Revolution Bars Share Discussion Threads

[qs99] 29/9/2017 15:54

indeed, I reckon MMs expect a bid after the results and have topped up a punt accordingly....DYOR and for me down side is 6p but DYOR....GLA...

[waspfactory] 29/9/2017 15:46

Holding on too, however it does seem strange that I could sell now for a 5p premium over the offer price. Worth the punt that there could still be a counter offer.

[crumppot] 29/9/2017 15:43

I am also hanging on to see what turns up next week.
Have a good weekend in a Revolution Bar.

[psmith1110] 29/9/2017 15:23

FY results are Tuesday 3/10. I’m hanging on hoping for a favourable update 🤞

[qs99] 29/9/2017 14:55

personally going to hang on for the results, I believe next week? And then see if counter-bid as that is what Deltic have said no?

DYOR, IMO and GLA

[mrx001] 29/9/2017 14:39

Sold out of these now, think the chances of a counter bid have decreased too much now.

[qs99] 23/9/2017 12:12

mmc71, I think they can buy shares but if they do that is then the lowest price they have to pay for the company so effectively would up their bid, hence they won't do it just yet....IMO...DYOR....still think post results Deltic will bid but that is my opinion...DYOR

[bwakem] 22/9/2017 16:53

Sand Grove Capital Management are the buyers. They've amassed over 4m shares (8%+) of the company so far.

[mmc71] 22/9/2017 15:13

westcountryboy - from what i understand of the regs, the bidder (Stonegate) is not allowed to purchase shares on the open market at a price greater than the offer price (203p) so they aren't the ones buying at 209p.

[turbocharge] 22/9/2017 12:57

21 Sep 2017
Prudential plc / M&G Investment Management Limited

Sale of 869,995 shares @ £2.08750

[qs99] 22/9/2017 12:04

"Deltic will in due course publish its own profit forecast and a quantified financial benefits statement in respect of a merger, the timing of which will be dictated by the publication of Revolution's full year results, which are expected on 3(rd) October, 2017. In parallel it continues to evaluate a possible cash offer for the entire issued and to be issued share capital of Revolution."

so a week or so to wait for the results of RBG, then Deltic has said they will publish their own view and IMO that suggests making public the offer they have made.....DYOR .....which then may mean a cash offer is followed up and Stonegate may then have to up their game? Let's see but GLA and DYOR

[spot1034] 22/9/2017 09:04

Deltic certainly aren't walking quietly away yet. I think Stonegate will probably end up winning this battle, but any development which forces them to dig slightly deeper into their pockets would be fine by me.

[westcountryboy] 22/9/2017 08:25

It seems to me that those wanting Stonegate to increase their offer slightly have got their wish. Isn't it likely that they're the ones buying at 209p? I just sold mine for that price anyway...

[turbocharge] 21/9/2017 22:27

REVOLUTION BARS GROUP PLC

Description Scheme of Arrangement

Effective date: 23rd October 2017

Terms: GBP2.03 in exchange for each share held The Boards of Stonegate Pub Company Limited and Revolution Bars Group Plc have announced that they have reached agreement on the terms of a recommended cash offer by Stonegate for the entire issued and to be issued ordinary share capital of Revolution. The acquisition will be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act, subject to court and shareholder approval at the meeting to be held on 17th October 2017. If approval is granted, the scheme will become effective on 23rd October 2017. Under the terms of the Scheme, holders will be issued with GBP2.03 in exchange for each Revolution Bars Group share held. Accounts are expected to be updated with the cash proceeds by 6th November 2017.

[aishah] 21/9/2017 18:24

Hoping for £240+

[bwakem] 21/9/2017 18:02

Deltic still trying to push the merger option. Sounds like they are struggling to raise the cash for a purchase, as many expected.

[turbocharge] 21/9/2017 13:09

12:03:26 208.75 869,995 O 208.50 209.00 ?
11:57:11 208.75 69,995 O 208.50 209.00 ?

[crumppot] 20/9/2017 09:22

Yes we do...but it's all gone quiet over there!

[qs99] 20/9/2017 07:59

so just need Deltic to pull their fingers out then!

[tinker49] 20/9/2017 07:55

• Revolution Bar Group has today announced the posting of the scheme documents whereby it will be purchased by Stonegate. The groups announce that the court meeting will take place on 15 October with trading in Revolution shares set to end on 20 October. Money should change hands 14dys thereafter.

[tinker49] 20/9/2017 07:54

• Revolution Bar Group has today announced the posting of the scheme documents whereby it will be purchased by Stonegate. The groups announce that the court meeting will take place on 15 October with trading in Revolution shares set to end on 20 October. Money should change hands 14dys thereafter.

[mrx001] 19/9/2017 23:49

Although a bid from Deltic would be nice, I don't think it is certain. At the moment they have talked the talk but not walked the walk. Have consequently decided it prudent to sell half to hedge my bets.

[qs99] 15/9/2017 08:20

OK well given all the press articles, Deltic need to crack on next week and put up or shut up!! IMO!! £2.50 knock out blow hehe.....DYOR

[exbroker] 13/9/2017 16:09

Sand Grove and MVN are arbitrage funds, they are betting on an increased offer.