Game Digital Dividends - GMD

Game Digital Dividends - GMD

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Game Digital Plc GMD London Ordinary Share GB00BMP36W19 ORD GBP0.01
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
0.00 0.0% 29.75 0.00 0.00 0.00 29.75 00:00:00
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Industry Sector

Game Digital GMD Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

tjb23: Question: if you accept the offer and then the share price rises above the offer (admittedly unlikely) can you still sell?
harry6804: Press reporting that the offer has been accepted... I wonder where the share price will go now?
supercity: Net cash 58 millionMarket cap 48 millionAnd... Though early in the year, the Board remains cautiously optimistic with the prospects of the Group in the future. Trading for the first 14 weeks of the year has been ahead of the prior year, with Group Retail GTV up 4.5%. GTV in both UK and Spain are up on last year 6.6% and 1.7% respectively in local currencies reflecting the benefits of a stronger performance from new game releases this year. BELONG pay-to-play performance has been encouraging for the first 14 weeks, up 50% year-on-year (excluding the two new arenas).Share price seems ridiculously low to me
supercity: Let's hope it starts to realize it's true valueGAME Digital PLC11 September 2018London, UK, 11 September 2018Edison issues outlook on Game Digital (GMD)Even as Game Digital (GMD) faces short-term trading pressure, its developing BELONG gaming arena concept is arguably part of the answer of what to do with the UK's high streets and shopping centres. The first BELONG sites under the February 2018 agreement with Sports Direct are now opening. With GMD's share price still less than net cash of 32p, neither the existing business, which currently contributes GBP10m of EBITDA, nor BELONG which we value at 23p, are attributed any value by the market. Our total valuation is 75p.GMD trades at a discount to its net cash of 32p per share. We value the shares on three metrics: peer comparison, DCF and sum of the parts (SOTP). Our peer valuation of 93p is an average between US operator GameStop, whose valuation points to a GMD value of 59p, and UK special interest operators, indicating 126p. Our DCF valuation using a high 15% WACC is 61p. Our SOTP metric adds the BELONG roll-out valued as a project, net cash and the existing business conservatively treated as a perpetuity at 30%, totalling 71p. Our blended valuation between these three metrics is 75p (previously 74p). However, we note that our SOTP indicates that BELONG and cash alone are worth 55p per share.
kazoom: That does appear to be the case. Looks like they bought more than 3m shares on Friday, which would explain the large trades we saw then - but not the two trades from today that supercity referenced. Meanwhile though the share price is retracing somewhat from what I personally see as the perverse reaction to the profits warning. So far I have managed to "cross the spread" on my small short and am now nearly 0.5% in profit (whoop whoop!), still thinking I might make 10-15% on this position as the shine comes off, but perversely I'm a potential buyer if and when we get material news that BELONG will deliver the goods - in reality though there is probably a bit of a wait before that might happen imho. In the short term I expect further drops in the absence of material news, but that is just my personal opinion and whilst I welcome contrary views I'd rather not get into the usual "Bulls vs Bears hate cycle" if that's okay with everyone?
kazoom: I doubt that those undisclosable shorts add up to much at all to be honest. The apparently lowly share price imho is more driven by a lack of buyers, except on periodic and short-lived periods of excitement. I actually wasn't short at the time of writing, but I have now taken out a very small short - simply a short term trade, solely because I think the near 30% share price rise on what was a mild profits warning doesn't make sense. I expect it to come off as other rallies have over the last few months.
thevaluehunter: Share price doesn’t look like budging for a while.
john09: I see Elliot have taken a stealth position in Whitbread last week - Sunday Times comments that they are activists and will want Costa spun out. I think their pulling out of GMD will help the share price and the strategy
supercity: Like for like up 10% up to a week or so again£500m turnover£80m+ in cashMarket cap £40mEven me being scriptural about their future would be hard pushed to say the share price shouldn't be at least double where it is today and where it was a month or two ago
kazoom: hatfull, I suspect you (or I for that matter) are not the target audience - "Dark and a little squalid." sounds ideal rather than a little disappointing imho. On the subject of scale and the Sports Direct deal though I agree - the sales area in my local Game store has probably the footprint of a modest house - so no room whatsoever for a 'Belong room', similar I think to many of the stores in the portfolio. The local Sports Direct on the other hand probably has 20x the floor space spread across two floors and could quite easily I think be reconfigured to incorporate a Belong area - and also probably replace the existing Game retail outlet too. Personally my reading of the deal was that they sold 50% of Belong much too cheap and that Sports Direct will get the lions share of the benefits for little risk. However that said GMD's 50% share of the future profits could well be a nice multiple of the current share price. So whilst I don't feel it was a great deal it could still be a profitable one for shareholders given the current market cap. That said, I am still sitting and waiting rather than buying at this stage.
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P: V: D:20200219 08:04:51