Rank Share Discussion Threads

[scrapman] 23/11/2009 09:44

Logan , why do Guoco , not just get on with it do you think ,

allowing that the forward agreements that Griz mentions are RNK then it is allready a done deal ,

[grizzly bare] 23/11/2009 05:21

Guoco Accounts

The Group has entered into forward agreements to
purchase certain listed equity investments at a fixed
price. According to these agreements, the purchase
commitments of the Group will be terminated when
the market price rises to a pre-determined level.
Such equities are principally for strategic purpose
and held as available-for-sale financial assets. As at
30 June 2009, the outstanding notional amount of
these forward equity purchase contracts was HK$235
million.

Grizzly xx

[grizzly bare] 23/11/2009 04:13

Guid - Goldman Sachs have been manipulating markets for ever... they are The Masters!



The Pre-Budget Report is one of the two economic forecasts that the Treasury is required to deliver to Parliament each year, the other being the annual Budget.

The PBR includes a report on progress since the previous main Budget (generally made in each March), an update on the state of the economy and the Government's finances, and announcements of proposed new tax measures.

Grizzly xx

[guidfarr] 22/11/2009 13:52

but that would be manipulation / interference - which is difficult for me to gulp!!

anyway coming back to the bigger picture - the budget date is 9 December - i thought that in the UK they have already made the budget in April or do they have two dates for the budget? can this adversely affect us?

[loganair] 22/11/2009 12:14

guidfarr - Goldmans would not have to sell shares, imo - they would only need to tell the mm's to reduce the share price and it would happen. Every time the share price suddenly drops a few of the weaker private share holders sell allowing Guoco to pick-up another 1%.

IMO - Goldmans instigate the drop in the share price.

As I keep mentioning what ever happened to the 18% sold by BT/Hermes and the Pru. If one add this to Guoco's 29%, Genting 11% + the pru's 4% would give Guoco a total of 62% of Rank. If one were also to include Barclays 5% and Aviva's 3% would give Guoco just over 70% of Rank. If one includes the other notifiable share holders that would bring the total to around 80%.

I include Barclays as they only brought their 5% well after Guoco started to build their stake. Why would Barclays buy 5% of Rank especially considering they have not recieved a penny in dividend income.

[guidfarr] 21/11/2009 12:02

hmm but how could they depress the share price? if they sold shares to increase the supply that would reduce their holding....the only way i can think of is through short cfds and the crest loan data for Oct is 4.98%

[loganair] 21/11/2009 09:41

If one takes a careful look at the share price, around the 12th November the share price dipped below 80p and would have been the time that Guoco went through the 29% mark.

IMO - Goldmans may want to push the share price as low as possible so Guoco can pick-up as many shares as possible at as low a price as possible. Remember Guoco can go above 29.99%, but once they've done so much make a full bid for Rank.

Therefore it is possible to see an RNS stating that Guoco have well over 30% of the share issue of Rank.

Grizzly or any one else, do you know what the time limit is between going over 30% and the need to make a full bid?

The Why is because it is believed that once company A owns more than 30% of company B, company B loses it's economic independence.

[grizzly bare] 21/11/2009 05:49

76.35p close.

Where coulds the next support be? Ultimately blue line!

But looks like there could be support between 73p and 77p for a while.

If we hit blue line I will come back in at that point.


free stock charts from www.advfn.com


Grizzly xx

[loganair] 20/11/2009 17:28

With Guoco holding 29%, Genting 11%, the what ever happened to the 18% owned by BT/Hermes and Pru, I think Pru still hold around 4% and Barclays 5%, plus the other notifiable share holders still means there is quite a small free float and the between 20p to 50p per share which Rank may get returned because of the VAT issue - What do we see!!! Ranks share price goes up and down like a yo-yo.

[grizzly bare] 20/11/2009 12:14

I really dont know. Hit 74p. Stinks of Goldman Sachs!

