Revolution Bars Share Discussion Threads

[tanneg] 08/1/2018 09:03

Well Deltic have!

[nw99] 08/1/2018 08:49

Good news in the Times bars busy looks like RBG will benefit

[turbocharge] 04/1/2018 14:07

2 weeks of rising share price in anticipation...?

[boonkoh] 04/1/2018 13:39

Things seem to be a bit more organised on the finance side now.Last year we got notice of 7 days of an upcoming trading update.This year we're getting more than 2 weeks notice!

[masurenguy] 28/12/2017 13:15

One of Paul Scott's tips for 2018.

Revolution Bars: (RBG) - cash bid at 203p from Stonegate was rebuffed by shareholders. So why is the price now at 150p? Likely to be more bids in 2018, in my view. A good quality, expanding business, at a bargain price.

[jeffian] 01/12/2017 10:25

Except it wasn't being presented as a bid, but a "merger". Deltic were (are?) in a mess and need to make substantial investment in their estate just to maintain revenues. RBG has assets and cashflow. "Mergers" are supposed to create added value from the combination of the two. The advantage for Deltic is clear; what's in it for the shareholders of RBG?

[crumppot] 01/12/2017 09:27

It all happened in a hurry and at the time Deltic didn't have access to the cash but now they can plan ahead and raise the finance in time for another bid. They must be looking at RBG seriously now and wouldn't waste their time making another bid unless they thought they would have a good chance of succeeding. It costs a huge amount of money to hire advisers and make forecasts etc.

But of course it is always what is in it for the bidder....why else do it they are not a charity!

[jeffian] 30/11/2017 23:49

As per my previous posts, this is all about what's in it for Deltic, not what is best for RBG shareholders.

"Deltic had previously said it reckoned it could deliver £6.8m in cost savings as well as a £900,000 reduction in the cost of servicing its debts. Deltic pays 8pc on a £22.3m loan but would be able to refinance this post-merger with a lower rate."

It's all very well Deltic going out and buying a few shares now, but why weren't they prepared to put cash on the table for a bid? Answer: they haven't got any. They need this deal to bulk up their (non-existent) asset base and, by acquiring RBG's real assets, effectively re-finance themselves. RBG shareholders, be under no illusions - Deltic have their own interests at heart, not yours.

[spot1034] 30/11/2017 18:42

Was the MD from Deltic just attending as a silent observer or did he say anything?

Several reports on the Deltic holding now.



hxxp://www.cityam.com/276713/not-quite-last-orders-deltic-buys-stake-merger-target

[waspfactory] 30/11/2017 16:25

Thanks for the update crumppot, sounds like it was a bit of a damp squib.

[h0me] 30/11/2017 16:25

Once this gets in the press the buyers will return.

[geheimnis2] 30/11/2017 14:43

back in play?

260p seemed fair at the time!

[waspfactory] 30/11/2017 14:29

They're not giving up

[psmith1110] 30/11/2017 14:26

Until 14:15 hrs .... what gives ? Any news from the AGM ?

[boonkoh] 30/11/2017 08:38

After yesterday's big surge, barely any volume this morning.

[dulciemo] 29/11/2017 18:36

It's only a matter of time before a bid will materialise, this is an undervalued company.

[barnetpeter] 29/11/2017 18:09

No...a sudden spike today in a few mins. That usually means news. A bid from someone else? A non uk buyer?

[aishah] 29/11/2017 17:48

Perhaps business doing well? New bars opening before Xmas. London bars very busy from what I hear.

[rimmy2000] 29/11/2017 16:39

spot, see H0ME's post