Member Info for Laughton

Revolution Bars (RBG) is exiting the pandemic with fewer competitors and an improved estate, says Peel Hunt.

Analyst Douglas Jack retained his ‘buy’ recommendation and target price of 35p on the bar and club owner, which closed down 1%, or 0.25p, on Monday at 24.5p.

Like-for-like sales were up 17% between 19 July and 2 October versus 2019, which Jack said was ‘ahead of the bar sector and materially ahead of expectations’, leaving the group with net cash of £3.7m.

‘If no Covid-19 restrictions return, we would expect to make further forecast upgrades in the new year,’ he said.

Jack said pre-Covid-19 the group had ‘made great progress aided by the implementation of a wide range of workstreams’.

‘This continues as the company exits the pandemic against a backdrop of less competition and a much improved estate,’ he said.

‘Around 20% growth in the size of the estate over the next three years should help the estate and earnings quality to continue to grow.’

Many thanks Banburyboy - I know we are supposed to beware confirmation bias - but your updates much appreciated nevertheless.

Is that per share or per pair of shares (are they still trading that way over there)?
Or am I think of another share that has a duel listing but can only be bought in pairs in NY (in which case apologies for any confusion)?

Hmmm!
Disappointed that we've had no announcements re orders/deals from ITM.

Oh well, they have a week to redeem themselves.

https://www.hl.co.uk/shares/share-research/202111/next-strong-q3-sales%2C-but-guidance-unchanged?utm_source=Silverpop&utm_medium=email&utm_campaign=E00RN&utm_content=Share%20research&theSource=E00RN&Override=1&utm_source=Silverpop&utm_medium=email&utm_campaign=E00RN_Share%20research%20update_HOLDERS_03.11.2021%20(1)&utm_content=www_hl_co_uk_shares_share_3&theSource=&Override=1&sp_mid=70824581&sp_rid=bWFya2hvd2VzQGJ0aW50ZXJuZXQuY29tS0

I didn't hear it that way. As they said (I think) they can't say when cases will settle so they thererefore can't say what revenue will be for the next quarter or next half which (I think) is what is generally considered to be "guidance".

Andrew Forrest, previously of Fortescue Mining ; starts 2’ 10” in.

https://www.bbc.co.uk/sounds/play/w172xzlhnsfqvmt

Update today - I did wonder what casued the spike in SP

I don't understand - they're that good friends but Boris can't sweet talk him into giving the Green Hydrogen deal to ITM (a British company based in the North) ;-)

Well I did expect multiple announcements over the coming couple of weeks but have to say I read this with some disappointment.

Yes, it may be true that a rising tide lifst all boats but an English company buying green hydrogen from the other side of the world.

Pictures last week of Boris refueling a JCB machine along with Lord Bamford. What on earth were they talking about??

bilbo - do you not think that they might well be waiting for all the media attention of COP26 as being the ideal opportrunity to suddenly announce signing of multiple contracts?

Presumably if they're not "signed" then they don't have to announce.

I know I'm naive but that's what I'm pinning my hopes on.

https://magazinebailliegifford.com/trust43/fueling-the-future/?utm_campaign=trust-newsletter-1021&utm_medium=email&utm_source=marketo-individuals&utm_content=fuelling-future-article&mkt_tok=MTM4LVhJSi04NjcAAAGAakAbwPWZbueB7K9FLuPs6FyJSgsSzJ8VbvrOLtnneECN9AAkzq11BYXehbcDtCKOUxsTQC61Dl5ZnoQbg9k8F5hH9EVNrEPcF8KkuQFg

Classy.

https://www.investorschronicle.co.uk/education/2021/10/25/fever-tree-a-lesson-in-glamour/

Tipped by Questor today as one of four funds to insulate us from market swings:-

https://www.telegraph.co.uk/investing/shares/questor-complete-wealth-preserver-portfolio-four-funds-insulate/

I'm pinning my hopes on the idea that they will be waiting until COP26 is underway to announce new contracts.
Surely ITM and their customers in the wings are going to want to make the most of all this attention on what's happening in Glasgow in just over one week's time.

They must have fairly solid idea of impending orders to have announced scaling up from 1GW to 5GW.

Or am I being over optimistic (again)?

https://citywire.co.uk/investment-trust-insider/news/baillie-gifford-s-top-uk-picks-for-the-hydrogen-revolution/a1571380?re=90361&ea=29217&utm_source=BulkEmail_Investment+Trust+Insider+Daily&utm_medium=BulkEmail_Investment+Trust+Insider+Daily&utm_campaign=BulkEmail_Investment+Trust+Insider+Daily

Ah well Mazzno - I must need new glasses then because I read City AM quoting Rob Pitcher as saying "“One week we have a problem with fresh fruit and veg – the next it’s ‘is all the vodka turning up?’”

Obviously, as a holder of the shares I'm hoping that you're right and it's simply a journalist making mischief and that there is no problem whatsoever.

Here you go Mazzno - https://www.cityam.com/bar-staff-worry-about-vodka-deliveries-amid-driver-shortages/

https://www.ft.com/content/29b31d4b-6b71-4cef-8f1d-236904e2e6b8

Graham Cooley says ...........As a result its tender pipeline had exploded.

“Demand in the market is very, very strong,” he told the Financial Times. “We will rapidly need further capacity”.