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Roadside Real Estate Raises £20m to Accelerate UK Forecourt Expansion

Story Highlights
  • Roadside Real Estate will raise £20 million to acquire Gardner Retail and bolster working capital, expanding its UK energy forecourt footprint.
  • The company is also buying D.A. Roberts Fuels using existing cash and option proceeds, adding a high-volume site expected to lift earnings immediately.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Roadside Real Estate Raises £20m to Accelerate UK Forecourt Expansion

Meet Samuel – Your Personal Investing Prophet

The Barkby Group PLC ( (GB:ROAD) ) has shared an update.

Roadside Real Estate PLC plans to raise about £20 million via a placing and CEO-led subscription at 60 pence per share to fund the £17.8 million acquisition of Gardner Retail Ltd and provide additional working capital. Gardner Retail’s six premium petrol forecourts in Southwest England, selling around 22 million litres of fuel and generating £33.9 million of revenue in FY25, are expected to be immediately earnings accretive and deepen Roadside’s presence in energy forecourts.

Separately, Roadside has agreed to acquire D.A. Roberts Fuels Limited for a gross £13.6 million, funded from existing cash and proceeds from an expected £14 million put-option exercise on its Cambridge Sleep Sciences stake. The DAR site, a single high-volume Shropshire forecourt with bulk fuel distribution and £80.2 million in FY25 revenue, is also expected to be immediately earnings accretive and enhance Roadside’s commercial leverage in fuel supply negotiations while supporting its UK forecourt roll-up strategy.

The most recent analyst rating on (GB:ROAD) stock is a Hold with a £59.00 price target. To see the full list of analyst forecasts on The Barkby Group PLC stock, see the GB:ROAD Stock Forecast page.

Spark’s Take on GB:ROAD Stock

According to Spark, TipRanks’ AI Analyst, GB:ROAD is a Neutral.

The overall stock score for The Barkby Group PLC is primarily influenced by its fragile financial performance, marked by operational inefficiencies and cash flow challenges. Technical analysis indicates neutral market sentiment, while the lack of valuation metrics adds uncertainty. The absence of earnings call and corporate events data limits further insights.

To see Spark’s full report on GB:ROAD stock, click here.

More about The Barkby Group PLC

Roadside Real Estate PLC, listed on AIM under the ticker ROAD, operates in the petrol forecourt and convenience retail real estate sector in the UK. The group is focused on building a scalable, income-generative portfolio of energy forecourt assets, targeting high-quality, freehold petrol filling stations with strong fuel volumes and associated retail operations.

Average Trading Volume: 66,639

Technical Sentiment Signal: Buy

Current Market Cap: £101.3M

For a thorough assessment of ROAD stock, go to TipRanks’ Stock Analysis page.

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