Games Workshop Share Discussion Threads

[epo001] 14/8/2020 10:24

There are specialist comic sellers who might have listings and, of course, ebay.

On ebay white dwarf magazine from 1983 is currently about £8.50, buy it now incl postage.

The trio of demand, scarcity and condition all apply. They are probably scarce but is there demand? If there is, condition determines price.

[shanklin] 12/8/2020 14:43

Asking for a friend.... ...any idea please if there would be much interest in second GAW magazines from the 1990s or are they ten a penny. If of any value, where should they try and sell them please?

[nod] 10/8/2020 05:58

Robin, interesting article.
The photo reminds me that the only hobby better for social distancing is sword fighting.

[robinnicolson] 07/8/2020 19:03

Article by Richard Beddard over at interactive investor:



(not spam)

[nod] 07/8/2020 01:37

I predict that the Marvel Comics series will bring thousands of new recruits into the Warhammer hobby. I witnessed this in the early days of our LOTR franchise. The LOTR magazine was widely distributed at newsagents and many youngsters became interested in the hobby for the first time.

[hawaly] 06/8/2020 16:21

Buffett junior has posted a genuine article.....

Here but behind a paywall:



GLA 😎

PS. Here's one free share - if you're quick.....

[buffettjnr] 06/8/2020 15:16

Definitely not epo

[epo001] 06/8/2020 14:40

That will be spam, another clown to filter.

[buffettjnr] 06/8/2020 14:08

Great FT article on an earlier GAW investor

hxxps://t.co/z6TXUEa3je

[cockerhoop] 06/8/2020 13:53

A couple of recent examples of just how conservative GAW guide:

1. 28th April - GAW guide YE 31st May PBT not less than £70m, 33 days later PBT actually £89.4m. Did May really surprise to the upside by nearly £20m pbt!!!!!

2. 14th Jan Edison estimate £2.9m royalties in H2, actual figure £6.1m.

Obviously nobody knows exactly what the future holds but in the last 3-4 years giving any credence to PH or Edison has been a fools errand.

[nod] 06/8/2020 13:22

This October, Marvel Comics will launch a new Warhammer 40K comic book series by Kieron Gillen and Jacen Burrows in association with Games Workshop, bringing readers to the world of the long-running tabletop gaming franchise.

Kieron Gillen explains why the comic book series will focus primarily on the Ultramarines and the Imperium.

[nod] 06/8/2020 13:18

Remember, Edison are paid by GAW.
GAW has been conservative in its forecasts.

[thewheeliedealer] 05/8/2020 21:17

Hi all,

A few weeks ago my mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Session as a ‘Live’ bit of the MelloVirtual Conference. This was a ticket-only gig but fortunately we have been allowed to share the Recording of the audio with our Listeners.

Among plenty of other things with an educational bent, part of our discussion includes GAW. Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 28) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD
@wheeliedealer

[1rcl] 05/8/2020 10:26

Looking back at some past Edison estimates for comparison. In April 2019, Edison estimated EPS for the year just completed as 182.1p.

As we now know, GAW actually posted 218.7p – but that was with a factory/warehouse shutdown. Without the factory shutdown, which would have been the basis of Edison’s prediction, the earnings would have been in the range 250-300p, vs Edison’s prediction of 182.1p.

So while Edison may have a track record of over-predicting for other companies, that is not the case with their GAW reports.

I agree with others that Edison follow Peel Hunt's extremely conservative approach when estimating GAW's future, increasing the likelihood of very significant outperformance.

[steeplejack] 05/8/2020 09:58

This is a company that likes to beat expectations and I'm sure they would have nudged Edison to relatively conservative estimates.Highly rated yes but in a world of uncertainty,this company looks to have a very positive future.

[stepone68] 05/8/2020 09:23

Edison are not know for down-playing prospects. Normally it's the reverse.

[shanklin] 05/8/2020 07:38

I think we can take it that Edison are presenting a worst case scenario based on information provided by GAW... ...similar to the situation with PH updates.

[recut more] 04/8/2020 18:41

How many times have they been wrong?

[stepone68] 04/8/2020 17:04

I've got to say that some of those multiples are worrying...

[sogoesit] 04/8/2020 17:00

Not a very optimistic analysis from Edison, imv.
Let's hope, in the usual vein, they are wrong.

[robinnicolson] 03/8/2020 11:36

Continuing the previous discussion on multi-baggers, Games Workshop has given patient (!) long-term shareholders a 7,640% total return since 2/1/1995 (the limit of the SharePad share price data). It is second in the FTSE All-Share rankings, top place going to Goodwin PLC with a 9,210% TR.

Over the same c.25 year period, Apple Inc. has a total return of 31,700%. They have just announced the fifth share split in their history, to "appeal to a broader base of investors". Thoughts on a possible future share split for Games Workshop when it breaches 100 quid? Perhaps not...splits do not seem to be as common as they once were. There are many examples of stocks with high per share prices...most famously, Berkshire Hathaway 'A' shares at $293,500 each.

[nod] 03/8/2020 04:58

The Gamer view:
"Games Workshop rose like a phoenix from the market carnage with record-breaking sales: the uncontested emperor of the tabletop miniatures industry. Games Workshop Group chainsawed competitors like Privateer Press and Corvus Belli as their annual report 2020 dropped a codex worth of financial statements."

[robinnicolson] 02/8/2020 12:42

Tipped in the Daily Mail:

[robinnicolson] 01/8/2020 17:57

A detailed valuation of Games Workshop by 'Mr Moat':