Games Workshop Share Discussion Threads

[shanklin] 04/11/2019 07:39

Given we have not had the early-to-mid October TS of recent years, perhaps due to its misinterpretation last year and the fact that it seems fairly superfluous given the mid-September updates...

...is the H1 TS in early December the next one to look out for?

[cockerhoop] 24/10/2019 10:09

Agree £500m within 5 years would be extremely punchy but the executive management have ambitious plans. The infrastructure investment isn't just building capacity (trebling in size of the new DC for example) but also the more than doubling of PIM machines which only have a 3-6m lead in time (ie could be added much more incrementally)

[nod] 24/10/2019 09:52

Equally, it would be optimistic to expect to reach 500m turnover within five years.
Capacity is a maximum not a near-term expectation.

[cockerhoop] 24/10/2019 09:41

For a company providing ultra conservative guidance to it's brokers I'd suggest the PEG ratio is also inappropriate valuation metric.

There is a clear anomaly between the current investment in infrastructure (to create capacity for £500m revenue) and the brokers suggested revenue runway.

[nod] 24/10/2019 09:23

P/E ratio has limitations because it doesn't factor in projected growth.PEG attempts to do this by including growth. A PEG value below 1 suggests a company is undervalued. The lower the PEG the better value, in theory. Over 1 can be a warning. GAW currently has a PEG of 1.87 which would indicate it's expensive on current growth forecasts (with only one broker, that means Peel Hunt's forecast). In May 2017 our PEG was 0.08 and the share price 1000p - the UK market was depressed after Brexit. A good point to buy.At today's valuation, Mr Market doesn't believe Peel Hunt's forecast earnings growth. For an overview of PEG read this:https://www.investopedia.com/ask/answers/012715/what-considered-good-peg-price-earnings-growth-ratio.aspA reliable place to look for up to date PER and PEG is below. Yesterday, I saw a PEG of over 6 for GAW, which made me check the Stock Exchange. As Abe Lincoln once said, "don't believe everything you read on the Internet"https://www.londonstockexchange.com/exchange/prices/stocks/summary/fundamentals.html?fourWayKey=GB0003718474GBGBXSTMM

[scooper72] 23/10/2019 09:21

That ? mark was not meant to be there.

[scooper72] 23/10/2019 09:20

Thanks Nod. Useful info?

[nod] 22/10/2019 23:13

scooper, our historic PER is 21.84. There are plenty of growth companies with a PER over 30.The PER is rich and GAW will need to show good earnings growth to avoid the market bears. With our high operational gearing, future revenue growth should convert to increased margins and profits. That hasn't worked out as well as expected in recent times, as we have been investing heavily, so earnings growth hasn't been as stellar as it could have been. However, that may change in the next results.Looking further ahead, the new media contracts have huge potential to increase product sales for a few years.

[scooper72] 22/10/2019 13:09

That was the one. Thanks Shanklin. Yep, was a pretty superficial article, just always interested to know other investors thoughts.

[shanklin] 22/10/2019 12:49

This is the article...

warns

Looks like total BS to me

[scooper72] 22/10/2019 12:43

There was an article in the Times or S Times about some broker assessing a bunch of UK PLCs that are on too high a rating and it included GAW in their. Have decided not to sell as only have a relatively small holding in my ISA and SIPP. Would rather just keep what I have and buy more if there is more of a pull back.

[nod] 21/10/2019 04:24

I may be having a senior moment. The ADVFN chart shows it was around 30 a year ago. It oscillated above and below 30 until April. It took off after Blackrock purchase and Trading Update in April.

[cockerhoop] 20/10/2019 08:51

Nod,The share price is though only up approx 12% (excluding dividends) over the last 12 months after the (unjustified?) weakness late last year on concerns regarding Tom Kirby's placing, KR's house purchase share sale and the frankly daft investor misinterpretation of the October trading update.Only seemed to recover in late March when the ambitious expansion plans were spelt out to Institutions during a Peel Hunt organised visit to Nottingham.Looking forward there appears to be genuine excitement building towards the widely anticipated Sisters of Battle release on Black Friday (2 week pre-order, midnight opening on release date).

[nod] 20/10/2019 02:46

If anyone had said 12 months ago that the share price will go up 50% in 2019 I would have said they were mad. But here we are. The share price ups and downs are normal for a company trading very well. There is nothing to worry about at the moment.

[nod] 17/10/2019 10:28

And Donald Fukwit's incessant tweets. The Middle East has a lot of sand. Smart man. That's why he's President.

[daijavu] 17/10/2019 08:19

Thanks push n run

That's exactly as I understand the situation. Regarding GAW it's all down to market sentiment, not mms

[push n run] 16/10/2019 18:48

daijavu, it's entirely made up. People like to search for other people to blame for their bad investment decisions. Regarding GAW, we're trading at a perfectly reasonable multiple, and the daily swings are due to Brexit talks & trade war news.

[daijavu] 16/10/2019 00:41

I've read more allegations of the criminal manipulation of share prices of companies by mms than I've had hot dinners yet no one seems to do anything about it. I'd have thought that at least the big beasts in the markets would have taken action because they stand to lose far more than us tiddlers.

So what gives? Does it happen or is it all just in the imaginations of amateurs?

[luderitz] 15/10/2019 19:04

Never underestimate the MMs.

[shanklin] 15/10/2019 10:18

Thankfully GAW seems to be performing fine even if the share price is not so cheery.

[daijavu] 15/10/2019 09:31

Some people seem to have thought so. It is why the markets went up on Friday. The GAW share price along with them.

Then dropped yesterday and this morning after the EU told us they weren't.

Nothing to do with market makers

[luderitz] 14/10/2019 12:43

If so did anyone actually think they were going anywhere.

[daijavu] 14/10/2019 12:28

It is the Brexit effect. Today it is about the feeling that the Brexit talks are not going anywhere.

[luderitz] 14/10/2019 12:19

Market makers "at it" no doubt.

[prettygreen] 14/10/2019 12:04

A little volatile of late ??