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Revolution Bars Group – it’s going concern rather than any potential “windfall gains” which should be the current focus!…

By Steve Moore | Thursday 2 November 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Last month writing on group describing itself as “a leading UK operator of 67 premium bars and 22 gastro pubs, trading predominantly under the Revolution, Revolución de Cuba and Peach Pubs brands” Revolution Bars (RBG), I noted the shares further down below 3.65p on the back of a full-year swing to an even adjusted £2 million loss and a balance sheet showing current assets down to £18.2 million against current liabilities up to £39.7 million and then a further £25 million of “non-current” borrowings. What of subsequent news flow from the group and the shares currently further down today to 2.65p?

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