New management has put in place a strategy which the February interim results revealed was returning the group to growth with very encouraging LFL statistics and attractive returns on refurbished outlets. In March, however, in response to COVID-19 and following UK Government guidelines, all venues had to be closed. Management initiatives have materially reduced the cash burn while the group is unable to trade, and the group’s lender has been very supportive in significantly increasing t
05 Jun 2020
Revolution Bars Group - Proposed equity fundraising and move to AIM
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Revolution Bars Group - Proposed equity fundraising and move to AIM
Revolution Bars Group Plc (RBG:LON) | 1.6 0 0.0% | Mkt Cap: 23.2m
- Published:
05 Jun 2020 -
Author:
Mark Paddon | Michael Clifton -
Pages:
7
New management has put in place a strategy which the February interim results revealed was returning the group to growth with very encouraging LFL statistics and attractive returns on refurbished outlets. In March, however, in response to COVID-19 and following UK Government guidelines, all venues had to be closed. Management initiatives have materially reduced the cash burn while the group is unable to trade, and the group’s lender has been very supportive in significantly increasing t