Previously writing on Revolution Bars Group (RBG), in March with the shares at 29p I was cautious with assumptions on government restrictions having proven dangerous and also the debt and prior challenges. Now the self-styled “leading UK operator of 66 premium bars, trading under the Revolution and Revolución de Cuba brands, is pleased to announce the results of its Bookbuild launched yesterday”. Hmmm…
Footasylum (FOOT) is “pleased to report a strong performance for the financial year, our first as a quoted company following our successful IPO last November… The board was delighted with the support we received for the IPO”. I doubt shareholders are pleased or delighted though – shares in this 164p per share IPO, currently trading well below 100p following a dramatic slump on the “pleased to report” results!...
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