Revolution Bars Share Discussion Threads

[sailing john] 15/8/2017 08:04

Having looked at Deltic's latest accounts I can understand why RBG not interested!

[aishah] 15/8/2017 07:46

Said it before. Stonegate offer @ipo price definitely undervalued RGB. Will await developments here.

[boonkoh] 15/8/2017 07:28

Sounds like it might be games - Deltic just trying to scupper the deal with Stonegate or get Stonegate to pay through the nose.

[spot1034] 15/8/2017 07:25

Well the company is defintlely 'in play' now!

[qs99] 15/8/2017 07:08

Interesting and will force board IMO to justify why no talks... city will use this IMO to push for higher offer

DYOR and GLa

[jm2009jm] 15/8/2017 07:06

Deltic Group Statement re Possible Merger Proposal

see RNS...

[spot1034] 14/8/2017 20:19

Stonegate aren't new to this and presumably know what they're doing. I'd say they want the locations more than anything else. They could see exactly what the company consisted of in that respect before they even made a preliminary approach. The share price has suffered because profitability is lower than expected and threatened by 'headwinds'. They knew that too, but they still made the approach because they want the locations regardless of how they are performing. If the present operation doesn't make enough money, they think they know how to make changes so that it does.

Unless they find something nasty in the books which goes beyond a straightforward underperformance of the day to day business, I can't see why they would walk away.

[declanjwalsh] 14/8/2017 19:08

I'd be wary here guys.. No longer a holder FYI. Sitting in the new'ish operation in Belfast. Told by manager at 6.40pm that I couldn't dine tonight as he had bookings to come in. He showed me the booking sheet (I own my own restaurant and am on a management night out) and has 6 further tables booked for the rest of the evening!!!!! He said the kitchen can't cope as everything is freshly prepared!! There are multiple empty tables around which in my world are all revenue opportunities. It's just a dreary wet Monday night in Belfast people. IMO bail out....

[spot1034] 11/8/2017 17:46

Wouldn't be surprised. I doubt they will keep us hanging on until the 28th.

Obviously they could see what the company consisted of before even making a preliminary approach, the day to day performance under existing management is not much of an issue if they think they can run it better, so presumably the due diligence will have been mainly about reassuring themselves that the company does not have any unknown liabilities which could be a problem going forward.

Assuming Stonegate do go ahead and bid you would think they will want to get the deal done as quickly as possible to minimise the risk of someone else coming along and spoiling the party.

[h0me] 11/8/2017 15:07

Are we expecting news over the weekend?

[kazoom] 08/8/2017 19:24

Williams used to run a games company. Is this the fighting ferrets (or whatever) connection?

[crumppot] 08/8/2017 16:50

Adrian John Williams seems to have acquired 762,000 shares recently. Here is a biography.

Adrian John Williams - Chairman and owner of DM plc
Adrian studied Economics and Marketing at University and had a successful career prior to founding Strike Lucky Games Ltd in 1993. DM plc was formed in October 2004.
The group also includes Purely Creative Ltd, which operates a wide variety of imaginative games in leading newspapers and magazines, Purely Creative, like Strike Lucky Games, has been trading for over 20 years.
The acquisition of Data Locator Group Ltd (DLG) in November 2008 and PDV in April 2009 presented the group with the opportunity to rapidly establish an influential market position in consumer lifestyle database marketing, which has been realised as they are now the UK's largest providers of consumer lifestyle data.
Accolade Publishing Ltd has recently joined the group and operates the largest online comping websites: including: www.theprizefinder.com, www.compersnews.com and www.competitionhunter.com

Interesting purchase for a direct marketer!

[death by donut] 07/8/2017 14:25

Ignore , error.

DbD

[joe say] 06/8/2017 08:54

Thanks bestace - ironically that pulls the 2 points together as effectively he's saying that the improvement under stonegate won't be as good as initially appears once you also account for a depreciation policy adjustment

[bestace] 05/8/2017 11:37

Joe Say - he's also confused about Stonegate's margins, which undermines his point somewhat.

He says Stonegate made an operating margin of 12.4% in their 2015 accounts, but that's actually their EBITDA margin. He made a similar error on Twitter where he claimed Stonegate made a "12% EBIT margin". Actually if you deduct their depreciation and amortisation charges, they made an EBIT margin of 6.2% in FY15 and 7.2% in FY16.

By comparison, RBG's EBITDA margin has consistently been over 13% and their EBIT margin was 7.3% in FY16 and 7% at the last interims.

[joe say] 05/8/2017 09:12

Twisted argument on the depreciation policy as;

1. The writer says that RBG profits may not be as high as reported, BUT in his previous paras

2. Stonegate can earn stronger margins on what they sell so in their hands the sites will be so much more efficient (buying power, better operator etc) etc

So what's the relevance of 1 - as if they can earn higher margins (on their depreciation policy) then whats the relevance of what policy RBG operates?

[rimmy2000] 04/8/2017 16:59

Replace hxxp with http

[greenknight1] 04/8/2017 16:31

Rimmy- your links not working mate

[rimmy2000] 04/8/2017 14:56

feature on RBG here hxxps://download.sharescope.co.uk/doc/2017_08_04.pdf

[greenknight1] 04/8/2017 12:50

I can genuinely see this going for more than 200p. Surely the directors and IPO investors will want more than just their money back after a 2 year investment. ~240-280p is my estimate

[trogerswinning] 04/8/2017 12:44

Holding out for an improved offer of 210p-215p

[twistednik] 03/8/2017 17:41

Does she like vodka !?

A small pop up in price towards the close. I wonder if hedgies are accumulating.

Bets will be being laid on whether the takeover has legs or not. Will be interesting to see if Stonegate are actively accumulating shares in the market at below their offer price...

[gorse] 03/8/2017 08:46

Just bought a tranche for my daughter.