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 Shares Traded Last Trade
  0.00 0.0% 29.75 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
29.50 30.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 782.30 -7.40 -6.00 53
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 29.75 GBX

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Date Time Title Posts
04/7/201907:35Game Digital PLC1,255
02/11/201710:37GMD giving birth to a 200 baby GFINity arenas4
22/8/201710:56Gamedigital GAME ON POKEMON GO71

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Game Digital Daily Update: Game Digital Plc is listed in the Leisure Goods sector of the London Stock Exchange with ticker GMD. The last closing price for Game Digital was 29.75p.
Game Digital Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 176,646,090 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Game Digital Plc is £52,552,211.78.
tjb23: Question: if you accept the offer and then the share price rises above the offer (admittedly unlikely) can you still sell?
harry6804: Press reporting that the offer has been accepted... I wonder where the share price will go now?
supercity: Net cash 58 millionMarket cap 48 millionAnd... Though early in the year, the Board remains cautiously optimistic with the prospects of the Group in the future. Trading for the first 14 weeks of the year has been ahead of the prior year, with Group Retail GTV up 4.5%. GTV in both UK and Spain are up on last year 6.6% and 1.7% respectively in local currencies reflecting the benefits of a stronger performance from new game releases this year. BELONG pay-to-play performance has been encouraging for the first 14 weeks, up 50% year-on-year (excluding the two new arenas).Share price seems ridiculously low to me
supercity: Let's hope it starts to realize it's true valueGAME Digital PLC11 September 2018London, UK, 11 September 2018Edison issues outlook on Game Digital (GMD)Even as Game Digital (GMD) faces short-term trading pressure, its developing BELONG gaming arena concept is arguably part of the answer of what to do with the UK's high streets and shopping centres. The first BELONG sites under the February 2018 agreement with Sports Direct are now opening. With GMD's share price still less than net cash of 32p, neither the existing business, which currently contributes GBP10m of EBITDA, nor BELONG which we value at 23p, are attributed any value by the market. Our total valuation is 75p.GMD trades at a discount to its net cash of 32p per share. We value the shares on three metrics: peer comparison, DCF and sum of the parts (SOTP). Our peer valuation of 93p is an average between US operator GameStop, whose valuation points to a GMD value of 59p, and UK special interest operators, indicating 126p. Our DCF valuation using a high 15% WACC is 61p. Our SOTP metric adds the BELONG roll-out valued as a project, net cash and the existing business conservatively treated as a perpetuity at 30%, totalling 71p. Our blended valuation between these three metrics is 75p (previously 74p). However, we note that our SOTP indicates that BELONG and cash alone are worth 55p per share.
kazoom: That does appear to be the case. Looks like they bought more than 3m shares on Friday, which would explain the large trades we saw then - but not the two trades from today that supercity referenced. Meanwhile though the share price is retracing somewhat from what I personally see as the perverse reaction to the profits warning. So far I have managed to "cross the spread" on my small short and am now nearly 0.5% in profit (whoop whoop!), still thinking I might make 10-15% on this position as the shine comes off, but perversely I'm a potential buyer if and when we get material news that BELONG will deliver the goods - in reality though there is probably a bit of a wait before that might happen imho. In the short term I expect further drops in the absence of material news, but that is just my personal opinion and whilst I welcome contrary views I'd rather not get into the usual "Bulls vs Bears hate cycle" if that's okay with everyone?
kazoom: I doubt that those undisclosable shorts add up to much at all to be honest. The apparently lowly share price imho is more driven by a lack of buyers, except on periodic and short-lived periods of excitement. I actually wasn't short at the time of writing, but I have now taken out a very small short - simply a short term trade, solely because I think the near 30% share price rise on what was a mild profits warning doesn't make sense. I expect it to come off as other rallies have over the last few months.
thevaluehunter: Share price doesn’t look like budging for a while.
john09: I see Elliot have taken a stealth position in Whitbread last week - Sunday Times comments that they are activists and will want Costa spun out. I think their pulling out of GMD will help the share price and the strategy
kazoom: 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.
kazoom: 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.
Game Digital share price data is direct from the London Stock Exchange
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