Games Workshop Share Discussion Threads

[nod] 17/2/2020 01:09

It looks like the Renishaw Case Study may be dated 1 June 2005

[robinnicolson] 16/2/2020 22:32

Pointed out on Twitter that the Renishaw document might be quite old, even though it is still available on their website. I checked the document metadata but no clue when it was created.

[nod] 16/2/2020 21:32

Video gaming has in the past been seen as the death knell for GW. It's a sector that also has a huge technology moat and competes for our customer dollars. 2020 is expected to see the launch of Star Citizen. I don't know anything about today's video games so I'm not in a position to give an opinion.https://en.m.wikipedia.org/wiki/List_of_most_expensive_video_games_to_develop

[robinnicolson] 16/2/2020 19:58

A technology moat.

[nod] 16/2/2020 19:54

It reminds me of discussions on this board with bears who were ringing the death knell for GAW. They saw Chinese counterfeits and 3D printers, both churning out replicas.

[nod] 16/2/2020 19:45

From Concorde parts to Warhammer parts. It explains why it's so difficult these days to make counterfeit Warhammer products.

[cockerhoop] 16/2/2020 19:36

Good find Robin, fascinating read.

[robinnicolson] 16/2/2020 19:05

Stumbled across this. Games Workshop use scanning equipment manufactured by Renishaw (another high quality UK business). hTTps://resources.renishaw.com/en/details/games-workshop-renishaw-precision-meets-the-challenge--9654

[dplewis1] 15/2/2020 21:04

Be warned - entropick is a spam account do not click the link.

[entropick] 15/2/2020 20:56

The rise of fantasy tabletop games – a pastime at once collective and insular – has created tremendous commercial opportunities, a point not lost on shareholders in Games Workshop (GAW). HTTP://twitter.com/entropick/status/1228784957168005120

[nod] 14/2/2020 20:23

Thinking about the directors' modest share sales over the past three years, the only thing I would conclude is that they didn't expect revenues to be this good. If they expected GAW to be where we are today, the directors would surely have waited for a year and doubled their money.To their credit, the company was prepared for the unexpected and had both the capacity and the capability to significantly increase sales as demand grew. There were some stock shortages at times, but that's not necessarily a bad thing.

[velocytongo] 14/2/2020 20:05

Tom Kirby sold at &30 something

[zzvqry] 14/2/2020 19:03

Take note of director purchases. Director sales could be for a multitude of reasons.

[nod] 14/2/2020 18:55

Director sales over the past three years have been very poor indicators. In fact, you would have been a mug to follow them.

[hawaly] 14/2/2020 18:43

Spoils of war for Games Workshop? Boardroom trio offload £1.3m in shares after five years of sales success https://on.ft.com/37qX9qF

[nod] 14/2/2020 18:30

Directors and employees can participate in the Sharesave scheme, where they save a monthly amount and have the option to use their savings to buy shares at a modest 20% discount. Previous director sales have never been an indicator of the future share price. In 2018, Kevin sold half his shareholding to buy a house. He could have bought two houses today.An extract from the last Annual Report:"The options above were granted under the Games Workshop Group PLC 2015 Sharesave Scheme which grants options at a 20% discount on the market price at grant. Participants save a fixed amount monthly for three years in order to fund the exercise of the option. At exercise an individual may choose to exercise their option or have their savings repaid to them. This scheme is open to all eligible employees and directors who satisfy a service qualification of at least three months. There are no performance targets associated with these options."

[tomg23] 14/2/2020 18:21

Do they need to explain to you why they sold? Its co.ing to tax year end and they have an opportunity to raise some cash. Should they take the shares to their grave?

[robinnicolson] 14/2/2020 17:40

Phil Oakley of IC writes (and talks) about the GW directors' recent share dealings in his latest column and podcast titled... "skin in the game". It may explain the share price weakness this afternoon.

[shanklin] 14/2/2020 17:14

Yes, the options to date have been very modest in the order of things. Think people who have sold on the basis of the director sales have completely lost the plot.... ...as I may have done earlier in the week when I sold VLX near the bottom.

[1vrod] 14/2/2020 17:08

Taken from last year's R & A page36 Share options Share options granted to the directors under the sharesave scheme were as follows: At 3 June 2018 Exercised Granted Number as at 2 June 2019 Exercise dates Commencement Expiry Exercise price K D Rountree 1,376 - - 1,376 Nov 20 Apr 21 1307.74p R F Tongue 1,376 - - 1,376 Nov 20 Apr 21 1307.74p The options above were granted under the Games Workshop Group PLC 2015 Sharesave Scheme which grants options at a 20% discount on the market price at grant. Participants save a fixed amount monthly for three years in order to fund the exercise of the option. At exercise an individual may choose to exercise their option or have their savings repaid to them. This scheme is open to all eligible employees and directors who satisfy a service qualification of at least three months. There are no performance targets associated with these options. There were no movements in directors’ interests in shares of the Company between 2 June 2019 and the date of this report. No other directors have been granted share options in the shares of the Company.

[bisho4] 14/2/2020 15:31

It would be nice to have a little clarification, because on paper it doesn't instill confidence, but the CEO at least seems a decent chap and so I think that the directors have sold while there is still upside to the company. This way, the next forecast will (likely) boost the share price and the directors won't have sold "at the top". I hope :)

[shanklin] 14/2/2020 15:03

A great deal of rubbish being written about the director share sales. Most management teams have more skin in the game because they have greedily given themselves gazillions of zero cost options with low thresholds for issuance. The critics should be praising GAW directors for not screwing over other shareholders by diluting away the upside, rather than panning them for not having enough shares. Simply pathetic.

[robinnicolson] 14/2/2020 09:51

Interesting to note that Value Investor Insight is a US investment publication. I've no idea how many subscribers it has but it should help broaden awareness of the company to potential retail investors in the US.

[cockerhoop] 14/2/2020 09:32

Not sure I see evidence of migration from trade to retail and online that KAL alludes to. In fact the opposite.