ROAD

Roadside Real Estate PLC

Travel and Leisure First-pass screen £111m

290/1000 Overall fit

AI beneficiary 35% 15

Operating leverage 25% 44

Valuation 25% 30

Downside protection 15% 35

First-pass take

Asset-heavy petrol-station and convenience-retail consolidator with zero AI exposure. Continuing operations loss-making (£1.56m loss FY25); valuation dependent on £48m CSS put-option exercise (timing uncertain: March/June 2026, Sept 2027) and £20m equity fundraising. Auditor flagged material going-concern uncertainty.

Flags

no-ai-exposureloss-makinggoing-concernfundraising-dependentcss-option-concentrationasset-heavy-capexcyclical-sector