Rank group PLC

Résumé du document

The Rank Group provides leisure and entertainment services. It mainly operates in the United Kingdom and North America. Rank's businesses include Mecca Bingo, Grosvenor Casinos, Blue Square, Top Rank España and Hard Rock. This document presents the story of the Rank Group and some of its activities.

Extraits

[...] - Restructuring the Group. (re-energise Gaming Division, exit to assets). - full-year dividend pay-out of 50% after tax. - Exit of surplus properties (sale and lease back). - Share buy-back. Reducing Debt ACHIEVEMENT OF OBJECTIVES Shareholders' expectation vs. [...]

[...] INTERPRETATION POLICY Gearing = 621,95% (according to THOMSON ONE) 472,43% (according to the Rank Group website) EPS = -33,5p (according to Interactive Investor Trading Limited) 5,13p (according to the Rank Group website) GENERAL FINANCIAL OBJECTIVES Maximise profits Maximise return on capital employed Maximise return on shareholders equity Maximise earnings per share Maintain a certain level of gearings Increasing the cash flows Some of these objectives can not be achieved simultaneously because a conflict could exist between them. Analyse of the Balance sheet By comparing 2004 and 2005: Highly decreased on Company Assets. non-current assets : 70% in 2004, 53% in 2005. Total Equity 23,4% of the total liabilities in in Current/Working Capital = Current Assets Current liabilities Solvency = Equity Total liabilities Actual situation Smoking ban Increase in the UK National Minimum Wage Selling of Hard Rock For £492m To Seminole Tribe of Florida RANK GROUP FINANCIAL OBJECTIVES RANK GROUP FINANCIAL OBJECTIVES OTHER OBJECTIVES. [...]