Anybody in Game? Holding a lot of stock purchased at 66.5p p/s.
Any views greatly appreciated.

My thoughts for what they are worth.
Stock market in general comining up to third q results very unsteady. I do not think profits in general will reflect expectations of traders. Consequently shares in high street firms like Game may struggle. Especially as they go head to head with Virgin and Pc World ect..Though I think they are a solid well run company, especially on the run up to xmas, Game may struggle to go over 65p.
Too much uncertainty in the markets. Long term this one.

azhar
i purchased at 64.75p and sold yesterday at 59p i think these will come good as we get closer to christmas - they always do.
I will be looking to get back in but stuck to my stop loss - for a change.

ETrade have a price target of 80p so I might hold on as it appears to be going back up again.

Azhar - Hope you've held on, I reckon the upcoming xmas period might be very cold and put people into the xmas mood. In fact I was told that we might have a white October and so might expect xmas shopping to start en mass this week!

Factsonly - Still holding for that magic 80. it will come I'm sure (GULP)

Approached 71p. It should be up and away to 100p.

Citywire - Dixons and BP tipped in research highlights
Thu 18 December, 2003 13:32

LONDON (Citywire) - This is a selection of broker notes on Thursday.

* Oriel Securities, in a note on retailers, has buy ratings for Dixons, Game Group, Boots, Body Shop International and GUS. The broker has add ratings for Hilton Group and Intertek

Just a note of caution but from somebody I know at Game Group they are currently trading below last years Christmas levels but are hoping that as with most of the high street that everybody is leaving it late to make their Christmas Purchases!

I know last year the issued a profits warning after Christmas just hoping the same doesnt happen again!!

They again dont know what the city had estimated for their profits this year!

Xmas trading statemebt due out on the 10 Jan. Any views on the outcome? I'm quite optimistic and have been holding these shares for good few months. They have opened up a lot of new stores.

FYI - The trading statement won't be made on the 10th Jan, because it's a saturday. I just phoned up GMG HQ and asked when the next update was due - They said there was no specific date set yet, but should expect it to be around mid-jan.

Sorry, This was stated on their website.

I want to be a train driver enjoys revival
02/01/2004
It may sound like lunacy to the millions of reluctant travellers who cram themselves into a railway carriage every morning, but a growing army of Brits are recreating train travel in their living rooms.

Sales of train driving simulators for home computers are soaring according to research from GAME, the UKs largest video games retailer.

The first surge in demand was spotted last May when Network Rail banned train spotters from railway lines because of terrorism fears.

Now two train simulator (sim) video games* have been released to go head to head for Christmas, and sales are soaring again. The most popular Trainz Railway Sim 2004 from Just Trains is even outselling games of popular Hollywood movie blockbusters like Black Hawk Down and Enter the Matrix.

The new games allow train fans to drive their favourite locomotives, design their own rail networks and even enjoy a reproduced view of Britains picturesque countryside from the virtual footplate.

GAMEs research into the railway revival reveals Southend to be the UKs train lover central, with the GAME store in the town selling more train simulators than any other in the UK. (See below for full table.)

Anna Macario Marketing Director of GAME said, These games are designed for the millions of people who grew up wanting to be train drivers. It sounds improbable nowadays, but it wasnt too long ago that railways enjoyed a much more romantic image, and people had a soft spot for the rail industry. Just look at the former success of Thomas the Tank Engine, Ivor the Engine, Hornby train sets and even the Railway Children.

Modern train sims feature over 15,000 different rail routes and 50 types of locomotive so train lovers can drive along them in anything from the Flying Scotsman to a Union Pacific Big Boy.

Anna continued, Recreating the age of the train into a video game has proved incredibly popular. They use similar technology to that used to produce the state of the art graphics in games like Lord of the Rings and FIFA 2004 to create every train fan's dream.

Fans have told us theyre buying these games because they allow them to forget the bad image of modern day rail travel, and names like British Rail and Railtrack, and instead totally absorb themselves in the traditional old romantic image of the railways. With so few steam and classic trains left in the UK, and access to tracks now so limited, train fans are turning to technology to get their locomotive kicks.

