Game Group Dive

I have a small holding in Game Group (GMG), mainly because of the high dividend, my first purchase being back in September (A punt on a retailer)

The shares have faired badly, along with many other retailers, as consumers shelter from the constant bombardment of economic doom and gloom force-fed by the media and politicians.

So I realised a holding in Game wasn’t exactly a safe-haven, but the juicy dividend probably reflects the high risk.

So today’s trading update and share price crash wasn’t a surprise.

All the same, I purchased more shares today (at 11.47p), doubling my holding in fact, which reduced my average buying price from 21p to 16.24p – still well above the current share price though.

I fear these shares will continue to fall and I may well regret putting more money into this stock, but a good Christmas trading period and the new console releases next year might be enough to change their fortunes…

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>