Game Share Discussion Threads

[reallyrich] 21/3/2012 12:25

I hope this part is true

By asking for a voluntary administration, Game will create a 10 day moratorium, which will protect it from creditors without formally going into administration.

The limbo period will give PwC the chance to complete a deal with a potential buyer.

[ron d voo] 21/3/2012 12:20

Next to go? JJB, and CPR is a potential disaster.

I think the situation with spreadbet positions is less clear cut than some believe.

[p o n a] 21/3/2012 12:12

ref: Goggin - 21 Mar'12 - 12:11 - 3851 of 3851


They've lost the lost, just like any other shareholder.

[goggin] 21/3/2012 12:11

today over 9%
14th March 8%
What was or is their game plan, the company goes into administration and they have an opportunity to deal with the administrators or purely a big gamble?

Wednesday, March 14th 2012 at 2:08PM
inShare Email
Blueshore Global Equity acquires 8% of GAME's shares

A company called Blueshore Global Equity has today acquired 29m GAME Group shares, giving it an 8.35 per cent stake in the retailer and limited voting rights.

Blueshore, a global equity fund based in New Jersey, was founded in 2006 by Harsha Gowda. It specialises in equity and pooled investment funds.

As a result of the share purchase GAME's stock has today enjoyed a minor bounce, at one point climbing as high as 1.53p. It is currently trading at 1.37p – a jump of nearly 20 per cent.

Over 107m shares have been traded in total today, far in excess of the 16m three-month average.

[johnbuy] 21/3/2012 12:08

This is what happens when you can't compete on price. The supermarkets have been selling new releases £5-£10 cheaper than GAME for years now.

What the hell did GAME think they were doing?

[induna123] 21/3/2012 12:02

It didn't take a rocket scientist to see their business model was flawed. Who will be the next big high street chain to go?

[wipo1] 21/3/2012 12:01

The writing was on the wall for a while, lack of stock of new games, Game has been like a old game pawn shop for some time now. RIP

[induna123] 21/3/2012 11:59

Glad I didn't punt any cash on this. Zero return.

[daytraders] 21/3/2012 11:53

bingowing, lol, i think you better give up trading, as you seem to know nothing.

[mali7] 21/3/2012 11:52

yesterday MVC article seems to be correct then...voluntary admin...Game will be back...but shareholders get nothing!

[isis] 21/3/2012 11:47

bingo - that's nonsense.

Trade stands if done before suspension come what may.

[bingowing] 21/3/2012 11:45

rumour has it that if your sold shares are yet to settle you ain't getting your money back either.

[ron d voo] 21/3/2012 11:43

Some satisfaction in the way directors were still buying stock every month and losing money immediately until very recently. Still, it's probably peanuts to them.

[sapper2476] 21/3/2012 11:36

Congratulations to the Board on running the company in to the ground. Hope they managed to flog their shares and secure a nest egg before bugging out and leaving the workers to find another job.....

[ninja 19] 21/3/2012 11:30

RNS Number : 7782Z

Game Group PLC

21 March 2012

21 March 2012

Notice of Intention to Appoint an Administrator

"Further to this morning's announcement of the suspension of trading in shares of GAME Group plc, the board has concluded that its discussions with all stakeholders and other parties have not made sufficient progress in the time available to offer a realistic prospect for a solvent solution for the business. The board has therefore today filed a notice of intention to appoint an administrator. In the short term the Board's intention is that the business will continue to trade and discussions with lenders and third parties will continue under the protection of the interim moratorium."

[ninja 19] 21/3/2012 11:29

Game over

Administrators called.

[knigel] 21/3/2012 11:28

The board did issue 2 separate RNSs warning that it was uncertain there the options they were exploring may result in no shareholder value - so I think they're covered re litigation?