Revolution Bars Share Discussion Threads

[bspgamer] 04/8/2023 07:43

City and town centres are full of scroats and chavs that won't be paying £6-7 a pint. Neither will students, this is doomed

[seangwhite] 27/7/2023 07:34

It is hard to see a bright future for this company given its debt level and the economic outlook for its main customer base.

[shares9876] 26/7/2023 11:47

Another awful update today, which they have tried to colour by saying Xmas 2023 trading up X%! The actual £ number is likely insignificant and therefore an increase isn’t material.

[seangwhite] 12/7/2023 08:53

Debt levels will cause problems at RBG and it is looking like 'Last Chance Saloon' would be an appropriate nickname for the company.

[farrugia] 24/5/2023 10:11

get lost blackhorse.

[blackhorse23] 15/5/2023 20:27

I am still believe RBG needs funding to get through this hard time

[blackhorse23] 15/5/2023 20:25

I sold here @ 16 & bought HARL for 8 now 16

[elsa7878] 22/4/2023 19:30

The management are idiots. I warned them when the share price was 16p that expansion in the face of what was coming was folly and was merely for their own vanity and pockets (larger company = larger salary). So it has proved. Not interested in their shareholders. AVOID at all costs.

[seangwhite] 22/4/2023 12:59

It looks like K E has loaded enough debt on poor RBG to sink the good ship.

[valuetracker] 19/4/2023 13:08

I feel for you Gypsy! Have you identified what caused your current predicament?

[gypsyfortuneteller] 19/4/2023 13:03

Going bust.

[shandypants2] 09/3/2023 10:44

As of H1 the balance sheet has £156m assets and £179m liabilities so not sure where you get £130m debt from. They have an overdraft £23m and lease liabilities of c£118m. They lease the bars so this liability will always be high. Not saying the results are great, but they would have made a profit if not for the (excessive?) £1.5m charge for buying Peach Pubs. In terms of current trading (Jan to Feb) many bars were shut Monday and Tuesday so revenue was always going to drop, it's the bottom line that is key. Peach pubs seems to be trading well so that's a small positive.

[bspgamer] 08/3/2023 22:33

Wow talk about a really negative statement from the CEO. I think they have used everything other than a alien invasion stopping trade. They are going to have the begging bowl out again, they won't be raising at 20p next time round that's for sure. Poor old Mark Ward has the farm on this, he must have a average of 20p plus

[seangwhite] 08/3/2023 19:06

Current valuation of RBG is £15+m with debt of £130m and £0.1m loss for last year. The valuation at current share price means any equity raise above 4p will be hard work for poor old K E and Co.

[lucicavi] 07/3/2023 15:28

needs placing at 1p

[seangwhite] 07/3/2023 15:27

KE is very good at putting debt in place at companies he is taking fees from as a non exec. Done it a few times before the poor shareholders cop themselves on.

[aishah] 07/3/2023 10:35

Agreed. Huge net debt too. I've exited

[master rsi] 07/3/2023 08:45

A bit under expectations and Management finding many excuses for the underperforming in this 1st Half. ....


" The Group faced continuous and varied external headwinds impacting profitability during FY23 H1 including transport strikes, downturn in consumer confidence as a result of the cost-of-living crisis, record hot weather, as well as cost inflation. "

[boonkoh] 07/3/2023 08:38

Wow, still negative lfl in H2 to date... -6.8%. If you take inflation and the fact that th yve put through price rises, then actual volume sold / footfall to their bars must have dropped like a stone.Remember: physical businesses have negative operational gearing. With high fixed costs (rents, utilities, personnel) profitability vanish very quickly when real sales are in decline.

[seangwhite] 07/3/2023 07:21

Only another 11p odd to get back to the last equity raise at 20p. Seems a steep hill to ascend to get back to that share price level.

[waspfactory] 07/3/2023 07:12

Interim results in a nutshell, sales up, profit down (small loss), lots of references to headwinds and macro economics. Sub text is we're over the worst and looking forward, we should see a return to profit.
FY23 H2 Group LFL(2) sales have been (6.8)% to date, an
improvement of +2.6%pts on the first half of the year.
All brands are trading in line with Board expectations,
with Peach continuing its strong LFL(2) performance. The
Board remains confident of achieved APM(3) adjusted(1)
EBITDA in line with market expectations for FY23.