Member Info for Davde

Interims due Sept. Could get a trading update beforehand if anything of any value to report! Oasis upped their holding via financial instruments again. Are they looking at a hostile bid or just trying to increase pressure on BoD to adopt activists strategy time will tell!

Yankee 5th June RNS. LLP was subsequently appointed as the Company's auditor, however there is significant risk of there being insufficient time to ensure that the audit is completed by 30 June 2023." It is possible DVRG will be suspended pending results of audit!

Hope this comes soon!

Have Oasis lent 5% of their shares for someone to short the share, I am confused by the RNS can anyone explain?

Hope we get the above soon to lift the gloom! The Finncap update in March was predicting next years production at 477 boepd but this was before news on flow rates I think! That being the case then next years revenues could be higher than forecast currently, by how much is what I would like to know.

Https://www.morningadvertiser.co.uk/Article/2023/05/11/support-for-the-restaurant-group-from-largest-shareholder

Not all II's agree with Oasis.

The reality is changing management will not change current service delivery in the short term, the issue is a lack of available drivers and this being addressed. Will they keep under direct control for long or award back to FGP or another provider time will tell but with an election looming suspect it will be decided sooner rather than later.

The £75m share buy back commenced in Dec 22 has to date purchased just under 40m shares. So they are roughly two thirds of the way through the buy back process. How much the buyback is supporting the current price rise is debatable!

Atanasoff I do not disagree with the point you make re skin in the game however my point re 12p remains, however unlikely that seems at present. Re warrants they need to get the SP above 4p before any will be taken and the exercise period runs out in 6 months, given the current SP funds raised and dilution impact may well be minimal without some very good news!

Any idea why, odd!

Are the 1.2m shares not dependent on meeting SP target of 12p, if they do I for one would be happy they get them!

To me it is indicative that they or their client believes that the SP will rise as it it CFD funded! Could be wrong as this is the murky world of hedge funds and high finance!

Archy147 your post gets a mention on RTN media.

RoyGa thanks. A bit of a concern for me, especially if it involves either a fund raise or borrowing vast sums!

LFL sales are less than inflation so it looks like in real terms volumes have dropped already as a consequence of the COLC, some inflationary costs will have been passed to customers, those that have not been will have impacted profitability as seen if final results. The cost reductions will mitigate, to some extent, reduced profitability impacted by absorbing inflationary pressures. The RTN SP already reflects current concerns re outlook and as inflation recedes sentiment will change and with luck the SP will improve in the coming months it should become clear by the time we get to the interims I hope!

Not seen anything re this what is your source.

Good update. The comment re enhanced financial segmental reporting in interims is good.

The lack of segmental reporting makes it hard to determine how much each division makes, it is clear from the annual report is that the leisure divison is the least profitable currently but the board expect similar returns to be made in the coming years hence further rationalisation of primarily F&B sites, thereafter all divisions are deemed comparable financially. That being the case, the strategy to sell of all but Waga and use funds to develop Waga further seems odd. Why sell the other divisions if broadly achieving the same profitability and ROCE seems daft. The other issue is why put all your eggs in one basket brand wise when you have a portfolio that caters for different segments of same the market allowing you to adapt to challenges in this sector, the clue is in the company name! The proposed change the incentive scheme may enhance shareholder value short term but likely to diminish longer term value. If they want a takeover then asset strip, then fine by me, as long as the price is right and it way north the current SP.

Certainly good news, clarity on future dividend policy will be welcome, i.e cover level. I expect this will be prudent, rightly so, and buyback will be dependent growth plans, we will find out more shortly. All good though it been a long road to recovery!

Not sure which are worse! More posts today than I can ever recall!