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Revolution Share Discussion Threads
Showing 26 to 44 of 50 messages
|Tipped in the Mail on Sunday today so expect a big spike up in the share price tomorrow, but more importantly RBG will now be on the radar of lots more PIs.|
|Just been through the presentation, got alot of good detail in there for sure. Plenty of encouraging operating metrics, but the free cash flow yield is another that sticks out.
Also of note is that the 5 new openings in 2016 are all performing ahead of expectations, so they must be doing something right! Wonder if they will be a beneficiary of the weakness in sterling with more spend domestically too?
Away from fundamentals in watching the trading action here, looks like we've had a few months of caution with some larger sellers holding the price down, but sentiment has changed on the results with alot of large volume going through the backdoor (delayed trades etc).
Both Polar Capital and Royal London (HSBC) have been selling, but clearly someone is on the other end buying it up. You could sell at a premium to the bid in size today with a big buyer mopping up 100k at 170, so it looks a great deal more interesting than I first thought.
One to stick on the main lists for me - holding on for more than £2 (float price) now!
|What's not to like.Bought some.DD|
|Hi Paulypilot, I saw your interview last week - here it is for anyone else that didn't:
Small cap wrap: polarisation provides opportunities to buy and take profits
6 October 2016: Paul Scott, Stockopedia.com, discusses his thoughts (not recommendations) of some small cap stocks he’s looking at. These include BooHoo.com, MySale, Crawshaw, Gear4Music, Fairpoint, Revolution Bars, Lavendon and Johnston Press.
[And at 10.00 minutes for the mention of RBG]:
Yes, I'm Paul Scott - small caps blogger from Stocko pedia.
For anyone interested, I included sections on RBG on results day 4 Oct 2016:
Also another mention of RBG here on 10 Oct 2016:
The more I look at the numbers, the more I like it.
There's a very good results presentation available. It's got lots of useful info, and also nice pictures of the various sites, which look really good (so they should for £1m fit-out cost on average!):
EssentialInvestor - this company (RBG) used to be called Inventive Leisure I think, and was stock market listed, until being bought out by Alchemy Partners in 2006. It re-floated in 2015. Unfortunately, I can't remember anything much about it from back then.
The RNSs from Inventive Leisure are still on investegate, here:
I've been having a look through them, and the company then seemed to be more focussed on the student market, whereas it now seems to be moving/have moved more upmarket.
The figures look good, so it seems to have been a successful business for quite a while, and left the market on a high, rather than a low. It had some debt then, whereas now is completely debt-free, so is in a stronger financial position now then then, and also making about double the profits now that it did back then.
|No its John Rosier, ex fund manager
Pauly Pilot = Paul Scott|
|Paul, you must remember this Company first time around?.|
|No its John Rosier.|
|www.johnsinvestmentchronicle.com and Paul Scott are both on the case.....Is that you Paul
Directors bought stock on the 4th of October
Not without it's risks but I got in earlier today hoping that a turn in the recent downward trend is now underway|
|Yeah, I didn't expect to see such good fundamentals when I initially saw the chart. Often stocks which have fallen a long way like this have something wrong e.g. too much debt or they've warned on profits, so a nice surprise on seeing the balance sheet and cashflow.
I was mostly watching for a short-medium term trade on a breakout, but good to know about the much deeper fundamentals with the stress testing aspect also!
This board is dead so the herd haven't arrived yet - best pick up as much cheap stock as we can in the meantime ;-) ha
Onwards and upwards!|
Yes I agree. This is a completely debt-free high end bars group.
It's generating a ton of cashflow, as you say, which is allowing it to self-fund a roll out of more sites (fit outs c. £1m per site) without the need for any bank debt whatsoever.
The fwd PER is only about 9! That looks very cheap to me.
I don't normally invest in bars groups, as they often go bust in recessions, when engulfed with bank debt. Luminar was a case of that, which collapsed under weight of excessive debt when sales plummeted about 17%.
So I have stress tested RBG to see what would happen if its sales also plunged 17%, and it remained cashflow positive (just). So it could sail through a deep recession without any problems.
One of my favourite shares at the moment (I've been buying in recent days).
Downsides are that the sites are leasehold, so rent reviews could blunt profits in future. Also, there is always the risk that its format becomes tired & goes out of fashion, as customers are fickle.
I think they under-priced the IPO, and we can buy about 20% cheaper now in the open market. Recent accounts looked good to me.
Not many private investors know about this share, as most shares are in Institutional hands.
|I'm sure this was highlighted by someone recently. Finally breaking out after months of sideways movement.
Market cap at 165p = £82.5m
Operating cash flow = £14.2m
Trading at 5.8x! Dirt cheap!
Dividend yield @165 = 3.3%
And then there's about £50m of net tangible assets on the balance sheet!
Headed back to the IPO price of £2 and it looks cheap there!
Sphere - long
|Another one from finnCap
Sales growth ahead of our forecasts. Sales for the year ending 30 June 2016 came in +6.9% at £119.5m, ahead of our +5% (£117.4m) forecast. LFL sales growth of 2.3% was behind the 3% we had pencilled in, implying that new sites (five added during FY16) traded ahead of expectations, but was ahead of the average 0.7% LFL sales growth across pubs and restaurants over the same period. Total sales growth of 6.9% was also ahead of the average 4.4% for pubs and restaurants.
|finnCap published a note this morning, it's on Research Tree
"RBG has (with a couple of exceptions) a solid top-line track record with LFL sales growth on average 2% above the managed pub/restaurant sector average. Premium pricing and positioning has underpinned high, stable site gross margin over the past few years. A differentiated offering. While the UK licensed retail sector is highly competitive, RBG differentiates through offering premium brands as entry-level products and a unique combination of lunch, dinner, drinks and late-night entertainment under one format, for which there is no competition on a national level."|
|Marty, this one is looking a bit flat. Even with my beer goggles on I am seeing this nearing the bottom of its year trading range. Might be starting to look attractive I suppose but might take some time to get a return on its 5 million investments above in Nottingham Leeds and MK.|
|Any one seen the IC recommendation to buy?
Where have they got them company accounts from? Searched company accounts and can't find anything!
|Bought these for old times sake since I made a few bob on Inventive Leisure years ago. Hopefully going to be a slow burner with a reasonable divi in times to come.|
|Directors buy, Chancellor cuts duty - share price falls.
Might have lunch at the weekend in my local RBG outlet - see how things are looking.|
|Investor relations: Https://www.revolutionbarsgroup.com/investor-relations/overview/|