Games Workshop Share Discussion Threads

[makw61] 18/1/2022 09:37

Just topped up here. Best value we've seen since the last big dip in Spring 2020.

I do find it strange that on results day there were over 4,600 trades, mostly algorithmic. I would think there may be some short positions here below the disclosure limit and i'm sure there are ways of getting around that need in any case.

All irrelevant to me; value will out and patience will be rewarded here IMO.

GLA

[r2oo] 18/1/2022 09:34

I was thinking that just the other day. GW would be a perfect acquisition for the likes of Disney.They could snap them up with the small change in their back pocket!

[medieval blacksmith] 18/1/2022 09:24

If I was an executive at Disney, GW, or the business model, would be within my mind. Imagine the add on to sales if Marvel characters or Star Wars were to take on similar activities as GW. They already have space at the parks for such things and their retail shops could harbour such activities. Disney are 'missing a trick' here and it is right in front of them.

[r2oo] 18/1/2022 09:22

I was going to top up today but this has fallen through support now. I think it has lower to go as it's being dragged down with the wider market.I have my finger on the trigger though.

[gary hindsight] 18/1/2022 07:29

Thanks for your thoughts nod, I am aware that the buys or sells are a guess based on bid or offer price at the time. This has always struck me as very stupid that every system taking a data feed has to have its own interpretation algorithm rather than the sender of the feed (stock exchange) tell what it is in the interface. That problem would disappear overnight if done but may well be the cause of the confusion / imbalance. However I would disagree for every buyer there is a seller when you look at a quote driven market as opposed to an matched order book. The market makers are as you say, obliged to quote, subject to normal market size(nms) limits. When some one sells to a mm by definition there may not be a buyer at that instant point in time (it's not and matched order market) so they go on the market makers book. They may be aware of buyer interest and can flip stock to them for a quick turn.

[cockerhoop] 18/1/2022 07:25

Currently no short positions in GAW

[nod] 18/1/2022 06:45

An upside-down Disney. For Disney, the films came first and the models, toys and games came later. For GAW, the models and games came first and, hopefully, the films will follow.

[nod] 18/1/2022 04:19

I'm not expert at explaining how markets work but here goes ... firstly, the trades reported by sites like ADVFN are guesses as to whether a trade looked like a buy or a sell. Due to fast changing price, high volume, delayed reporting, the transaction can be guessed incorrectly.Market makers or brokers don't have the objective of increasing the price. They are obliged to ensure that trades can be completed. For every seller there has to be a buyer and vice versa.Short sellers are the opposite of investors. They cleverly work at pushing a price down. They have to buy back what they sold eventually. So, if they started short-selling at 12,000 and took large positions they will make a good profit if they buy these shares back at 8,000.The short-sellers will do hundreds or thousands of transactions in between.I'm sure others on the board can explain this better than I.

[gary hindsight] 17/1/2022 16:02

I am not one for conspiracy theories but share price action does seem odd. In most days before and since the results the buys and sells have been fairly even and on many days buys outweighing sells yet the price drop has been significant. Can't help thinking for that some reason it's being walked down by the market makers. The balance of trades and price changes does not correlate

[alphabeta4] 17/1/2022 15:51

It does seem a bit daft, I have notes that on 21/1/20 the estimate for May 2022 was £2.54 eps and the shares were £70, it's now £3.86 yet the share price is £84. Even on those numbers alone it would be £105 and really the price target should be off the forward eps estimates which are higher still.

All 3 analysts have a buy rating and the average is £131...

[mjc70] 17/1/2022 15:38

Games Workshop Group PLC announces that the Board has today declared a dividend of 65 pence per share, in line with the Company’s policy of distributing truly surplus cash. This will mean dividends declared in the 21/22 year so far will total 165 pence per share (20/21: 140 pence). The dividend of 65 pence per share will be paid on 25 February 2022 for shareholders on the register on 21 January 2022, with an ex-dividend date of 20 January 2022. The last date for elections for the dividend re-investment plan is 4 February 2022.

[hjs] 17/1/2022 15:28

Today NY stock exchange is closed so the share price will drift lower.
I have a feeling that this company will be picked up cheap by the Americans just like they did to Blue Prism.

[epo001] 17/1/2022 14:45

Been pondering whether to clear out VOD or BT for some time. Sold VOD today and added 20% to my holding

[stemis] 17/1/2022 12:11

Isn't the Edison forecast an EPS growth of 4.3% in 2022 and 3.1% in 2023? And they think that supports a 2021 P/E of 36 ?

[sd_anon] 17/1/2022 10:48

Edison increased their DCF to £134

[robinnicolson] 17/1/2022 08:29

Edison Research have maintained their forecasts:

[nod] 17/1/2022 03:22

The Warhammer 40k Imperium magazine will be available in the US and Canada from the 26th of January 2022. The first set looks to cost around $26.80 but then it goes up to $67.80 a month for three issues together.
I believe the magazine has recently become available in Germany and Spain.

[princesa_consuela] 15/1/2022 14:03

my data provider tells me there are 5 price targets on Games Workshop, the mean price is 132 (+65% implied upside) and the median is 129 (+61% implied upside). The company is trading at 22.3x consensus FY ending May 2022 EPS of 382p. This implies a 165p EPS for H2 2022 (+12% YoY from H2 2021, or -23% QoQ from H1 2022). IMHO this is an easy to beat EPS target due to: 1) EU orders disrupted in H2 2021 which are no longer disrupted. 2) US warehouse now upgraded to meet demand and all the releases that had to be delayed from H1 to H2 2022, new injection moulding = increased manufacturing capacity, Total War Warhammer III to be released next month.

[nod] 15/1/2022 04:13

The Financial Times has a piece on GAW with a Buy. Praises record sales during a global pandemic and the regular returns to shareholders.

[nod] 15/1/2022 03:44

There is much speculation around the globe as to where inflation and interest rates may be heading. Not to mention the effects of omicron. This has been unsettling markets.
Shares in well-managed, stable, growth companies have been suffering lately. Halma and Ashtead are other examples.

[ginty the brave] 14/1/2022 11:20

OR rise back to £10 plus

[hjs] 14/1/2022 10:52

This can easily drop to next support level of 8300p.

[princesa_consuela] 14/1/2022 08:26

If you had travelled in time and shown me the graph of what has happened with the share price this week, back to a week ago, without any other information, I would have said there must have been a huge downgrade or miss on earnings.

[cockerhoop] 13/1/2022 11:38

Agree Cambst it's not the main attraction. On Nod's magazine theme I could though see a LOTR Hachette part works being a excellent recruitment tool for the main hobby.

Hopeful that a distribution deal can be agreed quickly for Eisenhorn as nothing moves without that.

I also think the Nexon deal is significant, the largest MIG by some way I'd imagine and they've been incredibly successful in the far east with Dungeon Fighter.