Over 50% of the train sim games have been bought by the growing army of grey gamers the over 50s who are taking the video game market by storm.

GAME stores that are selling the most train sim games are:


Southend

Falkirk

York

Canterbury

Plymouth

Colchester

Worthing

Eastbourne

Newcastle

Nottingham

Game Group PLC
06 January 2004





6 January 2004

The GAME Group plc

Date of Trading Statement


The GAME Group plc will issue its Trading Update for the 5 week period ending 3
January 2004 on Friday 9th January.


- ENDS -



This information is provided by RNS
The company news service from the London Stock Exchange

Up 8% today. Everyone is obviously optimistic about XMAS trading statement due out this Friday.

Game, set, but not sure about the match yet
Published: 09:10 Fri 9 Jan 2004
By Jemma George, Smaller Companies Editor


The Game Group has bucked the trend in the UK video games and computer software market with positive like for like sales growth over the festive period and record profits despite lower hardware prices, but investors are cautious.

There are still a couple of weeks to go before the company closes its books on the financial year to 31 January but management said today that trading has been inline with expectations.


This should mean a full year profit before tax of approximately 34.3 million and earnings per share of 6.5p.


Even so, the shares (GMG) have lost 2.5p in early trading; perhaps some profit taking after a decent run up to Christmas or a fear that lower hardware prices are the start of the next cycle of new technology.


Sales in the core UK market for the five week period to 3 January were up 5.6% on a like for like basis. This gives a much needed boost to the full year picture, which shows a comparative increase of 2% against a decline of 0.3% at the interim stage.


The sales uplift was largely down to successful promotions and targeted marketing and advertising campaigns, with some gain in market share.


Top titles over the Christmas period included, Need for Speed Underground and FIFA 2004 but there was also strong demand for Dance Mats, which make the whole experience even more interactive. Online sales through game.net increased by 80%.


The total UK market for video games and computer software in 2003, as reported by ChartTrack, declined in value by 1.5%, largely driven by a 15% reduction in manufacturer prices for console hardware.


This is a typical trend within the technology market as the pent up demand for new products levels out and the hardware producers begin to drop the price in favour of volume. In turn, the market for software should get bigger but there is also a risk that consumers hold off and wait for the next bit of kit, especially if it has enhanced capabilities. In other words the gaming market is cyclical with the power shifting over time.


Game enjoys one of the strongest positions in the UK market with a recognised brand on the high street and a sizeable customer base including 4.5 million members who benefit from loyalty cards.


The groups European businesses are still at an embryonic stage so for now the investor is relying on the sustainable domestic trade with clever marketing initiatives to fend off the competition, especially if consumer spending is waning



Aside from cash flow generation Game should have an extra 500,000 at its disposal having closed its on-line gaming division, which was adding nothing.


All in all the performance is good and sitting investors should be pleased, but the first half of the new financial year is traditionally weaker and some may be taking the profit while its there.


Game is getting very close to qualifying as a FTSE 250 stock, which would bring in the tracker funds but also the pressure of staying there at a time when some believe the cycle is going the wrong way.


It may therefore take another set of good figures to convince the market that Game has sufficient scale and clout to trade through each cycle.


An 80p to 90p price tag would put the group in the FTSE 250 and is a realistic target to set but in terms of timing, it could be a while. Hold.

Game Group says CEO, FD sell shares at an average 224.63p each - AFX


LONDON (Thomson Financial) - Game Group PLC said chief executive Lisa Morgan and deputy CEO and finance director David Thomas have sold shares at an average price of 224.63 pence each.

Game Group said Morgan sold 1.38 mln shares, comprising shares acquired after the exercise of options and those granted under a long-term incentive plan.

Morgan now holds 202,000 shares, deferred shares to the value of 174,000 stg and 1.67 mln options.

Game Group said Thomas sold 1.04 mln shares, which also comprised shares acquired after the exercise of options and those granted under a long-term incentive plan.

Thomas now holds 66,300 shares, deferred shares worth 155,000 stg and 808,000 options, the company said.

TFN.newsdesk@thomson.com

GAME Group is a sell according to Investors Chronicle. Because the games sold is directed more online to consumers by other retailers eg. Tesco, Woolworths, etc. 170p looks expensive then.

