Rank Share Discussion Threads

[scrapman] 14/10/2010 13:02

very bitty trades , wonder if there will be some delayed trades showing later

[cockneyrebel] 14/10/2010 12:35

oh, it is 4p :-)

CR

[cockneyrebel] 14/10/2010 12:34

I'm here - and it's nearly 4p now :-)

CR

[loganair] 14/10/2010 11:52

Well I never! - The share price climbs ever higher and higher to new multi-year highs.

[scrapman] 08/10/2010 07:59

feels like de ja vue all over again ,

surely Guoco must make a move now , before any further increase in price ,



seems like we've said that for that last three years,,,,,,,,,,,,,,,,

[loganair] 07/10/2010 19:08

CR - Even better from Panmure Gordon.

09:27GMT 07Oct2010-Rank Group firmer after update

Shares in Rank Group gain 3.5 percent after the gaming firm says it expects its full-year performance to be around the top end of analysts' forecasts after all of its businesses improved during the third quarter.

Investec Securities lifts its target price for Rank to 156 pence from 137 pence, while repeating its 'buy' rating on the stock.

The broker says in a note that the consumer environment has been relatively benign for Rank so far during 2010 and it recognises this may not continue.

'However, we believe that Rank has positioned each of its key divisions well to weather any consumer downturn, with much greater operational flexibility, management information and a tail-wind of product improvements and investment,' it says.

Panmure Gordon, meanwhile, hikes its target price to 173 pence from 145 pence, and strongly reiterates its 'buy' recommendation on the stock.

[cockneyrebel] 07/10/2010 19:06

loganair - did you see this today?

0850 GMT [Dow Jones] Investec Securities raises Rank Group (RNK.LN) price target to 156p from 137p, to reflect better long-term cash generation following the company's 3Q update. Says Rank has continued to outperform the brokerage's conservative expectations on every level. "We see this latest data as further evidence of operational progress, which should mitigate downside risk." Shares +4.1% at 126p

CR

[loganair] 07/10/2010 18:42

Rank will publish a pre-close trading update on 9 December 2010. The Group's full-year financial results will be released on 25 February 2011.

07-Oct-10 Daniel Stewart Buy

Previous

28-Jun-10 Daniel Stewart Sell Target-75.00p

First time in a very long time that Daniel Stewart have been positive on Rank.

[loganair] 07/10/2010 18:35

"Observers at home said if there ever is a bid in the pipeline, it would be from Guoco."

I agree as Genting have not increased their holding, especially so when Ranks share price was around the 60p mark. So I think that Genting having been holding waiting for the bid to come through from Guoco. Gentings average price for Rank is around the 95p mark.

"Guoco held only a 4.09% stake as at Jan 24, 2008, while Genting already held a 10% stake in Rank at that time. Nonetheless, Guoco had continued to raise its holdings in Rank to the current level of 29.25%, making it the single largest shareholder ahead of Genting, which only raised its stake from 10% to 11.59% during the period."

[lanzarote666] 07/10/2010 18:03

Bid coming????

[loganair] 07/10/2010 15:55

CR - Most the brokers, including Goldmans have Price Targets for Rank of between 140p & 145p.

[cockneyrebel] 07/10/2010 14:14

lovely bowl formed on the chart and now a big gap up to the next resistance @ 165p

CR

[scrapman] 07/10/2010 09:40

Thought this would have been good for a 10p rise , seems like things may be stabilizing at long last , any recent news from Guoco anywhere?

[loganair] 07/10/2010 09:32

No scares in the Interim Statement, all seems to be going along nicely.

[scrapman] 04/10/2010 10:08

Interims out on Thursday , hope for a bit of action then

[randolph and mortimer] 24/9/2010 10:43

That's a 3-year break-out.

[killieboy] 20/9/2010 17:25

Very quiet round here!

[loganair] 31/8/2010 09:07

Panmure Gordon Buy New Target Price 145.00p

[scrapman] 30/8/2010 16:31

that seems strange Logan , what happened to accountability to the shareholders?

Then again , with Rank I don't suppose that has ever been high on the agenda,

Good luck with your search

[scrapman] 27/8/2010 16:44

did not realise that Logan , seems a bit harsh ,having to pay to find out ones fellow shareholders ,

any chance of tackling the company direct , I think a chap called Dan Waugh is in charge of pr

seems like a legitimate query that deserves an answer ,