Rank Group (RNK)
May 19th, 2008The inevitability of death and taxes is a cliché not lost on Rank, they pay double for one and most of their customers are at risk of the other.
Bingo is great fun and massively popular – but the Government likes to charge them VAT as well as the tax on profits levied on gambling firms.
When it decides not to – which is possible – we think there is instantaneous value in the shares. Bingo! You might say.
Research: RNK.L
Help spread the word - email this episode to a friend
Category: iBall
The old cliché has it that as far as the stockmarket is concerned one should go away in May and come back again on St Leger Day. What? And miss out on all the fun? Reeling retailers. Broken banks. Crunching credit. There’s so much more than mere capital accumulation, yield and dividend. Not only are there bargains out there but also more than the odd laugh. Click on the portfolio to see how our writers have got on against the market.
Recent Comments