Updates

Game Group

February 2009

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.

Shares in computer gaming group Game rallied sharply after it announced a very positive update. Total sales for the six weeks to 10 January increased 16.6% while like-for-like sales rose 5.4% (+10% in the UK and +3% internationally).Meanwhile, the existence of five successful hardware formats throughout the year has led to an increase in the proportion of higher margin software sales in the overall mix, which meant gross margins for the year to 31 January will be 1.4% higher than the previous year. As a result, the company now expects to achieve a profit slightly ahead of expectations. Cazenove has upgraded eps forecasts to 25.1p, although for 2010 it has downgraded slightly to 23.2p reflecting macro headwinds. The sh ...

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Big Yellow - Hopeful of pick up in Spring

Goodwin

Game Group - Escapism buoys sales of computer games retailer (November 2008)

Game - Consumers stay away before Xmas (February 2003)

Game (November 2002)

Game - Finance director buys 75,000 shares at 100p (August 2002)

Game - Broker sets 200p share price target (June 2002)

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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