Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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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
Further delayed trades at the end of the day, what it looks like now the end of the Artemis sales and reaching "0" from the 4,784M left on the last count during the week RNS.
So waiting for the RNS of " Eldose Babu" has increased to 18.2%
Yesterday's delayed trades ......
2,000.000
1,580.018
500.000
500.000
-----------
4,580.018
Just reported large buy yesterday 2m at 5.70p from late yesterday
Could be the end of Artemis sale to "Babu" ........
21-Dec-23 15:57:51 5.70 2,000,000
Further increased in % terms 16.21% ( 15.34% )......
Revolution Bars Group Holding(s) in Company
Date on which the threshold was crossed 21-Dec-2023
Eldose Babu
Resulting situation 16.21397%
Position of previous notification 15.344589%
Hopefully now stopped selling for a bit then.
Another RNS today but from a different name Artemis who had 7.84% and is now down to 2.07%, so they were the main sellers..........
Holding(s) in Company
Artemis Investment Management LLP informed Revolution Bars Group Plc on 19 December 2023 that its shareholding as of 18 December 2023 was 4,784,313 representing 2.07% of the ordinary shares held.
I think Eldose Babu is still accumulating and the price range he is happy to purchase at is known to some. It matters not to the MM’s what the SP is, as long as they make their margin on the buy/sell. This will fly as soon as Babu has reached the percentage holding he is aiming for imo, and that is without any other positive news - Buyout offer etc. ..
Properbrutal28 I am with you totally im not as convinced as I was a few days ago regarding the imminent buy out something is very odd and simply does not add up with the volume here this should be at 8p or thereabouts one thing we must not forget this was in the 2s not long ago time will tell
@taltbong Disappointment so far. MM looks like they have been stockpiling these shares for awhile to fit Babus quota, can’t see any other reason of why the share price in the last week hasn’t gone up further. Unless the huge rise in the last month or so is the MM getting us to sell shares and stockpile, and now we are back to normal.
Very interesting and rewarding watching this play out. Can't understand the 6.71p buy but all seemingly heading in the right direction. What will today bring?
£79.5k buy went through this morning at 6.71p.
I have a feeling an offer is on its way !
Spread 5.50 v 5.80p
Another UT above offer price 5.90p at close, A sign of the stock being wanted
16:35:16 - 5.9 - 181033 - UT
It appears Babu is still buying. A 1.5m purchase and yet no movement in the share price !!!
Not many trades but some large trades appeared again 250K and 1.5M
Something def going on here, could we see a hostile takeover?
And the result is another RNS today with Eldose Babu has increased to 15.344589%
So has managed around a 10 % stake on the cheap