GAME shares are climbing steadily and at the time of writing (8.30am) are being offered on the market at 3.67 pence.
“GAME has a huge number of assets,” it said. “It even owns its Basingstoke HQ which itself is extremely valuable. The market isn’t considering these factors properly.”
“Even if a bidder secured a purchase of the entire chain for £1 we still see the opportunity to make a significant profit. And should administration happen there’s still money to be made at the current share price.”
“GAME stock is certainly worth far more than it’s currently valued at.”
In other news, a leaked memo says that both Activision and Microsoft have pulled support for the retailer, which brings the publisher list of games that GAME aren’t currently selling to Nintendo, EA, SEGA, Capcom, Tecmo and – of course, the two above.
Finally, we’ve heard that GAME have been ‘blocked’ from selling a Star Wars-themed Xbox 360 SKU.
Update: Posted edited to include the leaked memo and Star Wars SKU news, title change. [ac]