GAME in trouble?

Simon · Mar 16, 2012, 11:37:21

Or should that be £60K?

pctech · Mar 21, 2012, 11:34:17

Game's board have requested its shares be suspended from the LSE

http://www.channelregister.co.uk/2012/03/21/game_shares_suspended/

Board has said there is 'no equity' left in the business.

Glenn · Mar 21, 2012, 11:56:53

There are a lot of people that have lost a lot of money, thankfully I'm not one of them.

pctech · Mar 21, 2012, 11:58:53

Yep me neither, did think about sinking some dosh in, glad I didn't now.

Technical Ben · Mar 21, 2012, 16:09:27

Quote from: Glenn on Mar 21, 2012, 11:56:53
There are a lot of people that have lost a lot of money, thankfully I'm not one of them.

Hence my scare story on if this would go down the route of other companies! (banks etc)

Glenn · Apr 01, 2012, 18:26:52

3200 jobs at Game have been saved, after OpCapita, a private investment firm bought part of the company.

http://www.bbc.co.uk/news/business-17578451

pctech · Apr 02, 2012, 22:17:34

I'm really pleased to hear that for the people that work there provided the ulterior motive of the private equity firm isn't asset stripping.

zappaDPJ · Apr 02, 2012, 23:40:21

It'll certainly be interesting to see how they plan to turn it around as I don't think it's viable to maintain their current business model. The days of boxed computer games are all but gone so they will need to diversify to return to profit.

Technical Ben · Apr 03, 2012, 09:20:48

Quote from: zappaDPJ on Apr 02, 2012, 23:40:21
It'll certainly be interesting to see how they plan to turn it around as I don't think it's viable to maintain their current business model. The days of boxed computer games are all but gone so they will need to diversify to return to profit.

Sell every brick and chair, work the staff to the bone, "monetise" a "managed investment vehicle" and complain when it goes wrong?

pctech · Apr 03, 2012, 09:32:47

Quote from: zappaDPJ on Apr 02, 2012, 23:40:21
It'll certainly be interesting to see how they plan to turn it around as I don't think it's viable to maintain their current business model. The days of boxed computer games are all but gone so they will need to diversify to return to profit.

Not if you are using a console they aren't and I hope that MS don't stop producing Xbox 360 games on DVD

Technical Ben · Apr 03, 2012, 11:13:15

There is a possible way. Make it an internet cafe style shop? A cross between Apple stores and Starbucks? Advertise and sell apps in store. Provide a download service (buy now, download while you shop, ready for when you get home) or a usb memory card for "in store downloads".

zappaDPJ · Apr 03, 2012, 14:29:05

Quote from: pctech on Apr 03, 2012, 09:32:47
Not if you are using a console they aren't and I hope that MS don't stop producing Xbox 360 games on DVD

There's already a lot of speculation within the console industry that the next generation of consoles may well rely on digital downloads to external and internal flash based solid state storage devices.

Technical Ben · Apr 03, 2012, 16:55:06

If the Vita is anything to go by... I'm glad I'm getting to old for it all.

pctech · Apr 03, 2012, 18:56:24

Quote from: zappaDPJ on Apr 03, 2012, 14:29:05
There's already a lot of speculation within the console industry that the next generation of consoles may well rely on digital downloads to external and internal flash based solid state storage devices.

That's one way of killing off the second hand market they hate so much