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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
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/
That is a huge premium!
160p
What would be the takeover price? Above 90p>
Bid due any day imho
What is going on with the thousands of small trades today? Thousands of transactions of single figure packets of shares. What is the point?
Seems to be a fair bit of volume today. Looks like some biggish sales to me? We're in a terrible bear market which does reflect real economic difficulties in the real economy, such as extraordinary food and energy price rises and interest rates have only risen to 5.25%, not anywhere near real price increases.
It's difficult to know if many shares are cheap or if it's only a matter of time before many of them go to zero ( especially AIM and smaller company stocks).
Good for you should be £1+ shortly, the wide spread is a pain but when it moves it shoots to the moon
Dont worry i just added 55000 shares waiting for them to be excuted
Quiet here, adding again. Seems to be only me. Shuuuuush.
Has to be a tuckaway at these levels
Not sure now what exactly drove the brief uptick as the market seems a little uninterested here, but must have been some kind of demand for the stock? Half year results not until 1st February 2024 so nothing known of to speculate on for a while yet.
“Mecca venues had a very strong start to the year, benefiting from the wet weather in July and early August with NGR up 17%.”
Friday
the ending,of that long downtrend?
Malcolm12, the markets appear to be heavily manipulated atm. The drop into low 60’s followed by this unexplained rise back up to the 70’s… while admirable to buy and hold for the longterm, I think it’s good to also take opportunistic profits when you can.
NO CLUE AS I DO , BUT WHY ? MARKET MANIPLULATION ? ?
Why ?