IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
When is it scheduled for ?
Why do you say this week
Think we might get an insight this week before results in August
Well, I think the point is to buy them while the market has no interest (and presumably the stock is cheap), based on ones point of view that Rank have an improving future ahead.
Having said that I need to practice my own ideas and buy more. I think many of us are waiting for great news and a share price that doesn't move yet, when it's announced, but that's not realistic as the SP will jump. When that happens we end up waiting for a pullback that never happens, and then a year or so later with deep regrets for not taking up the bargain stock. Hopefully this is as low as it gets more or less, but who knows what the future holds for any individual companies.
16% down this month.
Pointless buying any shares in this market
Well, I've started adding back some shares. Not bought my full target yet, hoping for a slight dip below 70p to prompt me fully in, but will buy if the SP starts rising first. Depends which event occurs first. Seems to be stuck at this level until we get some news to shape the direction. Hopefully it will be good news coming from the company eventually.
I am surprised we are at this current share price, but that being said every share I have has pulled back significantly in the last month(except BT) since the election was called, if this continues I will probably go all in with Rank and forget about the shares, as I feel any purchases around this price will look excellent in the future years, Nick I agree with you about a bit of due diligence, I have been unable to find out if the new gaming machine act has been booted or not ??.
I suppose Labour is just the same thing, then it's business a usual or perhaps the same irresponsible gov borrowing, sovereign debt and a public sector that needs trimming, though the gilt markets may have other ideas.
Cannot stand sherry
Will just keep adding at these levels.
With Labour getting in isn't everything going to be rosy anyway.
Aren't Labour the finance masters who will bring the FTSE to 14000 in the first hundred days and a growth phenomena beyond anything ever seen before.
Stellar Starmer will eradicate poverty for all the workers.
Source BBC & Slynews
Well, it's back to where it was as quick as it went up. I'm surprised it's reversed so much but this brings it back into buy territory. Just have to do some due diligence on any external political news with regards to gambling and the next election with regards to any Labour policies being touted which may wreck the company by interfering too much.
Same here Nick, I have not repurchased sold shares yet, but I feel the next few weeks will provide an opportunity, I feel there is very little support level with Rank, and when it moves(either way)it moves very quickly, I am still holding plenty(66.5p average), but glad I sold 15-20% of my holding. I have a lot of faith in this company and do not have a problem increasing my holding, when to buy is the question ??.
Ok so we have a slight retrace now. I sold a few higher up and need to buy back. The difficult part is when?
Buying is just as difficult as the decision to sell. Can the market inform me when the pullback is done? I wish.
JG68, I do not know, but as you have said they are definitely in this for the long term, a lot of their shares have been purchased at sub £1 after 2008 stock market crash, and several large accumulations in recent years, obviously Guoco have all the keys to Rank as no takeover can happen without their approval, I am very happy to continue to hold and add if it's share price goes down, and see how it plays out, regardless of takeover possibilities I like Rank and it's future profit potential.
Pop
What do you think his endgame is then if not to take it private?
Eventually accumulate so many shares ( possibly under 1.50) that it is taken private?
Don't quite get it, but it seems he's definitely playing the long game?
Maybe needs someone like playtech to come in and force his hand.
They recently tried to buy 888 for 1.50.
JG68, from what I know Guoco made a £1.50 a share offer 15 years ago which was accepted(reluctantly), but they did not take Rank private, since then they have continued to stake build whenever the share has languished, there are other examples of this situation the biggest I know of on the LSE is ABF(£20 Billion mkt cap) who have a shareholder that owns 60%, I know this does not answer your question but Rank is not unique in this situation.
Have these majority shareholders got special permission not to make an offer or have they and been knocked back when they reached 30% ?
Anyone know?
Have you been at the sherry again MaryBR190? Or are you speaking in tongues? Not sure what you are trying to say? Or did you accidentally sit on your keyboard?
Have started readding some of the 94/5p sales and will go all in if it sinks sub 70p. A winner LT.
Waterman, I believe you were spot on with reason today, a lot of Bills have been sidelined, could not find out about the gambling machine legislative Bill, Nick you may get a nice chance to buy back if it is confirmed sidelined, I am also interested in averaging up at the right price.
Could be, but I believe there was a bit of consensus on the drive for paperless(bizarre), other than that I believe Rank is in a good place without the new legislation.
General Election spanner in the works to new gambling regulations? Will the vote to pass now go ahead ????
Very bad luck if not. All the potential benefits could be kicked into the long grass.
Sell went from 91.2p to 80p in a second, I know Rank can move quickly either way but that was dramatic.
What do you mean
Wow????
Rank Group PLC, up 3.4% at 98.00p, 12-month range 60.40p-107.40p. The stock looks set to rise for the sixth-successive day. The Grosvenor Casinos and Mecca bingo owner last week welcomed a publication by the UK government which follows a land-based consultation launched in July last year. The new regulations to be voted on by parliament "will result in Grosvenor Casinos broadly doubling B1 gaming machine numbers from 1,361 currently. We intend to add the first around 700 machines during FY25, with further machines being added in the following years in line with property refurbishments, extensions and relocations."