Value15 Apr 2020 07:53
The current sp represents a market cap of just above £10m. Shares were trading at 91p 3 months ago. What is astonishing was the fact that I felt with the volume of buying, which was throughout the session we only went up to 21p. The 2 holdings RNS’ give us a clue why. Now the seller has completely cleared it now raises the question who was buying - the size of the trades were significant. I appreciate CV has decimated value across the board, but I strongly believe a bounce of say 100-200% is risky achievable. Volume again will drive this higher and when we finally do come out of lockdown I think Revolutions will be a winner. Bar performance will no doubt be better compared to year on year metrics, simply because people will want to finally be out of the house, meet their friends and have a drink and eat food. Expect it to be like the lead up to Xmas for the next 2/3 months, which coincides with end spring/ summer which is peak season for the RBG group anyway. I also think fewer people will be flying out of the uk when lockdown is lifted and will rather focus on domestic breaks within the uk.