Rank Share Discussion Threads

[123ct] 19/3/2014 13:31

lets hope the budget news moves these up a bit more

[123ct] 14/3/2014 15:51

This is a long term hold for me, but with the share doing nothing for 12 months, I am trying to guess why the sudden move at 1pm today with a share sale/purchase of 12M shares and the big uplift in price. Could this be the move that has been talked about for years to take this firm private. If anyone is reading this board and has any explanation please let me know.

[123ct] 21/6/2013 17:01

Nice rise today, results not due until August I believe so can any one throw ideas on why as delighted to be up on this stock but have no reason why it moved so much today, couldn't see anything spectacular on level 2

[painter] 10/6/2013 06:48

Bought a few here end of May when Investec reiterated a buy with a lower target of 200p share price at the time was 150p.

Strong fundamentals, the forecasts 2014 & 2015 look OK to me and they have restructured the business somewhat lately. Views anyone?

[solooiler] 05/2/2013 19:17

strong fundamentals

[northernlass] 19/10/2012 23:07

Revenues Grow At Rank

RANK GROUP GROWS LIKE-FOR-LIKE REVENUES

LONDON (SHARECAST) - Bingo halls and casinos operator Rank said revenue growth in the second half of the year has been driven by strong trading in Mecca's digital channel and in its Grosvenor Casinos business.

In the 15 weeks to October 14th, revenue was up 4% on a year earlier, or 5% on a like-for-like basis.

GROSVENOR CASINOS
Grosvenor Casinos achieved year-on-year revenue growth of 8%, while Mecca saw 2% like-for-like (LFL) revenue growth of 2% and actual revenue growth of 1%.

The growth at Grosvenor Casinos was achieved despite customer visits at its venues falling 5% on a LFL basis. Happily for Rank, spend per visit shot up 13% on a LFL basis, or 7% on an actual basis.

The group was particularly encouraged by the 72% increase in digital revenue at Grosvenor, which put the 7% growth on the venues side in the shade. However, management sportingly pointed out that digital accounts for less than 3% of Grosvenor Casinos' revenue.

MECCA
Mecca venues also saw fewer customer visits; these were down 3% year-on-year, or down 2% on a LFL basis. Spend per visit was up 3%.

Mecca venues revenue was down 1% year-on-year but level on a LFL basis, while digital revenue grew 11%.

BLUE SQUARE BET & TOP RANK ESPANA
Blue Square Bet, the online bookmaking and gaming arm, saw revenues rise 19% year-on-year but the Spanish bingo business, Top Rank Espana, continues to be a problem with revenues down 9% on a year earlier. Customer visits in Spain were down 5%, as was spend per visit.

"While the outlook for the UK consumer is expected to remain challenging, Rank has maintained its strong financial position, possesses market-leading brands with multi-channel distribution and has a clear strategy for sustained long-term growth," the statement concluded.

Source:


P.S.
Here's some links about SCLP, one of the hottest stocks at the moment:

[templarking] 15/5/2012 01:20

No ones posted on here for ages, just broke its downtrend

[sat69] 16/1/2012 09:06

Thanks Logan - Still bouncing around a bit though!

[loganair] 16/1/2012 09:05

Sat69 - Rank now 74.5% owned by Guoco, just sufficent to keep it's offical listing.

Another 12% or so is owned by Guoco's friends in Malaysia and Hong Kong so share price not going anywhere!!!

[sat69] 12/1/2012 22:15

I thought these had been bought out!

Looks like forming higher lows so could be a good time to get in.

[investoree] 29/9/2011 11:50

boadicea Do you still hold and what is your feeling about what is happening with the RNK share price manipulation as it is top of the losers boars today with a trading statement due out on 21st October?

[pugdog] 01/9/2011 15:33

Up and down very quickly on very small vols. Suppose too many shares held by
Malaysia. Cant see it going over 150p

[killieboy] 10/8/2011 19:08

........ sold at 150 but.... reinvested elswhere - so not much better off!

[spower1461] 10/8/2011 16:40

Well for what its worth - if you did sell out at £1.50 (which thankfully I did) at least you didn't get burned up in the current frenzy!

[boadicea] 15/7/2011 14:55

Looks like I was the only one that didn't sell out here!

[boadicea] 11/7/2011 08:26

The farce continues with acceptances now officially reported down to 74.78%, as I foreshadowed above.

If ever I saw a clear case for suspension and freezing of all actions pending clarification of the intentions of all parties, this is it!

There is, I suppose just a slight chance of the FSA smiting one or other of the parties to this fiasco with a small feather a month or two after it's all over, which, I am sure, will make us all feel a lot better.

[loganair] 08/7/2011 21:57

No.......I'm not bitter!......I'm just bloody mad, mad as hell at what has gone on.

[killieboy] 08/7/2011 20:43

......................... but we're not bitter!

[loganair] 08/7/2011 19:57

What a con, basically the share holders have given Guoco upwards of £50m to take Rank of our hands.

In other words Guoco have got Rank for FREE + been given another £50m on top.

[killieboy] 08/7/2011 19:43

1. Would anyone trust Burke & Co after this fiasco?

2. How much have Goldman made out of it?

3. Is there another U turn on the cards?

[loganair] 08/7/2011 13:52

With Goldmans on board I wouldn't trust them.

The Telegraph, IC and my own broker say it's better to get out as there are better places to put ones cash.