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. In FY17, 85% of revenues came from its venues and 15% from its digital operations.

Stock data

Market cap.£897m
Last close229.60p
High / Low (52 weeks)243.5p / 186.8p
Stock market listingLN
Forecast net cash (£m)9
Forecast gearing ratio (%)N/A
TeamConsumer
SectorTravel & Leisure

Price performance

%1m3m12m
Actual3.013.4220.02
Relative *(0.95)1.0710.27

* % Relative to local index

Other companies in sector Show

Company news

The Rank Group Plc (LSE:RNK): Immense Growth Potential?

Wed, 11 Oct 2017 18:45:00 GMT

Leeds is Luda choice for third venue

Wed, 11 Oct 2017 07:07:30 GMT

Chartists Place Rank Group Plc (RNK.L) on Notice: Technical Update

Tue, 17 Oct 2017 20:37:30 GMT

Rank Group Plc (RNK.L): Tracking the Indicators

Wed, 18 Oct 2017 17:37:30 GMT

Placing The Rank Group Plc (LSE:RNK)'s Numbers Under Scrutiny

Wed, 18 Oct 2017 00:22:30 GMT

Y/E Jun Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 753.0 128.2 77.4 15.4 14.9 8.1
2017A 755.1 128.8 79.3 16.3 14.1 7.7
2018E 785.4 131.1 79.6 16.1 14.3 7.2
2019E 816.4 137.7 86.7 17.5 13.1 6.8

Last updated on 13/09/2017

Investment summary

Rank Group aims to be the UK’s leading omni-channel gaming operator, with its Mecca Bingo and Grosvenor Casino brands. FY17 results highlighted the potential for Digital, which grew 15.3%, with a 20.4% operating margin. The launch of the single wallet (piloting in autumn 2017) could be a game-changer for Grosvenor digital. Meanwhile, KPIs for the core Venues businesses are improving and the business is highly cash-generative.

Last updated on 03/10/2017

Industry outlook

The UK government triennial review is now expected in October, with a major focus on FOBT machines in betting shops. 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' (retrospective enforcement from 1 August 2017).

Last updated on 03/10/2017

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