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https://twitter.com/surprised_trade/status/1284134016761892864
https://twitter.com/surprised_trade/status/1282923237941313536
Sales performance during the second half of the financial year ("FY"), which was impacted by COVID-19 as expected was stronger than the Board anticipated our own branded websites have delivered significant growth. Net cash position of £18.0m is a significant improvement'
https://twitter.com/surprised_trade/status/1282943125464514561
that is a good rns, mm's marked it down -7% !! bouncing straight back now and cash £18m grown through lockdown and own brands seen significant growth, it gets better from here as retail opens up
https://www.lse.co.uk/rns/BAR/trading-update-and-board-succession-wc7dehccy784p8y.html
Happy with that, we knew as every business does, an impact from covid, however, cash is higher own brands increasing and considering the shut down a pretty decent set of results, importantly it get better from here as retails opens up...
https://twitter.com/surprised_trade/status/1282923237941313536
'Sales performance during the second half of the financial year ("FY"), which was impacted by COVID-19 as expected was stronger than the Board anticipated our own branded websites have delivered significant growth. Net cash position of £18.0m is a significant improvement
https://twitter.com/surprised_trade/status/1273716146819170304
another where no ones looking at it currently, position, patience...figures speak for themselves and retail opens this week
It's a net-net stock, Online sales risen sharply, no debt, cash £17.8m, mcap £20m & with stores opening sales figures & cash expected to rise sharply,
added to holding today :-)
https://twitter.com/surprised_trade/status/1268558734340640768
£1.3m due from prior asset sale by end June, new CEO and CFO now in place, Online sales have risen sharply, no debt, revenue £10.6m....current sp 1.30p initial target 180p+ on lockdown easing and retail opening up in next few weeks
https://twitter.com/surprised_trade/status/1267705896114835457
£1.3m due from prior asset sale by end June, cash =£19m mcap £21m, new CEO and CFO now in place, Online sales have risen sharply, no debt, revenue £10.6m.
https://twitter.com/surprised_trade/status/1265909105736237057
added another tranche Wednesday morning at 127.5p
https://twitter.com/surprised_trade/status/1265278210209484800
It's a net-net stock, it's as simple as that, BAR initial target 1.60p+ with closer to 200p on stores opening over coming weeks
https://twitter.com/surprised_trade/status/1265177233884413953
it's a net-net stock, Online sales risen sharply, no debt, cash £17.8m, mcap £20m & with stores opening sales figures & cash expected to rise sharply,
Hard to know what to make of today's results. Performed poorly but now has a net cash position and pays a divi. The worst of the news might be in the price. A lumpy 21% fall today in a benign market says the market doesn't like the update. But longer term this one may pay off.
https://pbs.twimg.com/media/EQUIg0kWkAMR_bL?format=jpg&name=small
https://twitter.com/IChronicle
Link won't copy but the article is on advfn.
Good company now they have disposed of manufacturing with cash in the bank worth 140p a share. New CEO is needed to go & make the appropriate acquisitions for growth & then big opportunity. Divi currently being paid.
Take a look
Not much chat going on here then. Here is my article from ADVFN.
https://www.investorschampion.com/channel/get-investing/why-we-are-looking-at..brand-architekts
BUYING BRIGHTON PIER
very sensible post. Let me rephrase my question then: what are the changes that you expect now that LJ is on board?
Anything can be repositioned. Without asking any questions or gathering any opinions. Student bars are on campus and seem too sensible. Just an example:- There is one bar in a particular town/city somewhere in England ( i wont say where, and there must be similar ones elsewhere). Apparently packed to the rafters every night with money going over the bar at the rate of an incoming sunarmi. Its so bad even students can't take two nights in a row. I wouldn't even try to explain what goes on there its just too shocking. There are other establishments in town that are very busy as well, the student population is very large but the student bars operate at a sedate pace. The question is, how do you get all the students into your bar and part with their money when they want to be 'cool' and are in search of excitment. The three ingredients are there, students want to spend their money, there are lots of students, you have the footfall (they walk past the student bars to get to everywhere else.
If this is correct, do we feel BAR can be repositioned? Different audience, different concept? Luke Johnson got in for a reason, I.e. to turn this ship around and not to let it continue to sink... Views?
The article today in shares magazine says the bar operator's core student market is drinking less and studying more. Resulting in declining sales and site closures. Having offspring at university for the past 4 years and another three to go, it is blatently clear that many students use recreational drugs in preference to alcohol, which gives quicker longer cheaper highs than alcohol. Todays student prefers Mandy, MD, Coke and Cannibis. Unless the board can compete with this illegal out of control trade they have no chance.
20 grand of shares has put a bit of sparkle in this. Not sure if it is my beer goggles talking but maybe this is starting to look attractive now? Could well be happy hour at the current SP.
Hi, looking at this company as a potential investment. Does anyone know when the year accounts will be published? Thanks Mike
Luke Johnson getting involved is a very positive move as he is well respected. If he can't turn the business around no one can
£6m too cheap as market reacts to cost cutting program. Cash position depleting but was still over £1.2m at last set of results in March. Difficult to weigh up the cash burn as total assets actually increased from £16m to £18m, property value making up the majority of increase. Head office expenses of £1.5m bleeding this operation dry and should be scaled back according to Interims and todays update. Sound business model in its infancy, could be profitable in 12-18 months time