Games Workshop Share Discussion Threads

[nod] 15/10/2022 05:19

Too many dividends. A nice problem to have.

[robinnicolson] 13/10/2022 14:24

I've just edited my dividend spreadsheet for exactly the same unforseen payment schedule!

[epo001] 13/10/2022 14:19

Nice, but it has shown a problem in the dividends tab of my spreadsheet. Didn't think to allow for 2 dividends from the same source in the same month. Have flagged it with a comment and will edit when the first one is paid.

[robinnicolson] 13/10/2022 12:11

The Games Workshop Group PLC announcement that it will pay a dividend of 45p is an “important signpost” for cash generation and profit performance, said broker Peel Hunt.
So far this year, the maker of the Warhammer tabletop game has declared a total of 165p of dividends, compared to 65p in the same period last year.
“Comparison year on year can be confusing given that the timing of dividends does not follow a regular pattern,” analyst Charles Hall said in a note.
As dividends actually paid in the past year were 115p in the first half and 170p in the second, the analyst said the “scale and timing of payments this year should be encouraging given that the company pays dividends out of ‘truly surplus cash’”.
This is why he said dividends are a signpost for the performance of cash and profit.
The most recent update from the company on trading was in September when it announced first quarter sales growth of 8% to £106 million for the three months to 28 August.
“Hobbies tend to be recession-resilient and Games Workshop’s revenues are driven more by the strength of the product launches than the background economy,” Hall said.
He said product launches continue to be well received and there are a number of upcoming games releases “that should generate attractive royalty income”, including with Frontier Developments.
Peel Hunt has now updated its forecasts to increase 2024 earnings per share by 8%, though this is related to the change in UK tax rates.

[strollingmolby] 13/10/2022 11:46

Thanks, Shanklin - I certainly did miss one, perhaps easily done when a company issues 6 (six!) dividends in one year...

[cambst] 13/10/2022 10:27

Good little surprise today. Seems to be in real value territory now, looking at the yield and the quality of the business. Certainly would like to top-up at these levels.

[strollingmolby] 13/10/2022 09:45

I only have five showing for 2022, totalling £2.65.

0.35 paid 5-Jan
0.65 paid 25-Feb
0.90 paid 12-Sep
0.30 to be paid 4-Nov
0.45 to be paid 25-Nov
2.65

Am I missing one?

[vprt] 13/10/2022 07:55

There are so many dividends from GAW that it is hard to keep track - now there are two being paid out just in November... The fact that they come spread out means that the amount does not seem very big each time.

So I just added up all that have or are being paid out during calendar year 2022:

335p across 6 payments (assuming my broker HL's numbers are correct).

335p / 5800p = 5.8%!

That's quite a yield for a company many investors (used to) think of as (expensive) quality growth - now the share price has come down so far, and the divi up so much, that we're getting "jam today" (and more tomorrow). Happy holder.

[nod] 12/10/2022 05:15

Baillie Gifford has held firm since 16th March 2022 when it doubled its holding from 5% to 10%BG still holds 10%

[nod] 05/10/2022 00:21

Significant improvement in market sentiment across the board. No red on any of my watch lists.

[nod] 04/10/2022 00:20

Truss has done a U-turn.

[stepone68] 03/10/2022 09:21

And on the subject of working classes - as we hit the biggest economic issues, arguably, for generations, they decide it's a good time to go on strike! Just when the economy could do with a boost, and we 'could' all be pulling together, they decide to spend their days waving placards on the pavement.

[stepone68] 03/10/2022 09:18

What a lot of nonsense Nod. Truss has been in power a fortnight - if the UK working class are suffering, I don't see how she can be responsible for much of it. The biggest problem is Putin, followed by the working class themselves (since they voted for Brexit).

I actually think the EU has been a long term drag on the British economy (look at the GDP graphs) and being out might turn out to be a good thing, but there are so many short term humps to get over that I doubt whether any government will be in place long enough to get us to the 'sunlit uplands' :-)

StepOne

[cambst] 01/10/2022 09:35

Funny little article on the Warhammer hobby. hxxps://www.spectator.co.uk/article/in-defence-of-warhammer

[riskonricky] 01/10/2022 06:29

Hanlon's razor m8. No idea what they are doing. Just another year in Tory clown town.

[nod] 01/10/2022 05:30

I'm on the other side of Planet Earth and we are all impacted by Truss Economics. The ripple effect is flowing around the globe at a rapid pace. Truss was unknown around the World a few weeks ago, and has suddenly become infamous. Sadly, the UK working-class are suffering, and will continue to suffer.

[life share] 29/9/2022 16:48

To be honest, if GAW is list in US market, thw share price could easily break 300 usd.

the problem is not gaw itself, it is the general market. Compared with lloyds, JD, gaw is still quite good.

[life share] 29/9/2022 16:44

will all in when break 40 : )

[princesa_consuela] 29/9/2022 16:32

and since North American sales are greater than UK they should benefit from the US consumer with higher than average disposable income still going strong, plus US revenues while paying UK wages to produce items. Still, that did not prevent GAW share price to fall below pre-covid highs.

Edison is the last on the room who need to downgrade, surprised it is taking them so long.

[jungli999] 29/9/2022 16:16

I understand how you feel - Games Workshop are the first shares ive bought and they were doing well and now they are doing terribly. Take solace in the fact that it is not that the company is doing poorly but rather the pound and investor panic that has caused all this. Its up to Truss etc to regain confidence of foreign investors now.. all we can do is wait

[princesa_consuela] 29/9/2022 15:54

still, the -10% hurts.
rest of shares falling so not really an opportunity to rebalance and put money into GAW.

[jungli999] 29/9/2022 12:51

The share price will probably get worse which is reflective of the current economic climate but then should recover back to its pre-covid level by early next year to £70 at the very least. I am hopeful that the strength of the dollar (and given the large exports) that this alone will push revenue up. Not to mention the various book and game releases that should help licensing fees. The fundamentals of the company remain strong so I am positive (I think)

[nod] 29/9/2022 04:52

"GAW had its price objective decreased by Jefferies Financial Group from GBX 9,700 ($117.21) to GBX 8,700 ($105.12) in a research report released on Tuesday morning, The Fly reports."

[princesa_consuela] 28/9/2022 15:51

quite an underperformance day vs FTSE 250. Is this the downgrade from Jeffries?