Game Digital Share Discussion Threads

[marmar80] 05/7/2017 02:06

Invesco is selling so the price goes down. Another 10% shares to go probably.

[gfrae] 04/7/2017 08:44

Are these shares good value at 23p ? With £65m of cash odd ? Or are the lease liabilities greater ?
In the case of the company ceasing to trade what would the liquidation value be ?
These are questions .

[stuart14] 30/6/2017 14:08

bulltradept- yep, it is disgusting though. I don't hold and wouldn't touch it with a barge pole, but clearly there is something wrong going on here.

[brx7] 30/6/2017 13:34

Rinse repeatDont think it will survive this one

[rock star] 30/6/2017 10:12

Been bust once. Will go bust again. Just a matter on when.

[rock star] 30/6/2017 10:12

Been bust once. Will go bust again. Just a matter on when.

[bulltradept] 30/6/2017 10:02

Don't blame the players blame the game!

[opodio] 30/6/2017 08:04

GAME OVER MAN

[phowdo] 30/6/2017 07:54

Sold to suckers by Private Equity when it relisted.
Everyone knew traditional retail for videogames was on the way out.

[opodio] 30/6/2017 07:32

down to 21p today

[bulltradept] 30/6/2017 07:30

Going the same way as Rhino did.

[opodio] 30/6/2017 07:23

Woodford taken a slap on UTW yesterday


Woodford will take a slap on GMD today after profit warning

[fozzyb] 23/5/2017 19:37

Looking for a good short, this seems to have the right attributes, has the action already been largely done though?

[kobanaman] 03/5/2017 10:19

If you know anything about games, you know physical game stores are on their way to the trash. Avoid like the plague

[gfrae] 08/4/2017 09:02

Thanks mystic. So if noone is going to buy them . It is a calculation of the Net present value,which of course needs some knowledge of their market.

[mystic meg1] 07/4/2017 17:06

Yes Elliot was the fund behind buying out of administration and have been trying to buy back substantial shares before the AGM. Most of the c100million originally in the bank was from the floatation plus another circa15mill from the sale and lease back of the HQ. I'm sure if he could reacquire and sell on at a profit again he would but as you say who would buy at a decline in the cycle. GameStop I'm sure would have scooped them up 3 years ago if the IPO hadn't dropped a few more dollars than they could justify but like Game they are also mid free fall in the console cycle and again like Game are trying desperately to diversify into venues etc...Maybe a little too late though?

[gfrae] 06/4/2017 09:24

This share looks cheap. Two shareholders own over 65 % of the company Elliot and Woodford so I suppose share price depends on what they are up to ? Presumably Elliot are not going to take it private again and are sellers at the right price. Who might buy this business which appears to be in decline ? It does appear to generate a lot of cash though.

[luckymouse] 01/4/2017 15:49

Fair comment - the divi cut may balance some of that out though I guess. Its a punt on a turnaround isn't it - we know for sure they are having a genuine go - and sounds like it will be successful from early trials to some degree - but we don't know to what extent. So a little common sense and reading of the portents is required. The OBV properly jumped here - which implies institutional analysts fancy it - which is one reading - another is the news where they are taking some turnaround measures ie cut the ex's and improve the revs - neither massive in their own right but together will improve. (Personally I think they should have ditched the divi altogether but may have had inst's to satisfy). So putting that together justifies the share price stop falling and some reversion to mean - the next phase ie a hard conf with better numbers will of course be at a higher price - so its a choice. For me, with the base at least you have some reversion to mean to enjoy, small number distortion providing exaggerated %s, and the risk reward ratio is a little more favorable down here.
Looking at the mobile mkt - theres a shift to more tablets and large phablets and they have improved - so my guess is that's the direction its partly going - so these guys moving to the beyond VR thing makes sense as that's a premium experience - selling second hand gaming tablets/phablets & VR kit would also make sense as that's where some of the hardware money is going.

This gaming analyst thinks the Nintendo Switch will be a reasonable hit - not a home run like the Wii - but better than the Wii U - so another improving sign.



free stock charts from uk.advfn.com

[mystic meg1] 01/4/2017 09:28

Ha ha. Been there, lost in the last dip of the Gaming cycle after hardware tailed off. Too much Capex and bigger rents being spent for my liking at a time when the new concepts haven't been proven over (beyond?) any significant period. Still end of year results will show one way or the other, then the always illusive Christmas high expectations and footfall followed by further erosion of cash let's not forget £15m plus went in the bank when the HQ was sold with a large rent from the bottom line to pay each year . I'll buy on the up at the next incarnation of Game PLC maybe Beyond VR PLC. ?

[luckymouse] 31/3/2017 18:56

nothing mysterious about your desire to get in lower meg lol

~EU Counties: UK, Germany, France(Q), Spain(P), Italy, Portugal

[mystic meg1] 31/3/2017 16:32

Is there any real substance to the promises of a better second half? Spain have always tracked behind the uk game market, can we expect the continued uk decline to be met by a Spanish decline sometime soon...

[luckymouse] 30/3/2017 12:45

Charts are timing & targeting, good news drives - so on that basis the chart is better quality than dec which only had short term divergence - this one has both short and long term bullish dvg - so dbl conf.
Plus the news is better with the acceptance that the console mkt is weaker (so in the price now), plus cost cuts, and a new plan based on successful trials of in store & VR gaming - a bit like a modern take on the old gaming arcades which also sold food & refreshments - which will lift revenues & attract a more sticky audience rather than just passing trade. Well considered mini restructure I would say.
On that basis some local range reversion to mean is justified so probably back up to the line - then a break up to 95-105 area if the next TU confirms the plan.
There's also a long term B/O on the OBV implying any overhang may have gone.