Game Digital Share Discussion Threads

[fjgooner] 02/4/2015 22:40

Oh dear - still destroying money as ever since the Electronics Boutique days.

[hutch_pod] 02/4/2015 09:18

Ex dividend today

[johnthespacer] 02/4/2015 08:56

Anyone know why the drop today?

[hooley] 31/3/2015 16:02

Net cash of £140m and cash generated £66m at halfway stage. Too much capital, so big special divi. More to come? Just bought 2 lots of 5000 - the first marked as purchase and the other a sale!

[germalene] 31/3/2015 13:22

Press Release
31/03/2015:

[This unedited press release is made available courtesy of Gamasutra and its partnership with notable game PR-related resource GamesPress.]

31 March 2015: GAME Digital plc (“GAME” or “the Group”) is today pleased to announce a number of key promotions and appointments across the Group.

These appointments follow the continued strategic progress GAME has made over the last year. 2015 has already seen the Group launch GAME Marketplace and significantly increase its gamer offering with the acquisition of Multiplay, organisers of Insomnia, the UK’s largest gaming festival, live gaming events for third parties (such as MINECON 2015) as well as providers of managed game servers through its ClanForge platform and digital solutions to game publishers and developers.

Following that acquisition, GAME has now been realigned into three new operating divisions: GAME Retail, GAME eSports and Events and GAME Digital Solutions.

As part of GAME’s ongoing commitment to deliver market leading offers and experiences to customers, Charlotte Knight has been promoted to the new role of UK Retail Managing Director with responsibility for all commercial activity in the UK, across all channels. Charlotte has held a number of commercial positions within the business over the past 13 years, including the role of UK Category Director since 2012, where she was responsible for GAME’s expanding product ranges across digital and physical, mint and pre-owned.

Pablo Crespo, Director General Spain, will continue to lead our operations in the Spanish market and will work closely with Charlotte as he becomes more involved in the group activities.

GAME also announces the appointment of Stuart Rowe to the senior team as Business Development Director.

Stuart has held senior positions at a number of consumer facing businesses over the course of his career, including the role of Managing Director of Play.com between 2005 and 2011, where he led the strategy and expansion of the business. Stuart will be responsible for all business development opportunities across the Group, as well as owning the digital solutions strategy, and will report into Martyn Gibbs, Group CEO.

Following GAME’s acquisition of Multiplay, Craig Fletcher, Founder and Chief Executive Officer of Multiplay and Stewart Fletcher, Chief Operating Officer of Multiplay, also join the senior team and will help lead the expansion of GAME’s eSports, events and community based offer.

Martyn Gibbs, GAME Digital Chief Executive Officer, said:

“I’m both fortunate and excited to work alongside such a talented and dynamic senior team and am delighted to be announcing these new, senior appointments, which further strengthen our leadership team. The changes will ensure we are best placed to deliver a leading customer experience for both gamers and gifters, whilst maximising the long term growth potential of each of our divisions: GAME Retail, GAME eSports and Events and GAME Digital Solutions.”

-- ENDS --

For further information please contact:

GAME Team at MHP Communications

T: 0203 128 8569 E: [e-mail]

About GAME Digital plc

GAME Digital plc is a leading games company dedicated to providing more ways for gamers to enjoy more games, more often. GAME is committed to delivering for gamers online, in-store, on mobile, through its app and at live events. With a market-leading Reward proposition, great deals, amazing events, incredible exclusive content and a rapidly growing range of games and gaming-related products, GAME is the number one destination for gamers.

[johnthespacer] 30/3/2015 11:23

Well done i see Woodford (see rns) has bought more too and rising nicely today

[germalene] 30/3/2015 11:13

Ah well, it's only money......I've taken a gamble, got in at 2.35205. Only a few sleepless nights to ex-divi day!

[johnthespacer] 30/3/2015 10:42

It could go down on the ex div day by the amount of the dividend just be aware of that... in a way they are cheap when you look at market cap dividend by pbt is only 6 times so that either means undervalued or the market thinks they haven't much potential i don't know which for now...

[germalene] 30/3/2015 09:13

I'm tempted by the high divi to have a punt on GMD, what say you?

[johnthespacer] 23/3/2015 14:56

Anyone else scared lol?

[johnthespacer] 23/3/2015 14:56

Interim Results tomorrow

[matt123d] 20/3/2015 16:02

Someone's keen to get out ahead of results.

