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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 29.75 | 29.50 | 30.00 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
04/9/2017 07:11 | Thanks kazoom..I clearly didnt read the interims properly | nurdin | |
03/9/2017 21:37 | Hi nurdin, That net cash figure at the interims is the seasonal high point (Cash from Christmas sales in the till, but suppliers not yet paid). They have already signalled that net cash at the year end (29-Jul) was £47m (up £4m YoY). I'm tempted to think though that even that figure is somewhat flattering and maybe cash is lower at other points in the year. I should add that I have no concrete reason for that view except that : 1. In 2014 they issued a special dividend of £25m citing : "balancing the need to fund growth with the discipline of returning excess capital." But still ended the following year with net cash of £63m. (note also that cash depleted £16m in the meantime). and 2. The fact that they are seeking to renew debt facilities to (from memory) c. £200m+ ostensibly to support capex on the new UK format even though the apparent cash pot plus ongoing cash flow , should easily fund the capex. - In a discussions somewhere (might have been the other ADVFN thread) it was suggested that this might be just playing safe and establishing the facilities (whether needed or not) while the going is good. - The other possibility that now crosses my mind, is that the could be building a war chest in case the opportunity to buy distressed assets arises. I don't know the background to them owning the Spanish business, but if you have a concept that works in Spain and the UK - why not elsewhere? So I guess getting to the point (hoorah!) whilst the cash balance is good, I don't think this is the classical situation where you can value the cash-pile separately from the business; I think it is essentially used by the business. Also just to note, I'm probably "talking my own book here" - I sold on Friday having bought at c. 22p after the profits warning. It still think there is value here, but for me it is now watch-list territory again. The essential reason for my purchase, the misguided reaction to the profit warning has now been taken out by the reaction to the actual year end trading update. I do think there is significant potential upside here, but I'm generally sitting out of retailers at the moment and I personally think there is more bad news to come that will lead to further share price falls. Anyway that's what I think. (If I wasn't so lazy I would link to the Monty Python French Waiter). | kazoom | |
03/9/2017 14:02 | No debt or pension and their average store has a lease break at 1.2 yrs. They have positive exposure to the euro via the Spanish business and I think the upcoming release schedule should be a decent tailwind with the Nintendo switch proving popular. Finally their online metrics on semrush look very positive. | thevaluehunter | |
03/9/2017 11:33 | Am I reading the accounts properly? They appear to have net cash of circa £70m on the balance sheet which is higher than their current market cap !! | nurdin | |
01/9/2017 12:28 | I have him filtered but I presume 34dd just posted a gif of a woman with her boobs falling out of her bra into a bin or something. | runthejoules | |
30/8/2017 15:39 | Looks like we will be soaring to the high 40s tomorrow | kirk 6 | |
30/8/2017 15:20 | Nice spike downy here briefly... Didn't work. | babbler | |
30/8/2017 13:43 | News highs will be smashed daily here now as we are in clear air | kirk 6 | |
30/8/2017 10:25 | Neil Woodford's fund invested in GMD when the price was much much higher. They kept faith with the company all the way down but then sold all their shares at 20-something pence to Mike Ashford. That looks like the worst kind of investor error ! And it comes on top of some other high-profile missteps recently by Woodford. | harveydee | |
29/8/2017 17:35 | 40p being paid at close will potentially look extremely cheap end of week | kirk 6 | |
29/8/2017 15:41 | They tried a small shake this morning. Didn't work. Just need 40 p to break tomorrow... | babbler | |
29/8/2017 14:50 | On the cusp of breaking 40p! Above that literally no resistance | kirk 6 | |
29/8/2017 14:31 | Reminds me of AEN, stoppable | bennie_m | |
25/8/2017 15:17 | Before the holidays end too... | babbler | |
25/8/2017 14:38 | Get in before the long weekend press boys | kirk 6 | |
25/8/2017 09:53 | It can...50p next week. Imo. | babbler | |
25/8/2017 09:29 | can it keep the pressure upwards? If it does happy days If it does not, buy on the dips. | bennie_m | |
25/8/2017 09:28 | Let the buying commence | kirk 6 | |
25/8/2017 08:24 | The spread at open was 37.25 -40.00p. A few small hits at 40.00p to entice buyers, that's why it was showing 10% up. | 1he warrior | |
25/8/2017 07:20 | You shouldn't really be surprised. Not sure why data shows 10 percent up though... | babbler | |
25/8/2017 07:06 | On the move again | albanyvillas | |
24/8/2017 22:56 | Gamestop bullish on switch sales on their q2 conference call. Lots of good releases and the xbox one X coming up soon. | thevaluehunter | |
24/8/2017 17:42 | Agreed look forward to tomorrow to be trading well into the 40s | kirk 6 | |
24/8/2017 16:26 | Good day. Buy on the dips. Yes it has risen quite a bit since July pricing, but do remember 52 week high is 70p. lowest 17p. | broken record |
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