Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I say a weak buy in present market conditions, so maybe wait until later next week perhaps. However Games Workshop's generous 6 dividends a year is a reason to be cheerful with this stock. Quote 'Ian Dury.'
Very happy to invest for a £16-50 a share return by or pre May 2027.
https://walletinvestor.com/lse-stock-forecast/gaw-stock-prediction
In CITYA.M. ' The wargaming specialist should ride the pandemic wave and remain resilient to easing restrictions. Also expected to be resistant to any future recession this year. Also being in a ''strong position'' so has considerable opportunity to grow in North America & largely untapped potential in Asia, and so has kept it's buy stance. Peel Hunt also expects full year profits before tax to reach at least £155m.'
So I say roll on those results near middle July.
Everyone looking for negatives in every press release, it's not specific to GW, so the share price gets hammered.
What you can't see is the recent expansion of US stocking and the massive Horus Heresy release, which will be shown off in H1 2023, then 40k 10th edition in summer 2023.
I'm happy to sit and collect divis and ride this all out.
If I put my pessimist's hat on, top line growth rate has slowed (although still positive). Dividends didn't grow Y-o-Y. Although profits grew, it was only by £4M when royalties (100% profit) increased by £12M, so we made £8M less profit from core operations (making and selling stuff) on £32M extra sales i.e. our margin has been squeezed, so future growth may be less profitable as opposed to the massive margin increases we have had on extra turnover in the last few years.
That's not entirely my personal opinion, but it's not unreasonable to read it with a negative slant.
thought as much =. )
Necrons mate. Engineered a market crash...
Now why on middle earth would the share price drop on news like this. Continued growth despite all the manufacturing and distribution head winds ???????
Necrons have invaded a sovereign state. Intergalactic freight and supply chains are under pressure. The God Emperor of Mankind has declared that interest rates will raise by 0.5% or more. Recession is brewing in the darkness between the stars, the market can find no deliverance. There is no respite, there is no mercy.
Any ideas on what is causing such a slump in the market?
Robert
I was at the UK Games Expo at the Friday and Saturday and there was a hell of a lot of people there not all buying Games Workshop stuff, but they were all spending. The Games Workshop stand was always busy, quite a nice set up. A bit painting area to attract new especially young players, quite often acting as a creche for the kids whilst parents went shopping or played a demo game, kids we given a free miniature and help with painting it, and we casually directed towards the paid for range primed for when mum and dad get back. As they say the first hit is free.
It’s a tough one. The macro environment makes me cautious - to me, warhammer feels like the most discretionary of discretionary spend so I’d be surprised if revenue didn’t take some kind of hit this year. On the other hand, there is lots going for the company long term and that’s likely to put a floor under the SP. I’ve already got a holding so would only look to add if the SP falls to around 60
This is now trading at pre-covid prices. Tempted to top up but am I just trying to catch a falling knife?
"Games Workshop Group PLC announces that trading in the three months to the end of February 2022 has been in line with expectations."
Is that for real??how about some hard figures to give us warlocks a clue of how much your selling?
"After a big drop, Games Workshop shares once again offer a high return on equity at a compelling price" - INvestors Chronicle
https://www.investorschronicle.co.uk/ideas/2022/04/13/games-workshop-sheds-its-fantasy-valuation/
Don't give up hope too soon.
Lol - well this aged poorly. At least I’ve got my chance too up!
they have been clear in that they give dividend whenever they think they have "excess cash" and therefore do not follow a pattern, so there is your answer.
I was just looking at what the divi's have been for each financial year since I held, my judgement calls on which divi relates to which FY is up for debate as GAW has never been totally clear about divi structure, but the trend is very nice - my question now is whether there will be a divi declared at YE to increase this year's pay out (I expect one declared end May, paid end July) and what level it will be.
15-16 - £0.20 - one divi (I may have missed something here as this is when I started to hold)
16-17 - £1.00 - 4 divis
17/18 - £1.30 - 4 divis
18/19 - £1.25 - 4 divis
19/20 - £1.45 - 4 divis
20/21 - £2.35 - 5 divis
21/22 - £2.35 - 5 divis so far
Great to flick on the screens and see this rising back towards where it should be. Have been slightly concern about how inflation / rising living costs will impact sales / sentiment and so only picked up a smallish amount - slightly frustrating given I now don’t think we’ll see low 7s again but still better than nothing and looking forward to seeing this continue to rise!
Gotta luv Roy Hodgson
Let’s hope for a long run up back to £120 s. Where it belongs imho. Fantastic company way too low as we stand fingers xxxxed for upward trajectory (:0)
Great products and predictable, growing, revenues. That's the 'domination' bit...
FANTASY... 10000 by 1.1.2023
What do you think?
Warhammer
not sure what the RNS was about since BG already had a 7.3% by the end of May 2021 (in the FY2021 full year report), but positive nevertheless.
BIG increase by BG: high margins; customer loyalty; protected IP.
I guess BG (oh and Buffetology guys too) must know what they are doing.
I bought recent dip and am delighted to be here.
The sales held extremely well during the great financial crisis, happy to buy from someone pannicking now. Good luck rotating into commodities and oil & gas, that has always worked out to protect against a recession.