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I would prefer a lot of people over Mike Ashley but SD has deep pockets and beggars cant be choosers. I can't see anything so far that would suggest he is a hugely successful investor, Goals Soccer, Debenhams, although he bought Game at the bottom
Yes agree. Management need to continue with reshaping the business and speed is the essence. Mike Ashley is not one to waste money...although he did get a good deal out of the Belong partnership!
Yeah totally agree facester. It's a patient gamble on management's ability to execute Belong. The market scepticism is reflected in the SP discount discount to net tangible asset value, and the ,measly �3.2m they received for 50% of Belong. But maybe they decided they really needed the SD strategic alliance for further funding, floor space, cuddles etc Like most I'm bearish on the retail side (to be polite), but that business at least seems to be cash neutral. So I'm holding a few shares because I see it as a cheap option on Belong. They have funding and early signs are encouraging. Its a large and growing market and they seem to have first mover advantage. But they need to get their act together or Amazon will find a way to muscle in. So maybe, just maybe, in 3 years time they WILL have 100 Belong arenas up and running, generating �70m in revenue, with Game taking a 23% operating share.
You seemed bullish not bearish on your last but one posting? Not disagreeing with your view...just confused. I think it is an each way bet....emphasis on the last word!
Loads of leases are about to expire, I don't think it would take that much to shut this business down. Talking about cash I just read in their presentation that they have facilities over the peak season of �169m, plus �85m in cash. I know these guys got burned once running out of cash, and they are keen to demonstrate to suppliers and credit insurers that they can meet their obligations, but that seems excessive? http://www.gamedigitalplc.com/~/media/Files/G/Game-Corp-V2/documents/results-reports-presentations/2018/2017-18-interim-results-presentation.pdf
Maybe MA is chasing all that cash tied up in the business and forget about the rest
Not many shares around facester. 62% between Elliot and SD. It moves like a rocket both ways. At these levels I would say its risk is limited when its cash alone is worth 50p+ per share. You are buying at the lows here. It was 60p not long ago and not much has changed about the market since then, if anything its improved slightly
Signs of life? This sure is a volatile share...and a risky one at that!
Did someone just make 300 � in 10 minutes.