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Hot Stocks: investors trade sinking Game Group

The most bought and sold shares of the past week, according to the latest data from Selftrade.

 

by Chris Marshall on Mar 23, 2012 at 05:01

The week's most actively bought investments

Stock Buys in last 7 days* Type Sector Tools
Red Emperor Resources NL 322 Share Oil & Gas Producers AlertsPortfolio
The Game Group PLC 315 Share Personal Goods AlertsPortfolio
Vodafone Group PLC 256 Share Mobile Telecommunications AlertsPortfolio
Range Resources Ltd 238 Share Oil & Gas Producers AlertsPortfolio
Lloyds Banking Group PLC 166 Share Banks AlertsPortfolio
Tesco PLC 147 Share Food & Drug Retailers AlertsPortfolio
Aviva PLC 144 Share Life Insurance AlertsPortfolio
Royal Bank of Scotland Group PLC 134 Share Banks AlertsPortfolio
Oxus Gold PLC 126 Share Mining AlertsPortfolio
Gulf Keystone Petroleum Ltd 112 Share Oil & Gas Producers AlertsPortfolio

Source: Selftrade. *Data is as at market close last Wednesday.

The week's most actively sold investments

Stock Sells in last 7 days* Type Sector Tools
Lloyds Banking Group PLC 276 Share Banks AlertsPortfolio
The Game Group PLC 249 Share Personal Goods AlertsPortfolio
Red Emperor Resources NL 192 Share Oil & Gas Producers AlertsPortfolio
Royal Bank of Scotland Group PLC 175 Share Banks AlertsPortfolio
Range Resources Ltd 166 Share Oil & Gas Producers AlertsPortfolio
Tesco PLC 149 Share Food & Drug Retailers AlertsPortfolio
Barclays PLC 127 Share Banks AlertsPortfolio
Gulf Keystone Petroleum Ltd 112 Share Oil & Gas Producers AlertsPortfolio
ETFS Physical Gold Fund 110 ETF Equity Investment Instruments AlertsPortfolio
BP PLC 87 Share Oil & Gas Producers AlertsPortfolio

Source: Selftrade. *Data is as at market close last Wednesday.

Game sinks

Private investors traded Game Group (GMG.L) frantically in the last week as the company hurtled towards administration, following other struggling retailers that have succumbed to the squeeze on consumers. It was both the second most sold company and the second most bought among investors on the Selftrade platform. TD Direct Investing (formerly TD Waterhouse) also reported that Game had been the top ten customer buy for the week to 19 March ‘after closing at 2.38p compared to last week's closing price of 1.193p’.

On Wednesday the company, which has been surpassed by online stores such as Amazon, finally announced it was appointing administrators. This move came just after the company announced that its shares were worthless and suspended trading: ‘there is no equity value left in the group’ it said in a stock market statement, ending the suffering of investors who have watched the share price slowly decline for two and half years.

The company management is still trying to find a last-minute solution. ‘The board's intention is that the business will continue to trade and discussions with lenders and third parties will continue under the protection of the interim moratorium,’ they said on Wednesday.

3 comments so far. Why not have your say?

abbass hassan

Mar 23, 2012 at 09:02

just feel sorry for the poor share holder's , same old story ( no one to blame).

report this

Alan Phillips

Mar 23, 2012 at 23:28

Made money twice out of it by buying and selling about 18 months ago.Therefore I am one of the lucky ones.

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Jeremy Bosk

Mar 24, 2012 at 11:02

Gave up buying games twenty years ago because I was sick of rip off prices and format wars - not just Betamax and VHS. The games themselves also deteriorated into graphics heavy / brain light trivia.

I went through the same process with music and video. Format wars, broken copyright protection software and other forms of technological obsolescence made the whole thing a waste of money. Nowadays I listen to Radio 3 and occasionally watch television.

Greed and short sightedness are destroying the creative industries. Even their attempts at long term thinking such as bribing politicians to extend copyright for seventy years after a writer or composer's death merely add to costs and drive people to commit piracy. Or in my case visit Project Gutenberg to read the many wonderful books written more than seventy years ago.

In effect, Game Group fell to a consumer boycott. Hollywood and the other would be monopolists should take note.

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