Member Info for JoeKenny

Market is waking up to the fact that 2021 is really a year for staycationing, expecting this SP to plummet at some point this month.... hoping to time it right, as it will likely be 15 pounds again come next year IMO so still could be a winner

Yeah I also found the whole takeover suggestion a bit strange... 1. Although Franco Manca is growing in popularity I didn't think RTN were even looking for M&A and 2. I think FUL are too busy with their own expansion programme to be in a position where they would want to sell.
And just a bit of share chat: This SP should fly past the 20p mark soon I think, it'll begin to correct after we get the all clear that normality can resume after June 21st IMO

Just topped up again with a small chunk alongside my COM shares, quite optimistic here

Report should be good anyway, just bought another small chunk, looking forward to the post vaccine boom now

Anyone have any targets here? Really unsure what the ceiling may be here unless the SP corrects itself... anyone think we will see that in the coming report and after June 21st?

Well he said he hadn't been actually approached but the rumour has clearly come from somewhere. Good to see either way. Should also get more news of acquisitions soon, very tempted to increase holding again as to not miss out on any further developments that push up the SP, can see this rocketing (personally think they're playing it tactical and not releasing any HY or Q reports until after June 21st)

Thoughts anyone? This could fly if a bid came in (personally didn't think RTN would want to expand but there you are)

https://www.thisismoney.co.uk/money/markets/article-9632691/Restaurants-toast-summer-deals-says-boss-Franco-Manca.html

Nice to see some more positive news coming in, should be a nice boom for the sector come June

Oh goodness, really dont think that was necessary, I dont think I post ingeniously and I certainly dont think your attitude is acceptable by any standard. Feel like I'm being shouted at by a man sitting on the local pub wall

Sorry was just general share chat, I did decide to take a profit in the end since it far went above the 10% profit line I expected, glad to see this is doing well again, should see a good report come in. Was a bit worrying seeing such a drastic drop the other day, gutted I didn't buy a chunk at 70p yesterday

I'm not being any of the sort, I thought RBG was great, and still does have good future prospects, but compared to the likes of Franco Manca I don't think this longer has the same popularity, which if you look on the likes of social media, the news etc. it doesn't. Nevertheless I still thought it could be a multi-bagger long term, particularly given how good the CFO was during the worst of covid, but not now after this second dilution.
And no I'm not 'losing' all over the place, I've been invested here since the last placing, but now I think that there's better opportunities elsewhere, I mean all hospitality shares should all do well post-lockdown. In my further comment I just wanted to reassure to some people who have lost serious money today that it may be worth holding on to RBG in order to regain some of their losses, as it may seem attractive to a few investors who may well push the price up to 30p over the coming while

Depends if people have the stomach to hold, best thing to do is either make something good out of it or go elsewhere... moved most of my holding a while back to the likes of Franco Manca

lots of buys coming in now so who knows, placings can sometimes be seen as a popular move, I think long termers sometimes find it hard to see that such a price is very attractive to new investors. So who knows where this will end up, its not like the placing last year where it was just for survival, RBG does have good prospects now.

Lots of people jumping ship or averaging down now I imagine, but regardless of growth/revenue it will take a lot to rise back to 40p+ levels.

Held these for a while now and as much as I liked the CFO, this placing is totally crooked... to drive up the SP to 40p+ with positive reports only to have a massive placing at 20p is a total spit in the face to shareholders.
RBG will be making money post lockdown, but you're better off investing elsewhere where such wranglers don't run the company. Been increasing my holding in the likes of FUL and COM recently and have seen nice returns, where actual passionate entrepreneurs are involved. GLA to all holders

I had a small chunk there and its been decimated, really dodgy thing to do... crooked even, I mean its totally suspect to release reports of such good trading, drive up the SP to 40 odd pence and then to raise such a huge amount at 20p!
FUL on the other hand are run by genuine entrepreneurs and I feel it won't be long before this surpasses RBG, the popularity of the likes of Franco Manca is on the rise while Revs have been in decline since 2018. Have a much larger holding here and I'm tempted to top up again

Insiders knew, they even admit it if you look on stockepedia. Shocking behaviour toward PI's like us. Where has this money suddenly vanished?

Infuriating to see this, really thought this SP was actually regaining its value after the previous dilution

Totally agree, think this is all a bit of a shocking and uneccesary dilution, very suspicious in all honesty. Will have to wait a good while before we see the likes of the pre covid SP levels now.

hoping for a lot of positivity come next month when things can reopen fully/without social distancing