Rank Share Discussion Threads

[grizzly bare] 11/1/2010 18:01

Well indications now are there will be no breakout through green yet but resistance.

Looks like we are heading back to magenta at the moment!

Difficult to draw magenta precisely because of that large end of day UT trade, which I am ignoring at the moment.




Grizzly xx

[loganair] 08/1/2010 18:32

I think it's worth re-posting from James Hollins, leisure analyst at Daniel Stewart.

"In the absence of any declaration of a return to dividend payments (we assume capital will likely be put into new format roll-out rather than returned to shareholders in the short-term)."

[grizzly bare] 08/1/2010 17:14

Well we have closed for the weekend breaking through green upper resistance of recent uptrend channel.

Good sign.

Next week will confirm whether or not it is a decisive breakout!

We'll see what the press has to say tomorrow.

Grizzly xx

[grizzly bare] 08/1/2010 14:14

As at 2pm today .... breaking green at the moment. But magenta calling.


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Grizzly xx

[guidfarr] 08/1/2010 13:58

with an update like this frankly i expected a little bit more upside movement but i guess the share price needs a respite for some profit taking...

[loganair] 08/1/2010 13:14

Rank Interactive dip slows Group 09 growth 08/01/2010 - Jon Parker

RANK'S 2009 TURNOVER was up 1% on the year before, the Group's year-end results reveal.

The growth was due largely to the expansion of its casinos business, as well as the effect of tax changes contained in the Budget 2009, which increased Mecca Bingo's reported revenue but reduced its operating profit.

However egaming division Rank Interactive was the sick man of the Group, recording a 4% drop in turnover against static turnover at Mecca Bingo, which dropped managing director Simon Wykes in May, a 2% rise at Top Rank Espana and a 3% rise at Grosvenor Casinos.

This was explained by a 38% fall-off in Rank Interactive's sportsbook revenue, cushioned by growth of 7% in gaming.

A statement read: "As a result of the Group's resilient trading performance, cost control measures and its current low cost of financing, Group adjusted earnings per share for 2009 will be significantly higher than in 2008 and will be above the upper end of analysts' forecasts."

During the final 12 weeks of the year, group turnover grew by 2% on the same period a year earlier as both Rank Interactive and Grosvenor Casinos delivered improved performances. Rank Interactive saw particular recovery in the period, with stronger gaming and "a lower rate of decline" in sportsbook resulting in revenue up 7% on the same period in 2008. Highlights for Rank Interactive include a games tie with CryptoLogic.

James Hollins, leisure analyst at London brokerage Daniel Stewart, said: "Overall, the figures are solid, with positive returns on the group's investment in the 'G' casino brand driving higher admissions, as well as better progress in delivering a sound online product. Mecca remains our one area of key concern.

"In the absence of any declaration of a return to dividend payments (we assume capital will likely be put into new format roll-out rather than returned to shareholders in the short-term) and the rating still at a relative premium following a stronger recent run, we would advise profit taking and remain with a Sell stance."

As reported on EGRmagazine.com, Rank expects to collect £25.9m in overpaid VT in the first quarter of this year, and submitted a claim for £16m VAT overpaid on main stage bingo in its land-based clubs from 2004 following the UK government's announcement that it will no longer charge VAT on bingo games.

[guidfarr] 08/1/2010 12:49

Rank reports 'encouraging' trading

(UKPA) – 3 hours ago

Gaming group Rank has hailed the growing appeal of its new-style casinos as it reported "encouraging" trading in a difficult climate.

The group's Grosvenor Casinos arm was its strongest performer, with like-for-like revenues up 4% in the 12 weeks to December 27.

Rank is converting several sites to its G Casino brand, designed to appeal to the non-gambler looking for a fun night out as well as a flutter.

Like-for-like customer visits were up 7%, although Rank was also flattered by trading comparisons with the worst depths of the recession a year earlier. New casinos were opened in Coventry, Dundee and Sheffield during the period.

The firm also held comparative revenues at its Mecca Bingo clubs steady despite "significant" disruption from the winter weather in December, with lower customer visits offset by increased average spend.

Rank's shares gained 3% after the firm said 2009 results would top City forecasts due to resilient trading, lower financing costs and a cost clampdown.

Rank plans to maintain investment in the business despite an "uncertain" consumer outlook this year.

As well as its G Casino brand, the firm launched a new 'Full House' bingo club concept last year in a bid to appeal to younger players.

Rank opened sites at Beeston in Nottingham and Catford in south-east London and plans to launch a third at Oldbury in the West Midlands at the end of the month.

Elsewhere in the group, Rank's online arm - which owns the Blue Square betting site - picked up after a difficult first half, although like-for-like revenues at its struggling Spanish business were down 1%.

[guidfarr] 08/1/2010 09:05

Rank Group Sales Advance on Grosvenor Casinos, Online Gambling

By David Altaner

Jan. 8 (Bloomberg) -- Rank Group Plc, the operator of Mecca Bingo clubs, said sales growth accelerated at the end of last year, led by its Grosvenor Casinos and online bingo and gambling operations.

The improvement means adjusted earnings per share for 2009 will exceed the upper end of analyst estimates, the Maidenhead, England-based company said today in a statement distributed by the Regulatory News Service. Analysts' predictions ranged from 6.8 pence per share to 8.1 pence per share, Rank said.

