Game Digital Share Discussion Threads

[john09] 20/2/2018 17:18

I think the issue with this deal is that the future was bright because of the gaming arenas. That’s what people were buying into here. They weren’t buying into the shops! So they’ve basically sold 50% of Belong for £3m lol 😂which suggests it wasn’t worth much at all in the companies eyes!

[kirk 6] 20/2/2018 16:56

Major holders reducing aswell

[manrobert] 20/2/2018 14:15

I have sold out too.

[kirk 6] 20/2/2018 14:06

This is in free fall now will this go back to 15p?

[thevaluehunter] 20/2/2018 14:04

I'm still in. The interim results should be interesting to see how much cash they have relative to their market cap... 100%-150%.

[gersemi] 20/2/2018 13:51

Took a small loss here. I can't read the company nor the price. It's way beyond my abilities as a stock-picker

[bookbroker] 20/2/2018 13:50

They need to close stores, just wasting any chance of providing investors with a return, Gibbs and Co. just in this for their own self-centered interests, they are not here for outside investors, you seen the stores, they are a disgrace, would look better if stock displayed in a portacabin! Or maybe a horse box!

[manrobert] 20/2/2018 12:56

think I may have bought a dud here.

[manrobert] 19/2/2018 16:42

keeps falling away in closing auction

[bookbroker] 14/2/2018 09:54

Nothing fishy here, Belong will become a separate entity sooner rather than later, it is better to negotiate different terms for the deal with SPD., most likely more favourable!

[thevaluehunter] 13/2/2018 15:52

Share price in freefall. Maybe they should have explained why they need such massive loan facilities in the last RNS. Cash of £67 million on 31 December 2017 with access to facilities of approximately £86 million and now another loan agreement for facilities of up to £55 million. So if they draw everything they would have c£208m surely that's way in excess of what they need for working capital and the belong capex.

[hatfullofsky] 13/2/2018 15:45

Blimey that's a big reaction. Sold 40% of my holding at 40p. Very disappointed in the news flow.

[hatfullofsky] 13/2/2018 10:36

Yep Stocko SCVR also raises concerns

[nw99] 13/2/2018 08:30

Press don't think much to the deal doesn't look good

[lucicavi] 13/2/2018 07:16

Sports Direct plans to open e-sports areas in some of its stores as it increases its collaboration with specialist games retailer Game Digital.

The retailer will allow space in which to sell both physical gaming products and for players to meet and compete.

E-sports, essentially computer and console gaming, can be played in public and attracts many spectators.

Game Digital said Sports Direct had paid £3.2m for 50% of its Belong business, which provides gaming arenas.

Game launched Belong about a year ago in the Manchester Trafford Centre. It now runs 19 such venues.

The company still sells physical computer games, as these are often so highly detailed and data heavy they are impractical to download.

'Exciting collaboration'
E-sports takes several forms. At the top there are professional players, some employed by top level football clubs, who can earn millions, right down to the casual player who engages in the e-gaming equivalent of kicking a ball about the local park.

Although it takes place onscreen, enthusiasts like to gather in the same space to compete in person and spectate.

Game Digital also hosts festivals of e-sports, under the name Insomnia.

Sports Direct, which is run by founder Mike Ashley, has previously said it wanted to become the Selfridges of sports retailing.

Selfridges is know for offering "experiences" to shoppers as well as selling physical products.

Sports Direct, which has almost 500 stores in the UK, has not said how many of its stores will host the gaming outlets.

Broking firm Liberum, which is retained by Game Digital as its house broker, called the move "an exciting collaboration".

"It provides significant support, strategically and financially, in order to accelerate the group's transformation away from a pure retailer, exposed to the gaming console cycle, and further into the growth areas e-sports and events."

Other investors agreed, marking Game's shares up by 12% at one point, before slipping back to stand 9% higher in morning trade. Shares in Sports Direct were up 1%.

[lucicavi] 13/2/2018 07:16

Sports Direct plans to open e-sports areas in some of its stores as it increases its collaboration with specialist games retailer Game Digital.

The retailer will allow space in which to sell both physical gaming products and for players to meet and compete.

E-sports, essentially computer and console gaming, can be played in public and attracts many spectators.

Game Digital said Sports Direct had paid £3.2m for 50% of its Belong business, which provides gaming arenas.

Game launched Belong about a year ago in the Manchester Trafford Centre. It now runs 19 such venues.

The company still sells physical computer games, as these are often so highly detailed and data heavy they are impractical to download.

'Exciting collaboration'
E-sports takes several forms. At the top there are professional players, some employed by top level football clubs, who can earn millions, right down to the casual player who engages in the e-gaming equivalent of kicking a ball about the local park.

Although it takes place onscreen, enthusiasts like to gather in the same space to compete in person and spectate.

Game Digital also hosts festivals of e-sports, under the name Insomnia.

Sports Direct, which is run by founder Mike Ashley, has previously said it wanted to become the Selfridges of sports retailing.

Selfridges is know for offering "experiences" to shoppers as well as selling physical products.

Sports Direct, which has almost 500 stores in the UK, has not said how many of its stores will host the gaming outlets.

Broking firm Liberum, which is retained by Game Digital as its house broker, called the move "an exciting collaboration".

"It provides significant support, strategically and financially, in order to accelerate the group's transformation away from a pure retailer, exposed to the gaming console cycle, and further into the growth areas e-sports and events."

Other investors agreed, marking Game's shares up by 12% at one point, before slipping back to stand 9% higher in morning trade. Shares in Sports Direct were up 1%.

[hatfullofsky] 12/2/2018 14:09

definately like the idea of consolidation in retail based on complimentary businesses, I think we may see more of this, throughout the retail area where practical

[lucicavi] 12/2/2018 08:43

will hit 55p this week imho as neews sinks in

[bookbroker] 12/2/2018 08:42

It looks a good deal, an unsecured loan for a fifty per cent stake in an unknown, most of the current Belong formats are in stores that GMD have been able to utilise by shuffling the chairs, what this deal does is provide scope for GMD to expand the brand, and most likely speed up the closure of borderline operations in stores of their own, whilst using SPD to enable the range of products they can sell in bigger stores. OK they have had to let go of half the future earnings, but Ashley already owned 25% of GMD, so what is the big deal!

[lucicavi] 12/2/2018 08:35

will roll out massively fast now

low rents too superb deal

cash intact at £50m. Thats the whole market cap in cash


Superb

[hatfullofsky] 12/2/2018 08:05

Well now we know why the CFO departed. IMO this is a bitter sweet deal. Basically we've sold 50% of the profits of our only growth business for 3.2M and access to Sports Direct stores. We now have governance over where we open stores (read not near a Sports Direct store) Why do we need the loan and 20m working capital. Makes me very concerned on the cash position.

[nw99] 12/2/2018 07:16

Nice good news going to be a winner

[gersemi] 12/2/2018 07:07

Sports Direct development - We all knew this would happen

[hatfullofsky] 07/2/2018 13:01

I guess all are shell shocked