idontwanttolose
22 May 2018
Acquisition of YoBingo.es I HOPE THIS WORKS!!!!!If you buy a Factory or a House it always has a value! Buy an online gaming Co could have NO residual value if it fails.IMOas always DYORThe Board of The Rank Group Plc ('Rank') is pleased to announce that Rank has acquired the entire issued share capital of QSB Gaming Limited ('QSB'), owner of YoBingo.es, a leading Spanish digital bingo business for an initial consideration of €21 million and, subject to future performance, up to a maximum consideration of €52 million in cash (the 'Acquisition').Strategic highlights· Secures a strong digital bingo and casino presence in Spain, a high growth regulated digital gaming market;· Top 2 online bingo operator in Spain with a greater than 30% bingo market share and over 5% slots market share;· Provides Rank with a proprietary platform including online bingo, roulette and video bingo content for the Spanish market with strong potential to support other regulated markets;· Provides a brand with strong national recognition in Spain;· Accelerates the multi-channel strategy of Rank's established Spanish brand, Enracha; and· Deepens Rank's commitment to the Spanish gaming market. Financial highlights· For the year ended 31 December 2017, QSB and its subsidiaries (the 'YoBingo Group') generated revenue and EBIT of €10.4 million and €2.5 million respectively;· Total purchase enterprise value of up to €52 million; and· EPS accretive.
pb123
21 May 2018
How much further to drop? I stupidly thought we'd reached the bottom and topped up last week only to see it dripping away again...
wuffet
05 Apr 2018
Re: Trading Statement HiThe £79m you quote for last year was pre tax profit, they are saying operating profit for this year will be £76-78m which means PTP this year will nearer £72-4m, a drop of nearly 10%. They also said they were cautious about next year which means profits might fall again so maybe the 15% reaction is understandable.Good luck
Davala
05 Apr 2018
Re: Trading Statement Last year £79M , this year predicting £76-78. why the big tumble then, probably overdone as usual
idontwanttolose
05 Apr 2018
Trading Statement The Rank Group Plc (LSE: RNK) (Rank or the Group) announces the following trading update for the 40 weeks to 1 April 2018.Rank today announces Group* like-for-like revenue for the 13 weeks to 1 April 2018 has declined by 2%. On a divisional basis, Mecca's venues revenue fell by 2%, Grosvenor's venues revenues fell by 9% and UK digital revenue grew by 17%. Like-for-like revenue for the 13 weeks to 1 April 2018Like-for-like revenue for the 40 weeks to 1 April 2018Mecca venues(2)%(2)%Grosvenor Casinos venues(9)%(3)%UK digital17%17%Total Group*(2)%0% Rank's digital business continues to trade strongly. Following the Group's 2017/18 interim results statement, both UK venues businesses have been impacted by weaker than expected visits which have been compounded by two periods of cold weather. Grosvenor Casinos' underperformance has also been exacerbated by a negative contribution from its VIP players.The Board is cautious about the UK consumer outlook and as a result expects the Group's UK venues to continue to be impacted for the remainder of the 2017/18 financial year and into 2018/19. As highlighted in Rank's recent interim results statement, a number of key operational actions have been identified and are being put into place to improve Grosvenor's performance over the medium to long term.Taking all the above into consideration, management now expect the Group's full year operating profit to be in the range of £76m-£78m.
pb123
19 Mar 2018
Not much talk on this board? anyone want to give me comfort as my Rank stock dwindles in SP...
II Editor
04 Oct 2017
NEW ARTICLE: 10 shares to weather a stockmarket crash "After a brisk start to the year, the stockmarket took a breather over the summer. But while the index averages have flattened out, many investors still worry that a sharp downturn is around the corner. After a few years of rising prices, there's ..."[link]
nk1999
24 Aug 2016
Peel Hunt From Citywire:"Rank Group ready to push gambling industry consolidation Rank Group (RNK) wants to be a player in the consolidation of the gambling industry and its results show it is ready to act on the right offer. Peel Hunt analyst Ivor Jones retained his ‘add’ recommendation and target price of 292p on the shares, which fell 1.7% to 217.8p yesterday. ‘Rank management and, we infer, the majority shareholder [Malaysian conglomerate Hong Leong], had made it clear that Rank is open to participating in the consolidation of the sector. [Its] results show that it will be ready when the right offer comes along,’ he said. ‘Rank management made a good case for the merger with William Hill and 888 in our opinion. The UK gambling industry is consolidating and getting more competitive. As the big get bigger we believe that life is going to get tougher for the squeezed middle. It was sound strategy to propose taking on debt and execution risk to create scale.’ "
madgardener
12 Jan 2016
Re: Am I the only one here? Still here waiting for better things
Davala
11 Jan 2016
Am I the only one here? Or are there there others, who didn't sell at £1.50My oldest holding. It just keeps going up. Hoping the results are good!
Davala
03 Jul 2015
Was £1.50 Now £2.22 Why? Profits up a bit, better statement, but this big rise? Rank is my oldest holding and therefore, small but I would still like to see £3 again!
Davala
28 May 2015
Re: NEW ARTICLE: Trends and Targets for 30/0... How right you were!
II Editor
29 Jan 2015
NEW ARTICLE: Trends and Targets for 30/01/2015 "RANK GROUPÂ (LSE:RNK) has something happening. a stunning 1/2p, it has moved into a zone suggesting growth above 179 will lead to 187 with secondary 195p. The share price would require to slither below 145p to destroy confidence for its ..."[link]
