Revolution Bars Share Discussion Threads

[nobilis] 17/11/2020 08:12

Level 3 strong

suggesting 28p target

[abarclay] 17/11/2020 07:22

Interesting there was multiple bidders
Stonegate bid sparks Revolution bidding war
Claire Dodd
CLAIRE DODD

25 AUGUST 2017


A bidding war has begun for the purchase of the Revolution Bars Group after Stonegate’s ‘firm’ offer of £101.5 million was deemed 'significantly undervalue' by nightclub operator Deltic.

Deltic, which runs 57 UK venues across the UK, initially made an offer for the company back in mid-August, following news of Stonegate’s approach. However, the Revolution board released a statement on August 15, stating it had met with the club operator and 'had concerns over both the value and deliverability of the combination and did not see any merit in progressing their proposal'.

But following Stonegate Pub Company’s firm offer of 203p per share on August 24, Deltic issued another statement saying it was considering 'a possible cash offer' with the intention to 'combine the business of Deltic and Revolution thereby capturing the benefit of synergies for Revolution shareholders'.

Peter Marks, Deltic chief executive, said: 'We are working hard on a more attractive alternative proposal having delivered a market leading performance in our last year as our results today demonstrate.'

It has promised to make further announcements in due course.

Meanwhile, the bidding war has caused shares in Revolution to climb 11% on August 24, to 206p, a figure above Stonegate’s offer price.

[glavey] 17/11/2020 06:37

A) RBG refused to engage
B) Those parties are now under pressure themselves

[bartolozzif] 16/11/2020 21:20

Had two buyouts in the last six years. Will be another shortly guess 60p on the chart trendline

[glavey] 16/11/2020 17:25

"18 yo kids be drunk silly in RBG when lockdown ends"

Not at their prices!

It wasn't a great business or investment before the virus...

[bartolozzif] 16/11/2020 16:18

4 December could go giddy nuts to 30p

[bartolozzif] 16/11/2020 16:17

18 yo kids be drunk silly in RBG when lockdown ends

[bartolozzif] 16/11/2020 16:03

LOoks like may see bid

[arthur_lame_stocks] 16/11/2020 15:56

Doubt it somehow

[nobilis] 16/11/2020 15:55

Bid at 50p perhaps coming

[fillipe] 16/11/2020 11:34

Lowest ask showing continues to firm - now 20.50p.
f.

[slinkyj] 16/11/2020 11:05

I'm out, got a decent return on this. Gla

[fillipe] 16/11/2020 09:44

Good interest in RBG .... right from the off today.

Lowest ASK showing is now 19p and that being paid.
Should clear the 20p hurdle sooner than later.

f

[spot1034] 11/11/2020 11:04

I think the price action we have seen this week simply reflects the realisation that the company now has a much better chance of surviving.

[swanvesta] 11/11/2020 10:39

The deadline for RBG is not when every customer has had the vaccine but when they can get back to business. When enough of the vulnerable have been vaccinated, the hospitals will empty and it will be less important to suppress infection in the young.

[muffinhead] 11/11/2020 09:48

Vaccine provides a route to recovery for general economy. The economy won't be coming back fast in 2021 and for many companies it is too late.

All Pfizer doses preordered by government few months ago will be used up on over 50's so won't help RBG. Roll out starts December and requires a second injection a month later. Efficacy is reported about 90%. So may be march/april 2021 before over 50's have finished.

Oxford vaccine clinical trials not finished but government hopes it works and is safe, We don't don't know efficacy yet but government will accept a 50% rate. 100 million vaccine doses have been preordered for use on the under 50 age groups.

RBG survival will depend on monthly cash burn. Can the company survive potential insolvency without another share dilution?

[abarclay] 10/11/2020 07:10

Pfizer Covid vaccine distribution will begin within 24 hours of approval

[abarclay] 09/11/2020 18:20

This massive slag is worth 100p +

[jltaylor1001] 09/11/2020 15:25

30p during first lockdown must be a great punt under 15p

[formula1187] 09/11/2020 13:41

rbg resume services bring on vaccines out !!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[dennisbergkamp] 09/11/2020 13:26

Still awaiting work clearance...

FFS

D

[ryanc106] 09/11/2020 13:13

Bought back in this morning on the vaccione news at 11p

[dennisbergkamp] 02/11/2020 16:34

Boy n Gals,

I've dumped and taken the hit

I will be watching out for something positive to get back in as it still feels like it'll make it through

D