[matt123d] 04/3/2015 17:49

Excluded from the FTSE 250 here.

[hutch_pod] 02/3/2015 22:32

Cannacord

GAME Digital has announced the £20m (max) acquisition of Multiplay UK, a leading organiser of live gaming events and eSports. Multiplay has organised over 150 gaming events since its inception in 1997 and is best known for the Insomnia festival, which takes place in the UK three times a year - the main consumer event last year attracted 67,000 visitors and over 1.4m unique visitors to its website. Multiplay monetises its events through ticket sales to consumers, a share of F&B revenues, payments from retailers/suppliers, sponsorship etc. It also gets paid to organise events for other gaming companies (such as the MineCon convention for Minecraft). And it offers online gaming services (such as game hosting on leased servers) both to consumers and games developers. Game is paying £12.6m in cash upfront, with £7.4m in cash/shares spread over the next three years, payable from cash resources - we had projected £100.1m of group FY15 year end net cash.
We believe this is an astute strategic move from GAME on several fronts. It is tapping into a significant growth market, with a significant existing market for eSports events (over 71m people watched gamers competing online in 2013, double the figure for 2012), boosted by underlying growth in hardcore gaming and the evolution of gaming Youtube channels, Twitch (the video platform for gamers) and celebrity gamers. It improves GAME's position in the PC gaming market. And importantly, it fits with GAME's strategy of being the leading specialist gaming retailer in the UK and Spain and becoming a core part of the gaming community. Multiplay is a relatively small business, but there are easy wins for GAME in exploiting its existing publisher relationships to launch new events, creating a bigger online presence for those events, growing sponsorship revenues and cross selling to its16m Reward card holders. It can also launch Insomnia into Spain.
We believe that Multiplay will be modestly profitable through FY15 and FY16 and leave our profit forecasts unchanged. It is clearly a difficult business to value - Gfinity is valued at £21m, with just £0.6m of revenues for the six months ended June 2014. But while it is Earnings neutral in the short term, we see material synergies under GAME's ownership, and obvious attractions in boosting GAME's position in the PC and digital games market.

[the oxford whale] 18/2/2015 11:27

Yeh. This company is terrible. I think they make most of their money from ripping off mums and dads buying presents for their kids. Went in one about a month ago to try and buy a copy of the latest fifa for the ps4. They were trying to flog it for £60, or £40 if you bought a ps4 at the same time lol. Everywhere else was selling it for £40 so needless to say I went elsewhere. I've had a look through the last update and they seem to believe that people buying ps4/xbone will somehow bring them loads of new customers who will start buying brand new games. In reality it is just the same people who owned a ps3/Xbox360 who have now upgraded systems, so the net result will be the same. If anything I believe that the people buying new games will actually drop. People have began to realise that the gaming industry is essentially ripping people off with a load of rehashed games (the best games at the moment for both ps4 and xbone are simply re-releases of old ps3\360 games), so what most people seem to be doing is buying them second hand on eBay and reflogging them once they have finished the game. I know that is what I am doing from now on(as well as numerous people I have spoken to) , given there is no value in keeping them as all the games drop to a fraction of their value after a few months.I think this fact is also reflected well by the second hand games in store. There is a very poor selection usually, which confirms my suspicion that most people are reselling them on eBay. It is little wonder though as game give you a derisory price for anything you want to trade in, so there is no point in ever doing it. Seems to me like both revenue streams are under threat here again, so unless they manage to come up with a competitive online offering, then they will be heading towards bankruptcy yet again imo.

[hutch_pod] 18/2/2015 11:07

Was definitely interesting how Woodford remains committed to their business model. Opinions are divided of course.

[kreature] 18/2/2015 10:53

This one looks interesting.

[matt123d] 17/2/2015 21:41

All sorts of problems over here.

[hutch_pod] 27/1/2015 11:35

Quite a nice uptrend forming into the absolutely huge gap.

[lennonsalive] 14/1/2015 21:48

One day all games will be downloaded to the console/computer. These shops have no future.

[baxtea1] 14/1/2015 11:27

Have a punt after this mornings drop

[stuart14] 14/1/2015 09:16

250k short closed more like!

[someuwin] 14/1/2015 09:07

"...increased promotional activity across the market, including highly attractive hardware and software bundles, drove significant hardware volume growth of both next generation consoles - installed base in UK and Spain now over 4 million, ahead of market expectations at launch in November 2013"

They're all going to need lots of games per year (at average £40 per pop)