Revolution Bars (#RBG) – notes “challenging trading conditions for our late-night bars”, net bank debt £20.8m

Revolution Bars (#RBG) – H1 swing to small pre-tax loss, reckons “increased guest confidence in the coming months”

Revolution Bars – notes Christmas period sales increase... but how creditable is it?

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”.

Revolution Bars (#RBG) – 5 weeks to 31st December LFL sales +17.3%, though -9% versus 2019

Revolution Bars – argues “exciting and transformative” acquisition, is it?

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.

Revolution Bars – “pleased to announce” update, but how’s the net cash generation?

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?

Revolution Bars – “trading and property update”, is it still encouraged?

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?...

Revolution Bars (#RBG) – confident of FY slightly ahead of expectations, argues “exciting pipeline”

Revolution Bars (#RBG) – H1 return to profit, LFL sales versus FY20 +6% in February

Revolution Bars – trading update, it right to be “encouraged”?

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?...

Revolution Bars (#RBG) – H1 2-year LFL sales +1.4%, after -23% in last 6 weeks following “confusing government messaging”

Revolution Bars – full-year results, Christmas activity to continue to be slower than normally expected?

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 – emphasises “strong trading”, but what’s sustainable?

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.

Revolution Bars (#RBG) – emphasises Q1 growth ahead of its expectations

Revolution Bars (#RBG) – trading since 17th May has improved to 86% against same period in 2019

Revolution Bars (#RBG) – open offer excess applications scaled back

Revolution Bars – argued “successful fundraising” shows contempt for private investors

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...

Revolution Bars (#RBG) – £21m equity raise at 20p per share

Revolution Bars (#RBG) – re-opened venues 48% of sales of corresponding 2019 period in 4 weeks to 9th May

Revolution Bars – how much brighter is “the light at the end of the tunnel”?...

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...