Rank Group (RNK)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

82.40p
   
  • Change Today:
      2.00p
  • 52 Week High: 96.00
  • 52 Week Low: 65.00
  • Currency: UK Pounds
  • Shares Issued: 468.43m
  • Volume: 92,356
  • Market Cap: £385.99m
  • RiskGrade: 325

Rank boosts full-year profit guidance

By Abigail Townsend

Date: Thursday 30 Jan 2025

LONDON (ShareCast) - (Sharecast News) - Gambling and gaming operator Rank Group boosted its full-year guidance on Thursday, following strong trading over the Christmas and New Year holidays.
The owner of Mecca Bingo and Grosvenor Casinos, as well as a number of online-only brands, said underlying like-for-like net gaming revenues (NGR) jumped 13% in the six months to 31 December, to £401.8m.

Within that, Rank's venues and online divisions both posted a hike in NGR, up 12% and 14% respectively.

Group underlying like-for-like operating profits surged 55% to £32.9m.

Rank said it had benefited from bumper trading through Christmas and over the New Year, contributing to a "strong" first half.

Coupled with "encouraging" trading in January, the London-listed firm said it now expects underlying like-for-like operating profits for the year to 30 June to be slightly ahead of expectations, despite likely higher costs.

John O'Reilly, chief executive, said: "Customers are responding positively to the investment we are making and to the experiences we are delivering, both online and in our venues.

"The second half will see inflationary employment cost headwinds and the negative financial impact of some of the measures in the Gambling Act. But we are confident that our ability to both grow revenues and secure further cost efficiencies will help us to sustain our positive profit trajectory.

"We are readying ourselves to take full advantage of the benefits of the land-based legislative reforms, which we expect to see implemented from summer 2025."

As at 0845 GMT, shares in Rank were trading 2% higher at 91.5p.

Greg Johnson, analyst at Shore Capital, called the results "encouraging".

He continued: "The opportunity to build further underlying profitability over the medium term at digital and Grosvenor, along with opportunities from land-based gambling reform, with potential headwinds now included in forecasts, means increasing confidence towards our £100m operating profit aspiration. This is yet to be anywhere reflected in valuation."

Shore has a 'buy' rating on the stock.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rank Group Market Data

Currency UK Pounds
Share Price 82.40p
Change Today 2.00p
% Change 2.49 %
52 Week High 96.00
52 Week Low 65.00
Volume 92,356
Shares Issued 468.43m
Market Cap £385.99m
RiskGrade 325

Rank Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.22% below the market average15.22% below the market average15.22% below the market average15.22% below the market average15.22% below the market average
2.13% below the sector average2.13% below the sector average2.13% below the sector average2.13% below the sector average2.13% below the sector average
Price Trend
59.28% above the market average59.28% above the market average59.28% above the market average59.28% above the market average59.28% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
71.08% below the market average71.08% below the market average71.08% below the market average71.08% below the market average71.08% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
26.47% above the market average26.47% above the market average26.47% above the market average26.47% above the market average26.47% above the market average
17.39% below the sector average17.39% below the sector average17.39% below the sector average17.39% below the sector average17.39% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rank Group Dividends

  Latest Previous
  Interim Final
Ex-Div 13-Feb-25 19-Sep-24
Paid 13-Mar-25 25-Oct-24
Amount 0.65p 0.85p

Trades for 03-Apr-2025

Time Volume / Share Price
16:35 16,106 @ 82.40p
16:35 307 @ 82.40p
16:35 450 @ 82.40p
16:35 620 @ 82.40p
16:35 1,077 @ 82.40p

Rank Group Key Personnel

Chair Alex Thursby
CEO John O'Reilly

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