Revolution Beauty Group Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Revolution Beauty Group Plc LSE:REVB London Ordinary Share GB00BP7L1T61 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 19.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Misc Retail Stores, Nec 158.03 -17.71 - - 58.85
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 19.00 GBX

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Date Time Title Posts
27/5/202309:38Revolution Beauty1,014
21/4/202316:21Revolution Beauty+Charts544

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Posted at 26/5/2023 11:21 by three black crows
Opening price ?Any ideas
Posted at 26/5/2023 07:02 by hamhamham1
For Immediate Release

26 May 2023


("Revolution Beauty", the "Group" or the "Company")

Full year results 2022

Revolution Beauty Group plc (AIM: REVB), the multi-channel mass beauty innovator, today announces the publication of its audited full year results for the financial year ended 28 February 2022 ("FY22").

Revolution Beauty's full Annual Report and Accounts for FY22 has been published on the Company's website and can be accessed at the following address (Https:// This, together with the publication of the interim results within the next two weeks, are important steps towards the lifting of the suspension of its shares.

The Board encourages Shareholders to read the Annual Report in its entirety and has not summarised the key elements in this release given the complexity of the matters considered and the connected adjustments and disclosures. The Annual Report sets out several adjustments in respect of issues and errors identified, some of which have been corrected by restating previous financial periods and others which have been corrected in FY22.

The Company intends to publish its interim results for the period ended 31 August 2022 within the next two weeks. This announcement will also contain an update on the FY23 financial year, current trading during FY24 to date and provide an update on progress towards the lifting of the suspension of trading in the Group's shares.

The Board draws shareholders attention to the form of the Audit Report on the Group financial statements issued by BDO LLP, which contains several important qualifications, including a material uncertainty around going concern. This arises due to potential non-financial breaches of lender covenants arising from the Company's current suspension of shares, and the likely carry forward of certain qualifications into the FY23 Audit Report. The Group continues to enjoy the support of its banking partners and expects this to continue. The Board also draws shareholders attention to the form of the separate Audit Report on the company financial statements.

The interim results announcement will also contain details of a capital markets event at which Bob Holt and Elizabeth Lake will outline Revolution Beauty's strategy, growth ambitions and plan to deliver the full potential of the Company. The date for the capital markets event will be announced in due course.

Derek Zissman, Non-Executive Chairman of Revolution Beauty, said:

"The delay in the publication of our FY2022 results has clearly been frustrating for all involved. Following the completion of the Independent Investigation and the release of its findings, we continue to take action to ensure we have the right processes and governance in place across our business. We are making significant progress to resolve the issues that were raised.

Whilst these results are significantly below that forecast by the previous management team to the market, they nevertheless reflect a robust business with a strong brand, loyal following, and significant potential in terms of both sales and profitability. We now expect Revolution Beauty to return to normalised trading and to capitalise on its position as a business with outstanding products, talented colleagues, and a loyal customer base."

Bob Holt, CEO of Revolution Beauty, said:

"Integrity and honesty in every aspect of our business is paramount. This has been the focus of the new leadership team as we reset internal controls and processes to ensure that we are in a position to achieve consistent operational excellence at a global scale, and in line with the standards of a UK plc.

"Revolution Beauty is a much-loved brand with strong partner distribution networks, and I believe that we have the right strategy, people and customer offering to thrive in the long-term. The culture of the business continues to be based on providing affordable beauty around the world, and we are well positioned in the current environment, to continue to adapt and respond to changing consumer trends.

"I would like to thank all of our Revolution teams around the world for their significant commitment to our business as we work hard to deliver its full potential within the growing beauty market.

"We are focused on delivering sustainable growth for all our stakeholders, and the current financial year - FY24 - has started positively. We are confident as we look ahead."

Posted at 25/5/2023 07:21 by hamhamham1

("Revolution Beauty", the "Group" or the "Company")

Board Changes

Revolution Beauty Group plc (AIM: REVB), the multi-channel mass beauty innovator, is pleased to announce the appointment of Derek Zissman as Non-Executive Chairman, replacing Tom Allsworth. Tom Allsworth is resigning as a director of Revolution Beauty with immediate effect, prior to the publication of the Company's FY22 accounts, as previously referenced in the Company's announcement of 13 January 2023. The Company continues to expect to publish its FY22 accounts during May 2023.

Derek was appointed as Senior Non-Executive Director to the Company on its IPO in July 2021, and more recently led the investigation committee in relation to the independent investigation. Derek has led the structural and governance changes which followed the outcome of the independent investigation.

