Buy
Sell
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.40p +1.57% 155.20p 154.80p 155.40p 155.40p 150.80p 150.80p 6,692 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 691.0 46.7 9.2 16.9 606.33

Rank Share Discussion Threads

Showing 4351 to 4369 of 4500 messages
Chat Pages: 180  179  178  177  176  175  174  173  172  171  170  169  Older
DateSubjectAuthorDiscuss
18/5/2011
17:57
I notice in this weeks IC, their article was just a précis of the Rank RNS bid rejection. Was surprised no actual IC comment. What worries me is that the board of Rank are only saying what Goldmans Sachs, ie Guoco, want them to say. What I'm questioning is the independence of the board of Rank as Goldmans have been operating on both sides of the fence. Goldmans have operated exclusively for both sides now so how can their advice be independent???
loganair
18/5/2011
14:08
Seems very strange turn re GS Logan , Poacher turns gamekeeper , or just making sure no one else sees the books ??
scrapman
17/5/2011
15:29
RNS Number : 6965A Rank Group PLC 05 August 2008 The Rank Group Plc Change of Approach to Notification of Major Interest in Shares - Adoption of DTR 5.1.3R(2) Custodian Exemption by The Goldman Sachs Group, Inc. On 5 August 2008, the Company received notification from The Goldman Sachs Group, Inc. ("GS Inc") that, with effect from 31 July 2008, GS Inc was no longer including in its aggregate notifiable holding, the position held by Goldman, Sachs & Co.,
loganair
17/5/2011
15:23
"Goldman Sachs International, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Rank and for no-one else in connection with the offer" Now this is very strange as anyone who has been following Guoco buying of shares in Rank will know that Goldman Sachs where buying and holding on behalf of Guoco and why there was a dual holding and an RNS some 30 months ago stating that any holding that Goldmans had on behalf of Guoco would no longer be reported and that just Guoco would report any increase via and RNS. And now Goldmans is acting exclusively on behalf of Rank when Goldmans had be acting exclusively on behalf of Guoco when Guoco were building their stake in Rank.
loganair
13/5/2011
16:09
Threadneedle........3.78% (New Major share holding) Chau Ma Yu..........2.95% (Malaysian Investor) Old Mutual AM (UK)..2.76% Sisu Capital........2.10% (Private Hedge Fund) FIL.................2.03% Lloyds..............1.42% JP Morgan...........1.35% Norges Bank.........1.31% State Street........1.21% + 0.14% Derivatives Old Mutual PLC......1.06% Henderson Global....0.09% + 1.22% Derivatives Total..............20.06% + 1.36% Derivatives BOA & Goldman Sachs hold Long/Short CFD's as Intermediaries We already Know: Guoco.......40.84% Prudential...4.56% Aviva........4.11% L&G..........3.51% Blackrock....3.34% (Have reduced their holding) Cheng Zay....3.00% (IMO may be sold to Guoco like Gentings stake.) Total.......59.36% (Total 79.42%)
loganair
12/5/2011
07:43
Logan , any views if all these shennanigans are in breach of takeover code , Gentings holdings , new Malaysian almost 3% holder etc
scrapman
11/5/2011
11:06
Threadneedle........3.78% (New Major share holding) Chau Ma Yu..........2.95% (Malaysian Investor) Old Mutual AM (UK)..2.76% FIL.................2.03% JP Morgan..........1.35% Norges Bank.........1.31% Lloyds..............1.25% State Street........1.21% + 0.14% Derivatives Old Mutual PLC......1.06% Henderson Global....0.09% + 1.22% Derivatives Total..............17.79% + 1.36% Derivatives BOA & Goldman Sachs hold Long/Short CFD's as Intermediaries We already Know: Guoco.......40.08% Prudential...4.56% Aviva........4.14% L&G..........3.51% Blackrock....3.34% (Have reduced their holding) Cheng Zay....3.00% (IMO may be sold to Guoco like Gentings stake.) Total.......58.68% (Total 76.42%)
loganair
10/5/2011
13:16
Threadneedle......3.78% (New Major share holding) FIL...............2.03% JP Morgan.........1.35% Norges Bank.......1.31% Lloyds............1.25% State Street......1.21% + 0.14% Derivatives Old Mutual........1.06% Henderson Global..0.18% + 1.43% Derivatives Total..........10.82% + 1.57% Derivatives BOA & Goldman Sachs hold as Intermediaries We already Know: Guoco.......40.80% Prudential...4.56% Aviva........4.14% L&G..........4.00% Blackrock....3.34% (Have reduced their holding) Cheng Zay....3.00% (IMO may be sold to Guoco like Gentings stake.) Total.......59.84% (Total 70.66%)
loganair
09/5/2011
15:52
Threadneedle...3.78% (New Major share holding) FIL............2.03% JP Morgan......1.35% Lloyds.........1.25% State Street...1.21% & .14% Derivatives Total..........8.27% We already Know: Guoco.......40.80% Blackrock....4.93% Prudential...4.56% L&G..........4.00% Aviva........3.02% Cheng Zay....3.00% (IMO may be sold to Guoco like Gentings stake.) Total.......60.31% (Total 68.58%)
loganair
09/5/2011
08:19
Looks like Goldman and Guoco are out to shaft the PI's No doubt there was a "little extra" in the plain brown envelope for Gentings lot Any chance that Virgin will have a look at these to expand their casino opps ?? Any ideas what the next move will be Logan , ??
