We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
wonder just how much more? I guess we will know that after he publish his accounts which are now overdue!!
Im incredulous if the performance criteria have been waived.
Game Digital has hardly been a success but, if like Director Gibbs, you have Nil Cost options the, hey, things are OK. What a wonderful world these directors inhabit: 1.5m nil-costs @ £0.00 = £0.00 & accept offer immediately @ £0.30 = £450,000 = PROFIT £450,000. Nice job if you can get it !
My view entirely. Ashley has a minority shareholding he needs more shares to control the company otherwise what is the point of him being involved.all shareholders have to do is hold out he is bound to try offering a bit more.No doubt institutions will give in and sell.
Game's management is eating out of Big Mike's hand. And they better do to keep their jobs safe. Still the offer is 10% below net cash and cash generated from operations was £7mm last year . No vote from me on this deal...
This guy has been at Game for such a long time, I don't know how many times he has seen it go bust. SP is near rock bottom as the cycle repeats itself again.
I'm concerned that he and the BoD will somehow convince some large shareholders to hold out and SD will pull the pin putting the SP back into the low 20s.
Belong is behind schedule and moving too slow in this market. It has not proven its business model and is being overtaken by other gaming concepts. Despite having 'Digital' in its name there is very little Digital about it. I'm out after a couple of years in here, prospects are slim and SD is a white knight in my eyes. Lucky to sell most on the last big spike and get out with a gain on this one. Could have been worse. GLA
Ashley only has 38% of Game. If he wants to control the co he needs more . If shareholders refuse to sell at 30p surely he must increase the offer?
The offer represents a 27% premium to the previously recently manipulated down price of 23p.
Will the board try to rebuff his offer, will the American hedge funds try to swipe this one from him like they did with Debs ?
I won’t vote for the offer. It’s low ball considering the cash reserves of he the business and cash generation of its operations.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GMD/14100266.html
GAME notes the announcement by Sports Direct International plc ("Sports Direct") of a mandatory cash offer for the Group, at a price of 30 pence per GAME ordinary share of £0.01, in accordance with Rule 9 of the City Code on Takeovers and Mergers (the "Code") (the "Mandatory Offer"). This follows Sports Direct's acquisition of an 8.60 per cent. shareholding in the Group, which takes the interest of Sports Direct in the shares of the Group to approximately 38.49 per cent. of the issued share capital of the Group.
That's the thing with gmd, i've always hung on because it always should be worth a lot more than the current share price but it never takes off as the market thinks its gonna get wiped out by online at some point.
Offer is too low deffo.
I believe GMD has cash of well over 40p per share.
Glad you sold? When? its been below 30 for a while - you'd have to have sold before July last year to have done better than the offer.
Glad I sold
There's no pressure for sports direct to take this out in my opinion
Discless version launched today. Will Netflix/Spotify for games send Game the way of Blockbusters/HMV ?
i reckon TR1 soon, that 75k grand is the 0.11% needed to hit 30%
just my opinion, dyor
73k BUY I think sports direct are going for this in my opinion.
something defo going on
buy
must be now surely
Sure is looking lively
someone's thrown the kitchen sink at this, this morning
no bid yet then