The Game Group Shares (GMG.LSE)

blinko

I would cetrtyianly take the initial capital out and leave the rest to ride or die. GAME is dead in its current form the only way I think this company can move forward is by becoming an online only

gadgetmind

I've fallen victim to a pre-pack and the shares had the mother of a dead cat bounce in the two days before the shares ceased trading.

I wish I'd sold.

Sell!

bluenoseam

If you bought low i'd perhaps consider holding on until close to end of trading today, i think administration is an inevitability, however i think before then given two of the names in the bidding it could rise substantially. (Walmart are apparently thinking of offering 12p/share) If you were smart enough to get in at 0.5p then you could be looking at a good return for your money now they're floating around 3p.

dang i wish i'd got me a piece of that action!

bluenoseam

now Goldman Sachs getting a piece of the pie as well, this could become interesting.

wazza24

funny how the posts have changed on this posting over the last couple days, as deutsch as increased his initial investment and things are looking abit more optimistic for game in the short term. good call deutsch, what you thinking now that the share price is around 3.00p? staying in for the ride or getting out? :T

sabretoothtigger

walmart wont pay 12 unless someone else is going to pay 11. The majority of worth in a company is usually given to creditors, shares are worth what profit a company makes and/or its asset value

I dont think they have asset value, a brand name, something unique?
You want a bankrupt stock, try ZEN who have patents on superconductor technology.
They actually have net surplus cash but no profits, its a way more feasible scenario. Used to be 240p now 8

deutsch

wazza24 wrote: »

funny how the posts have changed on this posting over the last couple days, as deutsch as increased his initial investment and things are looking abit more optimistic for game in the short term. good call deutsch, what you thinking now that the share price is around 3.00p? staying in for the ride or getting out? :T

sold half my shares at 3.43p. had a tracking stop loss limit which executed around 08:15 today

think i'll just hold at least until next week now. i've already profited so nothing really to lose with the remaining shares. much thanks to sabretooth for stating the obvious for me!

when i started this thread, i wasn't in for the long term. today, next month, next year, 10 years, technology and the internet has changed the game console market. i know it won't survive forever!

bluenoseam

Thing with Walmart's interest is you have to wonder how much of it is down to the fact the considered frontrunner until yesterday was actually GameStop. Walmart want fingers in more pies, they also have the potential with this to stop GameStop getting arguably a very strong foothold in the UK market - they've been here before & bailed, but only in very small numbers. Buying Game would essentially knock the inconvenience of having to set up business on the head - i've said it before, a bit of restructuring and they can be saved & turned into a nice business.

Is their product unique, no, fact is Argos sell more Nintendo product than Game do, they also face competition from supermarkets, indies, blockbuster & HMV - but what they CAN offer is specialist advice coupled with buying clout. If GameStop do buy them, they have more than enough clout to make a substantial difference in the market - they have enough sway with publishers to make things interesting.

Words of caution though, gaming is in a very odd situation, there's an increased shift towards digital delivery - something which also stops one of the games retail markets trump cards, the pre-owned market. It's known that several publishers have wanted that shot down for years & have experimented with various mechanics to do it in recent years. With an entirely digital product it's significantly more difficult to trade-in & even then can rule out the retail sector who it's known some publishers despise because retailers make all the profit out of second hand.

atush

I must admit to using Sabertooth's technique- if I have a share that has doubled, and I want to stay in for the ride- I sell half. if it trebles I sell 1/3 etc).

That way I can't lose money but I can take part in future gains.

gadgetmind

atush wrote: »

I must admit to using Sabertooth's technique.

I've done it myself a few times, and wish I'd done it more often!