Best Of The Best (AIM:BOTB) a terrific little business delivers for shareholders…and customers
The AIM quoted operator of competitions to win luxury cars, which will be well known to travellers through its enticing displays in airport terminals, has delivered terrific results for the year ending 30 April 2016. With online activities now representing the lion’s share of revenue this small business goes from strength to strength. There could be plenty more to go for!
BOTB derives revenues from ticket sales to passing airport passengers, and now to a greater extent from online customers via its revamped Website. It’s a really simple and appealing concept that delivers handsomely to shareholders and occasionally to lucky players! This business has become a terrific cash generator from a modest asset base. Revenue in the year was up 12.6% to £10.10m of which online revenue increased 40.6% to £7.06m and now represents 70.5% of the total. Pre-tax profit was up 10.9% to £1.06m with the net operating cash inflow £1.6m and free cash flow £1.2m, although cash got a…