Updates

GAME Digital - Solid peak trading

February 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Ahead of results on 27 March, GAME said Christmas trading was solid, with gross transaction value (GTV) up 5.2% in the 9.5 week period to 6 January. This is an acceleration over the +2.8% sales performance in the previous 15 weeks.This was driven by hardware sales (+25.8%) with good stock availability for Nintendo Switch, PlayStation and the recently launched Microsoft Xbox One X. BELONG saw 155,000 hours played in the first 23 trading weeks. New openings are planned from February and the first two arenas will open in Spain this year. GAME is expecting to exceed the £4m full year cost savings previously guided. Net cash stands at £67m (39.2p a share) and stripping this out, Edison notes that it values the bu ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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