 25.7 per cent to £8.8 million (2014: £7.0 million) and profit before tax rose to £0.81 million (2014: £0.45 million)



The Company generated £1.32 million of operating cash flow in the period. Net assets at 30 April 2015 stood at £2.09 million (2014: £2.87 million) and principally comprise cash of £1.91 million, our stock of cars on display which are held at a net realisable value of £0.50 million, and our 970 year leasehold office properties valued at £0.95 million.



As previously announced a 14.5 pence special dividend amounting to approximately £1.32 million, was paid to shareholders on 19 December 2014 pursuant to a court approved capital reduction.



Following a recent VAT decision at the First-tier Tribunal concerning a company with similar activities in our sector, the Company has submitted a protective claim to recover overpaid VAT amounting to £2.20 million (exclusive of professional fees and expenses). At present this VAT litigation has not been concluded. It is therefore not certain that the Company will receive any repayment from HM Revenue & Customs. We will update shareholders as this matter progresses.





Dividend



The Board is recommending a final dividend of 1.2 pence per share (2014: 1.1 pence) for the full year ending 30 April 2015 subject to shareholder approval at the Annual General Meeting on 23 September 2015. The final dividend will be paid on 16 October 2015 to shareholders on the register on 25 September 2015.





New Player Acquisition



The Company has a multi channel approach to acquiring new players. One of the key channels for this is our airport and shopping centre locations. The locations build strong brand awareness as well as providing significant opportunities for player acquisition.



The Company is currently operating from 8 airport sites and 2 shopping centre sites. Our airport locations are at Gatwick North, Gatwick South, Birmingham, Manchester Terminals 1 and 2, Edinburgh, Copenhagen and Dublin's Terminal 2. Our shopping centre sites are both in London at the Westfield shopping centres in Shepherd's Bush and Stratford. These locations have traded steadily throughout the year and initiatives have been undertaken to ensure we are recruiting as many new players as possible from these sites.



During this year we will be continuing to invest in these locations to improve the experience and audio visual capabilities. We are installing 4G enabled screens to enable us to quickly disseminate our weekly winner videos, which we have learned are very powerful for acquiring new customers.



Our Indian franchise, which is now trading under the Best of the Best brand from Hyderabad airport, continues to trade well with sites in Mumbai and Delhi under negotiation. The royalty-based agreement allows them to leverage our systems and software, as well as our marketing and operating experience.



Moving to a weekly competition has increased both the participation and contribution of regular customers, but has also facilitated the recruitment of new customers, particularly online. Customers acquired online now exceed the number of players who convert to play online, having first entered at a physical site. The frequency of winners, increased marketing spend, and the positive publicity surrounding the filming and associated public relations activity have combined to make our competitions more appealing to both new and existing customers.



Our website has been incrementally improved throughout the year, whilst our mobile (iOS and android) applications and mobile optimized website have also been launched in beta. During the coming year we will be investing in a full rebuild of our website and IT operating systems, last undertaken in 2009. We anticipate this rebuild facilitating the launch of new functionality, whilst ensuring that we operate from a modern IT platform which will enable us to evolve and develop at sufficient pace. As part of this development, there will be a renewed focus on loyalty, retention and community to reward our regular customers over the shortened competition lifecycle.



Social marketing continues to be a powerful channel for the business, both in terms of customer service and credibility, but also player acquisition. Our Facebook page now has over 120,000 followers, with many of them very active and www.botb.com recorded an average of over 130,000 unique visitors per month. Activity on all social channels is expected to be scaled up this year with increased marketing spend across the spectrum.



We look forward to the continued growth in player acquisition, through our airport and shopping centre locations, and through our increased focus on online channels.





Outlook



Best of the Best has increased revenues and profits, is cash generative and is supported by a robust balance sheet. In the current financial year, the Board will focus on executing an increased multi channel digital marketing plan, whilst ensuring that this strategy provides a suitable return on investment.



I believe the business is well positioned for the remainder of the financial year, and I look forward to updating shareholders on further progress in due course.







