The best replacement for p300 is p310.

The best alternatives to p300 are rated as following:
★★★★★  p310
★★★★  s95
★★★★  s9100
★★★  s100
★★★  p7000
★★  s8200
★★  p275
★  canon s95
★  s8100
  nikon p310
  canon s100

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p300
p310
s95