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CFO is fantastic and at one point was the only reason I stayed invested
I agree right now (though I'd argue that on a long enough timeline the market will out - hopefully we'll all have done very well by that point) - my point is simply to be careful for those who see points like 'this was valued at x' and think that ought to reflect on the price now. It was valued at that, but times/fundamentals/company were different and just because a share price was once at a particular value does not mean that we will see that price again when dilution, scale etc are all taken into account. I do think RBG is well placed to do well, should all go with reopening and the rest of the year. It does feel like the leadership have managed to get themselves in order, and it's promising, but just because it's gone up by 30% does not mean it will go up by 30%.
Appreciate the fundamentals cw but I've been here since the 8p days and the biggest pusher here is investor sentiment, this will continue to soar as things reopen
Hi,
I had like a target of 60p but like others lm hoping for more. We are in strange time's and I believe there will be a surge of all age's wanting to go out and could reflect in a strong SP well over my target price but that's me getting exited lol. But good luck to all
Exactly. Great post. It’s already at pre-pandemic levels with dilution taken into account. However, as someone mentioned already, lots of bars and clubs will have closed for good which puts RBG in a great position to increase market share and come out of the pandemic in a stronger position. I’ll be cheering you all on from the sidelines
So we have to be careful not to conflate market cap and share price. The offer at 200p valued the entire business back in 2017 at just over 100m - the share price today sees a market cap of around 50m. We've some way to go - 2017, for example, had 69 sites and 130m in sales. Pre-pandemic, obviously, but it was a bit of a high water mark - market cap before the world went to hell was around 40m which implies we're already back to that position, if not above. Don't forget there was a rights issues that put the number of shares in the pool from 50m to 125m last year. I'm in here as much as anyone - and I do think we've a way to go just on sentiment - but DYOR, set your stop losses, and don't invest anymore than you can afford to lose.
Don't mean to ramp, but this has gone up by 1/3 in a week. Not so much an increase as this is a correction and this looks to be correcting back to pre-covid levels fast. GLA
Hope it does Joe, but think you might want to increase your timeframe a little. 55p in a week seems a little rampish.
Think this sort of price range now bodes well for prospective investors who look for something not as high risk... this will fly over the coming days. Was waiting for it to pullback but just topped up now as it went over 40p as I think it will be closer to 90p when full reopening gets underway
Over 40p now. Just too cheap. My kids cannot wait to go to the pubs and bars again from Monday to socialise etc. Earn their money, older teenagers and lost their 18th year in effect. I had a great 18th year....long time ago now.
200p bid rejected remember. Would the major shareholders now take 120p?
Not quite true,,,,the board accepted 200p. The major shareholders voted firmly against.
I'd love for the SP to be more than 65p by the summer however that's already almost doubling from where it is now - the board did reject an offer at 200p however there's obviously been a rights issue since then and a lot more shares in issue.
I do think this has huge potential over the next couple of years - great management team and fantastic employee engagement across the business, something which they seem to have managed to maintained throughout lock down.
Yes have been watching this share, I actually know the guys who originally set up this company the idea was to get to 5 bars, they sold up along time ago and made a fortune. The only thing stopping me diving in is I don't like buying after a big rise.
Remember that shareholders turned down a 200p bid a couple of years ago. A lot of the poor performing bars are now gone. Plenty of debt here of course...but from next Monday the tills will be going mental. Let us hope all is in order.
I think 65p is a bit low
My target by the end of summer is 65p.
Hi All,
I'm hoping after seeing Pubs and bars busy in my area it looks promising when the sun was out briefly lol, does anyone have estimates what this share price could be this year if everything goes well with the vaccine roll out.