Best of the Best trading continues strongly into second half

Lifestyle competition operator Best of the Best updated the market on its first-half trading on Wednesday, reporting that it had remained as strong as it had detailed on 16 September, with that momentum remaining.

The AIM-traded firm said its online strategy had continued to gain traction in the six months ended 31 October.

It said that the early signs were that the second half would be “strong”, with the board adding that it was confident about the company’s prospects in the latter six months of the financial year.

Best of the Best also updated shareholders on its formal sale process, saying that itself and its advisers were in ongoing discussions with interested parties from a number of sector verticals, including private equity.

“These discussions are continuing despite the constraints of Covid-19, though the related restrictions are naturally impacting the speed of discussions.

“The board wishes to reiterate that there can be no certainty that an offer will be forthcoming or as to the terms of any such offer and looks forward to keeping shareholders updated in due course.”

At 1158 GMT, shares in Best of the Best were down 1.79% at 1,375p.