The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Too early.
IMO insolvency is probably 6 months a way, 9-12 months if they sell 20 soon.
I think they'll sell lock stock and barrel, maybe even get better than current market value...it's peanuts now if you factor in goodwill etc...
Aged like fine wine.
Aged like fine wine.
This looking more likely going to administration if unable to raise funds. Makes more sense for the acquirer to buy the brand for peanuts then pick and choose to operate only the profitable busy locations. Where as the remaining rental lease liabilities, redundancies and other liabilities can be defaulted in administration. Skating on thin ice this one. IMO, DYOR.
People are going to Wetherspoon these days. Cheap and packed. Shareholders turned down a bid of 100p. A few years now. Trying to get 10 million at a penny. Will wipe out current shareholders of course. Easter will be busy but all that work for nothing much.
Guess its down to the larger investors if they want to put a bit more money in, and the sale of 20 sites. at least it sounds like the board have a good direction for coming out the other side. gonna be rocky.
Revolution Bars Group PLC notes recent press speculation. Following a period of external challenges which have impacted the Company's business and trading performance, the Board is actively exploring all the strategic options available to it to improve the future prospects of the Group. These include a restructuring plan for certain parts of the Group, a sale of all or part of the Group and any other avenue to maximise returns for stakeholders. The Company also confirms it is currently engaged with key shareholders and other investors including Luke Johnson in respect of a fundraising.
The Company continues to trade in line with management's expectations.
The Company is not in talks with, nor in receipt of an approach from, any potential offeror relating to an acquisition of the issued and to be issued share capital of the Company.
REVOLUTION BARS is undergoing talks to sell off around a quarter of its venues, Sky News' Mark Kleinman first reported.
The London-listed hospitality group, which employs 2,500 people across the UK, has drawn up plans to axe roughly 20 of its underperforming bars.
The group has also reportedly approached investors in a cash call to raise £10m, which is more than its market capitalisation of less than £7m.
In January, Revolution said it would close eight bars as young people scale back on nights out amid cost pressures.
Investors close to the matter have said that without selling off more bars, the group would face insolvency as the only alternative.
Shares in Revolution Bars have cratered 57 per cent over the last year.
The news comes as yet another blow for the struggling hospitality industry.
At the start of the year Rekom UK, the country's biggest nightclub owner, called in the administrators. While just last weekend, Whitbread announced plans to sell about a third of its underperforming restaurants and pubs.
A Revolution Bars Group spokesman declined to comment to City A.M.
RE: PRESS SPECULATION
REVOLUTION BARS GROUP PLC
Released 07:00:14 26 March 2024
Strange not showing this morning’s Rns?
Revenue isnt the problem
many high volume sales hospitality locations are being closed up and down the country.
Why? No profit.
I foresee a decade of failure for smaller / medium sized companies in the hospitality sector with only the very biggest with economies of scale surviving, and even they are in really trouble, they are running out of options to save costs.
many businesses are now have to restructure reletively senior retail management roles into minimum wage positions. its desperate stuff, and the hospotaslity sector is running out of ways to cut costs.
My wife had a food and drinks voucher to use so she booked in Manchester for last Saturday. Revolucion de Cuba on Peters St, just off Deansgate.
She booked for 4pm, which was a strange time, but i was informed it was the only available slot left for that day.
I presumed they probably had limited tables designated for food.
How wrong was i. At 4pm the place was packed with a DJ getting the dancing going. A good mix, including a hen party .
Left a 6ish and the place was still rocking.
If this is a regular Friday/Saturday then they can easily cope with quieter midweek days.
RBG just need to focus on the lower performing bars and shut the worst performers and the good ones will take care of themselves.
A man has been jailed for 10 years and eight months for blinding a father-of-two in a "sickening" glass attack.
Matthew Syron, 32, lost his sight after Gareth Dean, 37, smashed a bottle into his face at Revolucion de Cuba on Call Lane in Leeds on 27 December.
Dean, of Elm Tree Close in Leeds, had admitted causing GBH with intent.
The victim, a former Leeds Rhinos rugby league player who now lives in Australia, has since regained some blurred vision in one eye.
His attacker has 10 previous convictions for 15 offences, including serious violence, Leeds Crown Court was told.
...another decent buy in the offing today...
Someone trying to pump this one again?
I wouldn’t be surprised to see a takeover offer. Stonegate offered just over £100 million which Revolution rejected. This was in 2017, before the pandemic, but still shows how undervalued this currently is at £6.5 million MCap. I think for the right offer Revolution would consider selling the Bars to focus on the Peach Pubs / food side of the business themselves. Slightest whiff of an interest and the SP flys imo.
Great time to do it for a takeover or avg down. just hope we're not all left high and dry becasue of it.
£24k buy went through way above the ask. 2.74 paid when ask was at 2.60. SP on the move again. Someone accumulating, I wouldn’t be surprised to see a TR1 in the coming days - Eldose Babu increasing his position in the company ?
As a holder since IPO have seen some considerable pain here - but still find the pubs generally busy whenever I go.
Thinking ahead to the summer - what are thoughts on the estate and showing the Euros - usually a money spinner for the pubs but not sure if Revolution really show it. Also guessing Peach (having never been to one) are unlikely to show it given higher end food offering?
Not sure whether to have one last throw of the dice here but think it is at that stage.
500 - Gap the stock
900 - Let the stock trade freely
Can only guess on the other codes
Could mean a continuation of the slide in the sp or indeed the opposite...
First of all, apologies as I’m failing to understand this.
No big sells and the price has plummeted the last few days. Big sell or big buy incoming? Can’t get my head around this. Thanks
Interesting MM trades this morning. Sells outweigh buys yet sp is up a tad (I know this does not the true picture but...). Somebody thinks this is a bit low I reckon...
Let's see...
I hate to say it but this is looking like it will be sold out of administraion, and starting to look like a McColls situation where the business raised case to enhance the business so it was more like to be purchased out of administration. in McColls case share holders money was used to rebrand into a higher revenue shop format and pay debt. the business got purchased of admin after the business used shareholder money to help make it happen. here debt has been used to buy Peach as a carrot to a failing estate which at this stage looks like it will fail and got scooped up for peanuts of of admin. if the Directors play their cards right them may even get to keep their jobs, but retail investors would very likely get wiped out in such a situation. hence the share price. time is ticking this the new minimum wage hits the P&L.
Maybe, maybe not...lets see what the budget brings (March 6th). It is general election year after all...
https://www.which.co.uk/news/article/spring-budget-2024-what-it-means-for-your-money-aRzMQ1q7C9uy
Huge cost increases comming so on the back of little to no profit.
Game over.