Author Topic: GAME over?  (Read 4143 times)

Offline stealthwolf

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Re: GAME over?
« Reply #10 on: 18 March 2012, 19:36 »
when I was in my local game buying forza last week I saw loads of cheap as chips games, many for £2 even saw some for 99p!
Must've been preowned games. They were the only ones marked down when I went to Game yesterday. Brand new games were still full price

Offline The Mighty Elvi

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Re: GAME over?
« Reply #11 on: 21 March 2012, 10:54 »
Nearly there.

"Shares in the video games retailer Game Group have been suspended from trading "pending clarification of the company's financial position".

The firm has seen its business eroded by competition from online-only retailers, such as Steam and Amazon.

Last week, Game confirmed that a number of suppliers were refusing to do business with the company.

The group, which is headquartered in Basingstoke, has 1,300 stores worldwide, including 600 in the UK.

In a statement, the firm said the value of the company had been eroded, and had made the decision following talks with its lenders and a potential third party provider of finance.

"The board now considers itself to be unable to assess the business's financial position, and is of the opinion that there is no equity value left in the group.

"Therefore the company has requested that the listing of its securities on the Main Market of London Stock Exchange plc be suspended from trading with effect from 07:30 today."

Shares in Game closed at 2.39p on Tuesday, having fallen from 62p a year ago."

http://www.bbc.co.uk/news/business-17455742

Offline archie837

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Re: GAME over?
« Reply #12 on: 21 March 2012, 16:08 »
Hell of share price drop.

One of the last things I facilitated before leaving Micro-P was kitting out all their stores with new Samsung Laser machines and a contract for the consumables for the forseeable future.

 :laugh:
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Offline Mr GTD

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Re: GAME over?
« Reply #13 on: 21 March 2012, 19:04 »
OUCH!

Won't be long now....
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Offline The Mighty Elvi

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Re: GAME over?
« Reply #14 on: 26 March 2012, 11:49 »
OUCH!

Won't be long now....

Went into Administration this morning.

http://www.bbc.co.uk/news/business-17512143


Offline Mr GTD

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Re: GAME over?
« Reply #15 on: 26 March 2012, 13:17 »
OUCH!

Won't be long now....

Went into Administration this morning.

http://www.bbc.co.uk/news/business-17512143



Even BIGGER OUCH! :grin:

Nothing about job cuts tho but I'm sure they come....just feel for thousands of people who will inevitable lose there jobs cus of this...

More people out of work, just what we need!

NOT!!!!

Collected 1st March 17 - MK7 GTD 5dr DSG Pure White With Optional Extras - Tech Pack - Sports & Sound - Pan Roof - Tints - Leather

Offline The Mighty Elvi

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Re: GAME over?
« Reply #16 on: 26 March 2012, 15:26 »



Offline The Mighty Elvi

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Re: GAME over?
« Reply #17 on: 26 March 2012, 16:32 »
277 Stores to close immediately. 2100 job losses.

333 stores remain open.


Offline boneybradley

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Re: GAME over?
« Reply #18 on: 27 March 2012, 13:20 »
well both stores in York have shut (about lunchtime yesterday) and I was going to buy a few things today as well (and use my bonus points while I could!)
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Offline The Mighty Elvi

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Re: GAME over?
« Reply #19 on: 27 March 2012, 19:44 »