Game Share Discussion Threads

[marab] 16/3/2012 08:07

Congratulations to anyone that held through that nasty drop in the SP, and I hope this goes onto to multi bag for you. Balls of steel don't begin to cover it.

[tr65] 16/3/2012 08:06

Yeah, good time to short:)

[devil20] 16/3/2012 08:06

Will we hit the 100% increase today? Lot to ask.

[bingowing] 16/3/2012 08:06

sells at 4.12 everything else is a buy.

[bingowing] 16/3/2012 08:05

250k bought at 4p

4.25p paid

[bingowing] 16/3/2012 08:04

buys below mid. over bid and on bid.


But sells have been alot lower in price. Massive buying already.

[ajmace] 16/3/2012 08:03

They're piling in at the start of the day!

[devil20] 16/3/2012 08:02

Another good day?!

[ajmace] 16/3/2012 08:01

Zooming higher again.... 4p already wow

[bingowing] 16/3/2012 08:00

and we're off buyers in already!

[tr65] 16/3/2012 07:57

Four now - I've decided to offer the Comet rate of two quid.

[ninja 19] 16/3/2012 07:55

3 bidders for this

[tr65] 16/3/2012 07:50

Wrong in what way? The shares are still only worth a fraction of their previous value.

[ajmace] 16/3/2012 07:50

Current spread 2.5p - 11p.
Where will it open - above or below 3.75p?

Now 3.4p - 4.1p.

[jotoha2] 16/3/2012 06:45

City trader007 , Sir rat, oldtown and drama queen have called it wrong from Jan , but will never admit it , they will never learn!

[crosswire] 16/3/2012 06:14

Walmart readying £40 million offer to buy GAME?
NewsPosted 15/03/2012 - 9:07am GMT
Prepared to offer 12p per share.


Investors are said to believe that Walmart, owner of ASDA, is prepared to offer 12p per share in a bid to buy GAME Group.

The GAME Group's share value is currently 3.2p, up from a low of 0.5p earlier this week. However, a 12p per share buyout would value the firm at over £40 million.

With other parties said to be interested in GAME we could see a bidding war between Comet owner OpCapita and there's still the possibility of GameStop stepping in.

Reports suggest GAME will enter into administration on March 24 if no buyer is found.

[togglebrush] 16/3/2012 05:58

This has become a Day Trading Share, first table was holdings before recent event. IF each share was a discrete BUY or SELL then divide the volume by 2 to get the number of shares changing hands. BUT many shares are bought and sold again within minutes.

Shares Millions
Issued 347.5
Majors 188.2
Free__ 159.3

Swing is the Hi to Lo price swing in table below with data from ADVFN

Swing__Date_______Open_High__Low_Close_Volume

31.05% 09/03/2012 4.50 4.60 3.51 3.51 _25,975,600
96.09% 12/03/2012 1.99 1.99 0.76 1.28 331,360,076 ... Vol = approx shares issued
17.39% 13/03/2012 1.25 1.30 1.10 1.15 _79,888,652
54.76% 14/03/2012 1.25 2.15 1.00 2.10 196,107,386
49.86% 15/03/2012 2.20 3.82 2.10 3.45 347,085,118 ... Vol = approx shares issued

We have a very high volume trading share subject to every rumour, piece of gossip, or trader's manipulative effort.

[bobsidian] 16/3/2012 00:43

As mentioned above, your post may prove to be a useful source of reference for individuals unaware of the City Code on Mergers and Acquisitions and how it is applied in practice.

Unfortunately your post will no doubt be lost in time given how busy this board has become.

[oldtown] 16/3/2012 00:39

Hi Bob the new Rules where specifically brought in to protect UK companies after the US firm Kraft takeover of Cadbury with all its shenanigans and underhand dealings.

[bobsidian] 16/3/2012 00:30

oldtown - 15 Mar'12 - 21:29 - 3093 of 3098

Thank you for your detailed clarification of the issue of notification of takeover interest.

One minor point to note is that Dragon Oil are indeed listed on the London Stock Exchange.

Walmart, being the size that it is, is constantly being linked with companies and were the requirement to announce denials of interest a definitive obligation it would be forever issuing such denials which as you know it does not probably for the very reason that under the City Code it would effectively preclude them from keeping all options open. The media can be malicious in nature and deliberately cite bid interest without there being any foundation and by so doing effectively create a false market in shares and other financial instruments. The current absence of any notification of interest by Walmart under clause 2.2 of the revised code probably puts paid to any illusions of bid interest though many would choose to interpret the absence of a denial of interest as a signal of intent rather than the customary practice of Walmart.

The UK City Code does not have a worldwide jurisdiction. Rather it intertwines with other legislation issued by other countries and regions as a matter of practice. But to suggest any company anywhere in the world has an absolute and definitive obligation to respond to UK media speculation is erroneous.

[citytrader007] 15/3/2012 23:40

... looks like there's alot of peeps posting here who've missed the boat ...