Game is showing a steep decline, think it would be sub 100p.

What an outstanding set of numbers this morning from niche retail gaming retailer Game Group (GMG). The retailer probably represent something of an anomaly, given that Credit Crunch trading logic would suggest avoiding all but core retailers like the plague

But shares rocketed 12% this morning after the group announced a 67% hike in annual pre-tax, pre-exceptional profits to GBP126.2m, on turnover up 32% to GBP1.97bn. The results are slightly better-than-expected, and in my book a mhttp://blog.blueindex.co.uk/2009/04/game-for-growth/iracle given the operating climate! Game also confirmed current trading is ahead of expectations with a strong increase in gross margins, and says it continues to be very cash generative with a strong balance sheet. And as a sign of confidence going forward, it has increased the final dividend by 25% to 3.71p. Brokers are largely positive, with Altium upgrading from buy to hold on valuation, while Singer Capital have cautioned over a tough fiscal year ahead, with tough comparatives and competition.

The full article is here:
http://blog.blueindex.co.uk/2009/04/game-for-growth/

Interesting article in Shares Mag today with some good broker rec's ..
145p buy price

Looks like i'm on my own here

Ticking up .

And again .

Wedbush Morgan Securities

WE EXPECT JULY U.S. retail videogame-console-software sales data to be released after market close on Thursday, Aug. 13. We forecast sales of $500 million, down 16% compared to last year's $592 million.

Our estimate reflects $475 million in sales from new platforms ([Sony's (ticker: SNE)] PlayStation 3, [Nintendo's] Wii, [Microsoft (MSFT)] Xbox 360, PlayStation Portable and Nintendo DS), as the last generation's contribution lessens in significance.

The July comparison is again difficult (41% growth), and likely will present the fifth consecutive month of double-digit software sales decline

Im not sure how this will impact on GMG tomorrow ,so i'm out with a nice profit, may buy back in if price drops, or news is better than expected..

Game Group sales fall ahead of crucial Christmas trading
Business Financial Newswire


PC and video games retailer The Game Group said this morning that for the 44 week period to 5th December, total group sales were down by 10.8%, while like-for-like group sales for the same period were down by 15.1%.

In the UK and Ireland, total sales were down by 14.3% and lfl sales were down by 16.6%.

In the International business, total sales and lfl sales were down by 2% and 11.5%, respectively.

For the 18 weeks to 5th December, total group sales were down by 11.3%. Group lfl sales for the same period were down by 13.9%.

In the UK and Ireland, total sales were down by 15.3% and lfl sales were down by 16.6%.

In the International business, total sales and lfl sales were down by 1% and 6.7%, respectively.

Game said recent console price cuts from Sony and Microsoft1 have increased demand, though revenues from increased unit sales of these formats have not offset the overall fall in hardware revenues.

Peter Lewis, the Chairman of GAME, said: 'GAME has continued to outperform the market by offering specialist service, compelling bundles and exclusives, including the Call of Duty: Modern Warfare 2 Xbox 360 250GB pack, which was only available in the UK from us.

'We have seen strong competition in all of the markets that we operate in. In the UK, in particular, we have seen significant pricing activity from the supermarkets. However, our overall year to date market share position has improved due to the strength of our consumer proposition, including our trade-in offers, loyalty card discounts, breadth of range and specialist staff. Our preowned business has continued to perform well as it offers real value for our customers, particularly in the current economic climate.

Game expects full year capital expenditure to be in the region of 32m.

For the remainder of this financial year, the next eight weeks historically represent around 25% of our annual turnover. There is a record installed base of 27.2m third generation consoles in the UK market (06/12/2008: 20.4m consoles).

'Consequently, while the wider economic conditions and prevailing video games market trends lead us to approach the critical Christmas period cautiously, the Board believes the Group is well positioned to deliver a solid outturn for the year.'

Game will next report on 12th January 2010 when it will publish sales for the Christmas trading period.

