Online competitions organiser Best of the Best has continued its positive momentum.
The AGM statement reassures that trading is comfortably in line with forecasts that expect a dip in pre-tax profit from a bumper £2.1m last year to £1.9m. At 285p, the shares are trading on 17 times prospective earnings.
The underlying dividend is expected to increase from 2p a share to 2.1p a share. There have been special dividends in the past and the business remains cash generative.
There are no more physical sites and the business is purely online. These reorganisation costs have already been provided for.
The interims will be published in January.
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