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

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."