Rank Share Discussion Threads

[grizzly bare] 10/11/2009 04:43

Daily chart.

Maybe a bit of sideways trading for a while but no clear pattern yet formed.

Closed at 85.5p.


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Grizzly xx

[grizzly bare] 07/11/2009 00:28

Close of play for the weekend



Grizzly xx

[grizzly bare] 05/11/2009 16:48

Well down 3.5p at the close to 86p. Continues to be volatile. Below magenta support.



Grizzly xx

[loganair] 05/11/2009 09:46

Hi Grizzly - Does your selling mean that you're saying bye-bye to this thread? or will you have a look in now and then just to see whats happening?

As for me, it looks like I'll hold on to the bitter end. With Genting paying an average of between 90p and 100p per share for their 11% stake at that price they must think there is some value and with BT/Hermes and most of the Pru's stake being off loaded, a combined 18% of Rank, and not appearing any where and Guoco picking-up 28% of Rank with a yet no return on their stake as no dividend has been paid by Rank, I think Guoco will eventually make the long awaited bid.

[inv] 05/11/2009 09:03

no bid until they meet early december. Then we shall see some action

[scrapman] 04/11/2009 11:38

Thanks for the update Griz , glad I asked first ,

I had heard this am that there was "news imminent" have been trying to find more out , but as yet unsubstantiated , and can't be sure if there is something in it if it will be good or bad news .

or just the fact the you have got out !!

Good luck

[scrapman] 04/11/2009 10:35

anyone hearing anything on any announcements being due out ?

[grizzly bare] 03/11/2009 17:26

Ouch. No looking good. Magenta support broken. Where are we going now?


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Grizzly xx

[grizzly bare] 03/11/2009 08:40

Well we are down at 84p at the moment well outside the magenta support of the uptrend channel.

Can we recover before the end of the day and get back in that channel?

Grizzly xx

[grizzly bare] 02/11/2009 06:11

And here is the past 5 days intraday rollercoaster trading with a 10p range. Market makers cant seem to work out what the price should be ....83p or 93p!


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Grizzly xx

[grizzly bare] 31/10/2009 05:01

Chartwise this is how we stand for Monday morning.


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Grizzly xx

[scrapman] 30/10/2009 10:05

Nice website Griz , good luck with the business, never get up to Udon , so unlikely to take you up on the offer ,!!

[grizzly bare] 30/10/2009 09:52

Well nobody piling in to buy stock. I hope we dont hit that magenta line again at close.

Grizzly xx

[scrapman] 30/10/2009 08:57

Poor start again , wish the rumour mongers were a bit more effective !!

[grizzly bare] 29/10/2009 15:05

Back under 90p. Rollercoaster ride continues .....market makers can't make up their mind it seems. Well at least I banked my daytrade profit while it was still there.

Grizzly xx

[scrapman] 29/10/2009 14:44

don't think the volumes are sufficient for it to be bid talk , may be a leak on the VAT news perhaps ?

[grizzly bare] 29/10/2009 13:58

Looking good ......92.7p.

Somebody seems to think something is happening.

Grizzly xx

[grizzly bare] 29/10/2009 12:16

Well I've closed my previous day trade buy at 90.6p and pocketed 350 quid net.

I'd have run it further but I am already too exposed to Rank!

Grizzly xx

[scrapman] 29/10/2009 11:07

What do you think about the rumours Griz , no smoke without fire , or smoke and mirrors , .

As much as I want to believe it I think the lack of activity in the trades gives the game away

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

Just in case anyone is interested:

Vague bid rumours excited Rank, the UK's second largest casinos group. The shares touched 90½p and closed 1.95p better at 89.55p on revived chatter that 28 per cent far eastern shareholder Guoco Group is at last lining up a cash bid.

Guoco is controlled by Malaysian billionaire Quek Leng Chan's investment holding company Hong Leong Berhad.

Read more:

[grizzly bare] 29/10/2009 08:21

Yesterdays price increase against background of market decline was reported in the Daily Mail as being the result of "vague" rumours of an impending bid from Guoco.

Grizzly xx

[grizzly bare] 28/10/2009 17:07

Well a strong bounce off revised magenta uptrend channel support against a 3% drop in the ftse 250. My short term technical day trade buy at 86.3p still ok and open. Will I live to regret it?. Other holdings long term.

Rapid accent to green please! Dont test magenta again!!!! The weakness in the ftse 250 is a worry though.


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Grizzly xx