Member Info for shandypants2

One of the 1.35m trades was reported late, however, looking at the times they are only a few seconds apart. IMHO it looks like a cross trade - an in and out at the same price. This would explain why there was no movement in the SP

Big Gun, Revolution which is by far the biggest brand is aimed at 18 to 30s. In 2022 they were refurbishing bars and opened 2 new ones (Preston and maybe Exeter off the top of my head) despite the concept clearly struggling. The de Cuba spin off is aimed at a slightly older crowd and seems to be doing a lot better.

RBG has specifically called out the increase in minimum wage as having an impact, however, surely this will impact it's 18 to 30 year old target group too.

Peach was only bought a year or so ago and is aimed at a higher socio economic group (mains are c £20 each etc) and is a stand out performer.

Please stop. You ruined the ADVFN board many months ago with your incessant posting, and you are doing the same here.

For a bloke who doesn't hold, posting on a weekend and at all times of the day is madness. It's the same 3 or 4 points just constantly repeated.

Please stop and get yourself some help.

Agree. Profits of £5.4m expected in 2023 and £6m in 2024. Using a conservative PE of 10 that's almost 100% upside.

Hopefully the first of many.

Shame the company allowed Morley and Co to buy the security arm with c10% upfront payment and mates rates loan fees. Was hoping the war chest would be bigger. Hopefully the payments will start coming in as expected from March/April this year.

Yep, have to agree i suspect the legal teams are only back to day, or at least the senior ones.

So whilst it could be announced at any time i suspect week commencing 15/1 will be the earliest.

A trading update is expected in late Jan so it could coincide with that as if the Energy Mgmt division has grown by another 10 or 20% in the last 6 months i would expect that to influence the sale price.

Personally i suspect they will want to keep the 2 separate so i'm expecting the sale to be announced first.

The Management division also includes Beond which was purchased in Dec 2020 for c£3m. The £21m Utility Team purchase was for £15.8m upfront and another £5m based on performance.

c£11.5m was paid in cash (funded by a placing at 15p) and the remainder was paid in shares, priced at 24p.

Of the extra £5m i believe the only additional payment was c£1m in extra shares, also at 24p (issued in Aug 2022).

Since the acquisition revenues have grown c20% each year.

The revolution brand seems to be the main issue and yet post covid loads of money was spent refurbishing these bars. Why?

These bars are meant to be focused on a younger crowd and students. Previously we were told these youngsters were less impacted by the cost of living as they don't have mortgages etc, now they are the most impacted according to RBG.

I have no issue shutting bars not making a profit - the Wilmslow one always looks dead, maybe it should have been done earlier.

Playhouse is a new concept so a bit concerning that is closing.

Peach is a great brand - the one in Bedford, the Embankment, is not cheap but is always quite busy and food is good. It also does B&B. However, buying this using the overdraft at a time of rising interest rates was madness.

CEO still gets his £400k basic despite all his poor calls though.

Yep 26/1 last year so expecting similar timings this year. Was hoping a few 2024 share tips would include JUST as it seems massively undervalued. If we repeat H1 performance operating profit will be c £350m and the company is valued at less than £900m. Surely a ridiculously low valuation.

Whilst the losses are still massive i think they made a small EBITDA surplus in H2 as the loss in H1 was £3.8m and they have just reported a EBITDA full year loss of £3m.

Cash still seems to be burnt far too quickly. At end of H1 they had c£5m , in July they raised over £8m in a placing at 65p and later sold Vertus, although not sure if this money has been received yet.

They are now saying c£9m cash although a % of this is restricted. They burnt through c£5m in H1 and it appears maybe £4m in H2.

Yes, an unexpected RNS plus some decent share tips for 2024, including the Times has given the SP a bit of upwards momentum. Back in 2021 both CF and Buckley bought large amounts at 26.5p.

Obviously any good news is always accompanied by the clown repeating the same old sh*t.

Good luck all LTH.

Looking forward to the trading update in the next few weeks.