William Hindmarch

Chief Executive

10 June 2015

dreamcatcher - 11 Jun 2015 18:33 - 7 of 33

Lift off!!!!!!!!!!!!!!!!!!!!!!!

dreamcatcher - 10 Dec 2015 14:30 - 8 of 33

Back to near highs

dreamcatcher - 12 Jan 2016 17:06 - 9 of 33

Half year report

Key Highlights



· Revenue up 30.0% to £4.98 million (2014: £3.83 million)



· Profit before tax increased by 10.9% to £0.48 million (2014: £0.43 million)



· Online revenues increased to £3.26 million (2014: £1.73 million) - representing 66.5% of total revenue



· Significant investment in digital marketing and commencement of TV advertising



· Net assets of £2.79 million, underpinned by cash balances of £2.19 million (2014: £2.43 million)



· Company rebranded from Best of the Best to BOTB



· Weekly car competitions continue to drive sales

dreamcatcher - 15 Feb 2016 12:27 - 10 of 33

Dividend Declaration
RNS
RNS Number : 9939O
Best of the Best PLC
15 February 2016

Best of the Best plc

("Best of the Best" or "the Company")









Announcement of Special Interim Dividend

The Directors of the Company are pleased to announce a Special Interim Dividend of 19.5 pence per ordinary share ("Special Interim Dividend").



The Company continues to be both profitable and cash generative and benefits from a strong balance sheet with significant cash reserves. As a result of this, the Company has a cash balance surplus to the operational requirements of its continuing activities and deems it appropriate to declare the Special Interim Dividend.



After the Special Interim Dividend the Company will retain cash balances in excess of £1.0 million, which the Directors consider to be sufficient working capital to fund its activities over the next 12 month period.



The Special Interim Dividend will be paid on 18 March 2016 to shareholders on the register at the close of business on 4 March 2016.

dreamcatcher - 16 Feb 2016 18:05 - 11 of 33

Shares - Panmure Gordon increased its pre-tax profit forecast for 2016, 2017 and 2018 by 10% following the interim results. It expects a profit of £1 million in the year to April 2016, 5.3% higher than the previous year. It also raised its target price from 155p to 220p, implying 12.8% upside.

dreamcatcher - 17 Feb 2016 16:53 - 12 of 33

Best Of The Best PLC (BOTB:LSE) set a new 52-week high during today's trading session when it reached 225.00. Over this period, the share price is up 208.22%.

jimmy b - 17 Feb 2016 17:05 - 13 of 33

Good pick DC :) ..

dreamcatcher - 17 Feb 2016 17:08 - 14 of 33

Cheers jimmy. :-))

jimmy b - 17 Feb 2016 17:10 - 15 of 33

Could have told me about this last April :)

dreamcatcher - 17 Feb 2016 17:15 - 16 of 33

Point your binoculars :-)) at post 2. lol

dreamcatcher - 03 Mar 2016 19:44 - 17 of 33

Ex dividend 03 Mar 2016 Best Of The Best Plc (19.5 P)

dreamcatcher - 05 May 2016 16:45 - 18 of 33


Trading Update

RNS


RNS Number : 2882X

Best of the Best PLC

05 May 2016




Best of the Best plc

("Best of the Best" or "the Company")





Trading Update

Best of the Best plc, which runs competitions to win luxury cars online and at retail locations, is pleased to announce that trading for the year to 30 April 2016 has been solid with both revenues and profit before tax in line with market expectations.



The results for the 12 months ended 30 April 2016 are expected to be announced on 8 June 2016 and the Directors look forward to updating shareholders with further detail at that time.



As previously reported, following a VAT decision at the First-tier Tribunal concerning Sportech Plc, a company with similar activities in our sector, the Company submitted a protective claim to recover overpaid VAT. Sportech Plc announced yesterday that the Court of Appeal Judges have ruled in favour of Sportech in its appeal case relating to a VAT repayment claim on the "Spot the Ball" game.



