Games Workshop Share Discussion Threads

[nod] 15/6/2017 21:59

A 25p rise today is more than the dividend with xd date of next Friday.The weak pound will be driving this up further imho.This positive for GAW is partially counterbalanced by negative reporting from the High Street as well as fears of higher inflation and possibly higher interest rates.Higher interest do not affect cash rich GAW but may impact UK sales.The UK Govt is looking very weak. Brexit is looking weak.GBP is likely to fall further over the next two years imho.Some of this looks good for GAW as long as UK store sales don't tank.

[pnetol] 14/6/2017 08:47

I don't think you will be too far out with your £1.00 estimate. Profits of at least £38m , hopefully a tickle above which might push us up close to £1.00

[shanklin] 14/6/2017 08:38

I guess I am being a bit hopeful as the EPS suggested by the recent TS was a minimum of 92p, not necessarily £1.

[pnetol] 14/6/2017 08:20

Shanklin, I would be absolutely delighted if we hit £15, your price target and reasoning is even better than mine and does sound achievable. Fingers crossed

[shanklin] 14/6/2017 08:14

If GAW's current level of profits are in any way sustainable, there is no way it can stay with a 9% yield. Assuming dividend are maintained at current levels, a 6% yield would imply a share price of £16.66.

[pnetol] 14/6/2017 07:35

Kaa- Ching , fantastico

[shanklin] 14/6/2017 07:32

Yes, four dividends totaling £1 over the last year.

[pnetol] 14/6/2017 07:24

What a fab RNS to read this am, this was completely unexpected and a real treat just before the holiday season, another 20p dividend. I checked back to last year and there was nothing this time of the year. To my mind this bodes extremely well for when the results are announced and as big a hint as we could hope for that business is going "gang busters" ATM. Well done Games Workshop. Methinks us shareholders are in for a good ride over the next few months.

[someuwin] 09/6/2017 16:19

Tip Update in Today's IC says 'BUY'

[someuwin] 08/6/2017 08:45

I'm building up a good sized (for me) position here.

[simso] 07/6/2017 11:51

woozie1, skirbell - thank you for your well considered answers to my question about sustainability of earnings from a couple of days ago. Having read the last 5 years RNS, I am inclined to agree with your views that the new CEO has made structural changes around price points, accessibility, merhandising and marketing which are really starting to bear fruit.

[nod] 06/6/2017 21:51

Kirby's statement above concluded with this classic:"As I write the world is tumbling in chaos around us. Pundits discover they cannot predict elections, the Americans ride to the rescue of world football (thank you, Uncle Sam), Sunderland escape relegation, again, the UK will split up into its consistent parts, it will leave Europe; and yet we struggle on. Babies get born, the rain falls the sun shines and the plants grow, our chickens keep laying, and Games Workshop still employs over 1,500 people, supporting 1,500 families all over the globe, making the best miniatures money can buy, providing one of the best investments in our owners' portfolios, and having a great deal of fun doing it. Tom Kirby Non-executive chairman 27 July 2015

[woozle1] 06/6/2017 14:56

That's TK for you. He's from the North.

[shanklin] 06/6/2017 14:32

Blimey Nod, in the not too bad circumstances in which it was written, I think that's the most miserable statement I have ever read

[someuwin] 06/6/2017 14:30

Bought a few more today.

[nod] 06/6/2017 14:23

Woozle1, yes, but, GW had not been successful in either increasing revenue nor reducing costs. It blamed the USD currency exchange rate which is only a part of the picture. I thought Kirby was rather cynical of Kevin Rountree's ambition and capability in his first Chairman's Statement. Rountree had already been involved as he was the key implementor as COO for a few years but did not have the final say on strategy which was Kirby."CHAIRMAN'S PREAMBLE This year Kevin Rountree took over the day-to-day running of your company. I stayed on as non-executive chairman so you still get this preamble and my presence in the remuneration report. I will also be helping Kevin as and when he wants it as a consultant from time to time. It's early days, but things seem to be going extremely well. The Great Master Plan continues: cutting costs, becoming more efficient, providing excellent returns on capital and paying dividends. We do not set out to pay dividends, we set out to run an efficient company that uses money wisely. We know we are doing that well when we have more money than we need; this becomes your dividend. One bit of the GMP remains stubbornly unrealised – sales growth. We knew that the huge infrastructure changes we have been making these last few years (and are still making, we have just signed off on a new ERP system) would be disruptive, so we are not surprised that many trade accounts across Europe no longer trade with us. Nor are we surprised at the amount of work we have to do to get great managers in all our stores following the move to one-man operation. Our efforts, unfortunately, have coincided with truly dreadful trading conditions and, for the first time in our history, a year when the pound was strong against the euro and the dollar simultaneously. Our natural hedge hasn't been one this year. You can see the effects of our lack of sales growth in our gross margin, cost-savings in the maintenance of our net margin, and currency everywhere. Nevertheless, as I am sure he will tell you, Kevin has plans for sales growth across the board. More stores, growth in our existing stores, more trade accounts and a better performance from our mail order service.

[nod] 06/6/2017 14:03

Well done Oggy. "It's not what shares you buy, it's when you sell that counts."A famous book with a simple message.

[oggyrocks] 06/6/2017 13:45

Taken profits today. Managed to sell on spike at 1174. Fab. Had a limit order to sell at 1150 but was filled at that price.Thank you GW. Amazing profit in last 12 months with dividends.

[woozle1] 06/6/2017 13:08

The move to one man stores was started by Mark Wells but he went too far too quickly. Also the decision to kill off Fantasy and replace it with AoS was taken before Kevin started. Re the US expansion, he's started at a time after the company have been experimenting with different approaches and have finally worked out what works.

I'm not trying to undermine him but he's taken over at a good time. Kevin's big thing has been to embrace the potential of social media and narrower media channels to promote the Hobby.

W

[nod] 06/6/2017 12:50

I think Mr Kevin Rountree is currently looking like a star CEO. He has only been CEO for two years and five months but has transformed GW. Many of the changes didn't go down well with older customers, but is working wonders on the bottom line.As well as the many good points mentioned above, he has significantly reduced Store costs over the past two years, moving the stores to a 1-man format in secondary locations. He has also expanded operations in Asia and North America opening more owned stores and an HQ in each region. We will get more details on this in the annual report.A reminder:11 November 2014The Board of Games Workshop is pleased to announce the appointment of Kevin Rountree as Chief Executive Officer with effect from 1 January 2015.Tom Kirby, Chairman and Acting Chief Executive Officer, will take up the position of Non-Executive Chairman with effect from that date.Kevin, 45, joined Games Workshop in 1998. He is currently Chief Operating Officer of the Company.Commenting on the appointment, Tom Kirby said: "The Board undertook a thorough process in selecting our new CEO, receiving a significant number of applications for the position, both internal and external. Kevin was the outstanding candidate.

[le4r] 06/6/2017 12:39

Oggyrocks, iWeb credited mine on 02/06 too.Incidentally have heard a few times (from other BBs and elsewhere) that Barclays are notoriously slow crediting accounts with divs / corporate actions resulting in cash payments ...

[oggyrocks] 06/6/2017 11:36

Thanks - as if by magic barclays have put it in my trading account in last few minutes.

[shanklin] 06/6/2017 11:30

Hargreaves Lansdown show mine as paid on 02-Jun-17.

[oggyrocks] 06/6/2017 11:20

Have people got the monies from the last dividend payment yet (25p) ? I haven't, but somebody said a few days ago that they had received it.

If not - do you know when it will be paid ? Cant see a payment date online.