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?…
UK operator of 67 bars, Revolution Bars Group (RBG) has announced results for its year ended 3rd July 2021 and that it, “continuing from the positive like-for-like growth before the pandemic… are excited to have seen LFL growth in FY22 since 19 July, when restrictions fully relaxed in England, at 14% versus the comparable period of FY20, the last normal period of trade”. So why are the shares currently more than 6% lower at around 25p?…
Revolution Bars Group (RBG) has made a trading update including that since 19th July England covid restrictions removal to 2nd October “same site sales growth of 17% when compared to the same period 2 years ago, when the business traded normally pre Covid” and “costs have continued to be well controlled resulting in good profit generation from these sales”, with the shares currently up by more than 12% to above 25p in response.
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…
Previously writing on Revolution Bars Group (RBG) in December with the shares back up above 22p I questioned what state the balance sheet would be in by the ‘path towards a gradual recovery’. Today an update from the company…
Revolution Bars Group (RBG) has announced full-year results and, in line with the heroic Tim Martin of J D Wetherspoon, hit out at “nothing short of scandalous” government actions…
Revolution Bars Group (RBG) has updated the markets with news including that a “CVA successfully approved” – and the shares have responded to 17.2p, a £21.5 million market cap, 7.5% higher…
Revolution Bars (RBG) has announced that a subsidiary which operates 50 ‘Revolution’-branded bars (“the group’s Revolucion de Cuba branded bars and four Revolution branded bars operated by other entities in the group are unaffected”) has launched a CVA. Has blundering Boris struck again?…
Revolution Bars (RBG) has updated investors on its progress having commenced the reopening of its bars on 6th July…
I start with two pieces of good news. 96 more strawberry plants are on the way but I have now planted 81 in the patch I have created. The target is to get the last of batch 1 planted tonight. I promise a photo over the weekend of that and other horticultural endeavours. Secondly we have now raised 61% of the £48,000 we need to ensure the survival of Woodlarks. Tomorrow my daughter and I do 25-30 1,185 metre laps of the fields here. Think of the pain and please donate NOW HERE. I then discuss the odd but good US jobs data and whether it will replicate here, Revolution Bars (RBG) and Bidstack (BIDS).
The fund raise is at 20p and there is a very real case for having a go. But there are risks: the truth is that no-one has a scooby as to how this company’s 57 bars and clubs will trade post lockdown.
Previously writing on Revolution Bars (RBG) I was cautious as it argued “another step closer to being well-positioned to emerge from this crisis”. It now updates arguing “decisive action will enable us to emerge from this crisis in a financially stable position”...
A “COVID-19 and Banking Facilities update” from Revolution Bars (RBG), including “the board is pleased to announce that, subject to final documentation, Natwest has agreed to increase the facility to £30.0m” – and the shares currently at 19.5p, more than 26% higher…
Previously writing on Revolution and Revolución de Cuba bars operator Revolution Bars Group (RBG), in October I concluded including will the still clear challenges allow the expected reduction in debt levels though?... currently continue to avoid. Today from the company a “COVID-19 Update” – and the shares currently a further more than 20% lower on the back of it, below 20p…
Revolution and Revolución de Cuba bars group Revolution Bars (RBG) has announced results for its year ended 29th June 2019 and “over the last three months our like-for-like sales have consistently outperformed the 'Bars & High Street Bars' cohort in the CGA industry sales tracker for the first time in over eighteen months as we start to recover market share”. No longer short of expectations in every conceivable weather environment?...
I suggest listening to my Neil Woodford scandal bonus bearcast first HERE but I have another bone to pick with Susan Searle, the chairman of Woodford Patient Capital Trust (WPCT) on how she has screwed investirs today. Then I look nat Red Emperor (RMP), 88 Energy (88E), Pantheon Resources (PANR) and at Cabot Energy (CAB). Finally a look at the latest woes at Revolution Bars (RBG) - you really would have thought that Britain's thirstiest share blogger would have nailed this as his specialist subject but it appears not. If you enjoyed this podcast please support the EIGHT rogue bloggers for Woodlarks with a small donation HERE
Revolution Bars (RBG) has announced results for its half-year ended 29th December 2018, including revenue up over 6% to £78.5 million and that one of its brands, “Revolution has been reviewed, the issues identified, and workstreams are being implemented to restore it to growth. Our confidence in achieving this is underpinned by the good performance of the new Revolution venues, while the recently refurbished sites are also seeing uplifts”. The shares have responded currently to 66p... approaching 17% down on the day…
In June, previously writing on Revolution Bars Group (RBG) I questioned short of expectations in every conceivable weather environment?. Now a Christmas and half-year to 29th December 2018 trading update…
Well so much for a slow housing market! It looks as if it is full steam ahead on a move to the Grim North! Away from that, in today's podcast I look at Revolution Bars (RBG), Photonstar Led (PSL), Debenhams (DEB), Flybe (FLYB), Gear4Music (G4M) and Goals Soccer Centres (GOAL). And I commend to you Gary's fine piece on Eqtec (EQT).
Previously writing just over a year ago on Revolution Bars (RBG) it was on it going from ‘platform to be confident about our prospects’ to profit warning in less than 3 months. Then heading towards 130p, the shares jumped a couple of months later on a 200p per share possible offer approach. However, an offer was voted down by shareholders and the shares have subsequently fallen back towards 150p before a Trading Update today…
The reference to scumbags John Belliss and Gavin Burnell is explained in full in this podcast which covers CyanConnode (CYAN), Audioboom (BOOM), Magnolia Petroleum (MAGP), Revolution Bars (RBG), Peter Schiff and the economy, AIQ (AIQ), Tern (TERN) and Haydale (HAYD). Both Brokerman Dan and I are now training with blisters. This weekend I move up to a 14 mile walk ahead of our 32 mile July 28 stroll for Woodarks. Thanks to all who have sponsored us. swe have now raised more than £8,000 with gift aid and are at 34% of our target. To those 90% of you listening who have not pledged, surely you can spare a tenner. You can donate £10 HERE.
Britain's top share blogger posted a few comments here late last night. Did I say Chaka KIhan and Cheese! But one in particular merits a wider audience. Paul respinded to my comments on Fairpoint (FRP) and Revolution Bars (RBG) HERE. Paul notes:
First up I must congratulate Paul Scott for sticking with and, I think averaging down, on Revolution Bars (RBG) which earlier this week received a tentative 200p share offer. Paul was right and I was wrong. It happens. I guess my, almost teetotal existence and his extensive field work gave him the edge. Only kidding - it was a great call by Paul and one orf the reasons why he is such a great share blogger. I am sure his session with Nigel Wray at UK Investor 2018 (as well as his live bearcast with me) will justify attendance on its own. But just as a reminder we do not get it all right, here is a classic Scott twitter outburst, regarding Fairpoint (FRP) which said that it would be calling in administrators today.
A “Trading Update” announcement from Revolution Bars (RBG). With the shares having been falling from above 210p earlier this week, what the chances that it is positive news?...
Hello Share Twangers. Though not a revolutionary sort of person, I do rather like an intriguing name when it comes to stumping up for shares. Revolution Bars (RBG) has a romantic ring to it, don’t you think?
Hello Share Turners. Today’s selection for a company worth looking at is not one that will be getting much custom from me. I’m far too old to be grooving into the night.
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