Her Majesty's Revenue and Customs ("HMRC") has been given until 13 May 2016 to apply to the Court of Appeal for permission to appeal to the Supreme Court. At present, therefore, this VAT litigation has not been concluded and it remains uncertain whether the Company will receive any repayment from HM Revenue & Customs, but we will update shareholders as this matter progresses.

dreamcatcher - 08 Jun 2016 16:32 - 19 of 33


Final Results

RNS


RNS Number : 5025A

Best of the Best PLC

08 June 2016






Best of the Best plc

("Best of the Best", "BOTB", "the Company" or "the Group")



Preliminary results for the twelve months ended 30 April 2016





BOTB runs competitions to win cars both online and at retail locations







Key Highlights:



· Revenue up 12.6% to £10.10 million (2015: £8.97 million)



· Profit before tax increased by 10.9% to £1.06 million (2015: £0.96 million)



· Online revenue increased by 40.6% to £7.06 million (2015: £5.02 million) - representing 70.5% of total revenue



· Net assets of £1.59 million, underpinned by cash balances of £1.2 million (following 1.2p ordinary dividend paid in October 2015, and19.5p special dividend paid in March 2016)



· Significant investment in digital marketing and commencement of TV advertising



· Company and operations rebranded from Best of the Best to BOTB



· Weekly car competition well received and continues to drive sales







William Hindmarch, Chief Executive, said:



"I am pleased to announce a solid set of preliminary results with increasing revenues and profits. The transformation from a retail business to a predominantly online operation has continued, with the majority of our revenues driven by digital channels, realised through our website, www.botb.com.



Our online customer acquisition spend has significantly increased during the year, with encouraging results. On the back of these successful trials, we will be further increasing our player acquisition and marketing investment this year.



Our weekly car competition continues to benefit from incremental changes and continues to be well received by our customers both online and at our airports and retail locations.



The business is well placed for future growth and we look forward to updating shareholders on further progress in due course."



dreamcatcher - 31 Aug 2016 17:40 - 20 of 33

Nice bounce

dreamcatcher - 04 Nov 2016 16:43 - 21 of 33

Trading Update and Notice of Results
RNS
RNS Number : 3014O
Best of the Best PLC
04 November 2016
 
Best of the Best plc
("Best of the Best", "BOTB" or "the Company")
Trading Update & Notice of Results
Best of the Best plc, which runs competitions to win luxury cars online and at retail locations, is pleased to announce that trading for the six months ended 31 October 2016 has been strong with profits before tax generated ahead of management expectations. Revenues have been in line with management expectations and the proportion of online sales continues to increase. Operating margins have improved and marketing investment in customer acquisition during the period was slightly lower than originally anticipated.
Notice of Results
The results for six months ended 31 October 2016 are expected to be announced on 18 January 2017 and the Directors look forward to updating shareholders with further details at that time.

mitzy - 05 Nov 2016 08:58 - 22 of 33

Small mention in todays DM.

dreamcatcher - 05 Nov 2016 15:47 - 23 of 33

Do people win supercar giveaways

dreamcatcher - 10 Nov 2016 15:56 - 24 of 33

Dividend Declaration
RNS
RNS Number : 7963O
Best of the Best PLC
10 November 2016
 
Best of the Best plc
("Best of the Best", "BOTB" or "the Company")
Announcement of Special Dividend
Best of the Best plc, which runs competitions to win luxury cars online and at retail locations, is pleased to declare the return of approximately £1.0m to shareholders in the form of a special dividend of 10 pence per ordinary share (the "Special Dividend"). The Company continues to be both profitable and cash generative, benefits from a robust balance sheet and as such the Board deems it appropriate to return surplus funds to shareholders via the Special Dividend.
In order to pay the Special Dividend the Company is required to produce and file a new balance sheet with Companies House, demonstrating that it has sufficient distributable reserves.  Accordingly, the Company will shortly file an unaudited Company balance sheet as at 30 September 2016. 
The principal movements since the Company's last reported balance sheet of 30 April 2016, are the improvement in the cash and cash equivalents and an improvement in retained earnings as detailed below. As a result of profitable trading since 30 April 2016, at 30 September 2016 the Company had unaudited Cash and Cash Equivalents of £2,033,000 (YE 30 April 2016: £1,168,000), an increase of £865,000 and Retained Earnings of £1,262,000 (FY 30 April 2016: £595,000), an increase of £667,000.  Copies of the full unaudited Company balance sheet as at 30 September 2016 will shortly be available from Companies House.
Following payment of the Special Dividend, the Company will retain cash balances in excess of £1.0 million, which the Directors consider to be sufficient working capital to fund its activities over the next 12 month period.
The Special Dividend will be paid on 2 December 2016 to shareholders on the register at the close of business on 18 November 2016. The Ex-dividend date is 17 November 2016
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