Revolution Bars Share Discussion Threads

[rickyy] 08/2/2017 10:38

I'm out too, there's something fishy here and I'm not talking
about the contents of Baldrick's apple crumble :)

[bones] 08/2/2017 09:54

It's not panicking. There are plenty of fish in the sea and I prefer to catch those whose CFO has not suddenly resigned. Simple risk aversion for me in a risk seeking portfolio.

[amencorner] 08/2/2017 09:25

Panicking, well quite possibly but I will put off buying into RBG until there is a touch clarity from the business simple as that.
I will continue to have on the watch list but share price is down now about 20% from recent highs. Maybe that makes it a bargain at the moment or maybe a risk?

[martinthebrave] 08/2/2017 07:43

Sounds like a few people panicking over very little to me. #RBG has a top management team, a lovely business model & posted decent results 3 weeks ago. Sounds like a good opportunity to add on weakness to me.

[amencorner] 08/2/2017 07:27

Why not package the news all together with the interims that such an important post-holder as the CFO who has only been in post for a matter of months is leaving for family reasons but at the time give something of a more detailed explanation rather than the mid-day RNS offered?

The RNS announcement itself was not encouraging as it was released at mid-day which I never like.

May well all be dandy and innocent but on the other hand maybe the CFO just did not feel comfortable: will have to wait and see.

[paulypilot] 08/2/2017 00:33

Current CFO has only been in the job 5 months. So the announcement looks to me like it isn't working out. He's staying on until a successor found, which reassures. His experience didn't look relevant to RBG, so arguably a rather odd appointment in the first place.

Previous CFO served in the role for 13 years.

We had an in line trading update only 3 weeks ago:



Interim results are due out soon, on 28 Feb 2017.

Regards, Paul.

[amencorner] 07/2/2017 19:31

This is the second CFO to leave in 9 months: may be perfectly innocent but far too much of a risK for me. Rule No 1: Protect capital and sold out today.

[muffinhead] 07/2/2017 19:25

Surprised coming so soon after a trading statement...he seems the type that tends to stay in a job and has been with some good companies

[ayl30] 07/2/2017 17:23

I think they need to explain this more especially as he not been around for long

[panic investor] 07/2/2017 17:09

With much thought I too have moved to the sidelines until all is tidied up - added to my BUR position with the proceeds

[crazycoops] 07/2/2017 16:31

'Twas enough to shake me out too. Wish the CFO well with any family matters but for reasons stated by others, this sort of thing is often a warning sign of something nasty around the corner. Might be something of nothing but happy to be on the sidelines for now. GLA

[sheep_herder] 07/2/2017 16:05

I got out at 197p too. The only positive from the statement is that he's staying on until they find a successor. If there was any drama he'd have left straight away.

[bones] 07/2/2017 15:59

It's the "out of the blue in middle of day" nature that spooked me. Statement is innocent sounding but sold out for 198.7p straight after it. I still like the company but happy to be in cash while it plays out. Results end of Feb so will reconsider then.

[rjd1233] 07/2/2017 15:54

FD resigning for family reasons, if genuine wish him well..... if pushed aside because of something else then it means they have issues somewhere?

[boonkoh] 07/2/2017 15:43

Damn, just bought some shares this morning. Wish I'd waited.

[flyposter] 07/2/2017 15:42

Not sure which way to go with this, second CFO to resign in 9 months has me concerned....

[discodave4] 07/2/2017 15:28

PI agree.And the market takes advantage to have a wee shake!, bless em.DD

[panic investor] 07/2/2017 14:52

Family reasons - wish him luck

[bestace] 07/2/2017 14:37

Hmm, not good news, he's only been there 6 months.

[zho] 07/2/2017 14:30

CFO resigns

[salchow] 03/2/2017 18:08

Taken from the RNS dated 30.11.16

"Revolution Bars Group plc, the operator of the Revolution and Revolución de Cuba brands announces today that it will have successfully opened four Revolución de Cuba bars in the last eight weeks of 2016 as part of its stated expansion plans to open five new sites per financial year".

The update on 19.01.16 stated that "the Group opened four new Revolución de Cuba bars in H1 FY17 in Harrogate, Aberdeen, Reading and Glasgow. We are currently on site at our fifth development in Southend on Sea which is due to open in H2". In other words 5 this year.

There was a mention of a plan to take over a larger number of outlets last year but that it had fallen through following Brexit. At this point you can only assume 5 per year.

[glaws2] 03/2/2017 16:14

Croas - it's on their website

hxxps://www.revolutionbarsgroup.com/files/1014/7559/3655/FY16_final_presentation-revised.pdf

[croasdalelfc] 03/2/2017 16:08

Glaws - any detail or a link to that info. Broker note perhaps?The only one due to open in H2 is Southend and yes I did state that the 4 bars from end of H2 will contribute a full year.I notice they have no bars in Dublin and Belfast

[glaws2] 03/2/2017 15:16

Another 9 sites where the deal is agreed or they are already on site and a further 12 under offer.

[bones] 03/2/2017 15:08

Haven't four just opened in a matter of two months? That will be all in 2017's numbers to start the ball rolling (out).