After the steep fall yesterday and again down today maybe a purchase could be rewarded. Another 6.8m consoles in circulation and as reported in Shares last week (a buy rec @ 163.9p) a possible T/O candidate. Currently around 108.5p.
2517

A timely trade if I say so myself, most unusual for me.
2517

Time to get back in again.
2517

Game Group issues profits warning after flat Christmas sales
Sales for five weeks to 9 January fell 13.8%
Pre-tax profits to drop below market estimate of 96m


Game Group saw sales slump amid dearth of new releases and depressed margins from pre-Christmas discounts. Game Group has vowed to make online sales and download services a key part of its business strategy as it reassures investors after a disappointing Christmas.

The festive slump contrasted sharply with a generally buoyant season on the UK high street and sparked a dire profits warning from the retailer . Game's shares dropped as worries intensified about competition from supermarkets and the longer-term threat of the computer games market going through the same upheaval as record labels with gamers moving to downloading products rather than picking them off shelves.

Game, which has almost 700 stores and concessions in the UK and hundreds more overseas, was hurt by a weaker year for new releases and depressed margins as it offered shoppers pre-Christmas discounts. The retailer's like-for-like sales for the five weeks to 9 January fell 13.8% as its domestic market saw a 17.5% drop. International like-for-like sales were down just 5.9%.

The weak Christmas, in which Game typically does around a quarter of its business, left like-for-like sales down 14.8% for the 49 weeks to 9 January. Annual pre-tax profits are expected to be between 87m and 93m, against market consensus of 95.8m and well below last year's record 126.2m.

"The negative trends in the pc and video games market ... continued over the key Christmas selling period despite strong software releases and a sizeable installed base of hardware," said chairman Peter Lewis, citing a strong comparative period the previous Christmas, when there was a greater surge in demand from people who had recently bought a Wii console, PS3 or Xbox 360.

But as Game's shares came under heavy selling pressure for the second time in as many months, Lewis sought to reassure the market about trading since Christmas, including a growing second-hand games business.

Despite supermarket and online competition, Game hopes that new technology this year will drive customers to its stores for specialist advice. It also promised more details with full year results in April on how it aims to be at the forefront of the market's "evolutionary process" by investing in a combination of stores, e-commerce and digital distribution.

In the nearer-term, the company highlighted upcoming releases including Splinter Cell: Conviction and Bioshock 2, announcements on new motion sensing technology from Microsoft and Sony and the fact the UK now has 28.5m consoles installed.

The profits warning compounded a downbeat trading statement in early December and left Game's shares down 5.9p at 100p yesterday. They have fallen a third over the last year. Analyst Mark Photiades at Singer Capital Markets highlighted several challenges.

"Looking ahead we believe key risks include the threat of increased competition (particularly in the lucrative pre-owned market), pricing pressures on key software titles as rivals, especially mass merchants and supermarkets, cut prices, and the longer term structural threats posed by internet retailers and digital distribution," he said.

Gone all in this morning nice quick 4.2% profit

Watch out for bid on Game next week by Gamestop USA

Clubman3509-------------- I've been away for a few hours, GMG volume seemed to have picked up pm, as did the sp, a bid was mentioned in shares mag twice over recent weeks, let's hope you and shares are right.
2517

Investor's chronicle put out a SELL on Game Group today in view of 2 consequetive profit warnings, increasing competition from supermarkets which offer much, much cheaper prices on various games and a dwindling amout of cashflow.

No mention of bid at all.

Yes falling daily, there may come a level that is seen as attractive to re-enter, arguably the time for the IC to put out a sell recommendation would have been anytime during 2009 when GMG sp was much higher, not at this depressed level---unless there's still a good deal of downside to come.
2517

It says recovery is unlikely to happen soon, who knows, it may be the next Woolsworth or Jessops?

Heavy vol on the buy side, stakebuilding perhaps.
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I have been shorting it since Dec 2010 done fantastic but out today, as rumour is USA Gamestop making a bid soon.

