Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I nearly bought a lot of stock pre Xmas but glad I didn’t-Peach seems to be a good purchase but the main brand must be under serious pressure
Good that investment has stopped to reduce debt. Huge increases in pay and in business rates.
this used to be 100p on the basis of a bid. These near doubled recently but have now halved again. If the bank pulls the loans then that is the end. I think that is likely myself this year. A lot of brands here that will be worth plenty but there will be nothing left for shareholders. Tough on the company with so many issues after Covid. I pulled back a few quid after it doubled but Xmas has now gone. Not going to punt again ....I see this on admin by the summer. Will keep what I have just in case they can hold on.
I expect even more of an overreaction today. These will be so cheap it will be a nobrainer but to buy... :-)
Are we nearing some sort of end, or will we ever get to see a ray of sunshine?
Mickey Mouse?
...MM needs shares...
What is the % split?
Interesting for this next year https://www.express.co.uk/news/politics/1851844/brexit-european-union-recession-pmis
When the 18-30's do get a bit of extra cash then...boom, well possibly not, they do seem to be a bit more cautious post covid...
Big Gun, Revolution which is by far the biggest brand is aimed at 18 to 30s. In 2022 they were refurbishing bars and opened 2 new ones (Preston and maybe Exeter off the top of my head) despite the concept clearly struggling. The de Cuba spin off is aimed at a slightly older crowd and seems to be doing a lot better.
RBG has specifically called out the increase in minimum wage as having an impact, however, surely this will impact it's 18 to 30 year old target group too.
Peach was only bought a year or so ago and is aimed at a higher socio economic group (mains are c £20 each etc) and is a stand out performer.
Some good size buying trades showing in the ticker today
I expect we will see a TR1 soon showing Eldose Babu continuing to add to his already significant holding, accumulating at this level.
Something positive happening in the background imo
Just getting rid of the chaff. Business model covers equally all demographics not just the young. Families have little spare cash but the over 50s do. It'll survive.
Agree though, not the best time to expand. Should've waited until the economy stabilised. 2025 maybe?
Hold or watch IMO.
Well if you by 2 shares youll get your 8p lol
The revolution brand seems to be the main issue and yet post covid loads of money was spent refurbishing these bars. Why?
These bars are meant to be focused on a younger crowd and students. Previously we were told these youngsters were less impacted by the cost of living as they don't have mortgages etc, now they are the most impacted according to RBG.
I have no issue shutting bars not making a profit - the Wilmslow one always looks dead, maybe it should have been done earlier.
Playhouse is a new concept so a bit concerning that is closing.
Peach is a great brand - the one in Bedford, the Embankment, is not cheap but is always quite busy and food is good. It also does B&B. However, buying this using the overdraft at a time of rising interest rates was madness.
CEO still gets his £400k basic despite all his poor calls though.
The worry is its treading water so 31st Dec 22 debt £18.5m and 4th Jan 23 £18.3m.
6th March debt was £23.1m and 15th Oct £ 23.2m. So seasonaly will go up.
On the plus side closures and lower utility costs should mitigate part of wage rises.
Held on too long - thought results would be better as Babu was involved. Holding for now
Makes good business sense. The board are serious about the future of this company. More than most on AIM...
Hope they can sell off the bars as going concerns so most of the staff can keep their jobs.
Reading between the lines. Overall sales down approx 2-5% (lfl). The Xmas “bounce” of 9% was against very soft sales due to big train strikes. But things heading into an environment of +9% cost increases (admittedly wages isn’t all costs…but a significant component). The jaws being shut firmly. Unfortunately probably need to see 15%+ sales growth to get ahead of costs and payback into refurbs etc. Makes next year precarious-trying to find 10% more sales just to cover cost increases…
Another £2.5m reduction in the debt since July. £4.8m reduction in debt since 6th March. These reductions in the debt are being made during the current ‘down trend’ in business. Suggests to me the overall business is not as gloomy as it would first appear when reading the latest RNS’s. I wonder if we see another TR1 next week showing an increase in Eldose Babu holding. I think we might ! I guess the SP is back in the range for accumulating. I strongly believe an offer will come for Revolution Brand, may exclude Peach Pubs which could possibly suit the current board !
We can put negative arguments on how to survive any business, but that is how they are trying to get rid of unprofitable pubs.
Debt down and only 2,8% lower on revenues, then the large drop looks overdone.
GOV is fuelling inflation with Election give-aways in NI decreases and minimum wages increases. If the wage increases are going to hurt then the other increases in costs are going to get harder to pass on. And, the new import controls on food [aka Brexit freedoms] are also going to fuel inflation. Costs are going up whilst consumers are getting squeezed; these are tight times for businesses reliant on discretionary consumer spending.
Bit of an overreaction today?
I agree-looks cheap to me
Buyout is likely coming. only 2.8% drop in revenue in these envs, and dropped nearly 25%
Finally, the offer goes to 5.80p, the 35K buy did the damage
11:29:37 5.70 35,017
Despite the buys at 5.70p the offer price stays the same, I wonder if the buyer on large amounts has stated a fixed price ( and maximum ) on his purchases so MMs hold it at this price.
Two ticks up on the bid to 5.60p has the signs it wants to go better again