GAME (as in the shop GAME): Retailer Of The Year 2018

Anything to do with games at all.
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PatSharpsMullet
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PostRe: Game Shares "Collapse"
by PatSharpsMullet » Fri Nov 25, 2011 9:40 pm

Cosmo wrote:
PatSharpsMullet wrote:I bought Rayman Origins from them instore today, but only because I had a £15 gift card that was given to me in March. I picked up the copy that they had mistakingly put a £39.99 sticker on instead of the others which had £42.99 stickers on. It went through the till at the higher price but as soon as I pointed it out, the girl behind the till reduced it to the lower price for me. :) Hopefully no one will ever give me one of their gift cards again.


Was it only one copy that had the wrong price? We only honour a price if the majority of the games have the incorrect price on them. If it was just one then you'd have no luck.

I've no idea but I think it may have been. It was the first copy I saw but as I was entering my PIN I looked over and saw a whole display full of them priced up at £42.99. The copy I picked up was with the rest of the PS3 games. Quite glad I didn't see the display even though I walked straight past it.

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JiggerJay
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PostRe: Game Shares "Collapse"
by JiggerJay » Fri Nov 25, 2011 10:21 pm

Something Fishy wrote:
Atreyu wrote:
Something Fishy wrote:
Lagamorph wrote:
Something Fishy wrote:
Lagamorph wrote:Just signed up to The Share Centre and when the markets open at 8am tomorrow morning I will own £100 worth of shares in GAME :shifty:

I'm tempted to take a similar gamble here.

Given the current share price I thought it was worth a risk for a hundred quid. I'm hoping they'll do relatively well over the christmas period to give them a good start to going up.


it's a reasonable risk i think. It's not the sort of amount of money that will break you if they collapse but it could give a little bonus if they recover.

Really? For a £100 investment? Where the minimum transaction costs alone are going to be in the region of £7.50 (the fee for execution-only transactions on The Share Centre) so you'll have to make a whopping 15% return just to break even? And this for a company that the City (where they have a large professional staff who do this for a living) thinks is going down the toilet?

Take your money to the casino instead and plonk it all on red. It'll be about as rewarding, not to mention a fun evening out. And they might provide you with a free drink to boot!


i'm not convinced it's as big a gamble.

I guess both are gambling but i'm not talking small amounts on something that i've a feeling will come back in one form or another.

We just sold a load of shares at 19 pound per share that had slumped to 2 pounds some years ago. Sometimes it's worth a little go.

I wouldn't put any money in I couldn't afford to lose though so yes i guess it's gambling really.


If they drop to 5p I'm tempted to buy 50,000 Seems like a big punt, but in all fairness, if they manage to hold out until the "next generation" arrives, I think they will see some kind of upturn.

Skarjo wrote:You can buy all the fancy houses you want, we still remember you in a bath covered in ketchup for a free copy of CSI.

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JiggerJay
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PostRe: Game Shares "Collapse"
by JiggerJay » Fri Nov 25, 2011 10:35 pm

Just invested in some Thomas Cook shares... I'm just asking for trouble now.

Skarjo wrote:You can buy all the fancy houses you want, we still remember you in a bath covered in ketchup for a free copy of CSI.

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lex-man
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PostRe: Game Shares "Collapse"
by lex-man » Sat Nov 26, 2011 12:50 pm

Lucien wrote:
lex-man wrote:The have over sixteen million shares if I'm reading this right.


http://www.google.co.uk/finance?client=ob&q=LON:GMG

I don't even know. :?:


Ok according to the key facts on the Yahoo Finance page they have 344.16 million shares outstanding

http://uk.finance.yahoo.com/q/ks?s=GMG.L

So that give 22.8 million market cap if you multiple by the share price. I have no idea what that Google field is about, all they may have put the decimal point in the wrong place.

You can find Games own reports at the below URL:

http://www.gamegroup.plc.uk/gmg_plc/investors/reports/

I had a brief look and it look like they did have around 344 million shares outstanding which seems crazy to me. Although it did mention that they gave shares as an employee bonus so that could be why there are so many outstanding shares. They also have audio reports that you have to sign up for.

If you check page 31 of the 2011 interim report it gives the figure of Allotted, called-up and fully paid shares as 347,461,388 (I think game PLC share in it's self which won't go towards the market cap hence the smaller figure on Yahoo).

Also there paying 1.88p dividend even though they are making a lose which seems crazy to me.

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Lagamorph
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PostRe: Game Shares "Collapse"
by Lagamorph » Sat Nov 26, 2011 8:52 pm

JiggerJay wrote:If they drop to 5p I'm tempted to buy 50,000 Seems like a big punt, but in all fairness, if they manage to hold out until the "next generation" arrives, I think they will see some kind of upturn.

