Games Workshop Share Discussion Threads

[woozle1] 16/7/2019 13:59

dragonfly, you've clearly not owned these shares long as we've had plenty of corrections like these over the years .. a year ago the shares went from £38 to £28 .. w1

[wildshot] 16/7/2019 13:43

dragonfly63, you say that you've never seen this downtrend before? Please look at the chart of the share price, such as Oct 18 and prior. This is not a significant downtrend and the fall in share price is not based on any news in the public domain. It could just be profit taking and general trading levels.

I've been mainly in this share for many years and this fall is nothing significant or anything to worry about. If you like the share and think it is fairly valued with good prospects then I wouldn't let this short term downtrend be a concern. If you are reluctant maybe wait for it to turn and trade up for 2-3 days in a row.

A lot of my biggest winners, including GAW have fallen over the last week or two, it is just noise.

[dragonfly63] 16/7/2019 11:25

Hello - I am very new here (but very happy to have found this forum), and just found this discussion thread by chance as i was trying to find out why the GAW shares are dropping. Would anyone know? I am a great fan and owner of GAW shares, and have never seen this downward turn before. Would you think this is time to sell, hold, or even buy some more in view of the lower than normal price? I understand the full-year earnings will be released on 29 July? Many thanks for any tips and advice! x

[nod] 15/7/2019 08:43

Yes, I read that interesting article. It's all a part of the "perfect storm" assisting the growth of Warhammer sales. It's interesting that this is an older group influenced by similar factors.

[nod] 15/7/2019 06:42

Blood Bowl: Death Zone is released this week (17th).
Blood Bowl has been a popular game, especially in the USA.
The early-release has been getting a lot of good reviews in the gaming media.

[daijavu] 11/7/2019 23:38

A no deal Brexit will depress the whole UK stockmarket. Every share will drop regardless how good individual companies are. The question is how far and for how long. I believe we are already experiencing the Brexit effect to some extent. GAW might be one of the companies able to ride the storm best.

[nod] 11/7/2019 23:20

If UK exits with "no deal" there will initially be European tariffs on everything. The focus on future trade deals will be on the critically important stuff that Europe needs from the UK and vice versa. When/if toys become except from tariffs is anybody's guess but unlikely to be high up on the priority list. This scenario may reduce GAWs sales to Europe as its products will be more expensive (maybe 20% more). On the upside for GAW, GBP will fall as currency speculators will bet against GBP. GAW will earn more profit from its USD sales. The exchange rate against EUR may off-set some of the EU tariffs.I would imagine GAW will be stocking up in Europe, so supply can meet EU demand.

[daijavu] 11/7/2019 13:53

Perhaps Boris is positioning himself so that all the 'blame' for us not leaving will fall on someone else's shoulders.

That way, Brexiters can blame everyone but him for not getting what they want and the rest of us can all breathe a sigh of relief.

[xajorkith] 11/7/2019 13:25

Boris has stated he will definitely take us out of the EU on 31/10, but I have my doubts & believe Parliament will find a way to block it (2nd referendum?).

I think the EU believe this too & are unlikely to alter the existing "deal", other than maybe a token gesture as we approach October's deadline.

Given Mr Bs stance & likely victory, the markets (currently) seem quite ambivalent to a potential "no deal" scenario, suggesting they too see it as unlikely.

[daijavu] 11/7/2019 12:12

I doubt if it will be fixed. Our politicians are so far gone that they have not only lost their marbles, most of them seem to have forgotten what their marbles looked like. I think that the UK economy and stockmarket are in for a clobbering and so could other stockmarkets.

As far as the UK goes it might be that UK companies with a global reach will escape the worst. Hopefully, GAW will be one of them.

[nod] 10/7/2019 10:30

We've had a good three months. Two good trading statements and the GBP has weakened over the three months by between 4% and 5% against the key currencies of EUR and USD. That currency gain goes straight to the profit line as GAW does not hedge.From my armchair on the other side of the world, UK looks to be in crisis due to Brexit (no surprise there). There is so much infighting within every party as each party is divided on this crucial topic. Except the Brexit Party - but it will never hold 51% of MP votes.Will this be fixed by October?

[robinnicolson] 09/7/2019 21:05

Sadly long gone. 180 editions of 'Analyst' were published between January 1990 and August 2005. It was succeeded by 'Outstanding Companies Digest' (OCD), which later became 'Outstanding Companies Research'. The latter ceased publishing about a decade ago.

