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Monday, December 10, 2007

UK Property Developer Gets Share Of Rank

More shares news from Rank, over the weekend it was reported that Richardsons Capital had built up a 9.3% stake in the company. The UK company specialise in property development and has traded in the CFDs rather than actual shares. The FT reports that the company director Lee Richardson considers the company grossly undervalued. A new trading report will appear on Wednesday.

I'm no expert in such matters, but I think Mr Richardson has hit the nail on the head with his estimation. He's reported as saying "It is a strong company and a strong brand. It was time to get the cheque book out. It's an investment decision and that's it." In fact I agreed so much I went out and bought myself some shares in Rank, so I'll be following the adventures with even more interest that usual! I think Rank can pull it off, they're making enough improvements and have such a strong brand, I can see them pulling through this in the long term.

Posted at 11:22 AM |

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