 akhilsoni86
Thanks for your reply.
You missed my point about "mark to market bonuses" - I was not referring to the directors or staff , but instead to those institutional investors. Just googled the major shareholders as at 31/8 about 35% declared as interest over 3% and Baillie Gifford top of that list with 10.35%.
They are the likely beneficiaries of any move up to the FTSE 100
And yes my comment allows for the boost to the share price for getting into the FTSE being potentially transitory, but the city spivs will not care if they get part of an end of year bonus linked to GW. If it goes down next year or drops out of the FTSE well a bird in the hand and all that.
As for the CEO why did they make this announcement a week or 2 early ?
As I said I fully endorse looking after a business and letting the share price look after itself. I abhor most company share buybacks as most of the justification is about managing the share price instead of investing in growing a business. But this snippet of info is not that. It cost nothing. It was going to be released soon enough anyway and unless someone comes up with a definitive reason otherwise I still hold the FTSE reshuffle as a plausible incentive to go early. |
hxxps://www.stockchallenge.co.uk/ftse.php
Not sure if above link will work. If not, just google FTSE rankings. List just updated with GW at 85. |
The UK’s blue-chip share index could be about to be invaded by Space Marines, Weirdboyz and Chaos Knights.
Games Workshop, the UK maker of miniature wargames, is on track to be promoted to the FTSE 100 when the next quarterly reshuffle is calculated later this week, taking its place among the 100 most valuable companies listed in London.
The company is valued at £4.6bn – enough to merit a place in the FTSE, on current prices – nearly 50 years after it was founded in London.
The continued success of its science-fiction fantasy miniature war franchise, Warhammer, lucrative new licencing deals, and a pick-up of interest during the Covid-19 lockdowns, have helped Games Workshop beat forecasts for revenue and profits in recent years, pushing its value steadily higher.
... |
Current share price moves GW to about the 86th largest market cap in the FTSE (and I sense the market is now pricing in full entry to the FTSE 100 index).
FTSE changes are announced this Wed (after close of business on 4th) based on closing prices tomorrow with new entrants trading in the different index from Dec 23rd. |
i first bought these in 2008 at 135p now its over 100 bagged
it is the best long term share ever |
“especially small ones”… LOL |
Through 14k ... who'd have thought |
Kirkie - thank you for explaining as I never knew that… baffling… and more than confusing but I now understand.
NB I just exchanged messages about this with a friend who runs Research globally at a major Fund Manager. She replied: “ Presumably these guys have a March-June YE - that’s pretty common for UK companies, especially small ones”. |
RKeck - it's convention: when the year end in question is some time in 2025, then the quarters within that year are referenced with that date - Q1 25, Q2 25, etc etc. |
Thanks Nod. Unless your piece is a prophecy you seem to have the wrong year inserted in many places (gee I would love to read an article from the future). |
22 November 2024Games Workshop Group - A notable acceleration in Q225Games Workshop Group's (GAW's) H125 trading update suggests the company enjoyed a strong Q225 in both its core business (due to the launch of the fourth edition of Age of Sigmar midway through Q125) and licensing (due to the success of the Space Marine 2 video game). These are impressive in the context of the tough comparative from the prior year's launch of the new edition of Warhammer 40K (40K) and the currency headwinds in the early part of H125. We upgrade our profit estimates for FY25 (by 7%) and FY26 (by 3%) to reflect the outperformance versus our prior expectations.EdisonApologies if posted previously - I've not been keeping with posts. |
Steady as she goes. Don't panic. https://www.edisongroup.com/research/steady-as-she-goes-6/33376/ |
What a great start to a post… “I’m learning here” … me too and hopefully all of us.
