The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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I've no idea what the logic is either! All my recent shares that have announced positive news, have followed this pattern of descending SP. People just quote, "Buy on rumour, sell on news." but that pointless mantra does nothing to explain the rationale behind it. I could at least understand, "Buy on good rumour, sell on bad news."
as always. Never a proper outlook statement so we wait for the next bumper numbers
Another fantastic set of results for this company, great to see the large surplus of cash allowing them to pay out yet another dividend and I think things can only improve from here as they have a clear focus on maintaining their core market whilst investing in what must be a massive opportunity market with the digital offerings.
Don't have time to read the whole thing? Nice summary:-
https://investor.games-workshop.com/wp-content/uploads/2021/07/Year-End-Presentation-2021-for-IR.pdf
Typical dumb reaction
So tomorrow we will see the yearend results this should be interesting!
Not really companies have to always protect their IP or run the risk of loosing it. Elsewise you ask permission.
https://www.pcgamer.com/uk/games-workshop-is-trying-to-shut-down-fan-animations/
Does this change anything or just the company protecting its ip so something to not be worried about?
Thankyou
27-Jul-2021
When are the latest figures due please?
Very soon I’d imagine.
Also end of July GW will announce its full years figures which will be interesting! Be interesting to see how Dominion is doing
Thanks very much ????
Panic about inflation plus I guess, concern that when everything opens up there will be less folks at home partaking in the hobby.
Mostly inflation though, look at the FTSE in general it's taking a kicking.
Well that’s £20k I’ve “lost” on this drop from £122. What’s the reasoning, even if non?
No. It's been slightly higher in the past, but it'll get there.
These massive swings are getting tiring
Sorry typo , almost double to £500 with increased dividend.
Looks like £120 support's holding for now. FTSE 100 inclusion probably around a share price of £150 when various trackers buy in to inject a pleasant rise from there...
If they increased the dividend to 500p the share price would be nearer £50.00 a share. IMHO.
Breakout through £118-£120 resistance, bounced off 3 times before and now provides very strong support...my £124 buy order should be hit soon...(yep, know I could buy lower now but plan's working so why change :)
I still remember thinking it was overvalued at £20, then £25. Took the plunge at £84 (!) and bought more on every £10 rise ever since. Expect it will enter FTSE 100 next year at latest.
90% owned by institutions, 9.8% by the public so a lot of smart money clearly don't see it overvalued. Noticed major falls are institutions selling as I suspect their portfolios become overweight on continued rises. That said, Baillie Gifford increased their holding by almost 40% in first quarter of 2021, Blackrock by nearly 6% and Schroder by over 18% - they're the top 3 shareholders. Vanguard is 5th biggest, increasing holding by more than 20%. Happy to keep that company...
I like the company but it is now grossly overvalued IMO. Having sold out a while ago, I certainly would not buy in at this price. Well done to those holding.
Really interesting point for share price: if it breaks through resistance hit twice before, then should float for a while with £120 becoming new support.
On fundamentals, loads to like:
- CEO keen to give shareholders value and not defocus through unnecessary acquisitions
- New factory will increase leverage, revenues and margins
- Above £4bn or so, and FTSE 100 beckons and slew of funds buy in
- Deals with media/gaming companies for revenue expansion (e.g. Frontier Development)
- Regular positive coverage from The Times business section and Investors Chronicle
I buy on pullbacks whenever I can. £94 hurt a few weeks ago at the time but so pleased now...
I did too at the £105 mark hoping it would have a pullback likei t was doing every couple of months/weeks, how wrong was I to hope that, one hell of a stock. Hopefully there will be another opportunity to jump in at a lower price......One day