Revolution Bars Share Discussion Threads

[thebd11] 08/4/2024 17:18

sky news reporting bailout done. Bets on levels?

[seangwhite] 04/4/2024 08:36

Loading up with debt was a masterstroke by Edelman &Co, pity it now looks like it has crippled RBG.

[ny boy] 04/4/2024 02:29

Another one bites the dust, it's been obvious for a long time, plenty more to follow down the trap door.

[seangwhite] 03/4/2024 09:13

A sad end for all those who thought that the Edelman & co scheme of loading RBG up debt would work out

[blueball] 03/4/2024 07:56

Game over.

[blackhorse23] 02/4/2024 07:51

Trading suspended & looking for fundraising!!! BAD TIME for rbg. Glad I sold out at right time & bought APH

[seangwhite] 28/3/2024 17:00

Edelman I fear might want to load up a bit more debt

[blackhorse23] 28/3/2024 12:03

Require placing & fund raising

[powereddrones] 28/3/2024 11:28

I don't think management could do any different. Most drinking establishments are struggling. Sometimes it is easier to go with the flow than to swim against it.

hxxps://www.msn.com/en-ae/news/other/electricity-bills-soaring-by-1000-locking-away-thermostats-to-save-cash-and-1400-a-month-on-sky-pub-landlords-working-up-to-18-hour-days-tell-how-soaring-costs-have-left-business-on-the-brink-as-more-venues-start-closing-at-8pm/ar-BB1kDw3P

[ken chung] 27/3/2024 08:18

A very high quality short.Lemmings and mushrooms only.

[seangwhite] 27/3/2024 06:47

The CEO and his mate Keith Edelman have done a sterling job of destroying shareholders. Who with any sense would let them have more funding to waste.

[tomboyb] 26/3/2024 22:51

“These include a restructuring plan for certain parts of the group, a sale of all or part of the group and any other avenue to maximise returns for stakeholders.”

Stakeholders not shareholders -

With a massive balance sheet deficit the equity looks zero -

Unless they miraculously raise the £10million needed -

[omron] 26/3/2024 22:43

According to SimplyWallSt in July 2023 his salary was 368k gbp and total compensation was 610k gbp.

[maccamcd] 26/3/2024 19:50

What's the facts on the ceo remuneration pls?

[bspgamer] 26/3/2024 15:59

Eldose Babu and Mark Ward have been absolutely fuxked over by the board

[bspgamer] 26/3/2024 15:57

This is going to administration, or they will take it private with a partner and the shareholders get shafted again

[tomboyb] 26/3/2024 15:48

In this market this will be lucky to survive -

Balance sheet looks like a train wreak -

[omron] 26/3/2024 13:39

CEO compensation of £610k for a loss making business with a market cap of £3m has to change. Both CEO and Chairman need to go.

[ny boy] 26/3/2024 13:21

Classic case of very poor management and there are rarely any investigations. It’s a comfy place to hide if you are a repeat offender.

This has never been an investment imo Not unless you expect to lose all your money and the frightening thing is there are lots of similar companies around that are still trading!🚨
29318;🏻̴5;♀️

[omron] 26/3/2024 12:05

Raising £10m to continue with this management team seems unlikely - they are unbackable. Options seem to be either a trade buyer bids for the viable parts of the business - which hopefully exceeds the value of the debt or it goes into administration and becomes a free for all.

[tabhair] 26/3/2024 11:05

Rob Pitcher is some bandit. He was already bailed out with an emergency capital raise a few years back. Now he's back begging for more money after vaporizing shareholders cash on an acquisition that anyone with a brain said was terrible.

If you or I did our jobs this badly, we'd resign on the spot. Pitcher inexplicably still remains in charge.

[elsa7878] 26/3/2024 09:23

Unbelievable. Completely incompetent and wildly overpaid management drive the company over the edge and then go cap in hand for a rescue. I told the FD 2 years ago that their actions would jeopardise the balance sheet and that was before the absurd pub chain purchase. Et voila….

[manual dexterity] 26/3/2024 09:19

Just looked at the balance sheet.

(45,372)is the Net Liabilities for the group. Not sure what the equity will be worth, possibly a zero here unless an offer is made for the company.

Best of luck to all.