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Pin to quick picksRev Bars Share News (RBG)

Share Price Information for Rev Bars (RBG)

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Share Price: 1.65
Bid: 1.50
Ask: 1.80
Change: 0.00 (0.00%)
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AIM WINNERS & LOSERS: Revolution drops after GBP21 million fundraise

Wed, 26th May 2021 10:19

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Norman Broadbent PLC, up 17% at 9.98 pence, 12-month range 4p-9.98p. Extends gains after closing up 31% on Tuesday. The recruitment and professional services firm on Tuesday posted a pretax loss of GBP193,000 in 2020, swung from a GBP84,000 profit in 2019, as annual revenue dropped 32% to GBP7.8 million. However, it remained profitable on an earnings before interest, tax, depreciation and amortisation basis, which fell to GBP69,000 from GBP238,000.

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Alien Metals Ltd, up 8.5% at 1.25p, 12-month range 0.08p-3.19p. The minerals exploration and development company says initial results from six samples at Elizabeth Hills silver tailings project subjected to test leaching by ALS Perth are "very encouraging" and return high levels of silver recovery. Adds it has extended exclusivity period with the project owner for further 45 days to factor in backlog of work from laboratories in Perth. "This extension will allow Alien to undertaken further assessment over the potential retreatment and recovery of the silver tailings as discussions continue regarding the potential acquisition of the project," company says.

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AIM - LOSERS

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Revolution Bars, down 29% at 23.35p, 12-month range 8p-41.95p. The bar operator raises GBP21 million in fundraise priced at 20p each. Price represented 40% discount to 33.1p closing price on Tuesday. "Thanks to the support of our shareholders and new investors, this successful fundraising will allow Revolution Bars to emerge from this period of disruption in a strong position with a fit-for-purpose balance sheet which provides us with ongoing financial flexibility and an excellent platform from which to deliver for all our shareholders," says Chief Executive Rob Pitcher, adding that firm has traded "outstandingly" since initial lifting of UK lockdown restrictions.

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Cohort PLC, down 8.2% at 615.40p, 12-month range 507.1p-690.93p. Says that despite strong closing order book, delays in the placing of some orders with subsidiary EID, representing around a third of EID's revenue, is likely to hit EID's trading performance in 2022 financial year. EID designs and manufactures advanced communications systems for naval and military customers. Cohort says that while overall revenue expectations for year ahead are unchanged, the mix of revenue is expected to result in reduction of group's overall profit margin and, accordingly, a lower rate of profit growth.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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2 May 2024 11:56

UPDATE: Nightcap confirms talks for potential buy of Revolution Bars

(Alliance News) - Nightcap PLC on Thursday confirmed talks with Revolution Bars Group PLC, which could result in the former making a takeover offer.

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2 May 2024 10:05

TOP NEWS: Revolution Bars in talks for potential takeover by Nightcap

(Alliance News) - Revolution Bars Group PLC on Thursday said it held exploratory talks with Nightcap PLC, which could result in the latter making a takeover offer.

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2 May 2024 07:48

LONDON BRIEFING: Shell unveils USD3.5 billion buyback; Melrose bullish

(Alliance News) - London's FTSE 100 is called to open higher on Thursday, after the Federal Reserve left rates unmoved and Chair Jerome Powell came across less hawkish than feared.

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2 May 2024 07:26

Revolution Bars confirms takeover talks with Nightcap

(Sharecast News) - Revolution Bars confirmed on Thursday that it has held "an exploratory meeting" with Piano Works owner Nightcap about a range of possible transactions, including a potential takeover.

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1 May 2024 17:47

Revolution Bars raises GBP12.5 million from fundraise

(Alliance News) - Revolution Bars Group PLC on Wednesday said it has raised GBP12.5 million through a placing, subscription and open offer.

