News blog

Best of the Best

BY: Andrew Hore |
POSTED: 27/01/2012 |
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Competitions organiser Best of the Best slipped into loss in the first half because of the loss of contribution from the former BAA sites.

Revenues from continuing activities improved from £2.41m to £2.68m in the six months to October 2011 but a profit of £168,000 was turned into a loss of £115,000 due to higher admin expenses. Online operations account for 35% of revenues and new daily competitions have been launched.

The company is trading at 10 airport terminals and three shopping centres.

At 25.5p a share, Best of the Best is valued at £2.87m. The company’s net asset value was £4.08m at the end of October 2011 but since then £1.8m has been returned to shareholders at 63p a share. Pro forma net assets are £2.28m, which includes cash of more than £1.1m.

There is no interim dividend but a final dividend is likely. Last year’s final dividend was 1.2p a share.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2012_28.pdf