Good morning!

Today, we have a couple of very welcome guest comments from Paul.

It looks surprisingly quiet on the RNS front, in relation to stocks in my universe.

Stories on the radar so far include:


Mello meeting: a quick plug for the next Mello meeting in Beckenham. It's on Monday (25th June) and will feature Sosandar (LON:SOS). All you have to pay for is your own drinks and dinner, and e-mail David in advance to say that you're going. Here's the link!




Best Of The Best (LON:BOTB)

  • Share price: 295p (+7%)
  • No. of shares: 10.1 million
  • Market cap: £30 million

Final Results

(This section is written by Paul, who owns shares in BOTB.)

Results look as expected. What's interesting is that the company (which runs a weekly competition to win supercars & other prizes) is to exit all its remaining airport sites, and become an online-only business. I think this might trigger a re-rating of the shares at some point. The decline in the airport locations (which have become too expensive to operate) has masked good online growth. Today it reports 23% underlying online growth, which is now 84% of total revenues, and set to become 100% of revenues when the 3 remaining sites are closed.R

I think the company is gradually learning which marketing expenditure works best, and this comment (below) today gives me hope that growth might accelerate. Given that each additional sale is virtually pure profit, then this process of increased growth from increased marketing could become a virtuous circle. That's what makes the shares so interesting, in my view;

All our online marketing investment is carefully tracked and constantly fine-tuned to ensure we are optimising the returns.  As…

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