Well done Clubman3509, there was an article in shares suggesting that same t/o prospect a couple of weeks back, mind you they said buy at a much higher sp than currently. Volume has increased today and the majority of larger deals (200k +) were on the buy side, so I feel someone is accumulating a few.
2517

TR-1: Notifications of Major Interests in Shares

Maybe this

Bid rumour next week

uh!--So how come you've heard it this week.
2517

Guy told me in the pub

Only joking. Insider info

Well I see every man and his dog are getting in (not), less than 900K traded, I reckon someones playing a GAME with you, Clubman3509. Mind you I think GMG is quite vunerable to a bid,----- I hope.
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Game is Very vunerable Stop. Heard it from Grapevine

Smokey Robinson was it.
2517

Or even Marvin Gaye!

Grapevine is the home of bidder. Ssssssh don't tell tabasco or he may well sell Blnx and try to get in on the news.

skinny, thanks for that.
2517

steady rise this afternoon is the bid coming on the back of cheap sterling?

Volume is nothing to write home about halifax, nice rise all the same.
2517

coming off the bottom shorters may be running for cover with the possibility of a bid likely before sterling bounces.

Gamestop will bid soon, but they are not the only one looking at this very under valued outfit.

tipped in "Shares" mag target sp 138/156p.

On the way up at last

rising steadily over 90p now.

Yes doing well.
2517

Fill your boots with this one before the bid.

Looking good, but they were way oversold.
2517

Agree

SMDR another oversold stock just filled my boots with this one

Game Group reports turnover down 10%
Business Financial Newswire


PC and video games retailer Game Group said group turnover fell 10% to 1.772bn in the year to end-January.

Group profit margin improved to 27.8% from 26.1% the prior year.

Profit before tax fell 28.2% to 84.2m, down from 117.4m, with basic earnings per share at 17.45p, down 27.8% from 24.18p. Annual dividend was hiked 5% to 5.78p (2009: 5.5p). Game Group said profit before tax and non-recurring items of 90.4m (2009: 124m) is the second best performance in its history.

The group increased preowned revenues to 374.5m (2009: 353.4m) representing over 21% of sales.

For the 11 weeks to 17th April 2010, total sales and lfl sales were down by 13.3% and 14.4%, respectively.

In the UK and Ireland, total sales and lfl sales were down by 20.8% and 20.1%, respectively, during the period.

In the International business, total sales were up by 1.7% and lfl sales on a constant currency basis were down by 3.9%.

Online was down by 3.5%.

Peter Lewis, Chairman, commented: 'The Group has delivered the second best trading performance in its history with profit before taxation and non-recurring costs of 90.4m (2009: 124m). Our results were delivered against the backdrop of a very difficult trading environment, which saw the global pc and video games market decline by over 20%. We outperformed the market and our performance can be attributed to our position as the market leading specialist, our strength in preowned, our multi-channel customer offer and disciplined operational management.

'Complementing our traditional store offer, we are today announcing the launch of a number of initiatives to strengthen our position in the growing ecommerce and digital markets.

'Whilst we remain mindful of the challenging market in which we operate, the forthcoming new technology further enhances the profile of the specialist retailer. This, together with our value driven offer to maintain a market leading position, investment in new channels to market, and our focus on cost reductions leads the Board to be confident in the Group's future prospects.'

Got out at 102 last week with a nice little profit. Worth a punt again, as soon as new CEO and CFO are found it will rise.

Back in at 86 come on Gamestop take them while vunerable with no CEO, or CFO

SP 92.3 in a dilemma now whether to take nice one day profit, or wait for bid.

Game now a raging takeover oppertunity

GMG will only be a takeover opportunity if its sp drops to 50p.


Game Group sales 11.4% lower
StockMarketWire.com

Video games retailer, Game Group reports further declining sales and says that Group revenues were down by 11.4% for the first 19 weeks to 12 June 2010.

Like -for -like Group sales for the same period were down by 12.3%.

In the UK and Ireland, total sales were down by 18.5% and like-for-like sales were down by 17.2%. In the International business, total sales were up by 1.2% and like-for-like sales were down by 4.6%.

Online business sales were up by 13.5%. Excluding the impact of the DSi launch in the prior period, Group like-for-like sales were down by 8.4%.

In the UK, online sales now account for 17.6% of total sales.

The Group says that it has strengthened the value proposition in stores and online and as a result expects full year gross margins to decrease by around 100 basis points year on year.

Looking forward, the Group says that new technology releases are unlikely to materially impact trading performance until next year, with year on year market revenue declines still expected in 2010.