That's a lot more of a risk than I'd be willing to take.

My local branch of GAME was pretty busy when I was in there today, picking up their one and only copy of Tales of the Abyss :fp:
Hopefully it's a sign of a relatively strong christmas.

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lex-man
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PostRe: Game Shares "Collapse"
by lex-man » Sat Nov 26, 2011 9:46 pm

Lagamorph wrote:
JiggerJay wrote:If they drop to 5p I'm tempted to buy 50,000 Seems like a big punt, but in all fairness, if they manage to hold out until the "next generation" arrives, I think they will see some kind of upturn.

That's a lot more of a risk than I'd be willing to take.

My local branch of GAME was pretty busy when I was in there today, picking up their one and only copy of Tales of the Abyss :fp:
Hopefully it's a sign of a relatively strong christmas.


It's difficult to know what to do if cases like these. It's a real gamble if things pick up for game you stand to make a multiple of your money back easily but if not you stand to lose £2500. Although I guess if they keep paying a dividend of around 1.5p your make your money back in two years anyway.

gooseberry fool, now I'm tempted.

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PostRe: Game Shares "Collapse"
by Lagamorph » Sat Nov 26, 2011 10:09 pm

If they hit 15p I'm planning on buying another £100 worth or so, but wasn't really planning on much more than that for a good while.

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JiggerJay
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PostRe: Game Shares "Collapse"
by JiggerJay » Sat Nov 26, 2011 10:20 pm

I think I'll hold out for a little while, I'm just messing about with literally no knowledge of the markets, the money I've invested in HMV is slowly dwindling, but I'm positive Thomas Cook will Rally somewhat back to a stable 40-50p (£350 of shares @ £0.12)

Skarjo wrote:You can buy all the fancy houses you want, we still remember you in a bath covered in ketchup for a free copy of CSI.

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PostRe: Game Shares "Collapse"
by lex-man » Sat Nov 26, 2011 11:47 pm

Lucien wrote:
JiggerJay wrote:I think I'll hold out for a little while, I'm just messing about with literally no knowledge of the markets, the money I've invested in HMV is slowly dwindling, but I'm positive Thomas Cook will Rally somewhat back to a stable 40-50p (£350 of shares @ £0.12)


You have shares in a few things right? And you do accumulators and use discount site thangs... such a Jew. ;)


A good portfolio should have shares from a number of different sector not just retail, so it's not that great a idea. I would be more worried about Thomas Cook than HMV or Game though.

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PostRe: Game Shares "Collapse"
by lex-man » Sun Nov 27, 2011 12:35 am

Lucien wrote:http://www.eurogamer.net/articles/2011-11-23-game-groups-share-price-nose-dives

In the year ending 31st Jan 2009, Game made a record pre-tax profit of £117 million. In 2010, that number was £84.21 million. In 2011, that number was £23.10 million.

Half-way through 2011, that number was minus £51.47 million. The full-year forecast is a pre-tax loss of £0.06 million.


So they are losing money... so surely no dividends were/are being paid?

£117 million --- £84.21 million --- £23.10 million ---- [minus] £60,000

Flippin' heck. And that's if they make their Christmas targets. Today, there was an article about shops slashing prices because people are holding onto their money...


Most companies pay small dividends if they can even if they make a lose to keep the share holders happy and try and stave off share holder mutiny. I believe even Woolworths did just before they went bust.

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JiggerJay
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PostRe: Game Shares "Collapse"
by JiggerJay » Sun Nov 27, 2011 12:47 am

lex-man wrote:
Lucien wrote:
JiggerJay wrote:I think I'll hold out for a little while, I'm just messing about with literally no knowledge of the markets, the money I've invested in HMV is slowly dwindling, but I'm positive Thomas Cook will Rally somewhat back to a stable 40-50p (£350 of shares @ £0.12)


You have shares in a few things right? And you do accumulators and use discount site thangs... such a Jew. ;)


A good portfolio should have shares from a number of different sector not just retail, so it's not that great a idea. I would be more worried about Thomas Cook than HMV or Game though.


Buy Thomas cook shares at absolute lowest 12p, they closed friday @ 18p That's already 50% earning. Gonna hold out till the end of the week and see how it goes.

Skarjo wrote:You can buy all the fancy houses you want, we still remember you in a bath covered in ketchup for a free copy of CSI.

