Revolution Bars Share Discussion Threads

[dagsteeth] 23/9/2020 10:11

Dennis

Tell me what the monthly outgoings are

[dennisbergkamp] 23/9/2020 10:09

I'll average down, it'll survive - results were good, and yes, it'll have revenues reduced but not zero. Staff reductions unless government backed, yes, but still will get through it, IMO

D

[dagsteeth] 23/9/2020 10:08

John 09.When I go to my local Revs, daytime a few people come into eat but the food is motorway cafe standard. People go to the pub til 830 and only start drfiting into Revs then for the late night drinks and meeting people (1am licence Thursday, 2am Fri/Sat).

90%+ of their income is post 10pm

[john09] 23/9/2020 10:04

It will still receive income (up until 10pm!)

[dagsteeth] 23/9/2020 10:02

John09...if it was on ice, I would agree.. sadly being on ice does not mean not paying landords, staff, council, utilities and banks. They will be out of cash and the banks will do everything they can to get as much of their loans back immediately. Each week value further evaporates

[john09] 23/9/2020 09:57

The risk reward certainly more interesting now but this company is on ice till middle of next year . Dead money at 20p . Dead money at 10p too but better risk reward

[dagsteeth] 23/9/2020 09:52

This is toast sadly

Revenue back to zero for at least 6 months
Moratorium on lease payments about to end
Leasehold estate with uneconmic leases anyway (read the last RNS re how difficult landlords are being - why? Beacause some of those assets can flipped into city centre flats)
With step down in bank facilities and still £25m of debt
Haemoraghing cash
Furlough about to end.
Business rates moratorium to end

Whatever Rishi comes up with will be tinkering and small cap minnows dont have protected status. As such a heavily indebted (lease adjusted) zero revenue business hasnt a hope. They raided the equity piggy bank once, written off the new money, and with muppets left holding the shares it's over and out.

[jacksonyoung] 22/9/2020 15:54

expecting a Revolution-ary Marston's Carlsberg Bars Group

Mark my Ward ;)

[davenic] 22/9/2020 15:14

Sadly this could drop below 10p in next few days 6 months long time miss out on xmas and new year trade will have big impact with only table service i say thats worst than shutting at 10pm

[john09] 22/9/2020 13:23

10p is at risk. Suprised the selling hasn’t commenced

[dennisbergkamp] 22/9/2020 13:22

Max 6 months, could come back earlier if:
1) vaccine
2) therapeutics
3) Virus under control

Expect people to start drinking earlier

D

[john09] 22/9/2020 13:01

6 months closing at 10pm

Very serious for this company

[swanvesta] 20/9/2020 12:47

The current rise does not seem to be exponential. It's nothing like the first wave - graphs corrected for changes in testing regime show that quite clearly. But still, who knows what the game is really about? It no longer seems to be about deaths and hospital load, or if it is it's in name only.

[masurenguy] 20/9/2020 09:41

Pubs and restaurants face coronavirus wipeout

900,000 jobs at risk as second lockdown threatens fresh crisis. Pub and restaurant bosses warned this weekend that the industry was on the brink of crisis, with almost a million jobs at risk, as ministers impose tighter local restrictions and draw up plans for a new national lockdown lasting two weeks.

[boonkoh] 18/9/2020 14:12

They're going to burn through alot of that 17m if bars are shut again, and no furlough scheme to subsidise workers wages.

[cooperjam] 18/9/2020 13:36

market cap £17m whilst they raised £17m gross few mnoth back, means that anything they had prior to covid is valued at ZERO, not long before this taken over on the cheap

maybe 20p + a premium to sweeten the deal for the recent placeee

30p anyone?

[cooperjam] 18/9/2020 13:33

This remind me of Marstons and Carlsberg deal, maybe Mr Ward knows something

[hodhasharon] 17/9/2020 20:14

I’m warming to you John.

[john09] 17/9/2020 18:10

Like I said with this one. Do not rush in . Yes its crazy cheap and yes it may end up being the bargain of the century but it’s only going lower ftb...

[boonkoh] 17/9/2020 15:28

Northeast nigh curfew, closures from 10pm. No household mixing. Can't be good for RBG bars?And with rising cases across the country inevitable, due to testing infrastructure not coping... We might see the 10pm rule become more widespread, as well as the limit to household mixing.

[davenic] 09/9/2020 17:13

I think its a long hold winter going be very bumpy ride will get worst before better but hold few years will get rewards just dont expect quick buck short term in for bottom drawer myself

[waspfactory] 09/9/2020 15:40

Mark Ward has increased his stake to over 5%, clearly he thinks RBG has a good future.

[waspfactory] 09/9/2020 15:38

Cheer up, it might never happen :)