Rank is expanding restaurant and bar areas and adding electronic gambling machines at bingo halls, and is seeking to attract more female customers to casinos. Its online gambling sites attracted more bingo, casino and poker business, and a decline in sports betting moderated late in the year, the company said today.

"As a result of the group's resilient trading performance, its effective cost control measures and its current low cost of financing, group adjusted earnings per share for 2009 will be significantly higher than in 2008 and will be above the upper end of analysts' forecasts," the company said in the statement.

Rank gained 2.75 pence, or 3.1 percent, to 92.3 pence at 8:08 a.m. in London. The shares have gained 12 percent so far this year, giving it a market capitalization of 364.4 million pounds ($582.2 million).

Comparable sales grew 2 percent in the 12 weeks ended Dec. 27, which compares with 1 percent for the year to that date, the company said in the statement. Total sales gained 6 percent at the year-end period, compared with 3 percent for the full year, the company said.

[grizzly bare] 08/1/2010 08:43

Looks like earnings per share will be about 8p.

A P/E ratio of 10 would put shares at 80p. P/E ratio of 12 would put shares at 96p.

But these would be historic P/E and not forward looking. I suspect we will start to see analyst upgrades for 2010 earnings.

Also the share price should additional allow for VAT windfall and potential for full bid from Guoco.

Full year results will be announced 25 February 2010.

I also suspect a small final dividend will be introduced.

Looking good for 100p plus during 2010.

Grizzly xx

[guidfarr] 08/1/2010 08:11

great sounding statement ;)

[grizzly bare] 07/1/2010 17:27

Yes what will tomorrow bring. We'll see.

A lot of the weather problem is 2010.

Very nice recent trend.

Green line hit.....will it be breakout?

Grizzly

[guidfarr] 07/1/2010 17:09

so we ended the day with a healthy 4.13% rise - I wonder what we can expect tomorrow? But if anything I don't feel tremulous of the trading update as I had been in the past. My only real worry to some extent is whether the weather has negatively affected trading...but if insiders are right and the rises over the last few days were due to insider trading the update shouldn't be bad.

And i noted shares mag have recommended rank shares today.

[loganair] 07/1/2010 13:47

Interesting, up 2 1/2p on virtually no volume???

[grizzly bare] 07/1/2010 09:22

Well done guid.

We are hitting green line upper resistance of uptrend channel intraday.

As you say, will it hold interday?

We will see.



Grizzly xx

[guidfarr] 07/1/2010 09:00

hey morning climb has already reached my target lol if only it will hold! ;)

[guidfarr] 06/1/2010 21:39

86p has held which is good and I expect some buying tomorrow from traders wanting to have a position before the trading update...hope it inches up another couple of cents!...this should be trading at over 100p +

[loganair] 06/1/2010 10:41

Some ones a seller at the moment and the share price is not really being effected???

130,000 'O' Sell with Conditions attached.

[grizzly bare] 06/1/2010 08:36

Just a reminder ...... a trading statement for The Rank Group Plc for the 52 weeks to 31 December 2009 will be released at 7am on Friday, 8 January 2010.

[loganair] 05/1/2010 20:17

04-Jan-10 Panmure Gordon Buy Target Price 124p

guidfarr - I think that 'O' trades, especially those with Conditions attached and late after hours reported are far more important to look at.

16.51 - 140,500 'O' SELL plus the 16.52 - 19,500 'O' SELL (total 160,000) both with Conditions attached for example.

[grizzly bare] 05/1/2010 17:56

Logan - thats why, as it was only this late UT which affected the price by such a large amount, that I thought for charting purposes I might ignore it, particularly as it was immediately reversed first thing this morning.

This is the close of play chart for today if we ignore that single late UT trade at the end of yesterday. The test will next come when it heads towards magenta again ....hopefully after first hitting green. Another higher high is good.


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Grizzly xx

[loganair] 05/1/2010 16:32

guidfarr - I Personally I never take any notice of 'UT' trades as they are pretty much meaningless on the actual state of play. Usually they tend to be either the first trade of the day or more usually one of the very last trades of the day, after 16.30.

'UT ' Uncrossing Trade - This is used for the single uncrossing trade, detailing the total executed volume and uncrossing price as a result of a SETS auction.

[grizzly bare] 05/1/2010 12:12

Wow now shot up to 86p!

Maybe that trading statement is gonna be good after all ....or maybe word getting out that Guoco are getting ready to pounce :-)

Will the gain hold?

Intraday the possible uptrend channel looks like this at the moment.



Grizzly xx

[grizzly bare] 05/1/2010 09:03

Well we've opened this morning straight back into that forming uptrend channel. Let's hope that's where we stay. Maybe we can ignore that single end of day UT trade which took us out of the uptrend.

Actually guid the Rank share has followed textbook charting in the past. The problem is always identifying the exact paramiter of the channel in it's early days. Once formed it's been relatively easy.

Fingers crossed for the trading statement.

Grizzly xx

[guidfarr] 04/1/2010 21:06

haha grizz i don't think guoco follow charts - the only adversity i can think of is the weather which might have dampened out some casino visits. and that UT trade of UT trade of 565,793 was that one order?

[grizzly bare] 04/1/2010 17:11

Now chartwise this doesn't look good! And on a day when the ftse 250 is up over 200 points.

Guess the trading statement may not be what the market had been expecting.



Grizzly xx