Revolution Bars (#RBG) – H1 swing to small pre-tax loss, reckons “increased guest confidence in the coming months”
- 2023-03-07 07:42:17
Previously writing on Revolution Bars Group (RBG), in October with the shares falling below 11p I concluded that I could understand why – with it’s admitted challenging trading environment and I questioning an argued “exciting and transformative” acquisition. The shares last closed at 7.4p and today an “H1 Trading Update”.
Previously writing on bars operator Revolution Bars Group (RBG), in August with the shares up to 15p I noted “pleased to announce” update, but how’s the net cash generation?. Now results for its year ended 2nd July 2022 and an acquisition.
Operator of 69 bars across the UK, trading mainly under the Revolution and Revolución de Cuba brands, Revolution Bars Group (RBG) states that it “is pleased to announce a trading and property related investment update for the year ended 2 July 2022”. With the shares having currently responded up a few percent to 15p, how ‘pleasing’ is the update?
Operator of 67 bars trading mainly under the Revolution and Revolucion de Cuba brands, Revolution Bars Group (RBG) has made a “Trading and Property Update” announcement – and what of the shares currently more than 7% higher in response, at 16.25p?...
Previously writing on UK operator of 67 bars, Revolution Bars Group (RBG), in November with the shares around 25p I reiterated caution with staffing and input cost pressures, a return to refurbishments and “Christmas bookings have been building more slowly than we would normally expect”. So what now from a trading update for the group’s half-year ended 1st January 2022?...