Anyone any thoughts on Rank from here on?
They're about to sell hard rock cafe leaving them essentially with casino's & bingo.
Do people on here think that they will be taken over like other casino operators or will they suffer with a drop in consumer spending in the recession (that apparently we're not in! :-)
Comments/opinions gratefully received

This could fall another 50% to around 70p.
Profit forecasts have been slashed perhaps 25 mills this year.
Conditions have worsened since the no smoking ban.

I agree and profit warnings usually comes in twice or three times consequetively nowadays.

Sub 100p sometime hlyeo in the course of things perhaps lower.

hyleo .... i think many have been forecasting horrid results from RNK for a while, so the buys could quite easily be shorts being closed off ...... however, you are certainly right that profit warnings or other bad news rarely comes singly.

amardev ..... in your dreams! .... only reason for a sustainable bounce would be t/o approach

At 124p, this still looks attractive to short.

Well ...... at least we got a debate going.

Keep posting.

Cheers
Amar

Yes got it right...shorted at 113p this morning.

big troubles for rank today hope the management are listening.

So are we likely to see a bid for Rnk early in the New Year, or will buyers hold off waiting for worse news?
Anyone got a stab at a likely take out valuation?
Would also help to qualify any replies with a long, short or none status on holdings (why don't more people do this on these message boards?)
Oh, by the way, I bought in at 96 on Monday :-(

just for the record ..... sp still heading south, so without a bid, not pretty

Anyone else following this?

Obviously not but its just broken north through its bolly bands for the first time in two years

Watching for a few weeks and looking good.

Unloved stock.