Rank Share Discussion Threads

[quidnunc] 30/9/2009 17:13

Hard to see why Guoco would make a move now when they could have done so about 30p cheaper.
Other than to block or spoil another party.
Q.

[grizzly bare] 29/9/2009 17:00

Well here's the state of the revised uptrend channel as it presently stands.

Downside risk should be limited to the magenta line bottom support.

But lets hope we have another rocket like lift-off if Guoco are ready to make a move.


free stock charts from www.advfn.com


Grizzly xx

[scrapman] 29/9/2009 15:25

Hi Logan , thats what I am getting at , it is these large trade days that seem to be slipping through the system

[scrapman] 29/9/2009 14:37

Just thought it may make a bit of a story on a low news day ,

how the figures seem to be very vague around the disclosure marks ,

and as Logan points out when there has been a notice of a reduction in holdings there is not a corresponding increase by someone else

[scrapman] 29/9/2009 13:46

what about your chum at the newspaper Griz , any chance of him having another look at it ,

seems like journalists seem to be able to find out far more than mere investors can

[loganair] 28/9/2009 09:40

So far this morning already 2 x 100K 'O' Buys have gone through, so there is someone out there wanting to pick-up big chunks of Rank stock.

[loganair] 28/9/2009 09:18

Hi Grizzly - Major shareholders - What ever happened to the 12 1/2% which was owned by BT/Hermes?

When BT/Hermes were selling down, they were reducing at a rate of 4m to 6m shares a day in 100k to 1m volume each trade. Therefore this strongly suggests that it was not Private share holders who were picking-up the shares but institutional holders.

Therefore I still include this 12 1/2% as held by institutional holders and are therefore not available in Free Float.

[grizzly bare] 28/9/2009 05:14

Logan - it is certainly reassuring to see such low stock on loan figures continuing. Where do you get them from now that ADVFN have stopped their CREST service?

Despite the kick in the teeth from Browns April Budget (which badly knocked the share price) the Rank Management have shown sound evidence of putting in place positive measures to counteract all the bad news of the last couple of years. The half year report seemed very encouraging to me for future development and I would be very suprised if the 8th Oct interim report doesnt build on this picture.

When Goldman Sachs (who must know more about Rank than anybody apart from the Rank management!) recommend BUY it seemed pretty positive to me.

The major shareholders figures got very high at one point and the free float looked to be about 10%, but after the clarification of the double counting of the Guocco/Goldman holding and various RNS diposals of above 3% holdings, the Rank website doesnt seem to indicate major shareholders with over 3% being at that high level any more!? Of course there could always be a few with 2% - 2.99% who dont need to disclose and certainly as we know one large holding disappeared almost overnight with no corresponding RNS to show where it had gone!

Always happy to hear your thoughts.

Grizzly xx

And finally ....... after Friday what will today bring?!!!!! Maybe a nice Monday morning bid from Guoco.... they must surely be close to 29.99% by now.

[loganair] 27/9/2009 10:49

Hyper10 - I doubt that very much as 90% of Rank shares are LONG in the hands of only some 10 institutional holders and secondly as of last month there were only around 2 1/2% of Rank shares on loan, one of the lowest of any share in the FTSE350.

And yes, after such arise in the share price there is normally a correction, for what ever the reason was for the rise in the first place and not just because shorts were closing out their postions.

[hyper10] 26/9/2009 20:44

I think it is short positions closing out that caused this rise, hopefully it holds but if the price corrects a bit on monday then it is likely to be this.
The big question if it is the above why they are closing out

[grizzly bare] 26/9/2009 12:06

Looked at The Times this morning and missed the article!

Think you could well be right Logan. A return to paying a dividend for the second half is a possibilty now that so much bad news is behind us.

I would love to think that Guocco are about to bid though!

I hope that Fridays gain is consolidated and built on in next weeks market.

Fingers crossed.

Grizzly xx

[loganair] 26/9/2009 09:26

The only comment I can find is in todays Times:

Rank Group, the Ten's most consciously contrarian pick, has begun to look less of a gamble: shares in the bingo and casino operator, down 6 per cent in June, are now up 22 per cent. July's interim results conveyed a clear improvement in trading, with a better than expected showing by Rank's regional casinos prompting upgrades to profit forecasts. Next month's trading statement, due on October 8, should hopefully maintain that trend.

--------------------------------------------------------------------------------

Just a thought-If the upward trend in profits for Rank continues there could be the possibility of Rank paying a small dividend this time round (for the second half of this year) which could be the reason for the sudden jump in the share price.

I recall when Cookson announced a returned to paying a dividend their share price jumped 25% in a week.

Also I think we need to consider the fact that the down side pendulum, when all the bad news (smoking ban, the budget, loss of high-end slot machimes etc) as usual just went too far and the share price is now in a reajustment phase back up to a more realistic level.

[loganair] 25/9/2009 17:44

£1 by Christmas, revision to a possible £1 by the end of next week. About a 10% rise with no real volume???

All I can say, lucky I've held on and haven't sold any of my holding in Rank, but still some way to go for break-even.

[contrarian2investor] 25/9/2009 16:19

Hi fellow long-term sufferers,

Could todays actions point to imminent action?

c2i

[scrapman] 25/9/2009 09:25

hope you had a good trip griz , I just got back from los last week , travelled Etihad for first time , was quite happy with the service.

Can't blame Guid for cashing in a bit , but since I've had these weldeed to my side for so long I am reluctant to let them go , bad investment practice for sure.

Just a thought on the the recent uptick , I wonder if there may be a bit of leakage about the VAT refund and a few of "the boys" getting in early , seems volumes are a bit better last few days

[grizzly bare] 25/9/2009 06:33

Yup we sure have suffered ...but not as much as if we had held shares in the financials thank God. Cant blame u Guid for offloading a chunk after this comeback. I am sure you wont be alone.

But yesterday Rank still blue in a sea of red and the uptrend channel is still intact.

Would like to see 100p Logan but I think this will only happen if we see a bid materialise from Guocco or the ftse 250 keeps om climbing as it has. Heading now into October which has often proved to be a problem month.

I seem to recall we have an interim management report on 4th Oct and this will have a baring on the share price. Lets hope the company is continuing to make good progress.

Grizzly xx

PS Now in Bangkok.

[guidfarr] 24/9/2009 17:49

well i've sold quite a chunk - i'm just tired of it moving up and then going down again - at least now the long term trend seems up, might buy again if it goes down a bit. we have suffered a lot on rank haven't we grrr.

[loganair] 24/9/2009 17:39

Any thoughts of £1 by the end of the year??? or am I being too optimistic.

[guidfarr] 22/9/2009 20:54

looking good isn't it ;)

[grizzly bare] 22/9/2009 16:45

Well nice finish today at 82p.

I'm off to get the train to Heathrow right now for flight to Bangkok tonight.

Grizzly xx