Share Name Share Symbol Market Type Share ISIN Share Description
Rank Group Plc LSE:RNK London Ordinary Share GB00B1L5QH97 ORD 13 8/9P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.20 -0.81% 147.00 2,267 08:24:20
Bid Price Offer Price High Price Low Price Open Price
145.60 147.00 147.00 142.20 146.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 695.10 34.60 7.40 19.9 574
Last Trade Time Trade Type Trade Size Trade Price Currency
08:18:25 AT 315 147.00 GBX

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Date Time Title Posts
09/6/202009:33Rank - Just trade it!1,610
15/2/202011:07Will Guoco bid for Rank?1,931
06/8/200808:14Will Guoco bid for Rank?-

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Rank Daily Update: Rank Group Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker RNK. The last closing price for Rank was 148.20p.
Rank Group Plc has a 4 week average price of 140p and a 12 week average price of 118.60p.
The 1 year high share price is 328.50p while the 1 year low share price is currently 78.20p.
There are currently 390,678,687 shares in issue and the average daily traded volume is 104,858 shares. The market capitalisation of Rank Group Plc is £574,297,669.89.
utsushi: Becky8, I think you will get your target and possibly more. You might ask where the margin of safety is, on a EV multiple of 9x, but debt is coming down and EBIT is rising. L-F-L revenue growth at Grosvenor Casino, of 8%, might moderate as the influx of wealthy Chinese and Russians gamblers to London diminishes (see London top end property prices topping out)but I think it can still remain in positive territory. Mecca and Enracha (Spain) are well run by Birch and his team, confirmed by a high ROCE of 19%, they know to build the brand, the company is throwing off cash, PCF yield of 12%, net cash flow up 5x 2014. Reduction in Bingo duty in 2014 helps, and their new digital platform has growth potential. The company is doing so well, I suspect the valuation can be stretched higher for now, also Hong Leong Co(Malaysia)Berhad are still in for the long haul-their stake building was very well timed last year. Further, on top of all the recent broad market volatility and weakness, Rank Group Plc share price has hardly moved-a possible hint at the direction of the next move?
utsushi: Duplication error.
loganair: 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!!!
investoree: 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?
loganair: Now I see what's going on, Guoco desperately need to reduce the number of acceptances to get them below the 75% level: Guoco Group owns or has valid acceptances for approximately 85.69% of Rank shares. Guoco Group has also announced that it has received indications of withdrawals of approximately 4.93% of Rank shares which, when taken into account, would reduce the level of Rank shares owned or for which valid acceptances have been received by Guoco Group to approximately 80.76% of Rank shares. IMO Guoco preference would be to hold as close as possible but still be under 75% of Rank. At least 6 of the other 14 major share holders (+1%) must now have sold-out. Depending on how many of the acceptances were from small private investors this figure could be even higher at 10. Again IMO, if the major share holders have sold, it's time to sell if one hasn't already done so. IMO - Goldmans who have been in charge all along are setting a trap for the small private investor and once the offer has closed even though Rank will be worth considerably more the share price will not rise to reflect this as there will be so little free float left.
loganair: Even so, with 60% plus shares in the hands of one share holder, namely Guoco there will be very little volume of trading going on. The mm's will not really be interested, all that will happen is the share price will just tread water.
loganair: Peel Hunt have repeatedly reported that if Rank are successful in keeping all their VAT rebates then they are worth over 200p per share. The 150p bid, I've had no offer document as yet so quite a few weeks until it lapses puts a definate floor underneath the share price.
loganair: Rank Group (Buy, TP 179p) Last week's IMS showed solid progress against a challenging economic backdrop. We were particularly pleased to see casino visits up 12% on a like-for-like basis, as this is the best reflection of the business's underlying performance. Two G casino conversions are planned for 2011, together with one new build, and this together with the contribution from recent new openings/conversions should drive profits in the current year. Meanwhile, Mecca appears to have stabilised from a visits perspective, and in Q1 spend per head appreciated by 4%, despite the increase in VAT. The Full House concept remains key to an accelerated performance at Mecca. The recent £154m VAT refund leaves the group with net cash and facing the option of returning funds to shareholders or using the proceeds to fund acquisitions (Gala Casinos could be one option), although Rank is unlikely to make any move until HMRC loses its final appeal. Since the VAT success the share price has risen by 18p compared to the c40p per share the £154m represents, leaving plenty of upside. If Rank does ultimately keep the proceeds, we would expect to move our target price to c200p. This is well managed focused group with clear catalysts for a re-rating.
loganair: Interim Management Statement - Broker Assessment Solid start, strong underlying casino Rank had made a solid start to the year and whilst casino revenues are flat the underlying strength of the business is highlighted by a 12% LFL increase in visits. Meanwhile, there is no value in the current share price for the recent VAT win. We continue to view Rank as a core buy. Q1 has been solid if not a little mixed. Casino revenues are flat but this is due to a low win margin in the London casinos. The underlying strength of the business is highlighted by a 12% LFL growth in the number of visits. It should also be remembered that the comparable period in 2010 was also very strong (+9% LFL). Mecca revenues are up 4% with visits stable, growth coming from increased spend per head despite the impact of VAT. Rank Interactive revenues are +23% driven by a recovery at BlueSquare and continued strength in Mecca Bingo. The one negative element was the 20% decline in TR Espana as the smoking ban hits home. We see no need to change our numbers at this stage. Good value. Our positive stance on Rank is based on the solid prospects for casino (supported by the G format), a belief that Mecca has stabilised and that the Full House concept could significantly boost profits if it is perfected and, the balance sheet flexibility. The recent VAT success means that Rank is effectively in a net cash position. Assuming HMRC is not successful on appeal, then we would expect either excess capital to be returned to shareholders or be used to fund an acquisition – which could be Gala Casinos (if the new owners are willing to sell at a reasonable price). We don't believe that this is reflected in the current rating.
loganair: "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."
Rank share price data is direct from the London Stock Exchange
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