The Board says that in 2010 it expects the Group to make losses in the first half and profits in the second half.

The Group net debt at 30 May 2010 was 78m (31 January 2010: net cash 45m).

hlyeo98 - 17 Jun 2010 09:29 - 69 of 69
GMG will only be a takeover opportunity if its sp drops to 50p

How do you arrive at that price, are you thinking of making a bid.

hly ... is right the figures speak for themselves, wishfull thinking will not alter a thing.

tipton

Time will only tell... with supermarkets offering better and more competitive deals, rampant downloads by the younger generation and lack of new ideas in gaming will see GMG down to 50p.

Support level is going to give way very soon at 78p.

I must admit to holding this one why I don't know. Think I missed selling it while babysitting Tabby, and Clinic

Great shorting for me... support broken... 50p on the way soon.

GMG making all the right moves.

I am out watch it rise now

Clubman, this will fall miserably. I thought you would buy more or even make a bid for it at every dip in GMG.

No I agree it's a dead duck now, without any bid things don't look good.

I would be surprised if they dropped as low as 50p, not impossible I suppose but imagine a t/o before then.
2517

Shorting GMG is a no-brainer.

Rumour of bid for GMG Monday 9am

Yes, I have a brace of pheasants i would like to trade for a partridge. But I see you only trade in dead ducks.

There is no bids yet.

is it a dead duck or a lame duck?

The bid will come be patient.

It will come at 40-50p.

Maybe but the bid will be 100p

We will see if you are right.
If Game is doing well, I think 200p will even be cheap for a bid but Game is not doing well at all. It may be the next Woolworths.

sliding to 64p today

not sure if this will work.will try to copy/paste.
it seems not to have worked. anyway try this link.
htp://www.mcvuk.com/news/38478/GAME-cuts-staff-hours
personally i can never be bothered to go to anything that isnt a "direct" link. maybe i should. anyway i suppose this will be only for those seriously interested in investing in GMG, either existing holders or potential new investors, be it short or long.
regards
jk

it seems that since my above post TA has confirmed and proven my point by his 3 consecutive posts.
i cant be bothered, but mostly because i dont know him.
regards, and good luck.
jkd

Its been a torrid six months for bulls in FTSE 250 video games retailer Game Group (LON:GMG). Since November 2009, shares in the company have fallen more than 50%, and this morning, they were under pressure again, losing 7% after the company released an interim management statement for the period covering 1 February to 12 June.

For the 19 week period Game Group reported an 11.4% slump in total group sales, while like for like sales fell an eye watering 12.3%. The sharpest falls in revenues emanated from the UK and Ireland, where total sales fell a whopping 18.5% and like for like sales plunged 17.2%. Operations elsewhere fared better, with total international sales climbing 1.2% and like for like sales falling by 4.6%. Online sales continued to forge ahead, rising 13.5%, but are still nowhere near large enough to offset the revenues lost from Game Groups retail chain.

The hardware and software gaming retailer blamed its woes on a sharp fall in hardware revenues, primarily due to lower Nintendo sales. The fall in hardware revenues was not offset by new software titles, including Red Dead Redemption and Battlefield: Bad Company 2, which the company said had sold well.

If this wasnt enough unpalatable news for shareholders to swallow, the company also warned this it expected to see a 100 basis points drop (year on year) in gross margins as it tries to take market share.

In a separate announcement, the FTSE 250 constituent confirmed the appointment of Ian Shepherd as CEO.

As a specialist retailer, Game Group has always witnessed more volatile trading patterns than many of its larger, more diversified peers. Much of the company prospects are beyond its control, as it relies on new product launches to keep customers coming back to buy the latest software and hardware. Margin pressure is also a key issue, as it will struggle to compete on prices with the same ferocity as larger retailers like Tesco and Asda.

Knew it would go up when I closed

Nice 8.76% gain in SP today.

Game up again this morning,

HSBC upgrades Game Group (GMG.LN) to neutral from underweight on valuation grounds. Says: "Recent share price performance suggests market pessimism over risk to FY out-turn is factored into the price." Has 75p price target on the stock. Shares closed Tuesday at 68p.

