My son who lives in Bournemouth tells me the revolution bar in old xchurch rd is one of the happening places in town and always busy.
Any thoughts from anybody that this share price is seriously under priced at 105 today ?
The most recent Revolution Bars (LON:RBG) update suggested that the sales growth was in line with expectations, so your son's anecdotal evidence appears to agree.
The problem for Revolution Bars in their last update (7 weeks ago) was cost over-runs.
A share price will tend to follow the direction of earnings expectations so looking forwards, if the cost issue can be sorted, this share price will move up with the future sales growth.
Thank you Howard.
My thoughts as well, although this type of business can be popular one minute and then dead in the water the next.
Bit like an upmarket Wetherspoons when I checked it out. I'm well under water with this share at the moment but still hopeful of making some money out of it.
