Good morning, it’s Paul here with the SCVR for Weds. Apologies for yesterday’s report fizzling out, I’ll finish it off today amp; flag here when that’s done. Estimated timings today – I’ve earmarked the whole day for SCVR-writing, so this amp; yesterday’s report should both be finished by 5pm. Revolution Bars (LON:RBG) Share price: 71p (up 4%, at 09:10) No. shares: 50.0mMarket cap: £35.5m Interim results This is a UK-based premium, late night bars group, trading as Revolution, and Revolucion de Cuba (the latter targets a slightly older demographic than the main brand). It currently has 74 branches. There’s a neat summary at the start; Like-for-like2 sales positive, Adjusted1 EBITDA higher, debt reduced, on track to meet expectations Background – I’ve written a disproportionately large amount about this share in recent years! We had the excitement of a 203p cash takeover bid for the company in autumn 2017, which then fell through. The share price lost two thirds of its value by the spring of 2019, and flat-lined for the rest of the year. Recent signs of life have been snuffed out by coronavirus worries – investors worrying…
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