scrapman
08/5/2011
08:27
I have to laugh at the claims of Labour, et al, as to how financially oppresed the poor 'workers' are, yet bingo and betting company Rank has seemingly never had it so good.
azalea
07/5/2011
09:19
Another question I've asked many times is what happened to the 12.5% BT Pension Fund stake? Why did they sell at around the all time low of 70p when they purchased their stake for between 180p and 220p per share? I'm wondering if next week Guoco will suddenly be offered 12% from various institutions at a private negotiated price giving them in the region of 53% of Rank - in other words effective control of Rank. If one was able to look deeply in to this one may find that BT Pension Fund actually sold out for 150p per share and not on the open market for 70p per share. One final thing that has always bothered me is that Guoco have been advised by Goldman Sachs (who are like having a football team made up of a combined Barcelona/Manchester United.)
loganair
07/5/2011
08:45
Hong Kong investment group Guoco has announced a £585m cash offer for bingo and casino operator Rank, but it does not want the bid to succeed. Under takeover rules Guoco had to make the offer after buying an 11.6% stake in Rank from Malaysian casino group Genting when it came up for sale. The deal took Guoco's shareholding to 40.8%, above the 29.9% threshold where it had to make a bid. But the offer will not be raised and is expected to be open for only 21 days. Guoco's aim is to keep Rank's listing and a spokesman said: "Guoco remains very supportive of the company and its management team. This is not a hostile move." Guoco first invested in Rank in 2007 at 80p a share. Rank shares closed up 1.9p at 148.8p ahead of the release of the Guoco announcement ------------------------------------------------------------ I always thought that Gentings 11.6% stake was being bought on behalf of Guoco - their holding has been a Concert Party if ever I've seen one. I've posted several times, why has Genting bought it's stake when Rank wasn't paying a dividend? Genting paid in the region of an average 96p for it's stake less than 2 years ago. By selling at 150p per share has made a 56% profit on it's investment in less than 2 years.
loganair
19/4/2011
17:19
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
14/4/2011
18:19
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
13/4/2011
17:39
Rank Group Ltd v The Commissioners for Her Majesty's Revenue & Customs, Decision Number 20777 - In the second VAT case brought by it this year, the Rank Group is claiming a refund of £25 million of overpaid VAT paid in connection with slot machines. That's not bad another £25m plus interest.
loganair
13/4/2011
10:31
Thanks for that Logan , thought I was talking to meself there for a while
scrapman
12/4/2011
13:58
It looks like Rank may have a little more cash to come back from HMRC: Plenty of chips to play with After HMRC reluctantly handed over £74.8m (with a further £79.5m of interest due), Rank is close to getting a full house in terms of the various VAT claims it has lodged (only slots to go now). Assuming Rank gets to keep the money, management will have to decide what to do with it. The organic development programme is already fully funded from cash flow and following receipt of the interest (due later this month) Rank will be left with net cash. Add the expected £47m year-end net cash position, then in theory the company could return £286m or 73p to shareholders. A fair value for the shares following the return would be 130p. Therefore, under this scenario the total value would be 203p per share. Another alternative is for management to use the proceeds to fund acquisitions. This would most likely be in the area of land based casinos. However, beyond a bid for Gala's casino business, the opportunity doesn't appear that significant. Given the issues that have surrounded Gala it is difficult to accurately guess what the business is worth but based on the £30m EBITDA it achieved in 2010, we think £300m is a reasonable ballpark assumption. Financially this is a deal Rank could do without recourse to shareholders. The competition authorities would likely look at such a deal but Rank would argue that given the nature of the casino business, it is in no position to manipulate prices to the detriment of the consumer. Whether Gala's shareholders/financiers are in a position to sell at this point in time or at this level is another matter. At the current point in time we feel that the most likely outcome is that Rank does return cash to shareholders but that management will want to keep their options open so it may restrict borrowing to 1x EBITDA. This would still return about 38p per share. Whatever, the company decides to do with the cash, the shares represent excellent value at this level. Source: Peel Hunt estimates (this is the third time in the past 6 months they have increased their estimate.) .................2011E................ 2012E ........Previous..New..Change.Previous..New.Change PBT.(£m).56.4.....58....0.3%... 59.9....67.6..13% EPS.(p)..10.4.....10.8..4%......11.2....12.8..14% DPS.(p)...2.8......2.9..3%.......3.1.....3.6..15%
loganair
12/4/2011
13:47
Peel Hunt - Rank Group (Buy, TP 179p) The group has taken time to shake of the shackles of the past in terms of perception, but over the last two years Rank has been one of the best performing stocks in the sector. The recent VAT success could see a significant return of value to shareholders, or possibly used to finance a move for Gala Casinos; either should be well received by the market.
loganair
Chat Pages: 180  179  178  177  176  175  174  173  172  171  170  169  Older
Your Recent History
LSE
RNK
Rank
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190525 21:31:57