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lex-man
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PostRe: Game Shares "Collapse"
by lex-man » Sun Nov 27, 2011 12:53 am

JiggerJay wrote:
lex-man wrote:
Lucien wrote:
JiggerJay wrote:I think I'll hold out for a little while, I'm just messing about with literally no knowledge of the markets, the money I've invested in HMV is slowly dwindling, but I'm positive Thomas Cook will Rally somewhat back to a stable 40-50p (£350 of shares @ £0.12)


You have shares in a few things right? And you do accumulators and use discount site thangs... such a Jew. ;)


A good portfolio should have shares from a number of different sector not just retail, so it's not that great a idea. I would be more worried about Thomas Cook than HMV or Game though.


Buy Thomas cook shares at absolute lowest 12p, they closed friday @ 18p That's already 50% earning. Gonna hold out till the end of the week and see how it goes.


How much are you paying for your trades? You've got to take that into account also you may not get the bid price when decide to sell.

Also HMV hasn't paid a year end dividend, if anyone cares.

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PostRe: Game Shares "Collapse"
by JiggerJay » Sun Nov 27, 2011 1:04 am

£7.50 per trade.

Skarjo wrote:You can buy all the fancy houses you want, we still remember you in a bath covered in ketchup for a free copy of CSI.

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PostRe: Game Shares "Collapse"
by JiggerJay » Sun Nov 27, 2011 1:39 am

You're guess is as good as mine mate, I guess it's about setting a limit of what price you are prepared to pay per share, in case of a massive fluctuation and you don't get so many shares for your money or some gooseberry fool.

Or it could be a case of, you'll only buy shares if they drop to a certain figure, so when they hit 5p for example you'll automatically buy 10,000.

Skarjo wrote:You can buy all the fancy houses you want, we still remember you in a bath covered in ketchup for a free copy of CSI.

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lex-man
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PostRe: Game Shares "Collapse"
by lex-man » Sun Nov 27, 2011 1:08 pm

Lucien wrote:How does the ask for a price thing work exactly?

If I signed up and it said shares were 4.3p can I buy all I want, or... how does that work?


You can only buy shares at the price people are selling them at. If you sell your shares you can set a minimum sale price and when you buy you can set a maximum buy price. If you don't you might end up really overspending because the price people are willing to sell at might suddenly jump from 5p to a few quid.

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Ecno
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PostRe: Game Shares "Collapse"
by Ecno » Sun Nov 27, 2011 3:56 pm

Please stop buying shares in the worst companies in the worst performing sector. Long term it's going to be all digital distribution anyway so it's not like it's buying penny shares in companies which could be the best new thing in robotics, oil and gas exploration or mining exploration.

If you're wanting to buy shares look at large companies which pay substantial dividends.

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Delusibeta
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PostRe: Game Shares "Collapse"
by Delusibeta » Sun Nov 27, 2011 4:09 pm

Ecno wrote:Please stop buying shares in the worst companies in the worst performing sector. Long term it's going to be all digital distribution anyway so it's not like it's buying penny shares in companies which could be the best new thing in robotics, oil and gas exploration or mining exploration.

If you're wanting to buy shares look at large companies which pay substantial dividends.

The problem is, of course, the cost of buying into these shares, and the fact is that approach is long term, while the people in this thread are very much in it for the short term.

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Ecno
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PostRe: Game Shares "Collapse"
by Ecno » Sun Nov 27, 2011 4:15 pm

Delusibeta wrote:
Ecno wrote:Please stop buying shares in the worst companies in the worst performing sector. Long term it's going to be all digital distribution anyway so it's not like it's buying penny shares in companies which could be the best new thing in robotics, oil and gas exploration or mining exploration.

If you're wanting to buy shares look at large companies which pay substantial dividends.

The problem is, of course, the cost of buying into these shares, and the fact is that approach is long term, while the people in this thread are very much in it for the short term.



Well the cost of buying shares is a factor of the deal.ing price it costs the same to buy 5 RDSB shares as it does however many game shares. You might aswell just spread bet if you're in it for the short term because the dealing costs are lower and you could leverage yourself more so you might make more than £5.

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Psychopomper
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PostRe: Game Shares "Collapse"
by Psychopomper » Sun Nov 27, 2011 7:56 pm

The banks have bailed Thomas Cook out to the tune of £200 million till April 2013 so that would suggest that they expect them to turn things round. Could be a good investment.

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PostRe: Game Shares "Collapse"
by Shadow » Sun Nov 27, 2011 9:15 pm

Thomas Cook seem a smarter investment than HMV or Game, there's an obvious reason why Thomas Cook are struggling and hopefully that reason will be gone in the next couple of years. Things are only going to get tougher for Game and HMV.


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