Revolution Bars Share Discussion Threads

[geheimnis2] 23/8/2017 21:50

There ya go folks - 203p

hxxp://news.sky.com/story/amp/slug-and-lettuce-owner-stonegate-toasts-100m-revolution-11002405

Pretty good!

[geheimnis2] 21/8/2017 19:29

I preferred Phil's Human League stuff

[turbocharge] 21/8/2017 19:22

Phil Oakley's analyses suggests if Stonegate buys RB for £100m (@ £2), a 10% profit margin on Revolution’s bars would give it a trading profits of around £13m (13% ROI). Might there be accusations of RB being sold off too cheaply? Buying RB at £130m (@ £2.50) still gives Stonegate a 10% pre-tax ROI.

[crumppot] 21/8/2017 16:53

I think you are spot on. Perhaps that is why the gap is closing is closing between the market price and Stonegate's offer.

[tinker49] 21/8/2017 15:04

I am not sure who would make a better offer. MAB operate a lot of brands but are busy sorting them out and have enough issues of their own. Whilst selling at 200p might not seem palatable as they floated at 200p the reality is that the environment for on trade businesses is different now than it was then. Food and drink inflation combined with other cost pressures are causing average operators issues and good operators problems. The institutions might welcome the opportunity to get out at 200p rather than have 3 or 4 years getting back to that price. Maybe the best we can hope for is the board negotiate for a little extra.

[crumppot] 21/8/2017 14:26

So who else other than Stonegate might make an offer?

I am holding on for the ride!

[tinker49] 21/8/2017 13:01

Walkabout was bought by Stonegate earlier this year (the CFO of Walkabout BTW is now CFO of RBG) and Oceana is part of Deltic which is the private business that suggested the merger.

[jm2009jm] 21/8/2017 12:28

apparently Walkabout and Oceana Pub chain has talked to RBG also, according to poster over on LSE

[barnetpeter] 21/8/2017 12:23

In some ways I hope the deal falls through. In many ways, this makes no sense to shareholders...which is why I was interested in the deltic deal. Getting 200p just the float price back in a bull mkt is only ok for those who bought recently. Like me.

So how about...the offer is rejected, the price slumps to 130p, we all pile in and another bid at 220p is announced a week later?

Got holidays to pay for you know?

[kmann] 21/8/2017 12:13

Whatever happens now, we know this is quailty. I think its a done now. happy to hold for 200p, Will add on any drift back, or slump if no deal.

[turbocharge] 21/8/2017 11:32

15 August 2017
Response to announcement by Deltic Group plc

The Board of Revolution Bars Group plc ("Revolution" or the "Company") notes the announcement made this morning by Deltic Group plc ("Deltic"). The Board confirms that it received a possible proposal from Deltic and thereafter met with Deltic. Based on these preliminary interactions, the Board had concerns over both the value and deliverability of the combination and did not see any merit in progressing their proposal as the Board believes that a combination of Revolution and Deltic is not in the best interest of shareholders at this time. The Company continues to engage with Stonegate Pub Company Limited in connection with the possible offer, as announced on 31 July 2017.

In accordance with Rule 2.6(a) of the Code, Deltic will be required by no later than 5.00 p.m. (London time) on 12 September 2017, being 28 days after today's date (or such later time and / or date as may be agreed by the Panel on Takeovers and Mergers (the "Panel") in accordance with Rule 2.6(c) of the Code), to announce either a firm intention to make an offer for Revolution in accordance with Rule 2.7 of the Code, or that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 applies.

In accordance with Rule 2.9 of the Code, Revolution confirms that, as at the date of this announcement, it has 50,000,000 ordinary shares of 0.1 pence each in issue and admitted to trading on the London Stock Exchange. Revolution currently holds no ordinary shares in treasury. Revolution's International Securities Identification Number ("ISIN") is GB00BVDPPV41.

[value hound] 20/8/2017 10:05

Personally, I think 200p is very probable now - and will go through. The real question is whether we'll get a counter-bid, but that's looking decreasingly likely.

On balance, though, it's surely wiser to wait and see?

[greenknight1] 20/8/2017 09:37

We will hear next week. Cut off is 28th and that's a band holiday

[barnetpeter] 19/8/2017 17:26

Sold half at 1.90 on Friday. The risk of a few pence versus the deal not going through meant it was time to cash in some. Had hoped for a higher offer but only a short weeek next week. No complaints though

[qs99] 19/8/2017 07:31

Wonder if next week will finally bring a competing offer into the fray? Let's hope so, have hung on for exactly that and board to do their job and negotiate a higher price GLA

[sailing john] 17/8/2017 08:53

Barnetpeter - Re merger you need to look at Deltic's balance sheet and compare to RBG!
Agree valuation should be North of 200p given the property assets sitting on the balance sheet and niche brand they have built

[barnetpeter] 17/8/2017 08:38

200 p is rubbish even though I am a happy holder from much lower. That's the price they floated at so all those new openings and cash raised are for nought? Got to be someone willing to pay 300p here I think for an agreed deal. Didn't mind a merger myself...don't know why it was dismissed as not in the best interests of shareholders. More like management want a big payout

[qs99] 17/8/2017 07:10

Surprised no RNS given spike last night! Let's see how today fares

[gorse] 16/8/2017 16:50

I'll have two pints of HeadiBrew at 240p!

[rimmy2000] 16/8/2017 16:04

something brewing here....

[greenknight1] 16/8/2017 12:22

I still see a bid around 240p materialising

[gorse] 16/8/2017 11:56

187p - the gap to 200p is closing ....

[mount teide] 15/8/2017 09:43

No i don't - something a little more modest by comparison!

We talk occasionally, as we have a mutual interest as owners of a wolf in sheep's clothing - namely, BMW M5's.

[kazoom] 15/8/2017 09:43

Hopefully the Board will see fit to tell us why they rebuffed Deltic.


Otherwise I'm left wondering whether it comes down to which party has offered a job to the CEO going forwards.