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Wow! Such a useful comment gives me a tremendous amount of faith in humanity's future...
It's hideously insolvent and substantially loss making. Why would anyone be holding this?
What they really need is someone to come in and pay off their debt...
Not publishing the interim results so being forced into a temporary suspension is a strategy to stop the sp tanking even more. The current sp as an indication of the value of the company has now become fictitious and irrelevant as it is based on sentiment and speculation only. The true market price is what anybody is prepared to pay for it, yes it could be less than the current market value but IMO it will sell for many multiple times more. We shall see.
They want /need £10mln according to the initial Sky reports last month
That's x 3 the market cap
Can't see it being pretty
Interesting chap. If the CEO & BOD can take advice from him and can learn from his successes and failures then RBG has a good chance to turn around. Big "if" though....new CEO is required first IMO.
Last post from me for a while, going to sit back and see how events unfold. I would be happy with a part sale or full sale of the business, at the right price, and there is a possibility this may happen.
There is also a possibility Luke Johnson may get involved, interesting Rev Bars decided to name him in the recent RNS. Mr Johnson has significant experience in the hospitality industry, and especially for turning companies around. Any PI that hasn’t already done so should take a few moments to read up on Luke.
To suggest suppliers will now want money up front from Revolution is naive at best in my opinion. Rev Bars have not defaulted on any payments, why would suppliers therefore change their payment terms. Rev Bars increased turnover last year by £11.8 million to £152.6 million. £152 million is a significant amount of alcohol and food. Distributors (suppliers) to the Hospitality Industry will be facing their own challenges. Suppliers to Rev Bars will not want to lose the business, along as the current terms are being met. If anything, if approached to do so, it wouldn’t surprise me if certain distributors would reduce their margins and lower costs to keep the business, after all the supply to 58 bars and 22 pubs I would suggest would be a significant account to have.
Dom-Bella, it is my opinion your posts are deliberately negative, each and every one, in an attempt to present yourself an opportunity to buy in at a lower SP. I do not have a problem with that, we all have our own investing strategies. I was hoping for constructive conversation when asking posters their opinion on why Eldose was heavily buying in December. It is unintelligent to suggest an investor of his magnitude wasn’t aware of the rising costs approaching in 2024, namely business rates and payroll costs. This would not have just come as a surprise in the last 3 months as you are suggesting, it was widely known costs were to increase from the start of April 24. There was a good reason Eldose decided to buy up 16% of the companies shares. You and I do not know the reason, I do wonder however if this will come to light over the course of the next few months.
The silver lining is usually when it's wetter than normal in March/April the summer is usually drier. Should RBG last that long...
Yes, early easter and bad weather isn't a good combo forpubs I imagine
Suppliers will want there bills paid in case it goes under . Let’s see if Easter is good but the weather looks really bad.
I think he didn’t realise in the new year 2024 things got really tight and customer numbers drop and cost go higher .burning cash . Also I bet the supplier are asking for money before goods now . A big problem unless NatWest lets them have more ££££££££.
I’m sitting tight, hopeful that part or all of the business will be sold. I commented in December that I thought part of the business (excluding Peach Pubs) would be sold. There is hope. Eldose Babu was buying heavily in December, the last purchase on 21st Dec was over 5p a share and took the holding to over 16%. As an investor of this magnitude he would have done due diligence. I can’t get my head around the heavy buying from Eldose in December at 5p a share, fast forward just 3 months to 1p a share. Surely Eldose hasn’t just thrown over £1millon away in less than 3 months ! Surely he knows more than us pi’s ! What do others think ?
Still doesn't quite sit right with me that they spent £16m on Peach (albeit with debt) and now company worth £2.5m. But really is looking like admin on the horizon. But as you say no point in selling now.
Exactly, the business model looked fine, now it is not, so you adapt or perish.
There are too many establishments. Severe pruning is required to survive the current climate. But survive it could until better times ahead. Long term investment? Yes and would be fine by me.
A new government that is not as tight with the purse strings would definitely help though... :-)
Not much point for many investors at 1p. To think a take over at 100p was rejected. Not by the BOD but by the institution shareholders. Most long term investors would not cover costs if they sold. This company has just been unlucky I think. The company was booming, the business model looked fine, the bars were packed, plenty of cash....then came covid and a cost of living as taxation soared to 70 year levels. Wars, inflation, interest rates....no-one could have seen any of this. Most costs have soared. The response of only opening at peak times was good. In 10 years or so a new set of bars like this will boom. Now is just not the time.
...more dead shops on more High Streets. If I owned these, which luckily I do not, I would drop them quick as a too hot crossed bun!