Edison Investment Research - Game Digital (GMD) The long game

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Edison Investment Research

The long game

Game Digital (GMD) is a market leader in video gaming with an enviable 32% average share of its two markets. It is executing a major change of strategy aimed at a fuller, experience-based relationship with its customer group, which should bring reduced dependence on the cyclicality of the games market. For the moment management is focused on the transition, while the balance sheet, and hence the dividend yield, is well protected.

19/04/2017 14 EN

Underlying

Game Digital

Game Digital provides gaming and gaming-related products, including hardware, console physical content, console digital content, non-console digital content, accessories, licensed merchandise and own-label products in the U.K. and Spain. Co. also sells mobile devices and movies, provides gaming experiences in-store on consoles, personal computers and virtual reality devices and operates community-based gaming activities including gaming events and esports, digital hosting services for businesses and customers for multiplayer gaming. Also, Co. operates a software development business focusing on visual recognition and augmented reality technologies. At Jul 31 2017, Co. operated 572 stores.

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GB00BMP36W19 United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Game Digital - Suspension of estimates

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Game Digital - Good performance in a challenging market

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The long game

Game Digital - Suspension of estimates

Game Digital - Good performance in a challenging market

Game Digital - Resilience over the peak trading period

Henderson Far East Income - Repositioning to raise total returns

Freelancer - AI to drive return to growth

Renewi - Solid trading and better cash generation

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