Member Info for mbingo

Great publicity! Stew, what are your mid-term targets?

The 2nd parr of the RNS post sport direct acquisition makes for good reading: "GAME is aware that Sports Direct has taken significant strategic equity stakes in a number of retail and brand businesses across both the UK and USA, and is a leading retailer which partners with major global brands and suppliers. GAME is pleased that the strategic value of the group has been recognised by Sports Direct through this acquisition of a 25.75% stake. The Group looks forward to working collaboratively with Sports Direct to explore the clear opportunities that a constructive partnership and collaboration can deliver for all stakeholders in the gaming, live events and rapidly growing esports markets in which it operates."

Picked up some more at 38.3. Stream of buys - strange how this is being held back ...

A lot of the sells are actually buys aswell. Wonder if there is a background seller holding it back. Who knows? It will play out and this looks way undervalued.

Good point, can see the potential synergies.

Taff, Ashley's stake is via sports direct if I understand correctly. That's 25.75%. From what I understood when I looked back over the holdings RNSs, the free float is circa 20% only.

To me, all the delayed trades look like buys, inc the 90,000 trade @ 37.00. Strange that we didn't jump higher - tomorrow maybe.

Right, I've got 100k of these now. Looks ripe for a re-rate!

Pays a dividend too ...

Float so small. Moves quick!

I just paid 35.4 for some. Picked up some at 33 yesterday. Can see very limited downside and lots on the upside ...

Well, I'm new. Can anyone provide an updated major shareholder list? I couldn't see one on the website... thanks

plus Pelham fund: 4-5% So close to 80% closely-held if i understand correctly.

Does anyone know the free float here? Looks low from what i can see: Elliot Capital: 44% Sports Direct: 25.75% Directors: Circa 2-3% Please correct me if i'm wrong. thanks

Cash being taken out of the business, hence drop in assets. Reasonable expectation for 8p drop once ex dividend to reflect this. However, is 16p representative of current value? Seems light to me. Sure this used to be a favourite of Simon Thompson of investors chronicle...

0.258 USD

Yep, expectations of further dividends. NAV @ 0.258/share which is 20p/share. Limited downside from here imo ..

It good to have the analysts on side aswell as Woodford and Invesco (assume that they were invested at the float price - 80p odd a few years back). Enough positives for me to hold this back to that level (and hopefully beyond). Expect that we'll see a major increase in revenue at the next update. And that revenue is predominantly in USD, so positive exchange rate movement also.

Apologies: $300m+ and 150m+ And these are just two of the contracts around their services, let alone the product value.

Major players have bought into the services that they provide - clearly, they provide value, USD350m of value for one of them (sure, we don't have the specifics), but That's more than potential. And a market cap shy of USD 60m (circa 10m cash) doesn't sound a lot to me for proven buy-in.