Analyst Views: What did you make of Game Digital’s full-year trading update?
SIMON DAVIES | CANACCORD GENUITY
The hoped-for improvement in cash flows following the IPO has come through more quickly than anticipated, which points to potentially more one-off returns of cash to shareholders. We see a strong pipeline of new game releases for 2015, supporting strong growth of next generation consoles expands.
SANJAY VIDYARTHI | LIBERUM
Game is on track with its omni-channel growth strategy and we are encouraged by the continuing growth in market share across all channels. The pipeline of games going in the first full year of the new console cycle is strong. The success of Watchdogs and the pre-orders of Destiny are both encouraging.
NICK BUBB | INDEPENDENT ANALYST
Investors hoping for a really detailed trading update from Game Digital will be disappointed. The statement is not exactly brimming with detail, with the only sales figure a full-year growth 30 per cent, after a “solid” second half. Year-end cash of £80m is good, but there’s not a lot of meat otherwise.