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Yes noticed that after 1630 11m volume compared to the usual 20k to 100k shares.
On open market
This will really move tomo
Alot of interest today and the only way is upwards I think? Well I added a few today so I would say that or at least believe my own views.
Would do me fine.
real recovery play
Rank Group PLC, up 3.0% at 72.50p, 12-month range 60.40p-107.60p. The gambling company reports its results for the six months ended December 31. It reports revenue of GBP362.6 million up from GBP338.9 million a year earlier. Rank swings to a pretax profit of GBP10.4 million from a loss of GBP109.1 million. Looking ahead, Rank expects the challenging economic environment to remain, however it remains "positive about the future" and expects like-for-like operating profit for the year to be in line with company expectations. "The board has not proposed an interim dividend but expects to recommence dividend payments as soon as circumstances permit," it adds.
Delivering well on matrixes. Adding on any weakness as surely the markets realise the quality of this company.
Continued growth compounding the recovery already underway,increasing visits and profit improving across all venues, debt down, cash balances increasing, wage growth absorbed, LFL continuing to improve, nothing in the rns of concern.
Dividend, was hoping for definitive news as to when but as a large shareholder remain content that they are containing to invest in the growth of the business.
Someone will take notice and make an approach for this icon.
Market surely will rerate this, so adding on weakness while it remains here as it should be heading be £1+++ when dividend resumes.
Ripe for a bid, this keeps me invested.
Yes, considering the economic shutdown situation a couple of years ago, things have improved for Rank. Can't see any downside now and look forward to the market pricing in a recovery in general at some point. Just about to watch the webcast, see if it can inspire me to go 'overweight' in my SIPP.
Got a small position here. Results were ok. More like what I expected. Market seems to ok it though didnt get to hyped on results. Divs still missing (maybe will be reinstated soon based on clues left in todays update).
Gla
30-Jan-24 09:11:44 73.50 44,890 Buy* 72.00 74.00 32.99k O
30-Jan-24 09:08:41 73.40 50,000 Buy* 72.00 74.00 36.70k O
Loaded and read y to rock and roll here - hope it clears the hurdles and avoid banana shiins in the update.
Just two days away, results will be inline but the market awaits a forward looking statement. Hoping this year ahead will be kinder to Rank.
Hoping for a hold above £1 on any whiff of something positive. 80p 90p 100p or 50p - such fun.
In short, we need the modernisations which will help to drive revenue which will help us to absorb the costs. That’s the only sequence of events that works.
“As we reflect on a busy 2023, we lean into the first half of 2024 knowing that it’s likely to be even busier. By the summer, providing the government delivers the casino-modernising policies that were so long in the making, it will have been worth the wait.”
https://focusgn.com/rank-group-urges-uk-not-to-implement-land-based-casino-modernisation-in-early-2024
Buzz owner ICG just want rid - hope Rank do not decide to make an offer. Different animal is Rank.
Dividends to be expected to restart soon
Casino group Rank reports operating profit at top end of guidance and strong start to new year
17 August 2023, 11:17
https://www.sharesmagazine.co.uk/news/shares/casino-group-rank-reports-operating-profit-at-top-end-of-guidance-and-strong-start-to-new-year
If , as it seems , Buzz Bingo is up for sale this year ---- what effect do you think this will have on Rank ?
Would like to see the note if anyone can post.
I may buy more if it hits 70 or lower I am expecting good numbers not great the ones with money will have gone out and had a good time and hopefully put rank back in the black
Small mercies NIck.
Been adding to my position here the last week 73 74 75 so hopefully back to £1 rather than back to 50p. No doubt the market will mug me along the way.
Seems undervalued to me at these levels the risk / reward seems good in advance of the results.
In these 'nervous' times of an economy in tatters and a country with record debt and record tax levels with no prospect of a decent government but just a choice between incompetent fools at best, and a poorer future ahead for the ordinary working person, it's good to know results will be on target. Had it said there was a delay due to accounting issues, then I would have gulped!
Super there was no need to issue any update.
Today 10:22
RNS Number : 8031Y
Rank Group PLC
05 January 2024
5 January 2024
The Rank Group Plc
LEI: 213800TXKD6XZWOFTE12
Notice of results
The Rank Group Plc will announce its interim results for the six months ended 31 December 2023 on Thursday 1 February 2024.
A presentation will be held at 9.30am in London on Thursday 1 February 2024, hosted by John O'Reilly, Chief Executive and Richard Harris, Chief Financial Officer. The presentation will also be available by webinar. Admittance will be by invitation only.
Shareholders and analysts wishing to attend the presentation in person or via the webinar should contact Gagan Aulakh by email at gagan.aulakh@rank.com.
Can you explain exactly what you mean
Expecting top end growth and a rerate