RSS 7:56pm EDT Mon 13th Oct 2008 771 online (149 members & 622 guests) PSU.com: News - PS3-Konami shares see biggest drop in nearly four years
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Konami shares see biggest drop in nearly four years

Posted on November 2nd, 2007 at 07:37 EDT

News of Metal Gear Solid 4’s delay has resulted in Konami Digital Entertainment’s shares witness the largest decline in almost four years, with the company recording a drop of 6.8 per cent on the Tokyo Stock Exchange yesterday morning.

This puts shares of the Japanese software giant at its lowest since December 8, 2003.

“Investors were active sellers today because of disappointment over the delay”, said Hirotoshi Murakami, analyst for Mitsubishi UFJ in a telephone interview with Bloomberg.

“It may be the company's strategy to boost earnings next fiscal year with the game software.''

Konami announced yesterday that the PlayStation 3-exclusive title would now be released in the second quarter of 2008, having previously been scheduled for release this winter.

Source: Bloomberg

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What are your thoughts?
posted 7:44am EDT - November 2nd, 2007
1

Can a delay really have such an impact?! O.O

posted 7:48am EDT - November 2nd, 2007
2
when the game is as MGS it can do
posted 7:58am EDT - November 2nd, 2007
3

Sure - If the game ships 2nd Quarter the profits miss Konami's financial year.

 

Shareholders who have in effect have lent Konami their money will rightfuly expect dividend payment come June. With MGS shipping late, the company gets all the cost but no pay. This means retired people waiting on their dividend checks wont be happy going hungry for a whole year - hence its better to cut losses now and  move the money to an investment that pays its way.

posted 9:20am EDT - November 2nd, 2007
4

MGS 4 is probably the biggest game EVER.And it being delayed really is sad for me as a future ps3 owner.

posted 9:40am EDT - November 2nd, 2007
5

psn id: gingo... but when MGS4 gets released they will have some of the highest shares ever in their history, well thats my prediction anyway

posted 10:20am EDT - November 2nd, 2007
6

Hmmm....I wonder if I can buy some Konami shares, since its so low now? I am sure it wil sky rocket again once the game is released....or atleast I hope so.

posted 10:52am EDT - November 2nd, 2007
7

Don't know if you guys realise the full impact of this news!!! Quarter 2 of a fiscal year are the months July-Sept!!! It makes sense for Konami b/c a Sept release would give them momentum going into the next holiday... but this SUCKS for gamers. That's almost another year wait!!!

posted 11:19am EDT - November 2nd, 2007
8

This is unacceptable

posted 11:48am EDT - November 2nd, 2007
9

the mds4 would be the greatest game ever so it dosent matter any delay.

posted 1:03pm EDT - November 2nd, 2007
10

Having a delay does wane a lot on investors mind, thats a given. Whether or not Konami and address this in order to recoup that loss through DLC later on in the year will yet be shown.

posted 1:46pm EDT - November 2nd, 2007
11

Impacts are weird to me. Does anyone remember when before the PS3 came out and it was having "Overheating problems and malfunctions"? Sony's stock went down big time because of that.

posted 3:09pm EDT - November 2nd, 2007
12

Could this mean Mulit-Platform?  Hmmm

posted 3:53pm EDT - November 2nd, 2007
13

no it couldnt sony wouldnt let that happen dumb butt... they said it infront of every 1 it was exclusive ppl would hate um for lieing!!!! any way they probly signed a contract

so yeah w.e not big news

posted 3:53pm EDT - November 2nd, 2007
14
*shoots fyaman in the face*
posted 4:41pm EDT - November 2nd, 2007
15

I hate Konami... i dont know why but i dont like them.. Good for them! Thats for giving ps3 users a delay!

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