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

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.