Revolution Bars Share Discussion Threads

[boonkoh] 01/11/2021 14:02

Ah sorry, forgot to type out the rest of the quote. I think there's a cap to that business rates relief, and absolute amount in the hundreds of thousands (can't remember the exact number)

[soultrading] 01/11/2021 11:43

It would be the same, wouldn't it.

I think there is some value at this price point and it is is a good opportunity to get involved.

[boonkoh] 27/10/2021 14:55

"A new investment relief will mean businesses will be able to make property improvements and pay no extra rates for 2023."50% temporary relief on business rates for hospitality businesses for a year. Hopefully that means per venue rather than per company?

[soultrading] 27/10/2021 14:10

Good time to jump in?

[greyingsurfer] 27/10/2021 14:03

Probably welcome. Though not easy to see what Brexit has to do with it, since U.K. has charged well over EU minimum rates since before joining.

[farrugia] 27/10/2021 13:47

Mr Sunak announced another year of business rates relief for firms in the retail, hospitality and leisure sectors. They will be able to claim a 50pc discount on their bills at up to £100,000, a tax break worth £1.7bn.

[farrugia] 27/10/2021 13:44

Champagne capitalist: Rishi Sunak announces sweeping changes to alcohol duties
Rishi Sunak is also cheered as he turns to alcohol duties, which he says he is able to "radically simplify" thanks to Brexit.

The number of rates will be "slashed" from 15 to six "designed around a common-sense principle: the stronger the drink, the higher the rate", the Chancellor says.

Stronger red wines, fortified wines, or high-strength white ciders will see a "small increase", which Mr Sunak said would help address public health and problem drinking.

But he adds: "Many lower alcohol drinks are currently overtaxed - and have been for many decades. Rose, fruit ciders, liqueurs, lower strength beers and wines - today's changes mean they will pay less."

He also announces proposals for a new small producer relief, extending it to small cidermakers and other producers making alcoholic drinks of less than 8.5 per cent.

And, reflecting the fact that drinking sparkling wine is "no longer the preserve of wealthy elites", he announces the end to the "the irrational duty premium of 28 per cent".

[seangwhite] 22/10/2021 21:22

Don't worry our dear old K.E. will keep taking his salary come what may.

[glavey] 22/10/2021 08:30

And the staff?

[puzzler2] 21/10/2021 13:02

Assuming that RBG's target customers (18-25 age group) spread Covid between themselves, they all progressively catch it, take a couple of weeks out sick and then get back to having fun - not a big deal. The risk isn't Covid - the risk is a foolish Government imposing another lockdown that no-one needs and no-one wants.

[seangwhite] 21/10/2021 12:58

More chance of dropping to 20p before your target materialises with the current state of CV19 data.

[glavey] 21/10/2021 08:03

I don't think he frequents Rev. Bars.

[ken chung] 21/10/2021 07:15

UK COVID spreading fast. 'Plan B' next lockdown company soon.

[john09] 20/10/2021 17:45

Watch out for Plan B

[cottoner] 08/10/2021 07:38

Article in today's Times.

Working at home is spoiling the party at Revolution Bars


The boss of Revolution Bars Group says that Christmas party bookings are well behind where they would normally be because so many people are working from home for at least part of the time.

Rob Pitcher, chief executive, said that its bookings were mainly for parties of 20 or 30 people rather than 200. “Christmas is the key period for us, but we’re well behind on corporate bookings,” he said. “It is gathering pace but we’re well short of where we’d normally be at this stage.”

However, shares in Revolution rose by 2¾p, or 11.8 per cent, to 25¼p, after it reported that trading was “well ahead of the company’s expectations” and strong sales were more than covering rising costs.

Like-for-like sales in the period since Covid restrictions in England were fully relaxed on July 19 rose by 17 per cent compared with the same period two years ago. Its 56 English sites were ahead by 21 per cent.

Revolution Bars started life in 1991 as Inventive Leisure. The first Revolution vodka bar opened in Manchester in 1996 and Revolución de Cuba made its debut in Sheffield in 2011. After a company voluntary arrangement last year to shed six loss-making sites, it now has 67 bars, including its first Founders & Co, a pilot concept in Swansea that hosts several pop-up street traders.

Pitcher, 46, said that despite the strong performance, he was cautious about rising utility bills, carbon dioxide costs and labour issues. “Our sales may be strong but there’s only so much we can do before we have to raise our prices. As things stand, we’ll probably push up prices by 5 to 10 per cent this side of Christmas, in line with what other people are doing.”

[idriveajag] 08/10/2021 07:22

17% like for like sales growth since July compared to pre COVID trading and 21% growth for England. That is superb by any metric. I added again yesterday. Follow Mark Ward and buy. 90p within weeks and £1 by Christmas.

[qs99] 07/10/2021 17:35

Interesting to see FC reiterating 40p target price, but keeping an eye as too early for upgrades. IMO this leaves plenty of scope for the share to move higher, and with new positive news, the TP could be moved sharply higher....DYOR but hoping for a few bags on this

Cheers
QS99

[laughton] 07/10/2021 14:22

Thought update was v. good and took opportunity to buy another slug @ 24.59P.

No real sign of Covid surging again so must be good for Christmas trading surely.

[fillipe] 07/10/2021 12:22

Broker reiterates 40p tp.

f

[useless23] 07/10/2021 12:06

Thar she blows

[tomtum1] 07/10/2021 11:25

Now is the time to go long guys. Economy starting to open up!

[qs99] 07/10/2021 11:23

Wonder whether this can get back to and beyond 30p? Any broker thoughts found after today's RNS? DYOR

[useless23] 07/10/2021 11:09

Volume and price

[useless23] 07/10/2021 07:56

Predicted to open at least 6% higher