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25 Apr 2024 15:49

UK shareholder meetings calendar - next 7 days

Friday 26 April 
Bellevue Healthcare Trust PLC AGM
Kingspan Group PLCAGM
Me Group International PLCAGM
Pearson PLCAGM
Senior PLCAGM
Smurfit Kappa Group PLCAGM
Monday 29 April 
Goldstone Resources LtdAGM
Hydrogen Future Industries PLCAGM
JPMorgan Claverhouse Investment Trust PLCAGM
KR1 PLCEGM re buying up to 15% of shares in issue
Ocado Group PLCAGM
Secured Property Developments PLCGM re name change to Mollyroe PLC
Symphony International Holdings LtdAGM
Tuesday 30 April 
Amigo Holdings PLCGM re capital raise
Anglo American PLCAGM
BBGI Global Infrastructure SAAGM
CVC Income & Growth LtdAGM
Elementis PLCAGM
Minoan Group PLCAGM
Pebble Group PLCAGM
Robert Walters PLCAGM
Rotork PLCAGM
Wednesday 1 May 
Alfa Financial Software Holdings PLCAGM
Alpha Group International PLCAGM
AVI Japan Opportunity Trust PLCAGM
Domino's Pizza Group PLCAGM
Electric Guitar PLCGM re reverse takeover of 3radical
Flutter Entertainment PLCAGM including vote on primary listing move to New York
Glanbia PLCAGM
Jade Road Investments LtdAGM
Johnson Service Group PLCAGM
Smith & Nephew PLCAGM
Spirent Communications PLCAGM
STV Group PLCAGM
Tritax Big Box REIT PLCAGM
Unilever PLCAGM
Witan Investment Trust PLCAGM
Thursday 2 May 
AIB Group PLCAGM + EGM re proposed buyback of shares from Irish government
Aviva PLCAGM
Ecora Resources PLCAGM
Enwell Energy PLCAGM
F&C Investment Trust PLCAGM
Glenveagh Properties PLCAGM
Grafton Group PLCAGM
Gran Tierra Energy IncAGM
Howden Joinery Group PLCAGM
ITV PLCAGM
Kerry Group PLCAGM
Melrose Industries PLCAGM
Moneysupermarket.com Group PLCAGM
Personal Group Holdings PLCAGM
Reach PLCAGM
Reckitt Benckiser Group PLCAGM
Revolution Bars Group PLCGM re fundraising
Rio Tinto PLCAGM
SIG PLCAGM
UK Commercial Property REIT PLCGM re merger with Tritax Big Box REIT PLC
Ultimate Products PLCGM re share buyback programme
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
12 Apr 2024 07:43

LONDON BRIEFING: UK economy grows again in February

(Alliance News) - Stocks in London are called to open higher on Friday, as investors digest the fall out of a busy week of interest rate decisions, as well as economic data.

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11 Apr 2024 18:50

Revolution Bars raises up to GBP12.5 million amid mooted sale plans

(Alliance News) - Revolution Bars Group PLC on Thursday said it raised GBP10.5 million plus up to GBP2.0 million in its bookbuild launched yesterday, amid a restructuring plan that could see the business sold.

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11 Apr 2024 11:52

Revolution Bars could close 18 sites under overhaul plans

(Alliance News) - Revolution Bars Group PLC has announced plans for an overhaul which could see 18 of its bars shut down, as the chain has been hammered by cost-of-living pressures and regular train strikes affecting its younger customer base.

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11 Apr 2024 11:50

LONDON MARKET MIDDAY: Europe takes hit on nerves ahead of ECB decision

(Alliance News) - European equities sunk lower at midday on Thursday, with sentiment hurt by hotter-than-expected inflation from the US crushing hopes of interest rate cuts.

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11 Apr 2024 09:27

AIM WINNERS & LOSERS: Lok'n Store up on takeover offer from Shurgard

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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11 Apr 2024 09:15

Revolution Bars proposes restructuring, eyes £12.5m equity raise

(Sharecast News) - Bar and gastro pub operator Revolution Bars has proposed a restructuring of the group, which would involve the shuttering of several sites, rent reductions, and an equity raise of up to £12.5m featuring new and existing investors.

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11 Apr 2024 07:49

LONDON BRIEFING: Astra promises dividend hike; Darktrace ups guidance

(Alliance News) - Stocks in London are called to open slightly higher on Thursday, as investors eye the latest interest rate decision from the European Central Bank, a day after a hotter-than-expected US inflation reading.

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10 Apr 2024 20:08

Revolution Bars looks to raise funds as reviews future options

(Alliance News) - Revolution Bars Group PLC on Wednesday announced a GBP12.5 million fund raise amid a restructuring plan that could see the business sold.

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2 Apr 2024 14:21

Revolution Bars shares suspended as fails to publish interim results

(Alliance News) - Revolution Bars Group PLC on Tuesday said its shares have been temporarily suspended on AIM in London, as it is unable to publish its interim results on time.

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