Shares in provider of competitions to win luxury cars online and at retail locations, Best of the Best (BOTB) currently trade more than 8% higher, at 230p, on the back of a “Trading Update” announcement including “trading for the six months ended 31 October 2016 has been strong with profits before tax generated ahead of management expectations”…
I covered Best of the Best (BOTB) last month, noting the positive trading update issued by the company and musing on the outlook given the rather expensive PE ratio at which the company was trading. Today sees the publication of final results which should reassure long-term holders that there are still rewards to be had here.
Those of us who like to hunt in the micro-cap space are drawn like moths to a flame when it comes to simple, profitable businesses. And what could be simpler than Best of the Best (BOTB)? It rents spaces in major airports, shopping centres, etc. where it displays luxury cars in the most tantalising way possible, maximising the temptation for passers-by to try to win them. Of course, it helps that these punters are very likely carrying some loose change which won’t be legal tender at their travel destination.
