The Game Group Shares (GMG.LSE)

deutsch

Last time I talked about a share on here, Premier Foods (PFD.LSE), some people took my tip and made a profit. (Warning - I'm not an expert). It was risky and I wasn't advising anyone, just wanting feedback. I actually sold these too early compared to what the price is at now

http://www.bbc.co.uk/news/business-17336697

This following article gave me another opportunity to gamble. I was going to post here, but I wasn't as confident as Premier Foods as I was with Game. At approx 1p/share it was lose everything or make a nice profit.

I purchased shares at 1.04p and today it has ended on 2.10p making me a nice tidy profit of almost 101% profit from my original investment. The idea is I can lose 100% of my investment, but if the price increases, well how far it will go will depend on what I could make. 3p = 200%, 4p = 300% etc. It WAS a gamble and I wouldn't have recommended anyone unless they could afford to lose money.

Anyway, I like you lot in discussing / challenging / debating posts so I thought I share what I have done so far. What would you do if you were me now sitting on the profit? Shall I be greedy and just sit on them now?

As a brand, I don't think they are capable of surviving what the internet and improvements in technology have done. It's like books, music (CDs, etc). But I thought the shares just plummeted due to the fear factor and that only time will tell whether they are correctly valued or not.

(Please do not blame me if you take a gamble just by hearing this, it is your money and your decision)

Edited because of these articles:
http://spong.com/article/26577/Game-Group-Suitors-Include-Comet-and-WalMart
http://www.londonstockexchange.com/exchange/news/dow-jones/news-detail.html?newsId=20120314SN009977

longleggedhair

If I was you I would be grateful to have any profit at ALL! Get out now while you still can!

brasso

Sell......

MoneySaverLog

Quiet often the name of the game is not about "when to get into a market" but "when to get out"

Knowing when to get out is probably just as important as knowing when to get in.

Credit-Crunched

I am off to Cheltenham on Friday - chuck me your money and I will put it on a 100-1 three legged donkey, more chance of a return there!

Game has no future:

- Cant compete with digital downloads like steam , psn
- Can not offer the loss leader prices Tesco etc do on COD and other main sellers
- Major games companies not selling through their stores
- Has ever increasing strains from rents that are rocketing in PRIME commercial locations
- This negative press was the nail in the coffin, people pulling money out at a rate of knots will smash their cap/debt ration to smitherines
- Would rather take a punt on THomas Cook!

Radiantsoul

It seems most likely the end game will be administration, probably with a prepackaged sale to Gamestop.

Ifts

deutsch wrote: »

I actually sold these too early compared to what the price is at now

As the saying goes....

No one ever makes a loss from taking a profit.... (Dr Marc Faber)


Its often harder to time/decide when to sell than to buy a stock. If you are happy with doubling your money with GMG, then maybe get out now as a profit is a profit at the end of the day.

Been there before where you get greedy saying I will sell on the next spike and take the profits only for the next spike never to materialise, instead end up wiping out all your earlier gains and left wishing you had sold when you were showing a profit!

Credit-Crunched

Ifts wrote: »

As the saying goes....

No one ever makes a loss from taking a profit.... (Dr Marc Faber)


Its often harder to time/decide when to sell than to buy a stock. If you are happy with doubling your money with GMG, then maybe get out now as a profit is a profit at the end of the day.

Been there before where you get greedy saying I will sell on the next spike and take the profits only for the next spike never to materialise, instead end up wiping out all your earlier gains and left wishing you had sold when you were showing a profit!

All done that! Sadly sometimes i never learn!!

lvader

Ifts wrote: »

As the saying goes....

No one ever makes a loss from taking a profit.... (Dr Marc Faber)


Its often harder to time/decide when to sell than to buy a stock. If you are happy with doubling your money with GMG, then maybe get out now as a profit is a profit at the end of the day.

Been there before where you get greedy saying I will sell on the next spike and take the profits only for the next spike never to materialise, instead end up wiping out all your earlier gains and left wishing you had sold when you were showing a profit!

Faber is wrong plenty of times, if you sell your good shares too quickly for a small profit and keep the rubbish ones you will make a loss, a paper one anyway.

In this case though it's a rubbish share showing a good profit so I would sell, I made a good profit on Game yesterday.

sabretoothtigger

I disagree with everybody! :mad:

quite simply you have 100% gain. You sell at least your original capital so it impossible to ever lose money on this share, then you take your best guess when to sell.

Then go put your formidable skills to better use then gambling, choose a company not in a declining industry

I guess the polar but sector opposite might be zinga who profit from games without having to spend money on infrastructure ?

GAME Group (GMG) shares regained some of the ground lost earlier this week, jumping by 0.95p to 2.1p on speculation that the company has become a takeover target, The Times reported that the share price surge was due to a buyout offer from Comet owner Opcapita. The newspaper added that the Opcapita would pay-off the GAME's lenders and suppliers, should the offer be accepted. If the story were to be true it would likely keep the company afloat and secure the jobs of 6,000 people.

deutsch

sabretoothtigger wrote: »

quite simply you have 100% gain. You sell at least your original capital so it impossible to ever lose money on this share, then you take your best guess when to sell.

lol, sometimes the simplistic ideas are the best!...staring right in front of me! (because i did this with premier food shares before selling them all)