Revolution Bars Share Discussion Threads

[waspfactory] 08/10/2017 18:48

Always thought 203p was too cheap. Let's see what reaction we get from Stonegate, walk away or up the offer?

[geheimnis2] 08/10/2017 14:22

I think Stonegate need to come in again above 240p

[qs99] 08/10/2017 13:59

Interesting to read weekend's press. Hoping that Deltic will come in with cash and share offer....Artemis taking away their 15% acceptance is a big blow IMO to Stonegate, which may mean they come back and sharpen their pencil IMO....DYOR but market opening Monday will give us a view of whether city think this will get taken out at a much higher premium given weekend's press....DYOR

[aishah] 07/10/2017 21:28

Belfast Revolucion de Cuba has achieved the highest sales levels of all venues opened in the last two years and has averaged £80,000 per week over the first nine full weeks of trading.

Stonegate is trying to get this on the cheap. Must do better imo.

Artemis Investment Management LLP has informed Stonegate that it has withdrawn its non-binding letter of intent to vote in favour of the Scheme in respect of 7,387,121 Revolution Shares.
RNS Yesterday after hours

[aishah] 07/10/2017 21:22

Midas buy rates RBG

[fizzypop] 06/10/2017 16:26

MrContrarian‏ @MrContrarian

Revolution Bars: Deltic merger offer conditional on s'holder £22.3m loan being repaid, to reduce interest (8%)!
Get stuffed chancers
$RBG.L

[qs99] 06/10/2017 10:59

Interesting to read broker comments that "implied" value on Deltic bid is c.£2.86 assuming multiples of enlarged group etc....but states cash offer is still more certain, but if Deltic throw in a cash element IMO, then it starts making Stonegate offer look dead in the water IMO..DYOR as ever...

[qs99] 05/10/2017 10:31

Yup happy to hold. Deltic must know they have to put a decent slug of cash on table IMO, let's see...otherwise I would agree why not take cash offer? But instis should push stone gate for higher cash offer as well imo

[geheimnis2] 05/10/2017 10:16

agreed spot

[waspfactory] 05/10/2017 10:14

Spot on Spot

[spot1034] 05/10/2017 09:46

My guess is that most holders would much prefer to take cash now rather than hang on in the hope that they can get more in the longer term, however they don't think the present Stonegate offer is good enough. If there is no outright cash bid from Deltic, it'll be down to estimating what the share price might achieve over the medium term and comparing that with the cash on the table now. Stonegate wouldn't have to go anywhere near matching any projection, but it's just a case of whether they might have to increase their offer a little to get the deal done.

[aishah] 05/10/2017 09:13

We retain a premium market listing going forwards which I welcome. I see Peel Hunt have upgraded to ADD and upped their target to 240p. Might add more here.

[qs99] 05/10/2017 09:10

Don't see why they can't put mixture of cash and equity in a bid

[sailing john] 05/10/2017 08:44

I'm out several trades 209.5-208.25
Good luck everyone hope you see a higher cash offer
SJ

[sailing john] 05/10/2017 08:18

mmc - re headings you are correct. But they are missing in the version published via money.am - Not sure why!

[mmc71] 05/10/2017 07:56

I don't see any missing table headings in the RNS, but more importantly I think the Deltic merger proposal has more merit than the Stonegate offer.

[mrx001] 05/10/2017 07:46

Well with a repeated merger proposal, that would appear to confirm that they are unable to make a counter offer for RBG.

[sailing john] 05/10/2017 07:36

Not impressed with merger proposal.
And haven't even bothered to check it properly it appears - no headings in one table (Ranimul forecasts key highlights) doesn't give me confidence in Deltic management
Presumably rushed and no attention to detail it appears!
All imo dyor

[snowydays] 05/10/2017 07:21

Merger proposal but no bid yet.

[death by donut] 04/10/2017 15:19

5pm ,10/10/17 , as i understamd it.