Updates

Revolution Bars

July 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares fell after Revolution warned unexpectedly higher costs from wage and property rates inflation, a slow-down in underlying sales, the temporary closure of two larger sites for major refurbishment and lower than expected profit maturity on new Revolution de Cuba sites means adjusted EBITDA will now be level with last year.As a result, Numis has cut forecasts and expects EBITDA of £14.5m year to June ’17 (eps: 10.5p), with £16m EBITDA (11.7p) expected in the year about to start.It’s disappointing although the share price reaction, falling to a low of 103p, looks overdone. Some bargain hunting institutional funds such as Artemis have taken stakes at the lower levels, perhaps noting the group has ...

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SSP Group

B&M European Value Retail - Increases UK store target to 950

Revolution Bars (April 2018)

Revolution Bars (September 2017)

Revolution Bars - Accelerating roll-out (April 2017)

Revolution Bars - Four new openings in H1 (March 2017)

Revolution Bars - High street bar chain enjoying 38-54% ROCE on new openings (December 2016)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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