Revolution Bars Share Discussion Threads

[ny boy] 25/1/2024 08:51

bspgamer..keep the compliments coming 😇

[the imperialist] 25/1/2024 06:23

Time for a name change Master?

Learning RSI?

RSI Student?

Sorry Everyone RSI?

[ken chung] 25/1/2024 05:48

Awful results again.Lemmings and mushrooms only.

[bspgamer] 24/1/2024 23:24

I like you NY boy

[the imperialist] 24/1/2024 13:43

Another Master RSI masterclass!

Amatuer chartists cause so much grief. A little knowledge is a dangerous thing.

[ny boy] 24/1/2024 13:39

Seekthetech, you hit the nail on the head, poor management, little ability to find solutions, when will the begging bowl come out again?

Not an investment hasn’t been for years, the share chart doesn’t lie. Avoid imo

[seekthetech] 24/1/2024 09:46

See below

Cost of living tick
Inflation tick
Minimum living wage tick
Rail strikes tick

Shame the Babuun didn’t heed the gypsy’s crystal ball. River & mercantile must be laughing their heads off

Edelman is a disgrace for how he has fleeced shareholders and £600k pa for Pitcher. Unreal.




GypsyFortuneTeller17 Oct '23 - 07:45 - 2892 of 3098
0 8 0
And for this reporting results season, the list of excuses from the pin the tail on the donkey staff night out are….

Hot weather
Cold weather
Sun
Rain
England football
England rugby
Xmas on the wrong day
Early Easter
Late Easter
Rail strikes
Wfh
Wrong demographic
Smoking ban
Licensing
Police
Councils
Inflation
Cost of living
Landlords
Interest rate
The brokers
Insurance
Our debt structure
Staff costs
Brexit
Staff shortages


Sadly the one item missing from the wheel of fortune is this one

TOTALLY DREADFUL BOARD AND MANAGEMENT STEALING THE LAST FEW REMAINING PENNIES FROM SHAREHOLDERS BEFORE GOING BUST

[blackhorse23] 24/1/2024 09:45

On the way bankrupt?? Switching to APH

[bspgamer] 24/1/2024 09:32

You have TR1 investors massively under water and this company won't get a raise. Down here. They either close most of the RBG and CUBA brand or go bust simple as that this year is not going to get any better. Everyone is skint

[babbler] 24/1/2024 09:15

Might want to tell that to CPG and JDW

[bspgamer] 24/1/2024 09:14

All their competitors are going bust have you not seen all the clubs and late bar closures. The only bits worth taking a maybe 10% of their bars and peach pubs!!!

[babbler] 24/1/2024 08:54

From what I've seen in my area landlords aren't budging on leases and the units close down and remain closed.

[pugugly] 24/1/2024 08:48

Why should anyone want to take on a load of expensive leases - Far better to let go bust and then possibly pick up some of the better sites and at the same time negotiate far better terms from the landlords.

[babbler] 24/1/2024 08:44

MCAP is quite low however below 3p. Might get an offer but risky one. Big holder night increase again.

[ny boy] 24/1/2024 08:05

Another trap door plunge, way too much debt, no caped expenditure this year. Sluggish growth, high overheads.

[bspgamer] 24/1/2024 07:37

That it until next Christmas for any good news for the rest of the year business will be flat. Seriously the CEO needs to go he's ran out of ideas. Sack the lot of them before this goes bust, peach pubs ain't going to save a dying brand and business FFS

[ny boy] 24/1/2024 07:30

Seriously..the net debt is nearly 2.5 times the total market cap! 🤦🏻‍♀️

As Sabrina Carpenter sang “Nonsense̶1;🎶🎵

[boll] 18/1/2024 00:26

A few things to note. People will still visit these bars and it is possible to make money but the bars have to be in the right locations which are cities with a large student population in city centres. The problem that Revolution has is that some of the bars in places like Beaconsfield and Putney don’t have these characteristics. This hasn’t been a problem historically but certainly is now. Nightcap is doing worse than Revolution and clearly Revolution will benefit as the competition goes out of business. The diversification into Peachey will balance the business up albeit with the increase in borrowings. Ideally the Revolution bars should be slimmed down so that the remaining rump of the business is profitable. Ideally as I have stated it would be helpful if we could see the results of the discontinued businesses to see what losses will be eliminated.

[seangwhite] 17/1/2024 20:40

https://www.bbc.com/news/business-67986689

[seangwhite] 17/1/2024 20:01

No surprise at today's drop in the S P with news out on how badly the UK nightlife industry is at present. The Keith Edelman model of piling debt on the RBG entity is the precursor of this destruction of shareholder value.If the BOD is really intent on saving RBG it would slim itself as a start of of severe cost cutting program.

[jeffian] 11/1/2024 10:23

Re #3080,
As an investor rather than a trader, my issue is as much with the Balance Sheet as the trading performance. The company has very few real assets, the vast majority being short leasehold premises and Fixtures & Fittings. As at July 2023, the leases had an acquisition cost of over £90m and the F&F £80m which had been depreciated/impaired down to £23.5m and £12m respectively. In claiming positive EBITDA, the company writes these back as 'non-cash' items but, believe me, those losses are real which, to pick up on boll's point, will be shown all too clearly when they start offloading bars. Leases are not assets, they are liabilities (a commitment to spend rent over a number of years). In good times you may be able to sell to another occupier at a premium but in bad times you may have to pay someone to take it off your hands or pay the landlord to accept a surrender of the lease. Similarly with F&F. You may fit out a smart bar for £500k and add that to your balance sheet as an 'asset', but if you leave it will all be ripped out and have no value at all. It may be that the valuers have made enough 'impairment' charges to avoid showing a loss on current Book Value (a trick we used to use on poor quality assets held for sale) but I assume that the disposals announced will throw up further losses and write-downs.