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16 Sep, 2020 08:44

Best of the Best trades ahead of expetcations YTD

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Competitions organiser Best of the Best said on Wednesday that momentum seen at the tail end of its last trading year had carried over into the current one, resulting in a "strong" performance for the first four months of the year.

Best of the Best highlighted that trading had been stronger than expected at the time of its full-year results in June, putting it on solid footing for the year ending 30 April 2021.

The AIM-listed group now expects revenue and profits for the full-year to be ahead of expectations, as new competitions and sustained investment in marketing and customer acquisition delivered increased activity across as a broader customer base.

Best of the Best also stated that it was in discussions with "a number of interested parties" regarding a formal sale process, with additional information and management access being granted to a number of suitors.

However, BOTB noted that talks had died down over the summer period and said there was no certainty that an offer for the company would be forthcoming.

As of 0840 BST, BOTB shares were up 4.62% at 1,700.0p.

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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.