Coronavirus impact: 15 June - fantastic results but why bother with the stock market
A company’s stock market listing generally implies an ability to freely buy and sell its shares. Unfortunately, that is not the case with this high performer.
Best of the Best: great results but why bother with the stock marketBest of the Best (LON:BOTB), which runs spot the ball competitions to win cars and other lifestyle prizes, issued terrific results for the year ending 30 April 2020, releasing them in record time as well. Revenue increased 20.1% to £17.79m and profit before tax doubled to £4.20m (margin 23%) with earnings per share up 112% to 37.51p. Having originally displayed its enticing sport car prizes at airports to attract punters, the business now generates 100% of its revenue online. Operating cash inflow of £4.3m and free cash flow…