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.
Most recently writing on what was formerly Revolution Bars Group and is now The Revel Collective (TRC), earlier this month I noted the shares having slumped to 0.825p and questioned whether it really is ‘a fresh start, growing the business and delivering positive value for all stakeholders’ rather than delivering the losses which to this point the prior stated ‘vision and strategy to delight its guests’ has to shareholders. Now results for its year ended 29th June 2024 emphasising “following the successful completion of the restructuring plan and fundraise, with gross receipts of £12.5 million received in September 2024, the group is well positioned for future growth”. But is it?…
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