Posted by Firewire on 14/May/2001 at 13:25:
Research from Customs and Excise indicates that vodka is the only spirit the British are drinking more of, with a 10% increase in consumption between 1992 and 1998.
Now this can only be good news for Bar Revolution aka Investive Leisure (IVL) who have 19 bars across the country offering.....
* Over 60 imported premium vodkas from across Europe, including...
Absolut, Absolut Citron, Absolut Kurant, Absolut Peppar, Monopols, Moskovskaya, Okhotnichaya, Belvedere,
Blavod, Chopin Polstar, Cucumber, Pieprzowka, Polish Pure Spirit, Cracovia, Cytrynowka, Czarna Porzecska, Sibirskaya, Sliwowica, Smirnoff Black, Extra Zytnia,
Finlandia, Goldwasser. Smirnoff Blue, Soplica, Starka,
Jarzebiak, Krepkaya, Krolewska, Stolichnaya, Stolichnaya Cristall, Stolichnaya Raspberry, Stolichnaya Orange, Stolichnaya Vanilla, Krupnik, Kubanskaya, Luksusowa Starka, Tigoda Cranberry, Tigoda Russian Jeweller, Lanique, Lanique Rose Petal, Lanique Rebeka Kosher, Viru Valge, Wisniowka, Zubrowka, Wyborowa, Wyborowa Peach, Wyborowa Melon and Wyborowa Pineapple.
Of course you may be after a little more fun - in which case you may be tempted by one of the exclusive range of 30 infused flavoured vodkas produced at their own Vodka Factory in Manchester (i.e. Higher Margins). And what a set of flavours it is too, including a number of chololate flavours, e.g. Honeycomb chocolate, a number of spice flavoured vodkas, including the famous deadly Chilli pepper vodka, a number of fruit flavours - melon, Black cherry etc.. and a number flavoured like sweets such as Glacier mint of Rhubarb & Custard.
You may instead go for one of their selection of different martinis, one of their impressive long mixed drinks or maybe one of their splendid vodka pitchers, served in a jug to share with your mates!
Of course you could always be a ludite and opt for one of Revolutions range of fine Eastern Beers, or even more boring get a Fosters for yourself and a Breezer for the lady.
The choice is yours!
If you visit before 7 you may also want to satisfy those hunger pains. Revolution offer a range of light snacks or full hearty meals, including a range of russian specialities including their world famous goulash and borsch.
Is it any wonder the Revolution in Bristol is always packed out and always provides a great time - a friendly atmosphere, good music and even room for a jig.
Little wonder then that Investive Leisure were so bullish in their interims released in March....
Inventive Leisure PLC ('Inventive') is the rapidly growing bar operator that currently owns and operates 28 licensed premises, primarily based in the North
of England. 19 of these trade as vodka bars under the Revolution brand name.
Inventive floated on AIM in May 2000 at 95p.
* Turnover increased 65% to £8.56 million (2000: £5.18 million)
* Pre-tax profit up 62% to £0.94 million (2000: £0.58 million)
* Fully diluted earnings per share up 19% to 3.72p (2000: 3.13p)
* 27% expansion of the estate to 28 units with six new openings
* 5.8% like for like sales growth for the half year
* Won The Bar Chain Of The Year Award from the Publican's Chill magazine and the Retailers' Retailer Award for Best Bar Design
Roy Ellis, Chief Executive of Inventive commented:
'This year we will be expanding the estate by in excess of 30% which will be the biggest expansion of the estate in Inventive's history. The encouraging
trading performance, strong strategic focus and satisfactory opening pipeline give the Board every confidence in the Company's future prospects.'
Inventive Leisure aim to open at least 10 new bars a year for the next 5 years.
AS well as the 19 Bar Revolutions they also own 10 other licenced premises including 4 nightclubs and a live band venue.
IVL are expected to turn in EPS of 8.85p this year, growing by over 25% to 11.1 in 2002, thus putting the shares on a forecast P/E of under 14 - hardly expensive considering vast growth prospects and expansion plans.
Full year dividend is expected to be 1.5p this year rising to 1.75p next year.
In april the chairman bought 10,000 shares at 157p and 10,000 shares at 158p. Another director bought 5,000 at 154p.
Friends Ivory & Sime Group have a stake of over 6% in IVL.
At 152p i consider them a cracking buy, but of course i may have had a vodka too many. Always DYOR, this is not advice just a sharing of research. I am holding for the long term .
Firewire.
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