Revolution Bars Share Discussion Threads

[glavey] 31/1/2022 09:41

Revenue is vanity...

[idriveajag] 31/1/2022 08:16

RBG will recover strongly in 2022.

[idriveajag] 28/1/2022 23:42

Interviews
Revolution: ‘We are in a position to grow our estate again’

By Georgi Gyton
21 January 2022
External Revolution- Mitchell Street

CEO Rob Pitcher told MCA the group has cash in the bank and five sites in negotiations

www.mca-insight.com/interviews/revolution-we-are-in-a-position-to-grow-our-estate-again/663720.article

[sharetalk] 28/1/2022 12:07

City Pub has 46 venues and only managed £35.4m revenue in the whole 12 months to 26/12/2021, i.e. an average of £769,000 per venue.

RBG has 66 venues (excluding the 1 new site opened at end 2021) yet managed £82.3m revenue in just the 6 months to 28/12/2021, i.e. an average of £1.246m per venue, so RBG achieved 62% more revenue per venue in just 6 months than City managed in a whole year.

RBG have the better revenue generation per venue.

RBG's leasehold model could also enable faster rollout and they are being more progressive in experimenting with varied themes, such as the new Founders & Co opened at end 2021 and Playhouse.

[sharetalk] 28/1/2022 12:05

City Pub will turn around at some point and have the advantage of a freehold estate, with strong underlying asset value.

[jeffian] 28/1/2022 11:02

"Should do very well in 2022 IMO....city pub group update a good indicator as well IMO DYOR"

The fundamental difference is that CPC own most of their pubs freehold whilst RBG are almost entirely leased (i.e. liabilities, not assets). If you look at RBG's balance sheet, the 'assets' are the (questionable) value of the leases but also huge amounts of 'fixtures and fittings' and 'IT equipment'. Most of the last 2 items are a write-off the minute they are installed (i.e. if you have to close that venue, there is no value in the F&F to anyone else).

[idriveajag] 28/1/2022 10:05

Hospitality restrictions in England now ended.Time for RBG to rocket.

[qs99] 28/1/2022 09:57

Looks like buying at full offer and bid closing in, so hopefully a move Northwards shortly! dyOR

Could this be a recovery buy-out for P/E? One of my stocks AIR just been taken out. Reckon more stocks will follow now COVID risks are diminishing....DYOR

[qs99] 28/1/2022 09:34

Should do very well in 2022 IMO....city pub group update a good indicator as well IMO DYOR

[qs99] 28/1/2022 09:34

Given City Pub group update and now UK opening up totally, IMO this has much much further to go....DYOR

[sharetalk] 21/1/2022 09:03

Half year sales to 28/12/2019 were £81.2m, so sales for the half year to 1/1/2022 of +1.4% on the same period two years ago = £82.3m.

That is good considering they had 7 less venues this time due to having exited the loss making sites (74 bars on 28/12/1019, 67 bars on 1/1/2022), plus COVID trading restrictions. Obviously the sales should be even better for the current half year as 'Plan B' restrictions are lifted next week.

So a good outlook for RBG.

[tell sid] 20/1/2022 19:05

That's a fair point about them still managing to beat pre-covid levels of like-for-like sales but now with less locations, which is a good achievement particularly under the circumstances. That suggests solid underlying growth, which will only increase as remaining COVID restrictions are lifted next week.It will also be interesting to see the full figures in March, as they will include benefits from the removal of the loss making sites (reducing losses), COVID VAT relief (which helped margins) and negotiations on rental terms (reduced overheads). Encouragingly they also managed to report today the cash position had increased from £4.6m on 15/11/2021 (reported 16/11/2021), to £4.7m on 19/1/2022 (reported today), i.e. +£100k.

[sharetalk] 20/1/2022 14:42

Looks like the half year trading was hit by the Omicron restrictions in December 2021 and January 2022, which are due to be lifted next week, as they were trading really strongly July to mid November 2021.However good to see like for like revenues for the six months compared with the same period 2 years ago were +1.4%, even with 10% less venues overall (they got rid of the loss making venues during COVID) which is a great achievement. Also they may recover some of the lost Christmas corporate party business during January:"Pleasingly, many of the corporate parties have already been rebooked for early in 2022."Should be a stronger current half year, with the benefits of restrictions being lifted, rebooked Christmas parties, vaccinations, warmer weather, refurbishments, and new venues, all helping to improve business.

[tell sid] 20/1/2022 13:22

I'm up over £90k on Alba and looking for a new home for my gains. RBG has the recovery potential to 5x to 10x bag. I'll be buying spread over the coming months.

[glavey] 20/1/2022 07:39

"But I'll blame it on the sun
The sun that didn't shine
I'll blame it on the wind and the trees
I'll blame it on the day
That ended once too soon
I'll blame it on the nights that could not be
But, my heart blames it on me"

[masurenguy] 20/1/2022 07:24

Encouraging update - with the end of Plan B restrictions next week this should recover in 2022.

[puzzler2] 20/1/2022 07:15

Happy with that update this morning. With Covid in the rear view mirror, RBG should do well in 2022. Holding.

[glavey] 20/1/2022 06:23

So people can prepare themselves...

[useless23] 19/1/2022 13:35

Why have rbg given notice of a trading update? Unusual.

[ken chung] 19/1/2022 12:28

19 January 2022J D WETHERSPOON PLCTRADING UPDATEJ D Wetherspoon plc ('Wetherspoon' or 'the Company') announces an update on current trading, before entering its close period for its interim results, for the six months ending 23 January 2022, which are expected to be announced on 18 March 2022.Current tradingIn the financial year to date (25 weeks to 16 January 2022), like-for-like sales decreased by 11.7% and total sales by 13.3%, compared to the similar period in financial year 2020.Sales in the second quarter were affected by the "Plan B" restrictions announced by the government in December. In the 12 weeks to 16 January 2022, like-for-like sales decreased by 15.6% and total sales by 16.6%.

[idriveajag] 18/1/2022 08:23

Hospitality restrictions to end on the 26th January. Just eight days away. Time for RBG to rocket.

[qs99] 17/1/2022 14:49

Nice moves....roll on 30p! DYOR

[idriveajag] 17/1/2022 08:13

Should be a strong bounce back for RBG.