So if 2025 profits are expected to be $22m (so c£18m) based on a conservative PE of 10 that's a valuation of c23p a share. A more realistic 20 PE is 46p. We can hope/dream

Looks like the Friday SP price action has already corrected itself. Being quoted over 7p to sell now. Still a silly price under 8p IMHO as that only values the whole company at c £30m and we know we are in advanced discussions for a part sale in excess of £30m. So how much for the whole company - £50m?

I suspect news anytime from Monday 8th Jan.

Sorry got carried away - yes a £50m short term valuation is c29p a share, not 50p. However, even that is c 70% higher than the current SP.

Ignore the clown - he's been pushing TLY when it was over 30p, now 5p!

Says HVO has no growth but quotes, £50m rev increasing to £55m to £60m - looks like 10% YoY growth to me - not massive i agree but not insignificant.

What he fails to mention re growth is the EBITDA - 2021 £2.9m, 2022 £9.1mm 2023 maybe £12m??

Cash was £15.7m at 31/12/21 and grew to £28.4m on 31/12/22. Cash will clearly go up and down on a daily basis so a small dip is clearly not an issue, especially as some costs re the new facility will be paid upfront and maybe invoiced to clients later.

As for Mo's options. They can be both generous for him and also insignificant for the company as a whole (c 1% of the shares in circulation ) , but the clown can't get his head around this . The fact they mention they can be exercised if there is a takeover speaks volumes IMHO as CF has always stated that is his aim for HVO/OO.

Finally he was posting repeatedly on new years eve on here and both ADVFN. Get a life

Have to agree - and short term, based on current trading a 50p valuation, c£50m valuation, seems quite conservative IMHO.

I'm hoping for a really impressive Jan trading period covering the last 6 months. For example, Oxford St only opened in late Nov last year and was impacted by at least 2 train strike weekends last Dec. This year it will have been able to organise a lot more corporate events and there was only 1 strike day impacting London this December. This store must be doing £10k to £20k per week so even with high rents this will be making a material improvement to both revenue and profits.

At H1 Boom did £11.3m revenue, it would be nice to see maybe £25m for the full 12 months. Add maybe £13m for Escape Hunt (c£10m in 2022) and that's another year of impressive growth.

I think the late report 390k trade at 7.05 was a sale and it appears MM didn't have the stock to fulfil the order, hence the sudden drop. I think the low volumes didn't help.

Just before the end of the trading day i couldn't buy more than 1,000 shares at 6.9 (not enough stock available) and could sale at 6.73 so i think the drop was already correcting itself.

There is no way things are off track re the sale as the legal depts etc will be closed over the Christmas period so if there was to be an issue it would have been known before the xmas break.

The fact that there were big purchases during this period gives me confidence that all is on track.

Wow - check out the late reported trade , 900k shares.

This is still valued at a little under £30m, despite the recent rise, so still a decent way to go IMHO.

7p smashed, however, a lot of blue sky ahead for further increases.

The late buys on Tuesday and again on Thursday would strongly suggest this. I suspect the sale is now agreed but contracts need to be reviewed by legal teams etc. With the Christmas period it appears this will now slip into the new year, however, i remain very confident.

I am very surprised the share price hasn't risen more. It was massively undervalued at less than £20m, weighted down with short term funding concerns. I think the LUCE share purchase has already resolved these issues so i think that deserved a re-rating on its own.

The sale of the management division for 'in excess of £30m' whilst not guaranteed again shows how low the current valuation is.

There is a strong argument that the remaining business is of similar value, however, even conservatively valuing it at half gives a minimum overall valuation of £45m(c12p a share).Even factoring in the sale not materialising (there is more than one interested party BTW) and maybe short term reducing the overall company value to £30m that is still 7.8p and c15% above the current share price.

When the news drop i predict a minimum 50% daily rise. It could be more if the sale is for more than £30mand the last 6 months trading shows continued growth.

Good luck all LTH and have a relaxing break