Investor's Champion Blog
Provides refreshingly forthright, independent comment on predominantly small cap companies and specialist investment funds. Informed opinion, based on first-hand research, but pulls no punches in exposing management weaknesses.

Best of the best - getting better

Best of the Best, the group responsible for those luxury car lotteries (although I don’t think I’m supposed to call them lotteries) at UK airports and a new issue in which we participated in August 2006 issued a positive pre-close trading update today confirming that they expect results for the year to 30 April 2007 to be in-line with expectations.

Having had the misfortune of joining AIM in August when UK airports were in turmoil one has to commend their efforts.

They have clearly had excellent second half performance with a continuation of the strong
trading conditions experienced in November and December. Apparently the new stand at
Gatwick South has resulted in a material increase in sales and they are due to expand into a number of new regional airport locations.

The shares have has a great run of late and having floated at 63p have been as high as 80p-not bad considering they were down at 43p at one point. Preliminary results will be announced on 19th July.

 

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