Creeping back up don't know why. I will ask Clinic he know everything.

Interesting to note broker SP targets for GMG.....

Date Broker name New Price Old price target New price target Broker change

13-Jul-10 Collins Stewart Buy 67.70p 102.00p - Reiteration
18-Jun-10 UBS Neutral 83.00p 680.00p 650.00p DownGrade
17-Jun-10 Seymour Pierce Hold 83.35p - - DownGrade
04-Jun-10 KBC Peel Hunt Buy 92.65p 100.00p 120.00p Upgrade
05-May-10 Investec Securities Buy 92.50p 109.00p 145.00p Upgrade


Looks way undervalued.

Look at this fall in short positions aswel

It's on the next leg down now.

Nah just following most of the FTSE

Looks like the snow have badly affected sales at Game

Is it approaching game over!

obviously not

Christmas Trading Update.

There is lack of demand for 3DS... price too high.

This is becoming like Woolworths.

It's in the Sun - so it must be true!

Or HMV, YELL, DIXON'S

Game Group is just not competitive enough... they are selling 3DS at 159.99 with one game free whilst others stores can get between 135 - 140



The Nintendo 3DS price war is in full swing: supermarket giant Tesco has slashed the price of the handheld to 115.

Morrisons has cut the Nintendo 3DS to 120. There, all 3DS games are 25.

Tesco and Morrisons' new prices go into effect tomorrow, Friday 12th August the day Nintendo's official price cut goes live.

Yesterday GameStop.co.uk listed the 3DS for 135 with free delivery.

Woolworths again..?

I never trade in game , am a vegetarian.

Woolwoths mark 2

Would not be surprised of they fall to 5p.

Game Group is just not competitive enough in this gaming market.

Sales down 10.6% and issues profit warning.

People are buying from Amazon.com and Tesco.
It is going to close shop soon.

I agree they are weak

a bad week for game.

Monday was ok:-)

lol.

6p now and 5p in view.

GAME sales will be affected this X'mas undoubtedly... prices not competitive enough.

Another big drop.

sub 5p.

Mitzy - I take it you have seen the Christmas Trading Statement

Yes indeed.

Doomed they ae doomed.

picked up a few last week,wish i picked up more now ....gutted

marky well done to get something - i missed this completely

noticed some chunky buys today - would not be surprised if there was further north movement here today perhaps

i like the improved terms in this article - expect more uplift now.....

By Harry Wallop, Retail Editor

11:00AM GMT 03 Feb 2012

Comment

The company, which has been hit by a drastic slow down in the gaming market, said it would make a loss of about £18m for the year to January 31.

But the shares jumped on news that it had won more favourable terms from its lenders, led by Royal Bank of Scotland. The news came as a particular relief because the bank had caused consternation among many retailers when it refused to throw Peacocks a lifeline.

The shares increased by 1.6 to 6.93p, valuing the company at £24.5m.

The improved terms mean that the company is no longer in breach of its banking covenants, and has enough money to cover its fixed costs – including paying its suppliers and landlords. It is likely that the deal will involve putting its international operations up for sale. The company has more than 600 shops overseas

i wouldnt be surprised to see this turn into another hmv - gmg in far better shape - good coverage at the weekend and new releases imminent:


'Vita demos now available at all GAME and gamestation stores

Sony has announced all 600 GAME and gamestation stores will have PS Vita on hand for consumers to sample in the UK.

The top 150 stores will include a dedicated Interactive Display Unit the coming weeks. Every store manager has been sent a Vita unit to “enable them and their staff to demonstrate first hand just what makes the new PlayStation handheld so special.”

This activity coincides with the current PlayStation Vita Rooms in Glasgow which is currently open until January 29. The next Vita Rooms event in London runs February 17 – 22.

Both the event and the store samplings will off demos of titles such as WipEout 2048, Uncharted Golden Abyss, ModNation Racers: Road Trip, Reality Fighters, Little Deviants and Everybody’s Golf.

PS Vita launches in Europe and the US February 22'

Espirito Santo upgrades GAME Group from sell to neutral, target price raised from 2p to 7p.

