We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rank Group Plc | RNK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 71.00 | 11:40:39 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 71.00 |
| Industry Sector |
|---|
| TRAVEL & LEISURE |
| Top Posts |
|---|
Posted at 18/8/2023 09:07 by investmentguru Investors with very long memories will recall that the Rank Group divested itself of all its other businesses (Xerox, Odeon Cinemas, Hard Rock Cafe, Haven Holidays etc etc) in order to focus on the allegedly more lucrative gaming sector. It's ironic that most of its former subsidiaries are now worth far more than the one time parent company. |
Posted at 11/5/2022 20:54 by simmsc Aberforth have just taken a 5 percent stake in Rank. Knowledgeable investor in the small cap area. |
Posted at 04/7/2011 08:33 by 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. |
Posted at 30/6/2011 07:38 by loganair Apart from Guoco's holdings the 15 holders who hold 1% or more of Rank hold a total of 36%.Therefore if Guoco end up with 60% of Rank would mean that the top 16 holders will hold at least 96% of Rank shares in issue. Why I think at this moment in time Guoco will not reach the 75% delisting is that when they reach 64% they'll own all the Rank shares except those held by the other 15 large 1% plus holders. Why Sell? At any time these 15 holders could make a private deal with Guoco, leaving the small private investors holding a fraction of one percent of shares in Rank which in all intense and purposes will be unsaleable, there wouldn't even be a single MM to sell to and Guoco would have no obligation to buy either. |
Posted at 28/6/2011 12:16 by loganair CEO Ian Burke resigned with immediate effect. A CEO thought highly of.With Goldmans in charge of what's going on here, I wouldn't trust them as they are the shadiest of the shady blood sucking banks living off the blood of other people. I think it's time for all private investors to bail-out as I did last Friday. |
Posted at 26/6/2011 13:31 by loganair Very Strange - both Threadneedle and Aviva still increasing their holdings. Aviva by over 1% in the past couple of weeks. Obviously they know something we, the small private investor doesn't.Also, at over 4% each, they both have large enough holdings to be able to liquidate which again we the small private investor will not. Just to reiterate - On Friday I decided to SELL my entire holding (which by the way didn't show up under trades) as I think there are better places to put my cash at the moment. |
Posted at 26/6/2011 13:14 by loganair The Times:It is game over for Rank Group. Despite its misgivings, the company has told shareholders to accept a ridiculously low offer from the Malaysian billionaire Quek Leng Chan. The assumption was that the 150p a share offer would fail, leaving outside shareholders with a small majority. For some reason it attracted sufficient support to go through 50%, though Guoco said it would retain the listing in London. Analysts had an average target price of 191p, which suggested the shares could have had farther to run. The safest course is for investors to take Rank's advice with whatever grace they can muster and accept these miserable terms. At least 4% of that extra was L&G. 150p is miserable terms as that just about equates to all the VAT claims Rank has made against HMRC which means Guoco are buying Rank for free. Rank has already recieved £250m back from HMRC which has put Rank in a nett cash position. This average target price also includes analysts who put out a TP before the latest VAT claims by Rank. Over the past 3 months the average target price is more like 220p. |
Posted at 24/6/2011 13:59 by loganair I think many investors are getting out as most of the trades today are SELLS. |
Posted at 24/6/2011 09:17 by loganair Peel Hunt - How did that happen?!In a surprising move the board of Rank has decided to recommend the 150p offer from Guoco. This is a very disappointing and frustrating turn of events for independent shareholders, and ultimately we consider this increases the odds on Guoco getting over 75% something that looked highly unlikely a few weeks ago. Given this, it is very difficult to recommend buying the stock, despite the inherent value we believe exists within Rank. How did that happen? In a surprising move, the board of Rank has recommended the 150p offer from Guoco. While accepting that the offer significantly undervalues the company, the board felt that the risk that the shares may be de-listed (with non-accepting shareholders potentially holding equity in a difficult to value and realise investment) meant that they had to recommend the offer. This is a very disappointing turn of events, and we would have hoped that the board simply highlighting the risk was sufficient, without having to recommend the bid and effectively push Rank into the hands of Guoco. We question how this was allowed to happen. Odds on retaining listing have lengthened: Our interpretation of yesterday's announcement is one of capitulation, and is likely to frighten many investors into accepting the Guoco offer. It is a great shame, as we believe there is significant inherent value within Rank that that independent shareholders are unlikely to see going forward. We reluctantly move to Hold. |
Posted at 26/5/2011 15:47 by loganair Peel HuntNew news. 1) The ECJ is due to hear HMRC's VAT appeals in June and therefore conclusion before the year end is highly likely. 2) Additional VAT claims of at least £275m are to be made by the group. 3) The target for G casinos has been expanded from 20 by 2012 to 30 by 2015. Assuming the outcome to no.1 is a loss for HMRC then the new news is all positive. Good value. Management has done an excellent job at Rank and we would expect the mandatory offer to be rejected. With strong cash flow, organic investment opportunities and potentially acquisitions/return of funds to investors, there is still plenty to go for. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
