Share Name Share Symbol Market Type Share ISIN Share Description
Revolution Bars LSE:RBG London Ordinary Share GB00BVDPPV41 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.875p -1.68% 110.00p 109.00p 113.00p 114.75p 110.00p 114.75p 82,883 12:39:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 119.5 7.1 12.1 9.1 55.00

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Date Time Title Posts
21/7/201714:43REVOLUTION BARS GRP677
10/5/201715:08Revolution Bars Group35

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Revolution Daily Update: Revolution Bars is listed in the Travel & Leisure sector of the London Stock Exchange with ticker RBG. The last closing price for Revolution was 111.88p.
Revolution Bars has a 4 week average price of 99p and a 12 week average price of 99p.
The 1 year high share price is 246p while the 1 year low share price is currently 99p.
There are currently 50,000,000 shares in issue and the average daily traded volume is 101,753 shares. The market capitalisation of Revolution Bars is £55,000,000.
don777: From Artemis UK small co fund 201706 update: " That lone profit warning came from Revolution Bars and cost the fund 0.4%. Some of its recently opened bars have taken longer than expected to reach normal levels of profitability. Costs - including the higher National Living Wage, the Apprenticeship Levy and business rates - are rising. These factors, combined with slightly softer trading, led to a 20% reduction in earnings per share. In response, the share price halved. Most of these issues have been known about for a long time, so it is frustrating that the principal issue appears to lie in poor budgeting rather than a meaningful change in market conditions. The group's two largest shareholders both cut their holdings substantially, exacerbating the fall in the share price. We added to our holding: the shares looked good value before the warning and the market's reaction seems extreme relative to the earnings downgrade. The balance sheet remains strong (net debt is very modest) and it remains a cash-generative, high-return business with significant potential to expand."
jaknife: The guidance in the trading update was: "the Company believes that the adjusted EBITDA (pre-opening costs) out-turn for the year is expected to be broadly at the same level as last year." see: Which would be an Adjusted EBITDA of circa £15.6m. But that's on increased sales so they're basically saying that EBITDA margins have dropped marginally. The Adjusted EBITDA figure seems reasonable and is marginally above the net operating cash flow, so cash conversion looks good. The balance sheet is also good. Hence to see this trading at 4*EBITDA strikes me as nuts, the sector average is significantly higher, eg: Mitchells & Butlers - 8.78 * Greene King - 9.19 * J D Wetherspoon - 9.72 * They're bigger and more widely dispersed with multiple brands to support their respective businesses so it makes sense that we should apply a discount, say 25%? So 0.75 * 9 * £15m is approx £100m market cap. That's about a £2 share price, which is where the price was before (honestly, I plucked the 25% out of the air because it's the BVCA standard discount for illiquid stocks). That trading statement doesn't suggest £40m of value destruction to me. It looks cheap.
buywell3: The problem is the CEO only said this a couple of months ago So on Feb 25th , everything was hunky dory 11 weeks later things have changed and he says ''increases in minimum wage, the apprenticeship levy, and the rise in general business rates'' have all been blamed for costs that are now going to be more than anticipated. But inflation is now on the rise EVERYWHERE , costs are going up from now on , wages ,rates and prices for goods are all going to rise from this point on. This year the financial year end for Revolution is June 30th. The impact of rising costs for the year 2017 will be felt for the whole 52 weeks NOT just the last 11 weeks since the +ve slanted interim results given on Feb 25th. Hence I think the slide on Friday was deemed by the market as profit warning number 1. The market now waits for the next trading update , profit warnings have a tendency to go in 3's Sure I expect there might be a bounce this am as mug punters try to make a quick buck , but when they sell , what happens next ?
paulypilot: Oakley is completely missing the point. RBG is a roll-out. They are being offered absolutely amazing deals on new sites, many of which are former HMV sites which have been closed for years. RBG applies for planning permission change to use as bars, which is difficult & takes a long time. Once granted, they sign a new lease on amazingly competitive rents. So the new sites hit the ground running, on a 38% ROI. So payback period less than 3 years. Clearly there would be little maintenance capex in the first 3 years, as everything is new. So new sites pay for themselves quickly. Overall maintenance capex is c.£5m, mainly on the older sites. So the company should make about £17m EBITDA this year, which is enough to fund the maintenance capex, pay a bit of tax (not much), there's little to no debt interest (as it has no net debt), then the remaining cashflow is enough to pay a 2.6% divi, and fund 6 new £1m sites per annum - which raise EBITDA by about £2m per annum. It's a fantastic business model. Investors just have to sit back & do nothing, and in 5 years time we should be significantly richer from this share. Over-analysing historic numbers is completely missing the point! But that, and an aversion many investors have to investing in bars, is what creates the buying opportunity here. I've no idea when the share price will re-rate, but I am certain it will, eventually, once more investors grasp the investing rationale here. Regards, Paul.
fizzypop: Paul Scott‏ @paulypilot 30m30 minutes ago Revolution Bars (RBG) interims look fine to me. In line FY outlook. It's a cheap retail roll-out, with no net debt. Lovely cashflow. I hold 0 replies . 2 retweets 8 likes Paul Scott‏ @paulypilot 13m13 minutes ago RBG - share price dropped c.10-15% on worries when FD departed recently. Nothing in accounts today to justify that worry. 0 replies . 0 retweets 3 likes Paul Scott‏ @paulypilot 5m5 minutes ago RBG- FinnCap just raised its PBT/EPS forecasts by 3% for both 6/2017 and 6/2018 years. Cites softer pr yr H2 comps, strong H1, new openings 0 replies . 0 retweets 0 likes
muffinhead: 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 htTp://
bones: BPC10 - check out the news items around that time. Revolution Bars came to the market then. RBG was used as a ticker for a different company before then so there is no relevance to the share price "drop". It never happened.
thevaluehunter: Sales up 16.2% over the 5 week xmas trading period and the share price goes down...very odd
Revolution share price data is direct from the London Stock Exchange
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P:41 V: D:20170721 14:47:56