The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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"Accumulating book" - what does that mean?
Accumulating book - there will be a takeover.
A huge 1573990 shares trade today that looks like a buy has just showed up? Price has held up well last week or so. Doesn't look like i'll get to buy any back at a lower level, at the moment at least.
Will buy any dips - nice low average here after the recent moves up from the lows.
No one seems to understand the massive upside when they can start trading with their new machines in Mecca sites from September
Deutsche Bank starts Rank Group with 'buy' - price target 110 pence. Are fortunes changing? 🤞
Hold a shedload of these and a move from by 35% that could drop 20p for no reason creates opportunities. I trade my position most days and trim at these levels and after adding a lot at mid 60s have been taking some off the table. Expecting £1+ near term, however nothing goes straight up.
Just trimmed another 4000 shares. Hoping I get them back sometime later but no idea really. SP unusually strong this week, so holding some just in case there is some corporate stuff on it's way, in terms of someone stake building though turnover has dropped since the big blocks that went through a few days ago.
The only negative here is that there is a majority shareholder, who can control everything though I haven't let that dissuade me buying and would prefer they would sell a substantial stake to a partner or similar and drop well below 50%.
Mary, the actual spread is less than .025p, though there was a 2p spread about 20 minutes ago, even though quoted spread was as you said 7p, not sure why but historically always the same but usually narrows at some point during trading day(A trades pay the spread price), out of interest are you adding or trimming, or neither Mary.
94.6p on the ask
MMs not taking any chances with a 7p spread on an 88p share !!!!!
Something for the weekend?
Seems to be on a roll and not wanting to be short over the weekend.
"Would the majority shareholder table a bid for the whole company?"
Yes but what would be even better is if they say offered to unlock and sell, say 20-30% to the city because that would certainly be at far higher levels. I think it's that majority control that keeps the stock too cheap and many fund managers away.
Always a possibility the big shareholder is equally prepared to offer all their 60% at the right price to a suitor.
Spread looks high this morning.
The trade yesterday(whether a buy or a sell)was for 5% of Rank shares, today we have Guoline increasing by 3%, where did the other 2%(give or take)go, more to come I think.
It’s looking more and more likely but only time will tell
Probably wants the whole 🎂.
Don’t think there will be a bid anytime soon they have been doing this a few times now buying low of fed up holders so don’t be surprised to see it drift down again.Been in and out of these a few times but zero holding atm.
Would the majority shareholder table a bid for the whole company?
RNS confirms the buyer yesterday was Rank's biggest shareholder who now controls over 60% of the company up from 57%
Looks like another blue day. Will be interesting to know what happened with those huge trades yesterday.
Hopefully another blue day tomorrow as the market speculates or someone is in the know?
Interesting to see the sells from those travelling are being mopped up.
This time is seems it is the real deal.
Where is DD ?
Will be too late by then.
Healthy volume today again and who knows, if still accumulating then perhaps another multimillion trade pops up around 11am.
Now that would send it SOARING.
We should hear something today I would expect. Perhaps they are still accumulating? It's put Rank back on investor's attention. I expect many on the side waiting to buy on any potential dips?
After such a big trade you would expect a holdings announcement, the last time there was a big trade(February 1st)Lombard Odious took 5%.
AGREE Mary.
Been flat for a while and then BOOOOM !
BIGGER Boooooooom coming ?
Hope so.
How do you come up with this concept