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IC has piece on GAW today, usual excellent article...well worth a read and they close with: "This dip is a good time to buy".
Key points:
- gross margins down 6%
- IP revenue more than doubled (!) to over £20m
- Shipping costs "may normalise soon"
- Metrics around Warhammer IP solid
- Growing community
- Major video games due for release this year (leading to even more royalty fees)
- Impressive free cashflow yield
- Rare retail business that continues to generate record sales during a global pandemic
- Regular dividends
Current supply chain issues and higher staff costs ("a good thing", CEO) caused rise in costs but ever-increasing licensing fees around its growing IP very positive.
Can’t understand the agression with these prices at times.
I guess it’s heavy trading and games being played. I have been here for a while now but thinking og getting out when back in profit.
Can’t get to grips with it at all.
yes smaller profit though, oh well, thought I was being clever with the stop loss :D
That's unfortunate given the bounce today. Hopefully, you will have banked some profit.
Pleased with the rise today so but still well off the pace from a few days ago.
The drop took out my stop loss, very volatile, I was going to hold, hand forced
Over reaction
Some will make big money here............
that's a load of rubbish and very poor journalism.
The fantasy wargames maker and retailer explained this was due to foreign exchange movements and increased costs, such as special payments to staff.
"Potentially more serious have been reports of fractures between Games Workshop and its devotees, linked to the launch of a subscription-based service and the aggressive protection of its intellectual property by pursuing YouTubers who have created Warhammer-inspired animations and stories," AJ Bell analyst Russ Mould commented.
"While it is understandable that Games Workshop is protective of its IP, it needs to tread carefully. The value of the company is inextricably linked to fans' devotion to the Warhammer brand."
Going to set up regular monthly buys. Good opportunity.
Wow, that drop seems a bit overdone.
There's some big trades going through too. Wouldn't be suprised is funds are buying and selling into the volatility. For a ftse 250 share there's some huge swings on this share!
Wow, 8615. Seems crazy considering the update was largely as expected.
Results look great but sp is high already - not sure what will happen here.
Hoping for some good results tomorrow and an increase in the dividend
on less than average volume (so far)
Most retail stocks are taking a hammering today.
It's the Fed minutes from the USA, taking a more aggressive policy and moving interest rates up. This has shifted a large portion of the market downwards. Big sell offs in the NASDAQ, especially on tech stocks, and weirdly that same sentiment has also hit the FTSE. Markets are freaking weird.
GW had been gently trending upwards for the past month. I'm trying to see if any thing has triggered the latest move but nothing is showing up that I can see.
As a result, the Board now expects that full year revenue for 2021 will be at least €505m (+35% year-on-year growth) and adjusted profit before tax1 in excess of €85m (+55% year-on-year growth) both ahead of current analysts' consensus forecasts2.
Outlook for 2022
We expect this trading momentum to continue into 2022, giving us confidence in delivering 2022 revenue at the upper end of current analysts' consensus forecasts3, while we continue to expect adjusted profit before tax margins to moderate towards our historical levels of ~15%, as certain costs return with the easing of restrictions and as we continue to invest in the platform and our people.
The Group will provide a further update with its scheduled trading update at the end of January 2022.
So KWS is starting to progress well, but they don't have the expense of owning video games themselves. Also great prospects forecast.
https://walletinvestor.com/lse-stock-forecast/kws-stock-prediction
I'm not sure you are supposed to get meaningful analysis from a social media board, which this essentially is. I can understand someone saying they aren't sure what the trend is when looking at +9% in 30 and -20% in 90. (Maybe a bit more than 90).
I don't even know what I am doing reading this message borad if someone is selling because of "the trend from here" after the share price being +9% over 30 days. What type of meaninful analysis of the business is going to appear from such as short-term oriented mentality?
I've done quite well with it, but I am not sure on the trend from here. I am considering whether or not to hold or sell.
Much as I like this share I reluctantly sold my holding a few weeks back and took a loss on my modest outlay. I feel at its current valuation then only very good news will bring price back to around 1100 - 1200 range. I thought the recent update was ok however I think I was guilty of buying at too high a price. I will watch and maybe wait an opportunity to buy a dip on one of those days where the price moves dramatically
perhaps worth noting that the third Total War: Warhammer title will be released in Feb next year, which should see another large chunk of licensing revenue coming GAW's way.
I had heard about this. A total class act in terms of re-distributing profit / success to employees.