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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Game Digital - Cut losses and sell

February 2016

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.

  • Epic Code:
  • GMD
  • Price:
  • 100p
Game Digital has shocked investors with another profit warning, this time blaming challenging trading conditions in the UK retail market, where video games sales fell 13.5%. Group gross transaction value fell almost 7% to £469m with low margin console sales down 20%.Game said UK sales and overall margins were impacted by a faster than expected decline in market for older format content as well as slower than anticipated switch to new format content (Xbox One and Playstation 4).It now expects adjusted EBITDA for the 26 weeks ended 23 January to be around £30m.Very disappointing. Cut losses and sell. ...

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