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To me that says *** BUY***.
We will see..................................................
Well I sold out at 93p after the sudden rise, so would like to get back in lower. Might as well wait until results in a couple of days I think? The market as a whole is in the doldrums and the economy is meant to be slowing with rate rises.
Will be interesting.
Was good. Keep an eye!
On the 3 year chart it is interesting that we are now trading and recouping the trough from the Summer of 2020 ! catch that and 130/140p range is back on if the dividends resume!
https://www.hl.co.uk/shares/shares-search-results/r/rank-group-ordinary-13-89p
Aby
https://www.hl.co.uk/shares/shares-search-results/r/rank-group-ordinary-13-89p
Tye 1 year and the last few months the trading pushes on retracing and got stuck around the 90p area and retested and broke through. This is the 3rd retest of the £1 area and a break through confirms the move towards the next level (in the absence of a neg update). there was a fakeout out to 107 for a short time but the chart (for me) is bullish here.
Expecting a rosy view of continued recovery to go to the next leg.
What confirmation are you referring to?
Seems it is trying to breakout ahead of confirmation - this could bode very well for trading.
What happened?
For chartist amongst us, the 200 mda (including weighted is turnng up and the 50 day iimproving.
Waiting for confirmation but this could fly.
The machine mix and numbers is prob better than sports betting...was stated that mix of machines was key to Bingo sites being profitable..wonder how quickly they can make the updates on the gaming floor
My buy this morning shows as a sell on LSE
As far as I know Rank has already being gearing up ready to roll out sports betting and so on so I expect all the top casinos and bingo halls trailed out first then nationwide roll out everything looking good.Now what this down the line could mean for share price is hard to predict but I’m sure we will see some broker upgrades.
https://www.lse.co.uk/rns/RNK/governments-white-paper-on-gambling-legislation-gp89t74e2bmuxms.html
" welcome the policies which will permit sports betting to be available in all of our casinos; changes to the provision of credit for international High Net Worth casino customers*; the review of digital payment methods in land-based venues*; and, in bingo, changes to the '80/20' rule relating to the balance
here's hoping i remember reducing around 180/200 and buying back in 100 down to 60p. A double would do nicely.
Gaming machine mix type and total machine numbers both improve for casinos and bingo..sports betting, potential cashless plus other games and a levy that will likely be skewed to online...this could double in 12-18months imo
what a great start to the turnaround.
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