Rank Group (RNK)

Business description

Rank is a gaming-based leisure and entertainment company. Its Grosvenor and Mecca brands are market leaders in UK multi-channel gaming and it also has operations in Spain and Belgium. 86% of FY16 revenues came from venues and 14% from digital operations.

Stock data

Market cap.£936.1m
Last close239.60p
High / Low (52 weeks)243.5p / 186.8p
Stock market listingLN
Forecast net debt (£m)23
Forecast gearing ratio (%)6
TeamConsumer
SectorTravel & Leisure

Price performance

%1m3m12m
Actual7.015.310.6
Relative *5.916.41.7

* % Relative to local index

Other companies in sector Show

Company news

EXTRA: Rank Group Profit Falls Amid "Challenging" UK Retail Market

Thu, 17 Aug 2017 11:15:00 GMT

Who Are The Top Investors In The Rank Group Plc (LSE:RNK)?

Tue, 08 Aug 2017 15:33:45 GMT

NYX Gaming Group's OGS goes live with The Rank Group Plc

Mon, 21 Nov 2016 16:30:00 GMT

Can Rank Group PLC (RNK.L) Thread the Needle? Technical Update

Thu, 17 Aug 2017 12:22:30 GMT

Rank Group digital revenue climb offsets stagnant venue performance

Thu, 18 May 2017 11:03:45 GMT

Y/E Jun Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 738.3 126.3 74.1 14.6 16.4 6.4
2016A 753.0 128.2 77.4 15.4 15.6 8.5
2017E 764.0 127.0 76.0 15.3 15.7 8.1
2018E 785.0 133.0 81.5 16.4 14.6 7.2

Last updated on 19/07/2017

Investment summary

Rank Group aims to be the UK’s leading omni-channel gaming operator and, as outlined at its capital markets day, the strategies for its Venues and Digital verticals are clearly interlinked. With an open architecture platform, Digital is well positioned to leverage the existing retail customer base and a single wallet (piloting in autumn 2017) could be a game changer for Grosvenor digital. Meanwhile, the core Venues businesses are being reinvigorated and remain highly cash-generative. FY results are due on 17 August.

Last updated on 03/08/2017

Industry outlook

The timing of the UK government triennial review into gaming machines remains uncertain (possibly now moving from August to October). The review is expected to mainly focus on FOBT machines in betting shops, but possible tighter restrictions on TV gambling advertising before the 9pm watershed could impact Mecca online along with other bingo operators. Cost pressures include the National Living Wage and the extension of the UK 15% POC tax to gaming 'free play' (still expected in August 2017).

Last updated on 03/08/2017

Key management

Ian Burke, Chairman
Henry Birch, CEO
Clive Jennings, FD
Sarah Powell, Head of Treasury & Investor Relations
Paul Richardson, Group Director - Strategy & Development

Company address

Statesman House
Stafferton Way
Maidenhead
SL6 1AY
United Kingdom
01628 504000
View website