|Bid||227.00 x 0|
|Ask||229.50 x 0|
|Day's range||224.00 - 224.50|
|52-week range||129.20 - 253.50|
|Beta (3Y monthly)||0.66|
|PE ratio (TTM)||30.34|
|Earnings date||30 Jan 2020|
|Forward dividend & yield||0.08 (3.40%)|
|1y target est||173.33|
Anybody who has watched Indiana Jones or Monty Python will know to beware holy grail-based quests. But what if we said that there was not only a holy grail in8230;
Gains for oil majors and miners pushed London's FTSE 100 into the black on Tuesday, buoyed by hopes of a trade deal between the United States and China, while Primark owner Associated British Foods jumped 6% after strong results. The FTSE 100 advanced 0.3%, after having touched a one-month high earlier in the session, while the mid-cap index was 0.2% higher.
(Bloomberg) -- Reynolds Consumer Products Inc. the maker of Reynolds Wrap aluminum foil and Hefty trash bags, intends to seek a valuation of $7 billion in its U.S. initial public offering, according to people with knowledge of the matter.The company hired Credit Suisse Group AG, JPMorgan Chase & Co. and Goldman Sachs Group Inc. for the share sale, said the people, who asked not to be identified because the information was private. The offering could happen as soon as this year or the first quarter of 2020, the people said.Reynolds, based in Lake Forest, Illinois, also has explored a sale, one of the people said.The company, backed by New Zealand billionaire Graeme Hart’s Rank Group Ltd., said in a statement in September that it had confidentially submitted its IPO registration to the U.S. Securities and Exchange Commission. Reynolds said in the statement that there was no assurance an IPO would be completed.The company’s share-price target and other details of its IPO plan, including the expected valuation, won’t become public until later filings.Representatives for Reynolds, Credit Suisse and JPMorgan declined to comment. Representatives for Goldman Sachs and Rank Group couldn’t be immediately reached for comment.Sector InterestThe packaging sector, fragmented and largely recession proof, has attracted substantial private equity interest.Rank Group is also in talks with private equity firm Cerberus Capital Management on a sale of its bottle tops business Closure Systems International which could be valued at up to $1 billion, Bloomberg News reported this month. The deal was announced last week.Reynolds reported adjusted earnings before interest, taxes, depreciation and amortization of $182 million for the second quarter, a 17% growth from the same period last year, according to a company presentation. Revenue for that period fell to $796 million from $797 million from the previous year.(Updates with details on bottle tops deal in penultimate graph.)To contact the reporters on this story: Kiel Porter in Chicago at email@example.com;Crystal Tse in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Liana Baker at email@example.com, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
It's really great to see that even after a strong run, Rank Group (LON:RNK) shares have been powering on, with a gain...
Today we are going to look at The Rank Group Plc (LON:RNK) to see whether it might be an attractive investment...
Shares in the gaming group Rank (LON:RNK) are currently trading close to a 52 week high, with the share price up by around 7.05% to 191p over the past week. On8230;
London's FTSE 100 fell on Thursday as the latest signals from the U.S. Federal Reserve dampened hopes of hefty interest rate cuts, while exporter stocks slipped as the pound rose after German Chancellor Angela Merkel's comments on the Brexit deal. The FTSE 100 shed 1.1%, while the FTSE 250 was roughly flat.
Rank Group Plc on Thursday reported a 22% slump in annual operating profit as the casino and gaming operator was hurt by weak sales and traffic at its businesses in the first half of the year. Rank has been investing in online operations to offset a slowdown in traffic at its bingo halls and casinos, and to attract younger players who use mobile apps or websites such as its own meccabingo.com and grosvenorcasinos.com. "We have made a good start to the transformation of Rank and there remains a lot of improvement to be delivered," Chief Executive Officer John O'Reilly said.
Many investors define successful investing as beating the market average over the long term. But its virtually certain...
Casino and gaming operator Rank Group has agreed to buy Stride Gaming in a deal valued at 115.3 million pounds ($145 million), looking to extend its presence in Britain's thriving online gaming market. The bid, which Rank said would create the number two player in UK online bingo, is valued at 151 pence per share and would represent a 28% premium to Stride's closing price on Thursday. Directors of Stride, whose brands include Regal Wins, Magical Vegas and Spin and Win, unanimously recommended shareholders vote in favour of the deal, which has won irrevocable acceptances from holders of 61% of its shares.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll...
The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters' calculations at current market prices, ...
Jan 31 (Reuters) - Guoco Group Ltd: * GUOCO GROUP LTD SAYS RANK GROUP'S HY TOTAL REVENUE FROM CONTINUING OPERATIONS 348.2 MILLION STG VERSUS 354.2 MILLION STG * GUOCO GROUP LTD SAYS RANK GROUP'S HY TOTAL ...
Today we'll evaluate The Rank Group Plc (LON:RNK) to determine whether it could have potential as an investment idea. Specifically, we're going to calculate its Return On Capital Employed (ROCE), Read More...