Game Digital Share Discussion Threads

[pj0077] 26/2/2018 11:37

I think you lads are obsessing on the share price a little too much.."Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard."Warren Buffet, 2013 Berkshire Hathaway Letter to Shareholders

[stamford hill] 26/2/2018 10:55

Word is Blonde is backing up the truck on this one..

[hatfullofsky] 26/2/2018 10:47

Certainly in free fall now.

[2breakout] 26/2/2018 09:23

where's Blondeamon gone? He should start his own board. Give people a good chance to SHORT stuff.

[bookbroker] 26/2/2018 09:03

May be oversold, but as long as that chimp Gibbs is in charge anything might happen, thinking this will close gap in low twenties before any chance of a rise, that cash balance post Xmas just an illusion, wish I cleared out, how does a stock halve in value without their being some sort of deceit by management, resignation of FD sums it up, he probably sees it as a basket case right now!

[hatfullofsky] 23/2/2018 13:26

Added at 29.4p, now into over-sold territory

[bookbroker] 23/2/2018 11:15

Why is that chimp Gibbs still here, in the last two years he has overseen enormous destruction of shareholder value, is British business going the way of this country, there are no suitable candidates to run these companies, no wonder Bezos is so successful, directors should be made far more accountable, they should not be paid for poor performance, I get the feeling that they believe they are infallible, such as the people at Carillion, they should be put in the dock for what they did there, no different to Enron!

[bookbroker] 23/2/2018 08:13

The chimp said he was delighted to announce the relationship with SPD. over the collaboration regarding Belong principally because it keeps him in a job for a bit longer, he has managed this company no better than a homeless person sleeping rough under the arches at Forster Square in Bradford! If they have this cash which they haven’t, why do they not develop Belong themselves and hand the rest back to shareholders, that is why Elliot Advisors are desperately bailing out!

[tsmith2] 23/2/2018 08:03

Need to see capitulation here, no rush at all to buy. Think it's v clear that we have a large overhang

[john09] 22/2/2018 23:07

And that fund is selling every single day. 20p target

[john09] 22/2/2018 23:07

Well they just halved their belong profits for 5% of the current market cap

[hatfullofsky] 22/2/2018 22:37

I think they'll be some interest in sub 30p, hard to see it going lower.

[john09] 22/2/2018 19:04

There will be a test of 30p hard and fast to shake out people tomorrow

[bookbroker] 22/2/2018 15:26

Large overhang, you have Elliot Advisors trying to offload a third of the company, the only hope is Ashley!

[tsmith2] 22/2/2018 14:40

Graph looks v ugly. Think a large overhang..

[hatfullofsky] 22/2/2018 10:58

Getting quite ugly now

[thevaluehunter] 22/2/2018 09:03

Back to 20p then.

[kazoom] 21/2/2018 20:47

hatfull,

I suspect you (or I for that matter) are not the target audience - "Dark and a little squalid." sounds ideal rather than a little disappointing imho.

On the subject of scale and the Sports Direct deal though I agree - the sales area in my local Game store has probably the footprint of a modest house - so no room whatsoever for a 'Belong room', similar I think to many of the stores in the portfolio. The local Sports Direct on the other hand probably has 20x the floor space spread across two floors and could quite easily I think be reconfigured to incorporate a Belong area - and also probably replace the existing Game retail outlet too.

Personally my reading of the deal was that they sold 50% of Belong much too cheap and that Sports Direct will get the lions share of the benefits for little risk.

However that said GMD's 50% share of the future profits could well be a nice multiple of the current share price. So whilst I don't feel it was a great deal it could still be a profitable one for shareholders given the current market cap.

That said, I am still sitting and waiting rather than buying at this stage.

[bookbroker] 21/2/2018 20:19

Ashley will buy this at some point, at the stake of Duodi, it is most likely that he will not pay them the 20p a share that they have so far refused, so instead they are having to trickle the holding into the market, it would be about £20mln the entire holding at today’s price!

[john09] 21/2/2018 19:29

Could be heading to 20p this