Advantages of being in FTSE100 a) main one (as you suggest) is all the Funds that buy into the stock …passive/FTSE 100 index linked are obliged but also many actively managed funds b) inclusion can create a large and more stable pool of buyers and holders …kind of underpins the share price to some extent c) not sure how true this is but perhaps more media exposure being considered more “blue chip”. Hold in mind on all of these reasons that the upside may already be priced in by the market so far from a given that share price will rise if it does happen (and perhaps will drop a little if it doesn’t for same reason). |
I'm learning here, so is there any benefit of being in the ftse100 .. and I mean any but share price increase with more trading as some linked funds require |
fenners66
I have been member of ADVFN since 2013 but I never checked the posts in the last 10y until recently. I felt that due to confirmation bias, it would do more harm than good and maybe I should have stayed that way. But anyways, I apologise if I came across as rude. Just few things from my side:
1)As you said "The owners may be looking forward to their mark to market Xmas bonus and may have suggested that the news was released in time to help that happen - they have no qualms about that" - Well, firstly H1 bonus would already have been signed off as H1 results are after all expenses including bonuses are signed off and most importantly, do you think a CEO of a FTSE250 company will make decisions based on what shareholders think? like really? This CEO has the audacity to release a quarter update in one line saying "trading in line with expectations" without giving actual numbers. Which company you think can share an update like that? He is not your usual CEO and he does not care about pleasing shareholders. He has only one aim and that is to keep making best miniatures and selling at a profit, forever, benefiting of course shareholders in the process. In addition, how many times does the CEO reiterate in his annual report about long-term vision. I want to highlight one thing he said in last annual report "My advice is please don’t judge us on quarters. We do not manage the business to that rhythm: we monitor 12 month moving annual trends…i.e. reviewing whether we are heading in the right direction or not." So you think he will care about these ftse100 upgrade? Maybe you think, I don't think that way.
2) You keep talking about promoting to ftse100 as be all and end all. Well firstly, if any company doesn't do well, they are demoted each quarter. So the underlying principle is having a good business strategy and execution. Maybe other CEOs might care about promotions to ftse100 to increase their base salary but knowing Mr Roundtree (from his annual reports), I do not think in million years that he will care about such things.
I'll end by saying that don't kill the hen that lays golden eggs i.e. dont think about making an extra 20% for short-term gimmicks, think about making 20x over coming years but then again I feel not everyone wants to hold their shares till then and that's fine too. |
RKeck, don't bother engaging with the keyboard warriors, just filter them.
There is a noticeable uptick in general grumpiness though, perhaps it is the weather. |
May I respectfully ask that we return to a more amiable exchange of data/views on this great company? Dialogue has become a little more aggressive and likely not helping any of us. We all surely have the same objective… |
fenners66
This isn’t some dodgy aim piece of c£&p.
A GAW CE wouldn’t last 5 minutes pulling stunts like those you describe |
akhilsoni86
Presumably then you can tell me who owns the shares ? Who owns the company?
I have not looked at the share register and don't know if the CEO owns a majority - but I suspect not.
If I am correct , it does not really matter if he does not like writing - the owners will want to see the share price rise and if that comes with FTSE 100 entry all well and good.
To blanket dismiss the possibility their hands were guided - there is a whole Board of Directors running the company not just one - when others (institutions I guess) actually own the company - I'll try not to be rude - is potentially naive.
Of course he wants to get on with running the company and many times I have argued its the job of a CEO to run the company NOT the share price. Run the company properly and the share price will take care of itself.
But the coincidence of releasing this news - not in full and early when they normally release a few days after the FTSE reshuffle cannot be ignored.
The owners may be looking forward to their mark to market Xmas bonus and may have suggested that the news was released in time to help that happen - they have no qualms about that. |
Little old gaw - a ftse 100 company!
Smashing.
Suet |
More speculative nonsense.......the deal with Amazon is agreed, creative guidelines are being worked through, they'll be an RNS on or before the 18th December. |
Timing is everything and more news today after a dip. While they don't want to enter ftse100 at the time that was implied they probably didn't have 2 factories being built and aggressive negotiations with Amazon, I cannot see Amazon being a cosy armchair deal. |
I'm sorry but this early update so as to be included in ftse100 is just cr*p. If you read annual letters, you'll find that the CEO detests writing them as it takes time way from strategy and execution. The last thing on his mind is to be included in ftse100 and add more pages to annual letter. Not to mention, start having quarterly calls etc. like any ftse100 company. Infact, if given a choice, I bet he'd rather stay in ftse250 forever to avoid aforementioned headache. Let's not carried away too much. |
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