Games Workshop Share Discussion Threads

[nimbo1] 19/10/2017 10:30

yesterday i took GAW to 2% of my dosh - i wish it was 100% at the mo.

[shanklin] 19/10/2017 10:30

Just saw this on Twitter...

MrContrarian‏ @MrContrarian 1 hour ago

Games Workshop- Peel Hunt hikes TP from 2,000p to 2,400p.
I don't have any more figs.
$GAW.L

[nod] 19/10/2017 10:22

Yes, it's not just a case of comparing today's statement relative to its last statement. In releasing this today GAW would have considered this week's share price / valuation and (imho) has concluded that a warning was necessary in accordance with LSE rules. i.e. Trading has materially changed since its last statement.The mind boggles.It could be that predators are circling.

[skirbell] 19/10/2017 09:35

I'd agree, the RNS does tend to suggest that things are further ahead than previously implied. Upgrades should be coming.

And I'm a little surprised by the WizzKids link up. GAW dropped Fantasy Flight Games over a year ago who had the licence to create board games using GAW's IP. GAW looked to have brought this back in house and look to being doing a good job there. In my view, FFG are better than WizzKids which begs the question why enter into a new contract here? Are GAW struggling to keep up with demand with their own board games? Looking to further break the US market? Or just felt that FFG had too similar a licence as they have Star Wars?

Will be interesting to see where this goes.

[nod] 19/10/2017 09:23

The trading update so far in advance of December would suggest to me that GAW is smashing its previous forecasts and furthermore doesn't think that today's share price is above valuation - otherwise they could be accused of pumping an already inflated share price - and GAW has never done that.GAW has always been ultra-conservative with its RNS and foreword statements. Like an army on the battleground, GAW prefers to surprise. So this RNS strikes me as an exceptional warning that profits are going to be huge..."TRADING STATEMENTFollowing on from the Group's update in September, sales to date have continued strongly. Given the high operational gearing of the business, any movement in sales is directly reflected in profits. Sales and profits to date therefore continue to be well above the same period in the prior year."

[discodave4] 19/10/2017 09:14

Wish all my shares went up following a statement that doesn't really say much!

[woozle1] 19/10/2017 08:47

Cheers Ears

[gdl3] 19/10/2017 08:42

Look in the news flash 8:27

[woozle1] 19/10/2017 08:38

Who and whar are Wizz Kids? Excuse any ignorance.
w1

[gdl3] 19/10/2017 08:33

Games Workshop and Wizz kids just signed up a new deal for 2018

[trident5] 19/10/2017 08:07

Compare it with the trading statement this time last year - they've dropped the caveat about it being early in the year. Last year's statement flagged the start of the turnaround - and now they're saying they're well ahead of that period - in the round seems a very confident statement. I cant recall them ever talking things up in their updates either.

[pnetol] 19/10/2017 07:30

Shanklin,It would be very helpful if they gave some idea of percentage increase , however looking at last year's statement I have personally taken this as an indication that when they update for the 6 month period we will have an upgrade for the year. They have a lot of positive momentum in the business , the reviews for Total War II have been good, so my sons tell me anyway.GLA

[shanklin] 19/10/2017 07:20

Not too sure how to interpret today's RNS? Is GAW trading in line with broker estimates of sales growth, in which case why the RNS, or is it a suggestion that said estimates should be increased?

[argylerich] 19/10/2017 07:10

Bring on Christmas and peak trading 😊

[nod] 16/10/2017 10:54

Fred, I don't think that was me, but licensed games are being released all the time.Total War is the big daddy. Now in the stores.

[flatoutfred] 16/10/2017 08:47

Nod, did you say there was a new game coming in December ?

[cockerhoop] 13/10/2017 08:01

I'm popping across to Manchester on Tuesday so will perhaps get to compare notes with Keith as GAW has also become one of my largest holdings. I can recommend Keith as an very entertaining speaker having seen him present at Mello Derby a few years ago now. The Sharesoc events are also great for meeting other investors in your area with plenty of time to chat.

