Small Cap Value Report (Tue 2 Oct 2018) - RBG, TET, SCS
This is what I intend reviewing today;
Revolution Bars (LON:RBG) (in which I hold a long position) - preliminary resultsTreatt (LON:TET) - trading update
SCS (LON:SCS) - preliminary results
DX (Group) (LON:DX.) - preliminary results - sorry, I ran out of time, so didn't get round to looking at this after all.
Revolution Bars (LON:RBG)
Share price: 123p (down 1.7% today, at 10:16)No. shares: 50.0mMarket cap: £61.5m(at the time of writing, I hold a long position in this share)Preliminary results
Revolution Bars Group plc ("the Group"), a leading UK operator of 76 premium bars, trading under the Revolution and Revolución de Cuba brands, today announces its results for the 52 weeks ended 30 June 2018.
Where to start with this?! This is a classic case of a share where some investors will see negatives, and others (including me) see a turnaround opportunity, with the negatives already priced-in to the share price.
Larger competitor, Stonegate, tried to buy RBG last year, with...