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Mad how slow this has been to move given the white paper is coming
https://www.msn.com/en-gb/money/other/gambling-companies-on-high-alert-ahead-of-the-expected-publication-of-a-long-awaited-white-paper/ar-AA1acgtN
Shares in the likes of Grosvenor Casinos owner Rank Group are likely to be lifted as a result of these potential changes.
Fingers Crossed !! GLA
Looks like the trading is probably better than management expected top end or better we could be looking at further upgrade surprises through the year and maybe positive white paper reaction.Back in today after I nice turn last time though this time looks like nice longer hold good luck all.
Bought a few for the first time. I think the market will feel reassured that things haven't got worse but starting to turn around and business will generally start to improve. I expect the SP to improve ahead of hard bottom line figures being announced. Looking at many months of holding though.
Very strong trading update - if the white paper due any day has the reforms for land based casinos we expect this should sail back above £1. Net cash excluding lease liabilities too...expect this to get moving now
Good to hear about these solid improved performances across operations. Hopefully keep us ticking back up towards £1 mark for now.
John O'Reilly, Chief Executive, said:
"We are pleased that the momentum we saw at the start of the second half of our financial year has continued with positive NGR growth across all our businesses. Despite the challenging macroeconomic environment, the investments we have been making to improve the customer experience in our venues have helped drive the improved performance across both Grosvenor and Mecca. The digital business is benefitting from the build out of enhancements to the customer experience on our proprietary technology and we have a strong pipeline of developments to continue to grow market share into the future."
Doubt it, until H2 when energy bills are expected to drop a little. really keen to see the white paper impact here - some awful predictions, some positive..hard to know for sure which way it goes. I think the levy needs to be lower for land based operators Vs online..that is key
will the divdend be restored?
it is almost that time again .... trading update on the 20th ... where she goes nobody knows.Dividend
Taking account of the difficult trading environment for our UK venues businesses and the considerable pipeline of investment opportunities, the Board has not proposed an interim dividend but expects to recommence dividend payments as soon as circumstances permit.
Goverment white paper on gambling out any day now with potential for many more gaming machines in land based casinos and sports betting permitted on site - expect Rank to benefit..also allowed to grant credit go international players. With the Chinese travelling again now this could also boost Rank a lot IMO
Well said. These matters are always delayed. God job these politicians are not running companies. Look at the new nuclear subs, looking at the railways does not encourage speed.
Isambard Brunel changed the GWR gauge from London to Bristol over a weekend!
Good recovery since lows in October 2022 but 90's proving tough up to now. Patience needed, speaking of which , will the gambling white paper be released any time this decade ? Ridiculous the amount of time that it takes governments and organisations to research and make decisions. Businesses left in limbo for years not knowing what new rules they'll have to operate under.
Will walk away and buy back in 6 months time - perhaps
naother lag up over £1 today on the ask 101.80p
It’s going to good day tomorrow
Regarding government white paper leak that is going to help casinos because they will be allowed to increase number of machines
We may return to a small dividend payment come Next results as was mentioned in last statement.
Totally agree and we appear to be on the move again. Given the shift in the price relatively few sellers have been flushed out, this could easily spike again, 50% upside to the average price of 140 for the last 12 months.
You could be right, MM`s seem to be holding the price down and somebody is loading up
671 trades reported so far and buys outnumber sells by about 5 to 1
Volume sold = 368,059
Volume Bought =1,757,475
This has gone up from the low 50’s in the last three months without much in the way of positive news. It looks like a takeover pattern to me.
Not sure you`ll get your rebuy at 70p as yesterdays "pop" is holding and added to with big buys today.
317 trades reported so far and buys outnumber sells by just under 5 to 1
Volume sold = 153,984
Volume Bought =767,104
I got in at 73 watching this stock to top up if it drops to 70
it was a screaming buy - looks like a pop and drop but let's see where it consolidates at.
I add if it resets to 70p
I agree with you bought a lot at 61 p
Just shocked how quick sudden it moved
pointed this out in mid 50s and no one seems interested , maybe once through £1 people will wake up.
GLA