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

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