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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Game - Broker sets 200p share price target

June 2002

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:
  • GMG
Shares in Game, formerly Electronics Boutique, touched a new high of157p before falling back, after excellent final results.  Pretax profit, before one-off rebranding costs of £5.2m, rose 143% to £31.5m. Diluted earnings increased 91% to 4.76p. Current trading remains buoyant with like-for-like sales up 26% in the first 12 weeks to April. Thedriver of this computer game retailer's sensational performance hasbeen the inexorable growth in the installed base of Playstation 2 gaming consoles, up from 1.7m units in February to over 2m now.   Initial sales of Microsoft's X-Box were disappointing,but the recent price cut from £299 to £199 (from 26 April) should give sales a shot in the arm.   Meanwhile, ...

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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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