Member Info for GG79

I mentioned this previously as the RNS stated the div would be paid to those "on the register" at 1 September 2017 and noted the ex-div date being 31/08 on HL. Would have had to be holding yesterday to be officially on the register as at tomorrow's record date and has indeed gone ex today.

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No probs and broadly agree given the IPO price was 200p and that was at the "bottom range" if memory serves. Had a few pence divs out since then but yep debt free and cash-generating. Seems RBG board happy to have received any sort of offer after the sp nigh on halving in May and now a few pennies on top here or there making less difference to their view. Nice if you were in after the sharp drop/averaged down; less nice if just got involved at the IPO..

Not sure price action wholly attributable to MMs... BNN is traded on SETS so anyone with direct market access can be a MM of sorts...

Think RBG initially dismissed Deltic proposal as all-share merger not overly appealing and Stonegate offer would mean managers remain employed, for now at least. Imagine Deltic have suggested possible cash offer so RBG belatedly given access. Have copied part of a broker note for info. Before anyone shouts, this is not me giving advice(!) Seems like management/Artemis happy to take anything over 200p but, all things considered, I personally think 230p would be "okay" given there are two interested parties and the synergies for the combined operation, whichever it may be, but 250p a "fairer" valuation. Greedy? Me? Possibly. Agreed offer from Stonegate  - 203p per share in cash – 62% premium to pre-bid closing price but 13% discount to 12m high in March 2017 75% in value of shares voted needed to agree to deal – 20.94% obtained so far including management’s 2%, Artemis 14.77% and Castlefield Fund Partners 4.17% From Revolution’s view – “attractive and certain value in cash today for Revolution shareholders”  From Stonegate’s view – we think they are getting Rev Bars on the cheap (6.5x current EBITDA pre stripping out Head Office costs Revolution has confirmed its FY17 profit forecast given at the July trading update (flat EBITDA YoY) – which should give some comfort that Mike Foster has not uncovered any further issues STOP PRESS – Deltic announced at 7:36am that they’ve been granted due diligence access and that they’re evaluating a possible cash offer. This is about to get interesting… Sector trades on 8.9x EV/EBITDA = 285p for Revolution (and that’s post opening costs) Or if we look at the rumoured valuation for Be-@-One of £60m vs its historic trailing store (e.g. ex central costs) EBITDA of £7.5m = 8x EBITDA (Be-@-one also has a higher EBITDA margin of 16% vs RBG 10%))

I've seen all sorts on these boards over the years but this truly takes the biscuit. Having read some of NLH's history I am still none the wiser as to his veracity. But yes, I too find these sorts of "altercations" pointless but can't always resist biting my tongue. Anyhoo - back to the stock perhaps? Slightly surprised Revolution agreed to 203p as thought may be more of an uplift from the initial 200p proposal. Guess it's all part of the game having given Deltic DD access; let's see if Deltic's potential cash offer supports the line re 203p still significantly undervaluing RBG...

Writing was on the wall after the note by Paribas earlier this month. Don't often see a double downgrade so hope some managed to escape today's drop. These sorts of sharp reactions to less than good news seem increasingly common these days. Sign of a toppy market some would say...

It's called an auction. Anyone with DMA can get involved. You could have bought a much better car if you held on... ;)

Off topic - Mugambo - best name ever! Excuse my pedantry but think it's spelt Mogambo... Either way, YES what a film. RIP Amrish Puri.

Literally no point replying. Gawd knows why I'm bothering. Suffice to say everything you question I have already answered if you actually bother to read my posts. If you can read. I remain unconvinced. And "baying for an argument"... ermmm, me? Eh? Oh. Ok, sure, what you said. Deffo. I also call a spade a spade when relevant. Or a big tool. Wholly applicable here it would seem. Not worth wasting any more time or energy on you.

Yep - bizarre indeed. Not sure if you'll ever quite understand this and most likely fairly Sisyphean for me to attempt to help you comprehend but I never actually told anyone else what to do regarding their holding as an individual's strategy is unique to them for a variety of reasons. Amusing how I was a shorter first but now I've been telling people to hold. Think you need to drive that motor straight back to the asylum and tell them day release isn't working. Toodle pip.

Supposed 1 codes are utter nonsense...

No worries dan and agreed re bulletin boards. I somehow managed to be the bigger and better person and cease replying to the increasingly bizarre responses. Think the downside and upside risks here are fairly clear and, as with all investments, it's each to their own based on strategy and risk attitude/time horizon etc etc. If only some were capable of understanding that and were able to read such posts without giving in to their own bizarre perceptions and choosing to hurl unwarranted and unfounded abuse. Human nature on these boards I suppose. Sadly.

As a point of information, I'd look to clarify the actual ex-div date, perhaps direct from the company itself. The date given in the RNS is for shareholders to be "on the register at 1 September 2017"; normally for dividend paying companies the ex-div date is two business days before the actual record date. HL has the ex-div date as 31 August so worthwhile confirming if anyone is looking to buy specifically for the dividend itself.

Maybe the conversation was too normal and there wasn't enough abuse being hurled with accusations of ramping and deramping. Must do better. Hopefully this won't post 39,765 times like me last missive.

Anyone know where the posts from earlier today have gone? Don't think was anything particularly contentious in them? Did someone report them and does LSE just delete? Bizarre.

Anyone know where the posts from earlier today have gone? Don't think was anything particularly contentious in them? Did someone report them and does LSE just delete? Bizarre.

Anyone know where the posts from earlier today have gone? Don't think was anything particularly contentious in them? Did someone report them and does LSE just delete? Bizarre.

Doesn't look like it.

No maybe about it. Read the results properly and it's all in there.