Grizzly Xx

[guidfarr] 20/11/2009 12:09

what's going on here - a fall on very low volume?

[grizzly bare] 20/11/2009 02:46

New closing low 78.9p

Still no evidence that recent decline has bottomed.



Grizzly xx

[grizzly bare] 19/11/2009 13:39

Yes I think the Management seem to be on track and things going in the right direction for Rank at last.

My fear is not so much Rank itself, but the chance of the ftse going into reverse if the market decides the recent recovery is a false dawn and drags Rank with it. Having nearly lost a packet once with Rank I am reluctant at the moment to go there again.

I am reviewing the position daily and if Guocco pounce while I am sitting on the fence so be it ....at the moment its a case of a bird in the hand.

Grizzly xx

[guidfarr] 19/11/2009 12:49

don't have an idea on the flu - I feel that all this rumours about the flu are far-fetched really - it is not much different from influenza... I do like RNK's management strategy though - they seem a bunch who know what they're doing on all fronts.

[grizzly bare] 19/11/2009 03:04

Guid - your wish is my command. Done.

Good luck with your punt.

I unloaded my 90,000 at 88.5p which was break-even for me. Just happy to get my cash back after heavy potential losses at one stage.

Just sitting on a re-purchase of 20,000 at this stage.

If I miss out on a bid, then I miss out.

I dont really understand why the share has dropped back to 80p. Have attendancies been hit by flu?

Grizzly xx

[guidfarr] 18/11/2009 15:40

piled up another 10k that makes it over 70k now! will someone add the three rank's site to the header?

bluesq.com
meccabingo.com
gcasino.com - this last one is very nice as well ;P I wish 888 would take up some of this design talent!!!

[guidfarr] 18/11/2009 13:17

well guys i'm back in with a 60,000 at 80.40 and looking to make a few k's now - the guoco 29.02% increase is a huge buy signal for me. At least now I got them at around 80p instead of 86p - hopefully i'm not in for another round of suffering - rank as a stock hasn't treated us very well in the past.

[guidfarr] 18/11/2009 13:15

'Vindictive' government attacked on bingo taxation
OUT OF TOUCH
The UK's Labour government has been labelled vindictive and out of touch with its working class roots during a Parliamentary debate on bingo taxation. The blistering attack from Tory MP Philip Davies came when he questioned the motives behind the increase in bingo tax to 22 per cent in the last Budget. He argued that increased taxation will lead to more club closures, with 29 ceasing to trade already this year, and the consequent devasting effects felt by the communities they served.

[grizzly bare] 18/11/2009 05:00

Guoco go to 29% and it ends up going down! Crazy.

Grizzly xx

[scrapman] 17/11/2009 11:41

well well , wonder if that was anything to do with my 1325 post , seems a bit late ,

=============================================

Has there always been this many sub companies on the previous holdings announcements , any one know ?;
====================================


The voting rights in the shares are held by Asia Fountain Investment Company
Limited ("AFI"). AFI is a controlled undertaking of Guoco Equity Assets Limited,
which is a controlled undertaking of Guoco Group Limited ("GGL"). GGL is a
controlled undertaking of GuoLine Overseas Limited which is a controlled
undertaking of GuoLine Capital Assets Limited ("GCAL"). GCAL is a controlled
undertaking of Hong Leong Company (Malaysia) Berhad.


;

[grizzly bare] 17/11/2009 07:16

One year chart drawn using 5 rebounds off green and possibly 5 rebounds off magenta? Will magenta hold?


free stock charts from www.advfn.com


Grizzly xx

[scrapman] 16/11/2009 10:59

yet another lack lustre start to the week , any prospects of any good news in the foreseeable future ?

[grizzly bare] 15/11/2009 05:36

Close at 80p for the weekend.

No logical reason for further decline ..but logic has never prevailed with this share with Goldman Sachs calling the shots.


free stock charts from www.advfn.com


Grizzly xx