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Thanks, standard LSE, delay on RNS again. glad i dont pay the premium.
RNS due? currently up 55%
50mil isnt outside the realms of possibility for PE for 80 bars and peach pubs, esp without the debt.
would be a great deal in 1-2 years and lower interest.
in here with 153k at 2.35, but another load at 8.2, bid of 5p would get me out at a small loss.
I'm not saying the new shares are in the vote, the RNS states that the initial conversations and exploratory observations includes the current in issue shares, and the ones to be issued for the 12.5mil raise.
"possible offer for the entire issued and to be issued ordinary share capital"
I believe a lot of the lack of profitability last year were due to the impairments, and then the German rail contract issues, plus the driver pay rises.
With these out of the way, and fingers crossed no more impairments (but who knows what the new CFO will find) then we should be profitable going forward - and would have been previously.
I'm hoping that there were reasonable conversations about affordability before ALSA bought the new company.
the debt is also a big factor which hopefully the CFO will work to resolve with her contacts, or be able to negotiate new terms on re-finance. i do think we're over worse of it now, but still a little way to go to restore faith and company value.
As with all trading, only trade what you can afford to lose, if you have other income and are comfortable, then sure, keep going if its right for you, but dont make yourself homeless over it, 1/3 of something is better than 1 of nothing. chin up.
in regards to mobico, their most recent results shows revenues up, and FCF is flat-ish, so its not like they are losing money hand over fist, just kind of treading water right now.
due to this, its unlikely there will be any dilution because of various reasons, 1 being the cosmens and their substantial holding.
i like most others are deep underwater here, but i believe it will come back good, but we're looking at 18 months minimum really when interest rates start coming down, before the debt is re-financed. they also bought a company on the canaries which completed yesterday, altho it was signed end last year.
if you bought at this price. it could very easily, and quickly get back to 80-90p, which would cover a large amount of your losses, but as LWHL mentions, take a breath and consider your position before jumping in.
RNS this morning, and press speculation about a buyout offer. this includes all shares in issue, and all of the 1p placing ones
Nightcap and Rekom are among the parties which expressed interest in buying part or all of Revolution ahead of a bid deadline on Wednesday, Sky News understands.
https://news.sky.com/story/revolution-bars-rivals-eye-bids-for-struggling-chains-assets-13127095
but no firm offer yet
Think your outlook would depend on what your avg is. Anything 50-60. Youll def make money on a bid, as lowest will be 85-90.
That said, as i mentioned yesterday, if the co we’re interested in selling it all, why even advertise NA sale?
Anything could happen here really, but hoping its a bid of at least 140-150 if it happens. Cant imagine the board accepting something much lower than that considering it was 120 12 months ago, and 90 4 months ago. Business has shown that its resilient and makes good revenue.
Honestly, as they have announced the sale of NA, i cant imagine them accepting an offer before they see that through or exhaust all bids, else why even mention it.