Not too much of a change for management then.

yourfavouriteuncle wrote:

Yeah, that’s what I thought with game.  They appear pretty worthless as a company so I don’t get the shouts of asset stripping tbh

Have you ever had parents or elderly neighbours hand you a pile of junk, suggesting that it might be worth something if you can be bothered to sort it all out and sell it? It rarely seems worth the effort. But if you already ran a business selling stuff on eBay, Gumtree, and Amazon Marketplace, then you’ve already got the means in place to process it all.

They might be shit as a company, but there’s a bunch of stuff to sell and recoup the costs.

Inventory isn't the same thing as assets. Like legally, the tax man sees them differently.
Assets are the core parts needed to make the company tick over. For Game it is their shelves, their tills, their office PCs. 

Inventory takes time and effort to sell off and is a gamble, that's not how an asset stripper operates. Inventory is also complex, 1000s of lines, some sale or return, others bought at a price unachievable currently. It is a headache that an asset stripper would likely just auction off cheap, bulk to someone willing to do the work.
The exceptions would be high value, high mark up inventory, car dealerships, jewelers etc.


Assets are core to the company running, an airline's planes, a game developer's current IP, patents, real estate, a mechanic's tools etc. They have value but the value can't be accessed by anyone willing to keep the company going.

Game have no worthwhile assets.

Can I interest you in pre-ordering this used office chair?

Andy wrote:

yourfavouriteuncle wrote:

Yeah, that’s what I thought with game.  They appear pretty worthless as a company so I don’t get the shouts of asset stripping tbh

Have you ever had parents or elderly neighbours hand you a pile of junk, suggesting that it might be worth something if you can be bothered to sort it all out and sell it? It rarely seems worth the effort. But if you already ran a business selling stuff on eBay, Gumtree, and Amazon Marketplace, then you’ve already got the means in place to process it all.

They might be shit as a company, but there’s a bunch of stuff to sell and recoup the costs.

Yeah but that tat, well, the just aren’t assets are they? They’re stock/inventory. Big difference.

yourfavouriteuncle wrote:

Yeah but that tat, well, the just aren’t assets are they? They’re stock/inventory. Big difference.

I was just drawing a parallel, I didn’t intend to suggest that Ashley is somehow any better placed to sell the stock than anyone else, or that that is what he’s doing. What I wrote was not to be taken literally.

yourfavouriteuncle wrote:

The boxes of tat in this case are games, consoles and plushy toys.

That’s not what I meant, not that it matters.

Christ, what a thought.

Crunch day for Arcadia group.
1000s could lose their jobs today if negotiations with creditors go wrong.

Where is Phil Green, SIR Phil Green.
On his yacht in Italy. He hasn't been in the head office in London in over a year.

This man fucking sickens me. I hope the yanks lock him up.

The ever-great Aditya Chakrabortty did a piece on GEC recently.

https://www.theguardian.com/commentisfree/2019/may/08/britain-huawei-general-electric-company-thatcherism

As a matter of national security (which the cons claim to be the only ones who can be trusted) it's really important to have the independent ability to manufacture the arms you would need in a war, so you need a manufacturing industry, you need a steel industry, you need a means of producing energy that cannot be interfered with by a foreign power, and you need to be able to produce the electronic hardware and software components required to operate those weapon systems.

Well done to the Conservatives on ensuring the national security.

Well - looks like Mike Ashley has GAME in the bag.

Not sure of that's a good or bad thing. Depends on his feelings toward gaming I suppose.

I'd just love to be able go to into a high street game shop and feel something - just doesn't do that any more.

Heh. Yep.

GAME is a pretty soulless place now - esp. since they dropped pre-owned games. At least you had a chance of finding something interesting. I would have thought that the margins on those were better than the latest releases? Could be wrong on that I guess - maybe the overheads of testing and grading was something they wanted to avoid.

The Belfast GAME is basically a pre-owned phone and gaming tat clearing house with the last dozen or so Bone and PS4 games on display. 

As much as I dislike CEX I can go in there and not know what I'm going to see - picked up 3 immaculate Saturn games there yesterday. Two were dirt cheap.

Doesn't have to be retro - are pre-owned 360 games considered that now? Even a few demo pods of the 3 consoles - something to differentiate from online.

I think it's important for gaming to have a high street presence. And I think it should be toned down inside - the atmosphere in UK chains is bloody awful and has been for a while. It needs to grow up a bit and take its rightful place reflecting gaming's influence on culture.

Just saying.