Games Workshop Share Discussion Threads

[nod] 02/2/2023 22:21

He's a barrister now.But, recently he did not want me to throw out his old PC games from 20 years ago. LOL. So, he may be back.

[robow] 02/2/2023 17:34

from Citywire
Downing believes Games Workshop is worth waiting for
Patient investors in Games Workshop (GAW) have been rewarded and will continue to be as the fantasy hobby chain monetises its intellectual property, says Downing’s Rosemary Banyard.

The Citywire A-rated manager, who holds the stock in her £48m VT Downing Unique Opportunities fund, flagged its 17-fold revenue increase over the 28 years since floating in 1994 and the £449m it has paid out in dividends.

However, Banyard noted the ‘net share count has only risen by 13% in 28 years’, it has not made an acquisition in 20 years and is not planning any buybacks or acquisitions.

‘Shareholders can reasonably expect a lot more dividends in future and it is worth noting that the most recent dividend declaration at 130p per share is more than the entire 115p original listing price of the shares, and that in recent years the company has made five dividend declarations per year,’ she said.

Its recent success has ‘reflected greater monetisation of the group’s intellectual property and the success of one-man stores under a dynamic new – albeit home-grown – chief executive.’

‘The greatest rewards to shareholders so far have also come in the past five years, highlighting that patience has been advisable to maximise returns,’ Banyard said.

Shares in Games Workshop rose 0.2%, or 15p, to £93.95 on Wednesday.

[robbiereliable] 02/2/2023 12:55

It's back and looks like it's free! Tell your lad, when he's finished any exams that is!

[robbiereliable] 02/2/2023 12:55

Yeah EA bought the rights then gave up because WOTLK destroyed it. I was a WoW player to be fair but was a High Elf miniature collector and love the Total War series!

[nod] 01/2/2023 23:56

https://youtu.be/zmanivwgkwAReturn of Reckoning video.

[nod] 01/2/2023 23:55

My son and his mates played Age of Reckoning a lot. Damn shame the MMORPR was closed during the GFC. Was it Electronic Arts who owned it?

[smcni1968] 01/2/2023 23:38

It's pretty good fun, I used to play it a lot years ago

[robbiereliable] 01/2/2023 12:42

Another non-beneficial but interesting GAW thing. A group of Warhammer Online fans have recently opened another European server and have a "Return of Reckoning" website. I might give it a try when my shares are doing nothing!

[cockerhoop] 31/1/2023 12:52

D&D is owned by Wizards of the Coast (a Hasbro subsidiary) so no direct benefit to GAW. Possible it raises the profile of fantasy models generally.

[robbiereliable] 31/1/2023 12:43

I am obviously yes. I thought GAW had part ownership or rights to D&D materials. So if the movie is a success, so will GAW sales of D&D products

[cockerhoop] 31/1/2023 12:25

Robbie,

I think you may be getting confused between Warhammer and Dungeons & Dragons?

[jockthescot75] 27/1/2023 20:19

Anyone listen to this today? Was very positive.
hTTps://www.bbc.co.uk/programmes/m001h6kd

[robbiereliable] 27/1/2023 15:32

This is all a good schooling for me :D

[stepone68] 27/1/2023 13:26

Thanks Carcosa, I still find it all a bit confusing, but my view is that when a trade happens the shares change hands, so there must be both a buyer and a seller, even if one of them happens to be a market maker. But I must admit that I thought 99% of trades these days were through SETS and therefore skipped the MM stage.

And I think it's misguided to think of trades in this way, as though lots of 'buys' might be a good thing! My view ia that it's pointless totting up 'buys' and 'sells' - all you need to do it look at the price. If it's been going up then demand is outstripping supply ... although there's no guarantee that will continue :-)

Thanks,
StepOne

[carcosa] 27/1/2023 07:02

"Aren't all trades both a buy and a sell"

Depends what you mean and which market you are dealing with.

If you mean a sale and a buy between investors on a market maker share then the answer is 'no'

The market maker job is to facilitate trading and they do that by holding shares on their books aka 'inventory'. Within the market makers world they have compliance limitations on how much or how little shares they are holding at any one time. When this gets toward those limits then that is often when you hear retail investors whining about 'tree shakes' and the like.

LSE SETSqx that also have market makers (not all do) also have periodic electronic auction book, with standalone non-electronic quote-driven market making. Market makers are not obliged to trade during these periods and so most trades are accomplished between individuals which is why you sometimes see the final trade of the day being a "UT" trade which may be several percent higher or lower than the final trade with a market maker and hence should be entirely ignored. These final UT trades are a wrap up of two or more investor trades and hence when a large number of shares are reported it is in fact an amalgamation of numerous investors wrapped up in a total number of shares traded.

[nod] 26/1/2023 22:40

Here is the Edison Summary is you missed it:

Games Workshop Group’s (GAW’s) record H123 results included strong revenue recovery in Retail as COVID-19 restrictions eased, foreign exchange gains, offset by some negative effects, specifically from Russia and China, and flat sales in the key North American market. The lower reported profit reflects the well-known external cost pressures and investment to support future revenue growth, partially offset by good cost control. Our profit estimates are unchanged but we increase our dividend estimate. The recent strong share price performance takes the prospective FY23e multiple (23.9x).

[stepone68] 26/1/2023 16:15

Aren't all trades both a buy and a sell?

[cockerhoop] 25/1/2023 21:51

If you're referring to the 27,878 uncrossing trade it'll be both as it's a matched trade in the end of day auction.

[robbiereliable] 25/1/2023 16:41

Is that a big buy or sell at the end?

[nod] 23/1/2023 21:08

US markets positive.

[kennewil] 19/1/2023 17:12

All divi hunters left the room

[cambst] 18/1/2023 12:15

Generous dividend goes ex tomorrow.

[nod] 15/1/2023 05:14

Good advice by SWS and Yahoo Finance: "Calculating the last year's worth of payments shows that Games Workshop Group has a trailing yield of 1.8% on the current share price of £94.25. If you buy this business for its dividend, you should have an idea of whether Games Workshop Group's dividend is reliable and sustainable."

[nod] 12/1/2023 23:24

Thanks, Edison is always a good read. I've downloaded the pdf to my iPad to read over the weekend.

[robinnicolson] 12/1/2023 13:55

Edison note on the interim results:

hTTps://www.edisongroup.com/publication/core-revenue-growth-offsets-licensing-decline/31854/