Game Digital Share Discussion Threads

[tsmith2] 24/12/2015 10:30

Of course only prob with that suggestion is that it was put out on 15th..Pug - would be good thread

[pugugly] 24/12/2015 10:28

rubberbullets: You are so right - He has made some bad calls recently - Not sure if he is becoming "emeritus" (shorthand for way behind the ball and out of date with the fast changing technology in retail, distribution, clean-tech etc) or his technical advisors are out of touch or his potential and actual winners will perform so much better than the failures that the funds will outperform most if not all competitors)

Maybe we need a Woodford tracker thread updating on the good the bad and the ugly. Could be usefully as many in the press and tipsters use the fact that he as invested or holds a large position as partial justification for their BUY tips.

[rubberbullets] 24/12/2015 10:21

caught with his pants down here, must be down £20m

desperate to get some cash back hence dividend resolution

[tsmith2] 24/12/2015 10:19

He ain't stupid..

[rubberbullets] 24/12/2015 09:51

woodford getting his botty smacked

[rickyvader] 24/12/2015 09:20

Unfortunately online sales and the ability to buy games by download sees this company finished in my opinion.It looks like blockbuster to me. It's sad but high streets can't compete with online shopping

[blueball] 24/12/2015 09:04

Overpriced by 50% imo.

[tsmith2] 24/12/2015 08:56

The Group has maintained its strong balance sheet and flexible lease profile whilst retaining a disciplined approach to capital allocation, with a total of GBP50 million of dividends announced or paid to shareholders during the year (including the proposed final dividend). The Board is recommending a final dividend of 7.35 pence per share, taking the total for the year to 29.4 pence per share, including the special dividend of 14.7 pence per share declared alongside our interim dividend in April. The Board remains committed to maintaining a progressive dividend policyFlexible Lease profile...retailers have learnt...Look at amount of dividends they are able to pay out..

[dlku] 24/12/2015 08:42

60% cut inforecasts, needs 60% cut in share price , maybe more

[dlku] 24/12/2015 08:41

can see these at 90

[tsmith2] 24/12/2015 08:33

So that's the final dividend dean...

[tsmith2] 24/12/2015 08:32

GAME has entered into irrevocable undertakings with Duodi Investments S.à r.l. ("Duodi"), Woodford Investment Management LLP (as discretionary investment manager acting on behalf of its clients) ("Woodford") and Invesco Asset Management Limited ("Invesco"), pursuant to which Duodi, Woodford and Invesco have each agreed to vote in favour of the resolution to approve the Final Dividend, as set out in the AGM Notice, in respect of all the ordinary shares in the capital of the Company held by them at 6.00p.m. on 11 January 2016 (being the record time for determining Shareholders' entitlement to vote at the AGM). The Board of GAME, therefore, anticipates that the resolution to approve the Final Dividend will be passed at the AGM.

[tsmith2] 24/12/2015 08:29

Also given that large amount is held by II, free float v limited to illiquid..small amounts of buying/selling amplified impact on SP

[tsmith2] 24/12/2015 08:27

It's sectoral not Game specific..

[tsmith2] 24/12/2015 08:27

Which way? They are profitability, cash generative and paying a divi...It's a slower than expected take up of the new consoles...do you think consoles are about to die a death?

[deanroberthunt] 24/12/2015 08:16

Is this fact that this has already gone bust once and is now following the sam pattern, not a tad concerning ?

what are they doing differently this time to the last time it failed, nothing by the looks of it...so what conclusion can we draw...

[tsmith2] 24/12/2015 07:54

LolIf the Dec safe you may bought even though there is a risk the share would have halved from here..?!Codswallop comes to mind..On an attractive Ex-cash p/e multiple. Dividend may well be reduced but 6% at current share price would be 8p for year (half current expectation)V attractively price imo

[deanroberthunt] 24/12/2015 07:04

5.74% DIVIDEND GOING EX ON 31-DEC

MIGHT BUY A FEW FOR THAT....

[someuwin] 23/12/2015 22:00

I passed a game shop yesterday as well and noticed a sign outside saying "No gift tokens available".

This surely suggests problems are worse than they're admitting?

[pugugly] 23/12/2015 21:17

PDT:- Excellent reason not to invest at this stage - Suggests to me that stock contol and marketing have lost connectivity and have a few screws missing -

Remember as the founder of Tesco - the late lamanted Sir Jack Cohen - said "Retail is Detail" and Game seemed to be lacking - {as do Tesco at the moment - Jack must be turning in his grave to see the mess that management have made of his baby over the last few year by trying to pile it high and sell it expensivly} - The retail costomer has found them out and gone to the discounters - Could the same be happening here ?

[pdt] 23/12/2015 17:23

I tried to buy a Gift card yesterday in a GAME shop and were told they didn't have any and they hadn't any for ages. They suggested I buy one from WH Smith. I went to Smiths and the girl on the checkout confirmed that they get lots of customers from GAME! It's great they must have money to throw away.

[tsmith2] 23/12/2015 17:22

The Board believes margins in UK Retail for H2 will be higher than the equivalent period in the previous year. This is based on the expected growth from Xbox One and PlayStation 4 software, sales of preowned mobile phones and tablets, and other growth categories in GAME Retail UK as well as the reducing impact of declining Xbox 360 and PlayStation 3 content sales. Game Spain is expected to continue to perform above last year in the second half.

[tsmith2] 23/12/2015 17:20

It's profitable, generates free cash flow, no debt, pays a very decent divi, market leader....If this is going to fall from here others in the sector are going to get buried..

[wipo1] 23/12/2015 16:39

I think Game Digital has a lot further to fall. Ps4 and Xbox one games are suffering from massive deflation. Game are going to have to reduce games significantly to compete with online rivals. No margins In consoles either.