Game Digital Share Discussion Threads

[nw99] 21/1/2018 17:52

Very close to cash on the balance sheet should be a great investment for 2018

[bookbroker] 19/1/2018 16:04

This will be trading at cash soon, either Gibbs stops wasting his time with stores or that cash pile will be dismissed, here we have a board who need to step up to the plate, they have been given a much easier job than would be did they not have this cushion, but I suspect they will do what most businessmen do these days when they are playing with shareholders capital and blow it!

[bookbroker] 19/1/2018 16:04

This will be trading at cash soon, either Gibbs stops wasting his time with stores or that cash pile will be dismissed, here we have a board who need to step up to the plate, they have been given a much easier job than would be did they not have this cushion, but I suspect they will do what most businessmen do these days when they are playing with shareholders capital and blow it!

[bookbroker] 18/1/2018 20:57

Best thing that Duodi do sell down, or Elliot Management, far too large a holding to be healthy for this company!

[twistednik] 18/1/2018 20:01

Another reduction in holdings. Not helping the share price. Would be good to know their intentions as will put further pressure on the price ...

[kazoom] 18/1/2018 14:16

Yes they are john see page 107 of the AR.

(Also several mentions of the relationship in other parts of the AR. Where we you looking?

[john09] 18/1/2018 10:08

Not sure I understand that Duodi Investments RNS, they aren’t registered as a major shareholder

[twistednik] 18/1/2018 09:49

Strong bounce this morning, hopefully 50p is the new support level!

[twistednik] 18/1/2018 09:49

Strong bounce this morning, hopefully 50p is the new support level!

[hatfullofsky] 17/1/2018 16:23

It's a good sign when resistance level becomes the support level, unfortunately that looks like 40p.

EV now GBP 13m FFS !!!!!

I'm buying again at 40p but kicking myself for not slicing a few at 60p

[thevaluehunter] 17/1/2018 16:06

Search engine marketing website semruch says traffic Jan 18 5.44m vs Jan 17 3.85m.

[2breakout] 17/1/2018 15:46

Never fear Blondeamon will be topping up his 50 quids worth

[bookbroker] 17/1/2018 15:38

Oh dear, oh dear oh dear, they had better have something tangible to say at the AGM., the selling suggests bailing out because the management are not not sharp enough! We’re down 25% since the update, a load of twaddle!!

[bookbroker] 16/1/2018 23:54

Some talk about Belong being an experiment, these are located in many of the existing stores so they shift a few things around in the daytime, but they need to invest more, they will money selling drinks and snacks to users of the experience but they also need to employ people who are specialists in entertainment and a user experience, they talk about multi-channel, now they need to execute properly, no excuses accepted for failure whatsoever!

[kazoom] 16/1/2018 22:22

I'm not sure where the price is going in the near term to be honest.

But it seems to me that since the share price spent a few months bouncing around just below 40p there have been three material events :

1. The disposal - this was better than I expected and worth a few pence on the share price (balance sheet effect) - so lets say that raises the 'natural' share price to around 40p.
2. The SCSW tip - which seemed to cause a roughly 50% increase to 60p. But this effect tends to be quite short lived, before punters get bored.
3. Christmas trading - It wasn't a disaster so it removed a lot of the downside, but neither was it exceptionally good.

For me therefore I expect the shareprice to bounce around between 40p and 50p for sometime yet. BELONG (and Esports in general) does offer a substantial potential upside, but it is still quite a new (and largely unproven in scale) concept.

So personally I expect the share price to settle somewhere between 40-50p until something material happens.

So I'm out at the moment because I don't want to sit on a shareprice going nowhere for several months.

If something really transformational happens I will be a buyer - I will miss out on the first 10+% move but I'll be content with that as the upside from strong E-sports traction is probably 200-300%+

In the near term though I can't personally see a need to tie up my capital holding these shares.

[imnotspartacus] 16/1/2018 20:10

Not wanting to draw attention to it but there is a worrying gap at 25.4p!

[hatfullofsky] 16/1/2018 16:24

Not pretty, are we heading back to 40 to form a new support level ?

Just ran the numbers on Belong

FY updated stated 90,000 hrs of game time played in Q1
Update stated 155,000 hrs played in 23 weeks to 6th Jan

So 65,000 in Q2 to date (10 weeks) extrapolate that out you get an additional 19,500 hours for the additional 3 weeks in Jan.

Meaning Q2 will have 84,500 hrs played (down 5% on Q1)

Is this what is spooking investors ?

[hatfullofsky] 16/1/2018 15:16

@bookbroker - I think they will focus on large format high street stores to add footfall through e-sports. Then slowly wind down the low margin merchandise. This is a long term play with 67m in the bank. Need to watch the Belong figures like a hawk.

[2breakout] 16/1/2018 13:52

Blondeamon recall you saying the same thing about Carpetright!

[thevaluehunter] 16/1/2018 13:23

Cash £67m (£24m ahead of last year) market cap £86m. Edison have got £12m in for their FY18 ebitda forecast.

[blondeamon] 16/1/2018 10:58

Bought more today, I see no reason for the fall and a very promising/undervalued company.

[essential] 16/1/2018 10:26

Sold out this am - seems it could drift until the gaming zones really come to fruition. Opportunity costs too great

[bookbroker] 16/1/2018 09:08

I understand the future of Esports, but this company may as well close every store in the country as soon as the leases are up, the market places zero value on the retail side whatsoever judging by the decline since the trading statement, I would rather see them run down the stock, and hand back any surplus capital to shareholders. Frankly I’d have thought Nintendo, etc would like a prescence on British high streets, but maybe they do not care!