Revolution Bars Share Discussion Threads

[pugugly] 01/3/2019 08:14

Definately now past use by date - A passing fad which has now past.

[eastbourne1982] 01/3/2019 07:38

Awful results and debt now way too high, these will tank today.

[yupawiese2010] 10/2/2019 13:55

Paul Scott talks with with Graham Neary in the latest podcast, discussion in respect of RBG starts at 32 min in.

[goofrob] 26/1/2019 10:03

I really hope I am wrong here...but just have a feeling prices in this sector will fall quite sharply and with no bid the share price could suffer quite badly in the short to medium term. But GLA...

[barnetpeter] 24/1/2019 16:33

Another heavy fall today on low vol. Now broken below 90p. Might be delayed trades.

Not sure another 60p.....although at this rate it might get to 70p on the offer

[goofrob] 19/1/2019 10:40

When/if this drops to 60p I am interested. Made money last year but with no bid and apparent downturn I think it will be a long wait to make money but GLA...

[luafc] 18/1/2019 14:46

"I imagine the institutional shareholders who turned down Stonegate's bid last year are now kicking themselves."

You think so? More likely those who made the call are spreadsheeting spend scenarios of their bonuses.

[arthur_lame_stocks] 15/1/2019 11:55

Castlefield hold most of their shares in their Buffetology fund. Personally I couldn't imagine the great man himself ever being interested in RBG.

[barnetpeter] 15/1/2019 11:34

yes although the share price is now falling away below the 100p levels. Dividends should be cancelled but that will see more funds exiting.

[stokiematt] 15/1/2019 11:07

If I've read the 2 RNS's right. Castlefield (Keith Ashworth-Lord) bought before the trading update and has continued after.

A silver lining in all this I guess.

[jeffian] 15/1/2019 10:38

"3) low debt, however this is increasing every year"

Not only is it increasing every year, but the balance sheet is founded on sand. Net Current Liabilities exceed Net Current Assets and the NAV relies on £60m of "property assets". But look at those "property assets"; unlike the big pubco's whose estates are mainly freehold, only £210k of RBG's property is freehold with the rest made up of short leases, fixtures & fittings, IT equipment and office furniture! Arguably in my book, short leases at market rents are liabilities, not assets, but there is no doubt that the rest is worthless as a realisable asset.

I imagine the institutional shareholders who turned down Stonegate's bid last year are now kicking themselves.

[goofrob] 15/1/2019 10:14

Made money when bid was received....been watching....may buy more lower down...GLA..

[yorkshireinvestor] 14/1/2019 21:19

Reasons I'm still holding:1) potential bid opp2) strong rollout pipeline (c. 4 sites per year)3) low debt, however this is increasing every year4) strong operating cash flow generation5) decent divi yield 6) the bars are generally good for a night out, always busy whenever I've been into them on a weekend

[barnetpeter] 14/1/2019 11:11

My view is that these are not worth more than 60 pence. No cash plenty of debt and missing forecasts. Not good. Bid hopes here giving support but different times. Sold half on Friday and the rest today. Not given up on these but no bid equals a big drift imo.

[yorkshireinvestor] 14/1/2019 08:38

Losing patience with this share, another disappointing update...

[spot1034] 14/1/2019 08:31

Deltic have a lot to answer for. Had it not been for their intervention in the Stonegate takeover it would almost certainly have gone through and we would all have moved on. How I regret not selling before the end. I've said it before here but it says a lot about Deltic that despite the shares now trading at half the level of the Stonegate bid (and considerably less than that in early trade this morning) they still don't have the ability to take advantage of the situation that they are largely responsible for.

[tsmith2] 14/1/2019 08:29

Forecast were £16.5mn

[stokiematt] 14/1/2019 08:22

@podgyted. Yeah wished I'd reduced some of my holding Friday. Looks like a turnaround in the Revolution brand may take some time.

[pireric] 14/1/2019 07:30

Gone from expecting brokers expecting 16.2m adj EBITDA versus 15m last year to 12m, FYI

[arthur_lame_stocks] 14/1/2019 07:29

Well not great, but not a disaster either.

[pireric] 14/1/2019 07:29

And straight back down IMO. 25% cut to the broker adj EBITDA forecasts for the year

[podgyted] 14/1/2019 07:24

Looks like the smart thing to do was to exit before the TU.