Game Share Discussion Threads

[mali7] 21/3/2012 10:51

I guess with Blueshores 9% holding, they will have a say and under the table get their profit somewhere down the line...its ordinary people losing...small investors...employees etc...this is the world!

[kaisersuzae] 21/3/2012 10:50

looks like they increased their holding to over 9% yesterday. WHY?

[icictrading] 21/3/2012 10:49

blue shore fund manager looking for a job

[isis] 21/3/2012 10:45

Blueshore: GAME offers "tremendous value" for investors

by Ben Parfitt
Wednesday, March 14th 2012 at 8:10PM
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US investment fund specialist Blueshore Global Equity has told MCV that it believes retailer GAME is a tremendous investment prospect – even if it does enter administration.

Blueshore recently acquired an eight per cent stake in GAME Group and tonight told MCV that the market is failing to recognise the true value of the company.

"We purchase shares in companies that we believe are undervalued – we've been watching GAME for around a year," Blueshore's Harsha Gowda told MCV tonight. "There's a lot of excitement now about a possible acquisition but that really wasn't the reason we invested.

"The fact is that GAME has a very viable long-term business model for the next five to ten years. It just needs to ride out the current downturn in the console cycle.

"GAME has a huge number of assets. It even owns its Basingstoke HQ which itself is extremely valuable. The market isn't considering these factors properly. Even if a bidder secured a purchase of the entire chain for £1 we still see the opportunity to make a significant profit. And should administration happen there's still money to be made at the current share price.

"GAME stock is certainly worth far more than it's currently valued at."

Gowda would not be drawn on GAME's potential value or the outcome of a possible bidding war, but did tell MCV that if Walmart were to acquire GAME for just 12p per share as has been rumoured it would represent "ridiculously good value" for the US firm.

He did also not rule out the possibility of acquiring further shares in GAME Group.

UPDATE: The text has been amended to reflect the fact that Gowda was referring to a company buyout for £1, not a £1 per share purchase.

[still waiting] 21/3/2012 10:45

you can sense the administrators will be rubbing their hands together now and have big cheesy smiles on their faces.

they're worse than the grim reaper, at least the grim reaper arrives quickly..

[bubble pricker] 21/3/2012 10:43

Hello mug punters, I told you so. Same as with DTZ.

If anyone cares to sell me their shares, I will buy in blocks of 50000 at 0.1p per share (i.e. £50 for 50,000). Email me at [e-mail]

[loganair] 21/3/2012 10:42

SW - If not a pre-pack administration there will also be the cost of the administrators which will be no less than another £20mln to £30mln.

At it's height the administrators to Woolies were charging over £20,000 per hour for their services. Game, being a more complicated entity, having a large international side, the administrators costs per hour will be even higher.

[knigel] 21/3/2012 10:42

Those big investors who piled in (Goldman Sachs?) during the last week will have to provide answers to their clients now...

[still waiting] 21/3/2012 10:36

blueshore adding right till the end then...

[loganair] 21/3/2012 10:36

Why would any company or the management buy Game out of administration for more than the £180mln owed to the banks, rents, suppliers etc???

[yasx] 21/3/2012 10:35

Looked fairly obvious all along..

yasX - 14 Mar'12 - 19:31 - 2576 of 3796 edit


The idea that this is about to be subject to a bid at 12p seems preposterous to me. If you review the company announcements, and the balance sheet, this looks dead to me.

I just don't see how any bid or financing arrangement would leave much (or anything for that matter) for shareholders. The company has cautioned more than once about the possibility of just that. I still favour a complete wipeout for equityholders here.

I do not hold.

dyor - my views only.

[sapper2476] 21/3/2012 10:31

I was in RAY a few years back. they did that. Got back a tidy sum a few months later when it was bought...

[knigel] 21/3/2012 10:30

I reckon the majority of share suspensions do not relist - unless its for capital reorganisation/takeover? Maybe GMG will be in the minority?

[loganair] 21/3/2012 10:26

PWhite73 - all I can say is Woolworths, basically exactly what happened to Woolies.

[wilson2] 21/3/2012 10:25

if the company has closed, trading stops.

[deanroberthunt] 21/3/2012 10:25

as the stock will never be traded thus you are unable to buyback the shares

[pwhite73] 21/3/2012 10:25

The company is not dead. I said some time ago it is illegal to allow the shares to trade knowing there is no value in them. The plug has been pulled on the shares that's all. Finance talks are still going on.

[deanroberthunt] 21/3/2012 10:24

if the company goes into admin, you are stuffed long or short...end of

[mack7heknife] 21/3/2012 10:11

good luck with that rossannan, dont count your chickens just yet though.

[pattayaboy] 21/3/2012 09:49

Surprise surprise.

GAME Group shares suspended
StockMarketWire.com
Shares in video games retailer Game Group have been suspended from trading pending clarification of its financial position.

The company said the board had assessed the status of the ongoing and regular discussions with its lending banks and between its lending banks and a potential third party provider of finance to the business.

A statement adds: "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 says it will provide a further update in due course.



Story provided by StockMarketWire.com