Rank Share Discussion Threads

[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.


free stock charts from www.advfn.com


Grizzly xx

[grizzly bare] 28/10/2009 15:31

Well at the moment very encouraging with the ftse 250 down over 3% .....at the moment .....Rank are up 2% !!!!!

Dont know why other than technical bounce.

Will it last or will we rollercoaster down.

Grizzly xx

[grizzly bare] 28/10/2009 10:00

Very rocky start but seems to have pulled back.

Grizzly xx

[grizzly bare] 28/10/2009 05:12

Well a real rollercoaster of a day yesterday between 82p and 88p!

I have looked again at the graph and replaced the old magenta uptrend support with a blue line for reference.

I have re-drawn the magenta line in what could, chartwise, be the revised uptrend support line. There is enough evidence to support this as it has had nearly 6 bounces from it!!!!

Lets hope so because it will be from this line that the bounce would take place, as partially evidenced yesterday.

Fingers crossed. This week could be critical. That magenta has to hold interday close or we are in trouble.


free stock charts from www.advfn.com


Grizzly xx

[scrapman] 26/10/2009 13:11

113 Griz ad we're back into shampu territory ,

[grizzly bare] 26/10/2009 11:21

Nice to see another buy recommendation. 113p would be very acceptable at the moment.

Hoping this week will see a bounce off magenta towards green.

Grizzly xx

[loganair] 26/10/2009 09:30

Interesting - Aviva's stake in Rank has dropped by just over 1% or 4m shares.

Again, just like with the Pru I haven't noticed any large trades go through to suggest that this happened last week??? When in actuality it did.

[scrapman] 24/10/2009 12:28

recent upgrades of the sector;


Gaming sector ratings full - buy Rank, says Panmure Gordon
Business Financial Newswire
Panmure Gordon has initiated coverage of gaming stocks with a neutral sector stance.

The broker says the shares are trading on an average 2010 of 11.2x and an EV/EBITDA of 6.9x, which appears full considering forecast flat to declining earnings.

'We are cautious on the prospects for UK betting shops given the recent weakness in over-the-counter gross win margin and the possibility of increased taxation on machine and OTC income.

'Our favoured sub-sector is UK casinos, where supply is static but demand is rising with attendances up 10% in the past two years.'

Rank, rated buy, offers strong positive momentum in its casino business and signs of stabilisation in bingo. While the e-gaming business is underperforming, the broker believes there is significant upside potential from cross-marketing opportunities with the group's offline customer base.

Recommendations:

Rank - buy, price target 113p

Ladbrokes - sell, PT 112p

William Hill - hold, PT 164p

[loganair] 24/10/2009 09:32

Looking at the graph from ADVFN, I do not know where they got the sudden fall in the Share price??? If one looks at the actual end of day buy and sell trades go through they were going through at between 89p and 89.5p and not the 86p to 87p as being shown on their graph.

[grizzly bare] 23/10/2009 16:45

Ok so now we have an 'interday' close at last hitting the magenta line .....with our popular Friday afternoon collapse. The ftse250 is at exactly the same point.

Will next week see us bounce off magenta towards green ....OR will it see us break down through the magenta support ..........which would not be at all good!!!


free stock charts from www.advfn.com

Grizzly xx

[quidnunc] 23/10/2009 11:16

It does all seem very tucked up from the trading though.

[scrapman] 23/10/2009 09:26

Griz , at the risk of going over old ground but with not much else going on at the moment ,

I was wondering how the takeover panel are happy with Guocos position , with their existing 28%+ the "letters of intent" combined obviously push them over the 30% mandatory bid level so it looks like a done deal , not very free market really is it ?