Games Workshop Share Discussion Threads

[nod] 22/9/2022 09:49

USD tailwinds may help us this year. The US is around 45% of our sales and growing.

[nod] 22/9/2022 09:37

12 months ago, when the share price was 12,000 and the yield was 2.2%, the yield was double what most companies were paying, if they were paying anything. Bank term deposits were a fraction of the GAW yield. The yield today is attractive. Profit will need to improve to attract investors.

[fenners66] 22/9/2022 09:17

But a share price of £120 was expecting stratospheric growth - why anyone bids up a basic company that high ever is beyond me.

[nod] 22/9/2022 00:04

Dividend Yield has increased, as has revenue. Yield is 4.45% . PER is around 16. Our profit is being squeezed a little by the increase in costs. As with every company on planet Earth.

[m_kerr] 21/9/2022 22:06

it's an excellent company, but the market's not forgiving of highly priced companies getting their margins squeezed by inflation. i've always been very wary of buying highly priced companies. you have to be absolutely certain the earnings are solid, and won't be squeezed by 20% at the first sign of pressure.

i remember terry smith saying not too long ago 'where else are you going to put your money?' when interest rates are barely above zero. fundsmith ended the year on a free cash flow yield of about 2.7%, which is now below what the risk free rate is in the US.

[buffettjnr] 21/9/2022 11:34

It was ludicrously overvalued. I cannot believe some of the people who overpaid for this very average company. Really bizarre. It’s closer to a fairly stretched fair value now. But not worth owning compared to other bargains around

[porsche1945] 21/9/2022 10:03

Price of this has been absurd for a while, worth 3800.

[epo001] 21/9/2022 10:03

It's been at this level three times this year. I guess we won't see £120 again for a long time but this not a bad or unprofitable company and these results are in line.

This is part of my pension ISA and I have a significant (for me) holding and a long term outlook.

[nod] 21/9/2022 09:39

Core revenue up 8m and profit down 6m.

[nod] 21/9/2022 09:34

Games Workshop Group PLC announces today that trading for the three months to 28 August 2022 was in line with the Board's expectations with core revenue of c.GBP106 million (2021/22: GBP98 million) and licensing revenue of c.GBP3 million (2021/22: GBP5 million). Profit before tax is c.GBP39 million (2021/22: GBP45 million). We remain focussed on sales growth and cost management.The Board has also today declared a dividend of 30 pence per share taking dividends declared in 2022/23 to GBP1.20 per share (2021/22: GBP0.65 per share).

[suetballs] 21/9/2022 09:26

Yep now 50% down since the £120 days - I should have sold all my growth stocks.
But hey ho.
Suet

[jamessmith23] 21/9/2022 09:25

I think the very high PE it had previously was warranted in a market with low interest rates and generally accepted high 20s to 30s PEs for growth companies. In the current environment I think anything with a PE above 20 is likely to get battered if they show any sign of slowing growth, which with this energy crisis is increasingly likely. GAW is a fantastic business and I don't think many can argue with that, but it isn't necessarily the stock I want to own in this market.Currently on a PE of about 18 on last years earnings, if we see a 20% cut in profitability then that's low 20s on a company that isn't growing, even if that is down to the economy as opposed to the business. I may be wrong and miss out, but I can see this getting worse before it gets better.

[barnold] 21/9/2022 09:00

It's been deflating ever since I bought in ?

[2magpies] 21/9/2022 08:49

Put simply: this (ludicrous) balloon has started to deflate.

[princesa_consuela] 21/9/2022 08:49

over -10% drop and the AGM did not even start.

[ozzietom] 21/9/2022 08:43

Trading update not so great. Good to see revenue increasing, but continued reduction in margins a concern. Also, reduction in royalties, when there was hope they were headed the other way. It is a bit frustrating that they do not provide a little more detail for the retail investor. I am sure the institutions which have major shareholdings will be provided with a bit more detail in direct meetings, but for the retail investor, these are our only avenue. Nasty share price reaction. Seems, to be overdone, but is standard in these current markets. I will continue to hold, but this is painful.

[r2oo] 21/9/2022 08:42

Strange to se a drop of 10 percent this morning on the back of a reasonable trading update!

[suetballs] 21/9/2022 08:38

A bloodbath this am - looks like the good times are over.
There is so much bad news atm and all markets will struggle.
Putin is one dangerous chap - and now he is being pushed into a corner!!!
Suet

[nod] 20/9/2022 00:05

There have been some large trades in recent days.

[nod] 16/9/2022 04:57

September has been a stock market roller-coaster.
Economic sentiment down-under in New Zealand has improved. Our last Quarter GDP was just released and is a small positive. So we avoid the Recession word for 2022.
Food inflation is over 8% due to high fuel and transport costs.
We have massive infrastructure spending following heavy rains and floods. 270km of roads in one region are severely damaged by landslides and erosion. Many homes are cut-off except by sea.

[laughton] 15/9/2022 11:39

They feel it's better to concentrate on running the business for the benefit of all.
At least, that's what I think.

[princesa_consuela] 15/9/2022 10:53

I would expect a trading update next week with the AGM, but who knows. GAW seems to take joy in sending RNS at unexpected times.

[r2oo] 14/9/2022 17:31

That's it, good enough for me, doubled my position as this is a bargain at this price.Plenty of support at this level, could go down more if the wider market takes a dump but I'll be buying more if it does.Be greedy when others are fearful.