[woozle1] 09/7/2019 14:13

robin .. what became of Analyst? and what's called now .. w1
w1

[nod] 07/7/2019 09:14

A little mention in The Mail today (This is Money)

SCHRODER UK MID CAP: Trust that finds growth from the 'Heineken index'
By JEFF PRESTRIDGE FOR THE MAIL ON SUNDAY
PUBLISHED: 07:31 AEST, 7 July 2019

Recent new holdings include war games retailer Games Workshop, a company she likes because of its strong market positions in both the UK and Europe.

[nod] 07/7/2019 05:15

The Analyst was correct about the prospects of global expansion. At that stage they were expanding into Europe.In 97/98 GAW was reaching a high point in its cycle, touching 800 in early 1998 and then sliding back down to 100 by 2000.

[robinnicolson] 06/7/2019 16:33

Nod, I too subscribed to 'Analyst' (and its later iterations) from 1996-2007...an excellent publication. Their writing introduced me to several businesses that I still hold today...GAW, HL, ROR, RWS, VCT.
I digitally scanned most of their general investment articles (which are timeless) and also several stock specific ones. I just had a glance at the earliest 'Analyst' article I have on Games Workshop, dated February 1997. The share price then was £6.26 and it was on a forward P/E of 26.7. The analyst wrote:

"Games Workshop is an unlikely success story but one which keeps on growing...the company has what all good growth retailers possess, a strongly branded formula and an attractive concept capable of being replicated across a wide geographical area."

Despite a hiccup or two, management have been basically executing the same business plan over the intervening twenty two years, the biggest change being the online presence.

[nod] 06/7/2019 06:01

Robin, very interesting interview. I haven't watched all through the two videos yet - I need to find a spare hour or two as I keep rewinding on key points and names he refers to. I used to read his newsletter "Analyst" for a few years in the 90's while living in the UK. Keith prefers the buy and hold approach rather taking profits off the table and trying to time a re-entry point. Such trading is time-consuming and risky. Spend that time searching out top notch companies with an economic moat around them. Then, buy and hold but watch out for any signals that the moat is failing.

[nod] 06/7/2019 05:33

Chicago Press

Still angry about the last season of Game of Thrones and looking for a new fantasy world to lose yourself in? You need not wait for the next big HBO or Amazon show. There is a community near you, ready to join you in battle.

Warhammer is a series of tabletop battle games owned by British company Games Workshop. Players meet in the real world with real miniatures they paint and assemble themselves.

The hobby’s longevity in the digital age is remarkable, but what is more unique is the community that exists around Warhammer, and its rare and varied appeal.

[robinnicolson] 05/7/2019 20:46

I recommend these two entertaining videos on the 'piworld' website, in which Tamzin Freeman interviews Keith Ashworth-Lord of the Sanford DeLand UK Buffettology Fund. His investment in Games Workshop is briefly discussed at the 15 minutes point in part two.

[flatoutfred] 05/7/2019 08:58

Must be getting near Divi time ??

[nod] 04/7/2019 06:24

The long arm of Brexit is reaching all corners of British industry.

France makes a post-Brexit grab for UK's game developers
French government promises tax breaks and subsidies for companies who relocate

[nod] 03/7/2019 22:22

Every seven years or so, a new generation of teenagers around the world get to see the LOTR trilogy for the first time. We now also have The Hobbit trilogy to immerse them further. These movies will all be shown again ahead of the new Amazon series. I'm sure this will attract a new generation of young kids to the Warhammer Universe.

[nod] 02/7/2019 13:42

The Hobbiton Movie Set near Matamata (in Middle Earth) has a steady stream of overseas visitors. I've had a pint or two the Green Dragon Inn.
Queenstown gets a lot of LOTR tourists. The talk today is a new production studio for the Amazon series to be in Queenstown to reduce travel to Wellington (Weta) and Auckland.
The New Zealand government competes with other countries to win the film-makers by offering significant financial incentives. NZ has movie moguls batting for them, such as James Cameron (Avatar) who bought a huge ranch here and our own Sir Peter Jackson and his Weta companions. No doubt Jeff Bezos will fall in love with NZ too.

[nod] 02/7/2019 13:15

CH, true there's no guarantee. Licences are limited to make them attractive to the big manufacturers. I would imagine some of the same licensees will be in the frame next time.