The 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

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We had to cover a penny share sooner or later, and at under 2p a share Betbrokers is an interesting proposition.

CEO Wayne Lochner is an ex money broker and wants to bring to bookmaking the disciplines of big time City money.

Whether or not his vision of a clearing house for betting will work remains to be seen. But at that price, maybe it’s worth a punt.

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