Revolution Bars Share Discussion Threads

[buttcoin] 31/7/2021 20:02

lot of back rent, £30m??? to pay

[glavey] 31/7/2021 16:17

Talking One's Book
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Stock Promotions
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Pump-and-Dump
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[john09] 31/7/2021 12:40

I think this is a great pure play late night bar and club stock with 66 venues. There probably isnt a better one. It’s clear SCSW is about to get behind it too and its a great unlocking stock.

The one downside for me is that the market cap is already up to £53m following capital raises. It’s also hard to trade in any volume

A spike to 30 - 40p looks likely / very easy

[paulypilot] 31/7/2021 11:30

Only one site, I know, but out of curiosity I walked past Revs in Bournemouth at 21:45 last night - absolutely heaving, with a queue outside to get in. Mind you, everywhere looked & sounded busy. Seems much busier than during the summer re-opening last year.

Also the data is now very encouraging. Ignore case numbers, as they don't matter now that most people have been vaccinated. Of people who have been double-vaccinated, there have only been about 220 deaths (per Sunday Times), probably many with serious health issues before covid (not disclosed in the article). Of that 220, only 4 deaths of double vaccinated were under 50, and almost certainly had other serious health problems.

The young have worked out they are not at risk, so want to party. Who can blame them?
Revs likely to have a bonanza between now & Xmas. Could even go net cash, given that most of the existing debt has been cleared with 2 very dilutive placings.

For shareholders, the trick is to massively increase position size when they're dirt cheap & everyone is negative, then let them go when the price shoots up on positive trading updates & sentiment. Also, if we stand our ground in the placings (could buy at same or cheaper level in the market afterwards), averaging down heavily, then all it needs is a (say) 50% subsequent rise, to recoup all previous losses and more.

This point is made well in The Art of Execution - don't be a rabbit, stuck in the headlights. Either sell up and walk away, or average down at the lows and get your money back. Obviously that only works with good, cash generative businesses like this one.

Going forwards, at the last placing, the CEO indicated the new funds would allow them to buy about 10 good new sites on great deals, refurbish the old sites that need it, and of course rather glossed over (!) it got the bank off the hook. Another factor is that the company now has plenty of liquidity if, heaven forbid, we get another resurgence of covid (worst case scenario is if it mutates to becoming resistant to the vaccines).

Rents reduced thanks to mainly consensual deals, plus the CVA dealt with stragglers where agreement couldn't be reached. So all the loss-making sites now gone. Hence this is a better & more profitable business after the pandemic, than it was previously. Less competition too, at least for a while.

There's loads of money going into this sector, so I wouldn't be surprised if someone bids for Revs.

We've got to remember the share count has greatly increased, from 50m pre-pandemic, to 230m now. Therefore it's pointless looking at previous highs on the chart, as those are now irrelevant.
My target range is 30-40p, as before. Worked out very well selling at that price previously, then buying back at 20-22p more recently.

I like the ideas management have for new concepts too. An all-day work/social space, which I think they're trialling in Swansea? Sounds similar to Coppa Club, being rolled out by Various Eateries (VARE), and well suited to RBG's large, under-utilised premises. Mgt also talked about a retro games theme, and something a bit like an indoor market, with hairdresser, nail salon, and things like that actually inside the bar during the day, then packing that away each night for the lucrative late night party evenings. All these ideas can be tried out for a relatively modest amount of capex, and if they work, roll them out. Good potential upside.

I think mgt are excellent hands-on operators. Not the best at handling corporate finance matters though. Going forwards it's clear the company needs a much stronger balance sheet, we should forget about divis for a while, I'd like to see it move into a strong net cash position, and keep that as a safety reserve in case of future pandemics.
Also maybe buy freeholds, through a SPV, and/or negotiate leases with clear roadmap for what happens in the event of another pandemic. Although landlords of best sites probably wouldn't agree to anything like that unfortunately.

[qs99] 31/7/2021 09:19

Cases are going down, 88% first dose, 70%+ both doses, herd immunity and 2% death rate at worst should mean we are through the worst of this and young and old are now out and doing stuff. Try booking a hotel or restaurant if you don’t believe me!

[nw99] 31/7/2021 08:48

A leading night club organiser has dropped requirements for customer to show a covid pass

[simmsc] 31/7/2021 00:52

In Dec 2019 (pre covid) this had a market cap of 35m (pre dilution). It now has as market cap of 51m (post dilution). Can anybody please explain to me why this is such an exciting reopening play?

[markth126] 30/7/2021 19:20

So was durham last night

[nw99] 30/7/2021 19:01

Late buying

[useless23] 30/7/2021 18:26

I walked past one of the bars in Manchester last night. It was hammered.

[glavey] 30/7/2021 05:04

"Can see 30p+ soon"

Pocket money Friday?



"Big move"

Nervous disposition?

[useless23] 29/7/2021 23:47

I will be buying more stock tomorrow. Why? The trading updates are true!

[gozzie2] 29/7/2021 17:56

Over BAR the SHOUTINGGoing to look rather FOOLISH as usual

[gozzie2] 29/7/2021 17:55

Cases going UPFACT

[gozzie2] 28/7/2021 17:50

People are not even testing themselves now as they have discarded the App, so they don't miss work and holidays.That will affect the figures .If they have mild symptoms,they won't now miss their holidays. Some Tories say its over bar the shouting Really ??

[gozzie2] 28/7/2021 17:46

Cases have gone up and will now continue to do so with more mixing .With the amount of unvaccinated this is far from Over .Maybe revolution will do ok because of the young ,but most pubs are empty .

[castlelse] 28/7/2021 17:04

Just bought in today here and Riverfort i like the look of both. Good luck to you all.

[puzzler2] 28/7/2021 09:04

Recovery now underway - I like the business model as when I've occasionally visited Revs in Reading, it's been heaving, with everyone spending. If the Covid infection rates stay low, then it won't be long before we get numbers back to where they were.

[john09] 28/7/2021 08:46

I m back in this morning

Bought this before it was too iliquid to trade in numbers but price is good rn for an unlocking stock !

[middlesboroughfc] 28/7/2021 08:26

Id love a 200p bid tho, 203p even

[middlesboroughfc] 28/7/2021 08:16

Can see 30p+ soon