Games Workshop Share Discussion Threads

[rkeck] 22/11/2024 18:19

I think the next FTSE100 review is on Dec 3rd with statement released the next day. GW just has to maintain its approximate market cap position (in relative terms) for a couple of weeks before the index trackers will be obliged to buy in. Is this correct anyone?

[cockerhoop] 22/11/2024 17:55

I certainly thought Space Marine 2 licensing royalties would lead to record royalties in H1 (presuming the launch was recognised in time). They've sold over 4.5million copies already so it was inevitable.

My view is core Q125 was actually behind core Q124 (in profit if not in revenue) due to the 40k effect, the Q1 update with no numbers and the delayed dividend support this. Q2 though was poor last year so the comparables were much softer.

The success of Space Marine 2 has led to much increased online engagement (Warhammer.com searches up significantly in Sept & Oct) in Q2 and anecdotally SM2 players have visited Warhammer stores which I believe to have driven sales.

Regards the early release I suspect with the success of SM2 and the Q2 pickup in trade they felt the obligation to upgrade and inform the market.

I presume the staff bonus has been approved by the board and is therefore included in today's update although they've not quantified it. I've heard no distention regards the bonus at the Agm's etc from investors -in fact the opposite.

December 18th is the deadline for the Amazon development roadmap to be agreed, I talked to the guy negotiating the deal at the Agm and he's relaxed regards a positive result even if it requires an extension. There will be news on this in December.

[dms8] 22/11/2024 17:14

hxxps://youtu.be/YMZffM5bKmg?feature=shared

This is an WH animation coming to Amazon, trailer released today.

[kennewil] 22/11/2024 14:16

This thread always gives me a chuckle

[shanklin] 22/11/2024 11:39

Just don’t let Keir Starmer or Rachel Reeves anywhere near Nottingham!!

[gooseygander] 22/11/2024 10:38

A few house builders and developers floating around the 90s entry 100 cap , the housing market is due a boost soon so will be competitive at that ftse entry position , but will make a nice entry for British manufacturing company on the news front, I know I know a little just guessing now

[gooseygander] 22/11/2024 10:29

Highest price ever is this period .. last peak was 1194 may 21, uncharted ground .. must be ftse hunters jumping in early .. maybe

[gooseygander] 22/11/2024 10:24

FTSE 100 closer.. but how high can it realistically go , even in there .. any ideas of the ceiling potential realistically... whats it worth ?

[martinmc123] 22/11/2024 10:21

3*
Michelmersh Brick Holdings Plc, the specialist brick manufacturer, announced a pre-close trading update ahead of its final results for the year ending 31 December 2024. Following the half year results announcement on 3 September 2024, the trading performance of the Group has continued to be resilient into the final quarter of the financial year. The Board expects revenue...from WealthOracle

wealthoracle.co.uk/detailed-result-full/MBH/1006

[martinmc123] 22/11/2024 10:20

4*
Games Workshop issued an upbeat trading report this morning which has sent the share price surging up to new record highs. Trading since the last update on 18 September 2024 is ahead of expectations. The Board's estimate of the results for the six months to 1 December 2024, at actual rates, is core revenue of not less than £260 million versus 2023/24: £235.6 million (+10.4%) and licensing revenue of not less than £30 million...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/GAW/1005

[meneither2] 22/11/2024 10:02

41000 according to advfn

[epo001] 22/11/2024 09:45

Can anyone see the volume? Hargreaves Lansdown isn't showing anything useful. Is this actual buying or an MM rerating?

[smcni1968] 22/11/2024 09:32

Peel Hunt comments:Upgrades on impressive 1H • Core sales grew 11% in actual currency to at least £260m. This is despite the tough comp from the 40k launch and currency headwinds. Royalties should be no less than £30m in 1H vs £13m in 1H24 and £31m in FY24. • The company expects 1H PBT to be not less than £120m, a 25% increase vs the prior period. • We are upgrading FY25E PBT 6% to £210m. This leaves plenty of room for upside if the Christmas trading period goes well. On a roll – Games Workshop has delivered an exceptional 1H performance despite tough comps. We increase our TP from £120 to £135 and retain our Buy rating. Strong sales growth. The company expects core sales to grow c.11%, and we estimate a 1-2% currency headwind. This is highly impressive in our view, given the strong comp from the 40k launch last summer. The hobby remains in excellent health, and the success of Space Marine 2 has increased its profile and helped short-term revenues. Impressive royalties. There was a material boost from Space Marine 2, which was released in September and reported to have over 4.5m unique players in just over a month post launch. Upgrading forecasts. We are upgrading our FY25E PBT 6% to £210m. The company next plans to update in January, when we should have greater clarity on the potential for the full year.

[tictac] 22/11/2024 08:22

90th position qualifies for automatic entry I think. Who knows if it'll stay that way, but if it does it'll be interesting to see how the valuation settles once its in.

[rkeck] 22/11/2024 08:16

Fun Fact - as of now, GW has the 88th/89th ish biggest market cap in the FTSE.

[zicopele] 22/11/2024 08:12

Fantastic result. I do wish they could be more forrhcomimg with news.

And a share split should be done. Say 20 for 1.

[tictac] 22/11/2024 08:12

Increasingly close to ftse100

[rkeck] 22/11/2024 08:07

Great news!

Warhammer maker Games Workshop lifted half-year guidance after trading in the last two months exceeded expectations. The company on Friday forecast pre-tax profit of at least £120m for the six months to 31 December, compared with £96.1m a year earlier. Core revenue was estimated at not less than £260m and licensing revenue of at least £30m.

[grahamhacker] 22/11/2024 07:57

That's a massive rise! Profits up 25% on prev year (budget small increase). Licensing income (almost no costs, just income) over double previous year. This is wonderful news :-)

[suetballs] 22/11/2024 07:07

Great trading update - ahead of expectations.
Nice.
Suet

[pob69] 15/11/2024 19:24

Interesting read....

[gooseygander] 10/11/2024 06:54

The telegraph article I read separately goes on to say Ukrainian soldiers were doing the same, who would refuse such a simple comfort to a human being in such times. He added that it reflected the huge popularity of the game in Russia and Ukraine and purity seals have been worn by soldiers on both sides as far back as February last year.

[greyingsurfer] 09/11/2024 17:24

Something tells me that they may not be very effective in the real world at protecting canon fodder!

[smcni1968] 09/11/2024 14:38

I hope we will be taking steps in Court to protect our intellectual property