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

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.
2517

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.'