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Has to be a tuckaway at these levels
Not sure now what exactly drove the brief uptick as the market seems a little uninterested here, but must have been some kind of demand for the stock? Half year results not until 1st February 2024 so nothing known of to speculate on for a while yet.
“Mecca venues had a very strong start to the year, benefiting from the wet weather in July and early August with NGR up 17%.”
Friday
the ending,of that long downtrend?
Malcolm12, the markets appear to be heavily manipulated atm. The drop into low 60’s followed by this unexplained rise back up to the 70’s… while admirable to buy and hold for the longterm, I think it’s good to also take opportunistic profits when you can.
NO CLUE AS I DO , BUT WHY ? MARKET MANIPLULATION ? ?
Why ?
Top sliced 10,000 at 73p (only because I’d bought way too many) will gladly buy these again in the 60’s if it drops back
shore capital says the shares are worth 200p
https://www.proactiveinvestors.co.uk/companies/news/1030355/rank-group-sailing-towards-*****upling-profits-says-analyst-1030355.html
less of marvin ***e , less of rockin robin . does anyone have sound facts why the shares have jumped 15 % in 3hrs ?
Bought lots off these while no one likes them on the back off the white paper bill and the potential for the casino and the bingo turnaround.These could easily be back to 100mil profit and at a market cap of say 340 mil I would be looking at £1.50/£2 take out price
There are 140 casinos in the UK. Rank owns 56 of them. That is a 40% market share.
Just recouping the drops of a few weeks. Whisper numbers anyone? 140p /150p would be a steal.
Up 15.2%.
There’s been a lot of recent hype about DraftKings bidding for 888, Entain and UK gambling companies. Maybe it’s the Rank Group they’re eyeing up?
Someone bought 9m shares at 65p.
The majority shareholder adding to their stake? Ahead of a bid?
Up 12% now.
Up 10% suddenly.
I bought a few today and may add if volume and buying shows some momentum. Didn't feel like it having experienced serious plunges on most of my last few purchases. Not sure if I even want to be an 'investor' anymore as I'm not sure if there has been any point these last few years. The state of the UK public finances fills me with dread and equally the debt burden of many plc's makes them more like liabilities than opportunities.
I also bought some today and hope to keep adding. 50+ cash generative UK casinos, Mecca Bingo and a growing digital brand, all for £300m. This is much too cheap!
I will be topping up soon holding for the long term so many stocks cheap these days
...so bought some today. Like many, many other UK small and mid caps at the moment risk/reward seems very good at this price on a 1-2 year view (but who knows what the future holds) - gla
Despite the analysts, the market is pricing in doubt as the UK economy, it's inflation, it's not high enough interest rates and it's public sector expenditure and debt now likely out of control will impact the economy and peoples pockets in the years ahead.
The UK Ponzi of the last couple of decades is coming to it's climax.
https://www.proactiveinvestors.co.uk/companies/news/1030355/rank-group-sailing-towards-*****upling-profits-says-analyst-1030355.html
AGM coming up on the 19th been out of these a while did well buying lows 50s/60s and selling in the nineties but back in today.Think we may get finally better than expected update and better outlook going forward and still surprised it’s not been bought out.