[davidosh] 13/10/2017 05:08

Keith Ashworth Lord will be presenting at this ShareSoc event in manchester and no doubt will mention Games Workshop if any of you want to learn more about his investment strategy...

[nod] 13/10/2017 04:02

Robin, interesting read of the Fund. A great idea to licence the Buffetology brand.
A 55% gain over three years is not bad for a fund. They should have put it all on GAW eh?

The Buffettology Fund

The objectives of the fund are to achieve an annual compounding rate of return over the long term which is superior to the performance of the UK stock market. The trade mark 'Buffettology' is the subject of an exclusive ten-year Licence covering the UK and Ireland. The Licensors are Mary Buffett and David Clark.

[robinnicolson] 12/10/2017 20:26

Buffett and moats mentioned above.

Games Workshop is currently the largest holding of the Sanford Deland 'Buffettology' Fund. The fund manager, Keith Ashworth-Lord, has been a big fan of Games Workshop for a very long time. He first wrote about the company in 'Analyst' magazine nearly 20 years ago.

He occasionally posts on various boards on this website.

[nod] 12/10/2017 17:36

At its big show revealing the new phones and AR, Apple demonstrated Pixel Toys Freeblade. It was a fabulous piece of free global marketing for GAW and 40k.https://www.vrfocus.com/2017/09/pixel-toys-giving-warhammer-40k-freeblade-an-ar-makeover/

[nimbo1] 12/10/2017 10:00

I've almost bought this so many times and feel like such a Wally - anyway just got some. Wonder if anyone has this information at their fingertips, is there going to be a games workshop game for the iPhone X (AR based) given the apple demo? Thanks in advance if anyone has time to answer.

[zoolook] 12/10/2017 09:05

"Good at building moats" Like it :-)

[nod] 12/10/2017 04:58

This is not an entirely accurate write-up and is misleading in places. MF has consistently been wrong in its analysis of and prediction for GAW. As MF now predict GAW will make me fabulously rich from this point forth then I will go along with them.

One important point they do get wrong is the inference that GAW has gone nowhere in 20 years. GAW has produced excellent dividends during many of these 20 years and stupendous capital growth at times. GAW is not a buy-and-go-to-sleep for 20 years. I can’t think of many companies that have been.

Warren Buffet likes companies that have an unassailable moat around them and Buffet’s “Moat Test” is a key part of his investment strategy. GAW has been good at building moats, as you might expect given their business of battle strategies.



2 small-cap growth stocks that could make you fabulously rich
Alan Oscroft | Wednesday, 11th October, 2017

After years of volatility and no overall price gain in nearly 20 years, shares in Games Workshop Group (LSE: GAW) have taken off like a rocket over the last year — they’ve more than trebled in value in 12 months to 2,030p.

After a gradual climb, June’s trading update ahead of full-year results inspired a spike, and since then it’s just been up and up. In the end, the year to May 2017 saw a 127% rise in pre-tax profit coupled with an 84% hike in operating cash generation.

Earnings per share more than doubled to 95.1p, and the dividend was lifted by 85% to 74p per share.

Chief executive Kevin Rountree described the year as a “fun and exciting” one, suggesting that “prospects for the business are good” — and at least the second part of that seems modest.

Strong margins
A sales boost from the fall in sterling has certainly helped, as most of the company’s sales are overseas, but I see another long-term cash cow here too. Games Workshop’s margins are high, with a very impressive gross margin of 72.4% for 2017, and it really doesn’t require a lot of capital expenditure to keep it going.
And though it’s taken a long time for the share price to get moving, the company has been paying out handsome dividends for years.

This year is already off to a good start, with Q1 sales and profits “well above the same period in the prior year” and the firm telling us we should be seeing expectations-busting results this year.

Forecast dividends of 100p would provide a yield of 4.9% with the shares on a P/E of 15, and that looks good to me.

A million by retirement
Shares like these two tucked away in your SIPP give you the hope of enjoying growth and dividends for years to come after you retire, and there are more top shares out there that can do the same.