rnk24 May 2008 23:08
the vat windfall seems to have had a negative effect on the SP. this is a huge sum for rank imo. Also the goverment is holding this share back, they can literally control the sentiment of this share through their decisions. What i am wondering is what do these 'potential buyers' want with rank, what do they see in this share? Currently most things are going against rank at the moment, so why do they want an interest in this share? Well the company has two good brands, mecca bingo and blue square. There is large scope for diversifacation of these brands. Also i would guess the 'potential buyers' would want to expand the brand throughout the world by expanding into various other countries, there is so much more potential out there in other countries where rank would have a better chance to thrive. Surely the buyer would not want to keep this company solely based in the UK where it is being hammered. Rank is the base, the foundations are there and buyers are aware it is something that can be built upon. I wouldnt see this as a long term investment, however with 3 -4 large shareholders, it is obvious this will be bought out to make better use of this company. I might buy in just for that reason.