mattx Posted November 9, 2010 Posted November 9, 2010 Just read the GAME [ retail outlet ] share price is only 80p. May be worth a punt don't you think ?
synaesthesia Posted November 9, 2010 Posted November 9, 2010 It will be. I've got a fair few shares in them from previous involvement with parts of Game. The only way is up for the gaming market however with more of it going digital download, it could be a risky move.
mattx Posted November 9, 2010 Author Posted November 9, 2010 What was it last week, month, year? It was £1.60 last year. I may get a £500 worth - bit of a gamble but I'm feeling lucky.....
Theblacksheep Posted November 9, 2010 Posted November 9, 2010 profits down and down: supermarkets, online stores and digital downloads have been the big contributors. Lots of staff and nearly 700 stores, could all go wrong.
Hightower Posted November 9, 2010 Posted November 9, 2010 I tried the 'buy my own shares' route, but it was a pain in the backside. A couple of years ago I set up a Shares ISA which is managed by an account manager for a small commission. The shares took a hit during the start of the crash and all, but have been doing good in the past 12 months. I lost a lot of money in the crash but have since made that back with things slowly picking up.
mattx Posted November 9, 2010 Author Posted November 9, 2010 I tried the 'buy my own shares' route, but it was a pain in the backside. A couple of years ago I set up a Shares ISA which is managed by an account manager for a small commission. The shares took a hit during the start of the crash and all, but have been doing good in the past 12 months. I lost a lot of money in the crash but have since made that back with things slowly picking up. I've been lucky, never lost money on shares - I have tended to invest long term - 10 years or more, never done any short term dealings but I may with this - thinking about it now I think £250 would be better.
Hightower Posted November 9, 2010 Posted November 9, 2010 I've been lucky, never lost money on shares - I have tended to invest long term - 10 years or more, never done any short term dealings but I may with this - thinking about it now I think £250 would be better. My ISA account is a 5-6 year plan, and it's been going for about 4 years. I plan to run it longer though - just have to wait and see how the market picks up
mattx Posted November 9, 2010 Author Posted November 9, 2010 I just started a 5 year stock related one - quite low risk as if the market does not improve I won't have lost anything, I just get my money back. If however it does well I get about 27% interest on my sum which would be nice. I haven't told my kids the outcome will mean they go to Uni or not........
mattx Posted January 5, 2011 Author Posted January 5, 2011 (edited) Lordy - remember this thread anyone ? Glad I never got any in the end !! [ Game ] BBC News - HMV to close 60 stores as sales and shares slump http://www.google.co.uk/finance?client=ob&q=LON:GMG Edited January 5, 2011 by mattx
CAM Posted January 5, 2011 Posted January 5, 2011 Hightower, do you have any information on buying shares etc? Been wondering how it all works, especially managing it yourself.
Hightower Posted January 5, 2011 Posted January 5, 2011 No, I'm probably not the best person to ask for that sort of advice. What I do is pay a set amount of money into a shares ISA account every month. I took the high risk option, and a manager takes care of where the money goes etc. I've had the account for around 3 or 4 years, and although I took a big big hit at the start of the recession, I was advised to continue paying in and now they are back at about level pegging. I basically look at it like another savings account, but thats as far as my knowledge goes on the matter.
AyatollahPies Posted January 5, 2011 Posted January 5, 2011 Rather than throw your money away, can I have it please?
jamesfed Posted January 5, 2011 Posted January 5, 2011 Sorry am I wrong here or is it not £70? At least thats the way I read google finance- The Game Group PLC: LON:GMG quotes & news - Google Finance
somabc Posted January 6, 2011 Posted January 6, 2011 That's 70p and they are now a long way from their high of 300p in 2008!
Hightower Posted January 6, 2011 Posted January 6, 2011 Rather than throw your money away, can I have it please? People have made a lot of money in shares, and I personally think it's a safer bet than the likes of horse racing (which in-laws throw £xx's away each and every week)
TechMonkey Posted January 6, 2011 Posted January 6, 2011 Shares are rated in pence usually so 70.25 would be 70 and a quarter pence. I dabble a bit in spread betting which is a short term more accessible way into shares. Wouldn't say it was throwing money away if you are careful or even enjoy doing it & it is money you can afford to loose. I have lost some and had some fun (yeah I know, sad) researching and agonising over where to enter and exit a trade. It is obviously more fun when you come out on top. It is all about risk management and expectations. One trade dropped around £125 due to a rumour going around out of the blue but then made £120 (so made the 125 back plus another 120) once it came out as fake. Those are the annoying times as there is no accounting for it and no real way to protect. Across a few systems I'm probably down a little but still learning the ropes so should pick up. Considering I know people that could quite easily drop £100+ on an evening or on a sport event then I consider it fair terms considering I could actually make money out of it. Heck, I made £11 before I started work!
AyatollahPies Posted January 6, 2011 Posted January 6, 2011 People have made a lot of money in shares, and I personally think it's a safer bet than the likes of horse racing (which in-laws throw £xx's away each and every week) People have lost lots of money in shares. :-) When was the last time anyone on here bought a game from GAME?
Hightower Posted January 6, 2011 Posted January 6, 2011 People have lost lots of money in shares. :-) When was the last time anyone on here bought a game from GAME? Just before Christmas. I use Play.com usually, but if I'm at the Metro and they have something I like I'll get it from there.
AyatollahPies Posted January 6, 2011 Posted January 6, 2011 Just before Christmas. I use Play.com usually, but if I'm at the Metro and they have something I like I'll get it from there. There's the rub. As you say though, folk blow money left, right and centre on the GeeGee's and the footy, so as long as nobody is thinking of investing their life savings in GAME then best of luck.
AyatollahPies Posted September 29, 2011 Posted September 29, 2011 Oh dear. Losses mount as troubled games retailer Game Group battles on | This is Money
mattx Posted September 29, 2011 Author Posted September 29, 2011 Oh dear. Losses mount as troubled games retailer Game Group battles on | This is Money Lordy !! Glad I didn't get any in the end..... I have to say I'm surprised at the comment in regards to more people buying games on-line - does that mean downloading, or just purchasing on-line. I only buy one game a year brand new - the rest are all second hand. I thought it would be the actual game makers suffering.
featured_spectre Posted September 29, 2011 Posted September 29, 2011 Only time game do well is when fifa, cod, bf and pes games come out. The buy up often meany they sell out three or four times a week for two weeks then its bk to normal.
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