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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
Let’s hope for some good news in February
Few seem to follow this sparkler.
I am.
Don't be fooled by LSE, the day's largest trade was a buy not a sell.
I don’t know who’s buying this stock but holding the price up well
Https://www.cityam.com/private-equity-firms-line-up-london-lawyers-ahead-of-deals-frenzy/
Just keep adding as the dividend will return at some point.
Rank is my only sentimental share, I think it would have to be a good offer (HOTC style when Mars took them over recently)to tempt the Malaysian majority owners to let it go, that being said any talk of a takeover is pure speculation, but would completely accept why someone might be interested as I believe it is well managed, and well placed in its market. I think the online gaming market is going well for them, their advertising on ITV 4, and Dave has been excellent, and probably reasonably cheap for them to purchase that advertising. COVID was obviously disastrous for them(and others)and they sold a Casino in Belgium, had a big VAT repayment from HMRC, and also did a massively oversubscribed Placing of shares I think 3 years ago at around £1.20, they are one of two or three big players in the Casino game in the UK and Spain, a lot to like here.
Looks like the business is trading strongly across all divisions:
https://igamingbusiness.com/strategy/rank-group-aims-to-reach-7m-weekly-revenue-for-grosvenor/