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Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Thu Jul 20, 2017 12:18 pm
by Shadow
Lagamorph wrote:I've never understood this obsession with "profits must be higher than last year", it's just totally unsustainable in the long term. So long as you're in profit after all your costs that should be all that matters, even if that profit is less than last year's profit.


Given all that scandal around SD paying less than minimum wage (which I can only assume they've addressed) then you'd want/expect them to have lower profits. They're actually paying their staff properly now.

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Thu Jul 20, 2017 12:18 pm
by jawafour
Lagamorph wrote:I've never understood this obsession with "profits must be higher than last year", it's just totally unsustainable in the long term. So long as you're in profit after all your costs that should be all that matters, even if that profit is less than last year's profit.

You'd think so, Laga, but business takes the view:

> 2015 profits of £100m "are an indicator of solid business strategy"
> 2016 profits of £104m "demonstrate a significant increase in direction and performance"
> 2017 profits of £99m "are very disappointing and so hundreds of lower-paid staff will be sacked"

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Thu Jul 20, 2017 12:27 pm
by OrangeRKN
Lagamorph wrote:I've never understood this obsession with "profits must be higher than last year", it's just totally unsustainable in the long term. So long as you're in profit after all your costs that should be all that matters, even if that profit is less than last year's profit.


People invest in shares in the hope that the business will grow and their shares will increase in value. Post-growth businesses are not attractive investments.

Yes it's unsustainable.

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Thu Jul 20, 2017 12:50 pm
by Gemini73
Shadow wrote:
Gemini73 wrote:Sport Direct not looking too sharp...

http://www.eurogamer.net/articles/2017- ... nk-of-game

I'm sure Ashley's investment in Game will turn things around. :slol:


Sports Direct still made £113m in profits though. That might be less than they made the previous year, but that's still a very healthy business.


In truth I wasn't aware of that. Typical of EG to not report the whole picture. Clicks and hits.

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Thu Jul 20, 2017 2:56 pm
by Moggy
Lagamorph wrote:I've never understood this obsession with "profits must be higher than last year", it's just totally unsustainable in the long term. So long as you're in profit after all your costs that should be all that matters, even if that profit is less than last year's profit.


It's silly, but that's capitalism for you.

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Mon Jul 24, 2017 5:47 pm
by Moggy
Game have just opened "the UK's biggest gaming arena" in Bristol.

http://www.bristolpost.co.uk/whats-on/w ... ust-232275

I haven't been there or even seen it, but thought it might interest some people.

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Mon Jul 24, 2017 6:58 pm
by Victor Mildew
Moggy wrote:Game have just opened "the UK's biggest gaming arena" in Bristol.

http://www.bristolpost.co.uk/whats-on/w ... ust-232275

I haven't been there or even seen it, but thought it might interest some people.


Dat moment when you have all the stuff they have :datass:

Would be pretty cool for a meet actually, go to the pub for a few hours, have a few hours gaming with a group of you then go to another pub.

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Mon Jul 24, 2017 7:12 pm
by Lagamorph
Ad7 wrote:
Moggy wrote:Game have just opened "the UK's biggest gaming arena" in Bristol.

http://www.bristolpost.co.uk/whats-on/w ... ust-232275

I haven't been there or even seen it, but thought it might interest some people.


Dat moment when you have all the stuff they have :datass:

Would be pretty cool for a meet actually, go to the pub for a few hours, have a few hours gaming with a group of you then go to another pub.

Yeah but the downside is you have to go to Bristol.

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Mon Jul 24, 2017 7:36 pm
by popgunrobber
Only just realised my local GAME is selling honey mustard flavour Pringles...£3.50 a throw mind.

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Mon Jul 24, 2017 7:36 pm
by Victor Mildew
I don't think i've ever had a bad night out in Bristol.

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Mon Jul 24, 2017 7:40 pm
by Moggy
Ad7 wrote:I don't think i've ever had a bad night out in Bristol.


Laga's joke is a classic, but it doesn't really work with awesome places.

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Mon Jul 24, 2017 8:13 pm
by KjGarly
popgunrobber wrote:Only just realised my local GAME is selling honey mustard flavour Pringles...£3.50 a throw mind.


What's the mark up on pre owned?

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Mon Jul 24, 2017 8:31 pm
by Winckle
KjGarly wrote:
popgunrobber wrote:Only just realised my local GAME is selling honey mustard flavour Pringles...£3.50 a throw mind.


What's the mark up on pre owned?

You joke, but:

Image

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Mon Jul 24, 2017 8:31 pm
by Moggy
Winckle wrote:
KjGarly wrote:
popgunrobber wrote:Only just realised my local GAME is selling honey mustard flavour Pringles...£3.50 a throw mind.


What's the mark up on pre owned?

You joke, but:

Image


Cold, next day pizza is the best though. It makes sense to charge more for it.

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Mon Jul 24, 2017 8:55 pm
by Victor Mildew
Bullshit, if pizza waa better cold, it would be served that way in pizzeria.

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Mon Jul 24, 2017 9:02 pm
by Lex-Man
Moggy wrote:
Ad7 wrote:I don't think i've ever had a bad night out in Bristol.


Laga's joke is a classic, but it doesn't really work with awesome places.


It's a great place to go out, the fact that you know your chances of making it out alive at the end of the night are only 50/50 only adds to the fun and excitement.

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Mon Jul 24, 2017 10:27 pm
by KK
Ad7 wrote:Bullshit, if pizza waa better cold, it would be served that way in pizzeria.

I dunno, whenever I order with Pizza Hut it's always delivered stone strawberry floating cold.

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Mon Jul 24, 2017 10:50 pm
by Victor Mildew
:lol:

Touche

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Tue Jul 25, 2017 12:29 pm
by Eighthours
KK wrote:
Ad7 wrote:Bullshit, if pizza waa better cold, it would be served that way in pizzeria.

I dunno, whenever I order with Pizza Hut it's always delivered stone strawberry floating cold.


Takeaway pizza is ALWAYS undercooked as they get it out to you as soon as possible. I always turn the oven on so I can cook it for an extra few minutes!

Re: GAME Shares "Collapse"; Sports Direct owner purchases 26%

Posted: Tue Aug 08, 2017 9:18 am
by Gemini73
Physical sales down 20% year on year. Game shares fall 2.5% year on year

http://www.mcvuk.com/news/read/physical ... ar/0185546

The report claims people are buying less games. People buying more games digitally is probably closer to the truth in the decline of physical sales.