Game Share Discussion Threads

[ninja 19] 21/3/2012 07:41

Hahahah Linda

that's terrible trading. 100% loss.

[dugganjoe] 21/3/2012 07:41

Commiserations folks.

[ninja 19] 21/3/2012 07:39

Hippo




I did say administrator by this weekend, suspension came early

[az209] 21/3/2012 07:38

Another nail in the coffin that is the high street !

[stevi111] 21/3/2012 07:37

Well done Tony !!

Absolute banker for those short over the past few days.

[stevi111] 21/3/2012 07:37

Well done Tony !!

Absolute banker for those short over the past few days.

[hippo] 21/3/2012 07:36

I can't feel sorry for anyone, as you have had ample opportunity to sell, some I understand had already lost so much, they thought may as well hold and I understand that.

For the greedy ones, lesson learnt.....................

GAME OVER

[newswseller] 21/3/2012 07:34

Bummer, had £3 left on my gamestation card..

Did really think they'd let this one run till monday

[kammi1] 21/3/2012 07:33

Very sorry guys,what was so bad in all this was we never knew the outcome of the much talked about american intrest.
Kammi

[tonysss13] 21/3/2012 07:32

game over

RNS Number : 7614Z
Game Group PLC
21 March 2012
21 March 2012
The GAME Group plc ('GAME' or 'the Group')
Suspension from trading
"Further to the announcements of 12 March 2012 and 14 March 2012, the board of GAME has assessed the status of the ongoing and regular discussions between GAME and its lending banks and between its lending banks and a potential third party provider of finance to the business. The Board now considers itself to be unable to assess the business's financial position, and is of the opinion that there is no equity value left in the Group. Therefore the Company has requested that the listing of its securities on the Main Market of London Stock Exchange plc be suspended from trading with effect from 7:30am today. The Company will provide a further update in due course."
- ENDS -
Contact

[ihavenoclue] 21/3/2012 07:09

reallyrich - 20 Mar'12 - 20:29 - 3695 of 3708


If they went into admin, won't the banks also get 0000?

=================================

Nope ... they would break up the group and just sell the parts that the interested suitors want and then the creditors get paid and if there is anything left then the shareholders get that.

[reallyrich] 21/3/2012 03:33

Good article from the FT. It talks more about speeding up the closure of shops, and cost control, rather than going into admin.

Well let's hope

[n3tleylucas] 21/3/2012 03:24

ok I bought @ 0.99 ... sold @ 1.15 ... paid for me Cheltenham day ... coward? ... it wasn't that good when I saw 4m @ 0.5 whizzing through LOL ... gl ... x

[reallyrich] 21/3/2012 03:10

How can the banks refuse to be paid back? If OpCapita gave Game 140 million in return for ??? they are asking for, and then Game trotted off to the bank and slapped down the cash and said up yours, the bank can't refuse the money. If I had a loan at my bank and what to pay it back early I can. (maybe a small payback early penalty)

The only people that could refuse Opcapita are Game itself.

Please your thoughts on this

[mali7] 20/3/2012 23:54

More news from FT:


You can see from article, OpCapita offered to pay £100million debt back to bank and £40million to supplier....so total offer of £140million based partnership...

If admin was only option, banks would have said, OpCapita offer is the best you Game can get! Go for it! An admin will cost more then benefit...and admin company is the one benefiting from their £1000/hour charges etc

Game has value, hence many interested parties...but everyone trying to bargain hunt and not really coming forward with a great offer yet it seems. Money is tight in the market...unless Apple bids...lol

Anyway what if company stays as it is, restructuring program agreed with bank with more store closure as in article...more finance from bank and strict cost control etc...Game can turn profit again next year...Game will then be still on....

[sanks] 20/3/2012 23:25

After voluntary admin at weekend, rumour has it coming back as
S.H.A.G. Shagstation

Hope it helps
Sanks

[sanks] 20/3/2012 23:22

Ninja 19 - 19 Mar'12 - 08:44 - 3485 of 3702
Hi Sanks
whAT'S LEVEL 4 SAYING?

Hi ninja , just looked at level 4 and Sheila confirmed, its shagging out R.I.P.
Any ideas?

Hope it helps
Sanks

[justthemoney] 20/3/2012 23:02

If true, the 4th approach, i.e., voluntary administration is nothing else but the management buyout at the expense of both the shareholders and the employees. The same crooks will remain at the steering wheel. The plan is to suspend shares at LSE on Monday, open a new company and issue new share capital (recapitalise it with the help of current lenders). IMO, this is scandalous if they can get away with it.

[pullittogether] 20/3/2012 22:33

Bearing in mind the full divi was paid last year, I think shareholders have good reason to be upset right now. Incredulous even.

[brx7] 20/3/2012 21:56

no rns
and a "challenge" means nothing.

VL is where this baby is heading so everything is done post admin,
maybe 2 or 3 firms will carve up the firm.. gamestation = walmart
some game stores = gamestop
remainder = the new "pheonix" game store
what value for the PI's ? zilch we got warned twice