Share Name Share Symbol Market Type Share ISIN Share Description
Game Digital PLC LSE:GMD London Ordinary Share GB00BMP36W19 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 30.45p 29.20p 30.40p - - - 31,651 12:29:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 769.7 -10.0 -7.1 - 52.66

Game Digital Share Discussion Threads

Showing 1201 to 1224 of 1225 messages
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
DateSubjectAuthorDiscuss
20/9/2018
12:31
Looks like a good option D
dennisbergkamp
11/9/2018
17:28
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.
supercity
31/8/2018
10:19
closed out my short here for a decent 15% gain. I still tend to think there is room here for further downside in the near term, but no need to be greedy.
kazoom
29/8/2018
10:59
Interesting article here from Credit Suisse about E-gaming. Video gaming and e-sports more popular than cricket and second only to football. https://www.credit-suisse.com/corporate/en/articles/news-and-expertise/the-emerging-consumer-drives-gaming-and-esports-growth-201804.html
daburd
28/8/2018
17:36
Hi jinvest1, For me - the top-line numbers were probably better than I expected but what did it for me was : with strong sales of lower-margin Digital and Hardware, and continued challenges in the Preowned business that have impacted on the overall gross profit rate. Gross Margin on hardware is c. 7%, Pre-owned is c. 30% (can't remember digital off the top of my head but I think it is single digits). I don't think it was a "horrible" profits warning, but I think it was slightly "obscured" and in my judgement, the rally just seemed far too much. Even though I'm currently short - the reason I'm watching is that I think there might be good recovery/transformation play in due course.
kazoom
28/8/2018
16:49
Hey Kazoom, just out of interest what parts of the update made you think it was a veiled profit warning? seemed in line with predicts to me...
jinvest1
28/8/2018
16:38
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
28/8/2018
15:53
Miton buying by the look of it.
clanger66
28/8/2018
11:37
Interesting on a share that doesn't tend to have large trades show three 500,000 trades after it rose from 28 to 35p in the past week or two
supercity
24/8/2018
12:04
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.
kazoom
24/8/2018
11:27
kazoom - the shorts are the ones that don't have to be disclosed - that's over 90% in the market as a whole. Looks like you might have disclosed your short position though!
thechurch333
24/8/2018
10:09
Big volume trades printed at 36 pence
clanger66
24/8/2018
10:09
All a question of perspective, in the medium you might be right. But for now, despite it's good points, I see an unprofitable high street retailer with predominantly operating in the UK. It was battered down not because of shorters but because nobody wanted to hold the shares - other than Mike Ashley; whose interest may not align with other shareholders.
kazoom
24/8/2018
09:48
I don't think it is over hyped. More it was unfairly battered down and now beginning to return to fair value after bad news did not materialise.
greenknight1
24/8/2018
09:36
What ahorts are those thechurch? No notifiable short interest here, so if there are any they are all very small. Seems to me at the moment that this is more over hyped than it is over supressed.
kazoom
21/8/2018
18:22
Good to see the shorts getting squeezed here. No reason why this can't continue.
thechurch333
21/8/2018
12:38
Given how long we have had to wait since the last update and the dire state of UK retail in the interim, this is a very good result. The scaremongering over trading at BELONG also appears wide of the mark and the increase in capacity at existing sites is a very positive sign (and in line with my anecdotal evidence). Roll-out does appear to have been delayed however. There is a huge working capital requirement leading up to the peak selling season, hence the need for borrowing facilities. The UK facility was unused in 2017 (and probably in 2018 also, but not confirmed) but that doesn't mean net cash stayed above £50m - it will have been much lower at some points of the year. Interest charge reflects overdraft and facilities fees plus interest on Spain facility which was used. These facilities don't come cheap, especially to cyclical retailers such as Game. Interest earned on net cash balances is negligible. Finance charges are forecast to be <£1.0m in year just ended, reflecting the improved cash management. For me it's all about BELONG. It would have been nice to see some more detailed numbers here, but the statement that "the existing 19 BELONG arenas continue to perform well with all key metrics advancing, a considerable affirmation of the offering" will have to suffice for now.
thechurch333
21/8/2018
12:09
I’m still struggling with this net cash figure...2017 annual Report note 9 says finance costs of £1.2m on overdrafts & loans...are we saying that is all a facility fee ...and they actually roll with £50m cash minimum....in which case why only £100k in interest income? That equates to only 0.2% which sounds way too low for a minimum 50m balance. They could be a lot clearer eg httP://www.gamedigitalplc.com/~/media/Files/G/Game-Corp-V2/documents/results-reports-presentations/2017/full-year-results-presentation-2016-17-v1.pdf ..that says the U.K. ABL facility was undrawn in the year ...but doesn’t say what the situation in Spain was ...a simple monthly cash graph would help enormously
rhomboid
21/8/2018
10:24
About as expected, luckily no big (bad) surprises, maintaining a strong cash position with continued growth in Spain and only marginal reduction in sales in the UK, which considering the lack of big releases this year is not bad at all. Don't really see the profit warning you guys are talking about, some talk of reduction in gross margin but accompanied by improved cost savings. H2 is always worse than H1 so looking forward to H12019 and some very good H2 2019 results following on from new releases. I think this was the scariest update as was always going to be a dull half, but they seem to be doing okay.
jinvest1
21/8/2018
09:46
Like I said you have to read the results in the context of the huge amount of cash inflows on Nintendo switch last year. The company said last year that those very consoles had caused a spike in sales so either Edison and Liberum cannot read RNS or as usual totally clueless. An AT seller around the last week or so at 28/29 p so will continue to lurk...
s1zematters
21/8/2018
09:26
It is a profit warning. Edison and Liberum have cut EBITDA forecasts for this year and next by 7-10%.
wjccghcc
21/8/2018
09:03
It has got 59 million in cash, the finance charge for the latest accounts show 6ook That is for an overdraft/ finance facility, the nature of the business is that it cash inflows are geared towards the Xmas market and so although the cash figure fluctuates, there is a constant figure of over 50 million in net cash. Cash figures from last results 21/8/18 GBP58 million 27/1/18 GBP84.9 million 15/10/17 GBP47.2 million 28/1/17 GBP69.0 million, I don't own these but I am surprised the figures are better than I expected, last year Game had the benefit of all those sales of the Nintendo switch at £300 a pop. When you take that into consideration the figures have held up very well. Lurking...
s1zematters
21/8/2018
08:44
The Group has continued to maintain a highly-disciplined approach to both working capital and cash management and expects to report an increased year end cash position (net of overdrafts) of approximately GBP58 million (2017: GBP47.2 million). In addition to this positive net cash balance, the Group has access to combined facilities across the UK and Spain of up to GBP130 million, increasing up to GBP169 million over the peak period.
supercity
21/8/2018
08:37
It hasn’t got £58m in the bank...most of the time hence; ‘ the Group has access to combined facilities across the UK and Spain of up to £130 million, increasing up to £169 million over the peak period.‘ Last time I looked the finance charge in the accounts suggests average 50m debt..
rhomboid
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
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