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GMD Game Digital Plc

29.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Game Digital Share Discussion Threads

Showing 426 to 449 of 1350 messages
Chat Pages: Latest  18  17  16  15  14  13  12  11  10  9  8  7  Older
DateSubjectAuthorDiscuss
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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