Seeing as they are 7p already I suppose he will claim he was right, good call.
I will never understand what use brokers upgrades/downgrades are, if the sp is already at their tp.
2517

It's under 1p now... so cheap

Rumpled that Walmart had approached the company with the view of making a rescue offer.After the close of trade,Game said a third party had shown interest in providing additional funding.

The GAME Group plc ('GAME' or 'the Group')
Suspension from trading


"Further to the announcements of 12 March 2012 and 14 March 2012, the board of GAME has assessed the status of the ongoing and regular discussions between GAME and its lending banks and between its lending banks and a potential third party provider of finance to the business.

The Board now considers itself to be unable to assess the business's financial position, and is of the opinion that there is no equity value left in the Group. Therefore the Company has requested that the listing of its securities on the Main Market of London Stock Exchange plc be suspended from trading with effect from 7:30am today.

The Company will provide a further update in due course."

Suspension from Trading

http://www.moneyam.com/action/news/showArticle?id=4332878

http://www.bbc.co.uk/news/business-17455742

Notice of Intention to Appoint an Administrator
RNS
RNS Number : 7782Z
Game Group PLC
21 March 2012

21 March 2012
Notice of Intention to Appoint an Administrator

"Further to this morning's announcement of the suspension of trading in shares of GAME Group plc, the board has concluded that its discussions with all stakeholders and other parties have not made sufficient progress in the time available to offer a realistic prospect for a solvent solution for the business. The board has therefore today filed a notice of intention to appoint an administrator.

In the short term the Board's intention is that the business will continue to trade and discussions with lenders and third parties will continue under the protection of the interim moratorium."

- ENDS -

OpCapita takeover of GAME all but ruled out

A source close to Comet owner OpCapita has revealed to MCV that a deal to takeover GAME is now very unlikely.

GAME this morning filed for administration and is understood to be preparing to re-launch in a slimmed-down guise under an amended management team.

That’s despite the fact that OpCapita had, as revealed by MCV, tabled a bid that would have eradicated all of GAME’s debts and preserved the business as an on-going concern.

“They put together a fully-funded proposal,” our source stated. “They had the money lined up. They’d done due-diligence, and met the company and the banks. It was ready to go.

“They wanted to operate GAME as a viable business. They’d re-established relationships with suppliers – and they had their support. So it’s slightly strange. The question for the banks now is are they going to pay the suppliers or is this all about the banks not being prepared to take a write-down of their debt?”

Our source added that a deal is still a possibility if talks can be re-established during the current ten-day moratorium period, but admitted this is looking “unlikely”.

However, OpCapita’s original offer was for a pre-administration GAME. Any possible new deal would depend not only on the shape of the company that emerges from the other end of the process, but also the banks’ willingness to re-enter negotiations.

An official OpCapita statement issued to MCV said: “We put forward a fully funded proposal which would have preserved GAME as a viable business in partnership with suppliers who have been very supportive.”

http://www.mcvuk.com/news/read/opcapita-takeover-of-game-all-but-ruled-out/093144

game over!

marky - wish you hadn't been such muppet and had avoided altogether

Game Group goes into administration

Britain's biggest video game retailer, Game Group, has gone into administration.

The group employs about 10,000 staff at its 1,300 stores, 609 of which are in the UK and Ireland.

The administrators from PricewaterhouseCoopers said that the retailer had suffered from high fixed costs and an ambitious international expansion.

Its business has been hit by competition from online-only retailers.

Game on? Game Group shops sold to OpCapita

The administrators of Game Group have announced that the 333 of its UK shops that are still open have been sold to OpCapita.

The agreement will safeguard the jobs of nearly 3,200 Game Group employees.

Investment capital firm set to rescue Game

http://www.bbc.co.uk/news/business-17575500

yep sold for a squid - some people with rose tinted glasses suggest there is value from the international business and something back to share holders - absolutely no way imo - game dont exist as was and likely only thing left in international stores will be a raft of liabilities - i hope folk got out here before it was too late

my ISA still shows my small shareholding in GMG. I know the Co went bust and was bought out and a new GAME is now working. As I understand it my shares are worthless as that Co no longer exists so just wondering why the shares have not been removed from my a/c?