Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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MA sorry Mike Ashley
so for a £ you get x2 pounds no brainer and MS upped his stake eyes on
Market cap £40mln and cash £90mln
Morning all
some big guys in with the 14 grand buy. Think MA will be forced to buy this at a premium now that footasylum has been taken out by JD, and hes clearly got the cash for DEBS. MA is trying to take out the high street and get the rents down.
double your money here lovely
offer made to deb at 5p 100 something % premium
think we got something similar happening here given the games belong arenas are going to open in sports direct stores
apparently they have plans for something bigger
think an offer is very likely on the cards here.. unlikely it will be at such a price though
i am a gamer myself and buying discs has benefits
you can sell them once you are done with them
with digital copies you have to go through the trouble of creating another account as you can only sell your account...so thanks but discs are still in
sports direct already owns 50% of the belong gaming arenas
esports is a big thing and reading from reviews its working out well for game
also if you search for gaming arenas in uk games name is the only one popping up!?
Now up to almost 30%. Will Mike put us out of our misery?
high volumes?
I think GAME is a bit different. Revenue was up in the latest results, it makes an operating profit if you exclude 15m of intangibles amortisation and generates significant operating cash flows. Has virtually no debt and a cash pile.
Based on my own experiences of downloading films I imagine the costs of bandwidth will deter a lot of downloaders and online retailers are almost certainly going to be clobbered with an extra tax.
I've been clobbered with this share but have hung on because it isn't a basket case.
No doubt I will be made to look foolish by a profit warning some time soon!
If HMV cannot survive after closing many shops and re-positioning their business, I cannot see how Game will continue. Their online prices are always going to be beaten by the retailers that do not have shops and staff to pay for. Will be interesting to see if they get through 2019
Game are horrendous... new releases are to the penny the maximum price . Go to a Tesco etc for a good third off.. if you are over the age of 40 staff are patronising and try to be pushy with crap games sales . They always assume you are buying for the kiddies and that our generation did not grow up with games. Nope never use them
My daughter and son are 18 and 16. They buy games on STEAM and downloads - and they go into game shops. I opened a Lifetime ISA and a standard for her this year. She had only one share she said she wanted to buy in mid summer - at 28p - GMD. So she's in. How old are you ?
Very surprised this company is still going. A gamer has 3 options when buying a game, drive to a shop selling discs (Game, Tesco, Argos ext) Order from an Internet company (Amazon ext)
Download or stream it from PSN or Xbox live.
Generally same price (especially at launch)
There’s only one option for the future.
Game has no future, they CEOs will definitely know this.
The tangible net asset value certainly seems to be providing a cushion to the SP. I have been accumulating below 30p when the chance presents itself.
We should get a pretty good idea over the next 6 months how the current Belong arenas are performing. If they are then an esports business with a solid level of revenue growth should attract a premium multiple. Consumers can be fickle and at the moment the market says that its not worth anything.
GMD seems like a “high uncertainty low risk” situation, with more cash on the balance sheet than market cap and a Net-Net value of 37p per share (net net=current assets minus all liabilities) assuming BELONG can develop as a viable business we can easily see market price rise to 0.5 which is the tangible book value per share. At a price of 30p per share I believe this is a very compelling opportunity, at the end of the day the only thing that matters are fundamentals and they look good for GMD at current price levels.
Anything could happen with this one in the ST
40p very soon
Correction: Cash £58m, not £54m
Revenue looks to be around 4% lower than consensus but given low margins the impact on earnings is negligible. However due to the impact of headwinds such as the Fortnite craze, Liberum lowered its EBITDA forecast by 9% and drops target to 50p but maintains its Buy. Similar story from Edison with a 7% drop and further drops in 19-20. Updated research note here maintaining its buy with a 76p price target:
https://www.edisoninvestmentresearch.com/?ACT=18&ID=21809&LANG=
Belong progressing, slowly, first larger site in London opened a couple of days ago ... Will need the full year release to make an assessment of growth in utilisation indicating whether Belong as a concept has legs and whether Game is still in line to return to profitability (and pay a dividend) in 2020.
Currently valued at below net cash indicates the market attributes nil value to either the retail or Belong businesses. SP has been declining relatively steadily now for 3 years and looks to be in the prestigious group of companies who have experienced 90% declines in SP.
I hold here motivated by a value/contrarian approach, and am willing to take a punt on whether Belong will be a success given the huge cash buffer likely to cushion from the downside. Cash £54m MCap £48m.
It tends to happen a lot here, not a huge free float and it tends to move suddenly with the spread all over the place, especially when its going up.
Speculation in the FT today that Ashley’s purchase of House of Fraser and interest in Debenhams may lead to them turning their unused basements into gamer dens.
Given the Belong partnership between Game and Sports Direct this would have obvious ramifications for them
the spread is getting bigger as the price rises