Derek Zissman, Non-Executive Chairman, commented:

"Whilst it's been a difficult number of months for the Group, I am confident that with the new management team and corporate governance structures in place, the mistakes of the past will not be repeated. I'd like to thank Tom Allsworth for his contribution and effort since he co-founded the Company in 2013."

Posted at 28/4/2023 19:55 by hamhamham1
RNS Number : 9420X
Revolution Beauty Group PLC
28 April 2023
For Immediate Release


("Revolution Beauty", the "Group" or the "Company")

Further update on timing of FY22 Results

Revolution Beauty Group plc (AIM: REVB), the multi-channel mass beauty innovator, announces a further update to its Audit for the year ending 28 February 2022.

Further to the announcement on 30 March 2023, work on the FY22 audit continues and is now in its final stages. The Company expects to conclude matters and publish the FY22 accounts during May 2023. The Group's unaudited interim financial statements for the 6-month period to 31 August 2022 are now expected be published shortly after the publication of the FY22 accounts.

The Company will continue to work with its Nominated Adviser towards lifting the suspension of trading in its shares as soon as possible following the publication of the interim financial statements, with a further update with respect to the lifting of the suspension being made at that time.

Posted at 28/4/2023 08:25 by hamhamham1
WarPaint share price has nearly doubled whilst this has been suspended.
Posted at 21/4/2023 11:23 by millennialinvestor
Posted at 20/4/2023 18:07 by shadowfall
REVB was suspended at 19p due to Accounting irregularities
Posted at 30/3/2023 07:05 by hamhamham1
Update on timing of FY22 Results and Group Financing

Revolution Beauty Group plc (AIM: REVB), the multi-channel mass beauty innovator today provides an update on the timetable for publishing its FY22 accounts, together with amendments to the Group's banking facilities.

Further to the announcement on 21 February 2023, BDO have updated the company with respect to the audit of the Group's FY22 accounts. Work on the audit remains ongoing and it is now expected that Revolution Beauty's audited FY22 accounts will be published by the end of April 2023.

The Company will continue to work with its Nominated Adviser towards lifting the suspension of trading in its shares as soon as possible following the release of its FY22 accounts. In addition, the Company continues to work towards the publication of its unaudited interim financial statements for the 6-month period to 31 August 2022, which it intends to issue at the same time.

Update on Group Financing

Separately, the Group is pleased to announce that it has secured an amended facility agreement with its banking partners. As part of the amended facility agreement, the overall size of the facility has been agreed at £32m, reduced from £40m, and is fully drawn. This reflects the Group's cash requirements, and gives the business sufficient liquidity as it continues delivering its strategy. Revised covenants have been agreed with its banking partners, and will be tested quarterly. As at 28 February, the Group's cash balance was £11m

Posted at 30/8/2022 07:15 by aimmafia
If you havent looked at #CGO then you really should, 200-300 percent upside very near termCurrent Share Price: 7.5pTarget Share Price: 30p in Q4 when 2nd offtake agreement lands and we are earning $10million a year from 1st offtake.Offtake 1: 10,000 tonnes per month of washed coking coalSale Price: $120 Per TonneRevenue: $14.4 MillionEBITDA: $9.6 MillionReserves: 1.6 Billion tonnes Met Coal / Thermal Coal ( company can run for centuries )Offtake 2: in discussionAlso CGO has its Initial Modular coke Battery due to be installed in Q4 which will create even more revenue and expecting another offtake agreement to land for this also! Production will be up to 40,000 tonnes per year of raw coke with huge margins creating the below figures but I am expecting coke prices to go up even further.Modular coke battery will produce once installedMargin: $300 per tonneEbitda 2022 with module coke battery- $19.5 millionPE of 5: $100m Market Cap aprxPE of 7: $140m Market Cap aprxIn 2023 a further large battery will be installed and adding a further $45million Ebitda per year creating rough market caps of:PE5 $285 million Market Cap 2023PE7 $399 million Market Cap 2023This is obviously excluding value of gold asset and also hugely increased coking coal and coke prices.
Posted at 23/8/2022 12:43 by hamhamham1
The thing is with the telegraphed suspension date, it also gives a defined cut off point for prospective buyers.
Would a prospective buyer purchase a couple of hours before suspension?
Surely a lot will join in then?
So some may go earlier?
And who is going to sell a share which is down up to 90% of their purchase price at that point?
Plus don't forget any shorts will defo be closing before the cut off, too risky for those sharks :)
So will be interesting watching the share price movement over the next week. GLA.

Of course, you could argue I'm just talking my book as I already bought, maybe, but who knows where the share price is heading???

Revolution Beauty share price data is direct from the London Stock Exchange
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