Games Workshop Share Price (GAW)

The share that keeps giving...£6 before next ExDi & what a lovely div too:))

Yes, great update.
Can't agree with you though about SGI and Hornby. Neither are in the same league.

These are really good figures.

Bodes very well for similar companies such as Hornby [HRN] and Stanley Gibbons [SGI] both of which also have a very loyal fan base.

From Sharecast News Today - "The company, which makes miniature wargames, said royalties receivable were "significantly" ahead of the prior year, driven by the timing of guarantee income on signing new licences.

It expects to report sales of at least £140m for the six months to 1 December and profit of at least £55m. In the same period a year prior, Games Workshop reported pre-tax profit of £41m on sales of £125m.

At 1220 GMT, the shares were up 16.5% at 5,251.24p.

Russ Mould, investment director at AJ Bell, said: "Games Workshop continues to be a master in the art of brevity with its latest trading statement. The message is fairly simple: earnings are growing which is a commendable feat in the troubled world of retail.

"Having a niche focus can help certain retailers be isolated from the pains facing general merchandisers. In Games Workshop’s case, it couldn’t be any more niche if it tried. Its customers are fanatical, loyal and part of a vibrant community whose hobby is centred on miniature figures."

Following the update, Edison lifted its pre-tax profit forecast for FY20 from £85.2m to £92.7m and for FY21 from £89.8m to £98.2m. Its earnings per share estimate for FY20 was boosted from 210.3p to 228.8p and for FY21 from 221.7p to 242.5p."

Given the revenue and profit figures in the trading update, Edison's forecasts are way, way too low. Eps for 2020 will be comfortably north of 250p and I will put my neck on the line and say more than 270p. As I previously posted, I can see £100 per share on a three to five year basis. Looking closer to 3 than 5! Revenue up by £15m in the first half, so could easily be up by £30m for the full year. On a very high gross margin and also royalties up significantly. Expect the shares to shoot up again on results - buy on any retrace!

I remember you saying you were leaving and thinking OK maybe he's right, ps & vr and all that, but now my monsters have ps and vr and all that, and yet I know one day they will go back to modelling and creativity with their hands, and with their own monsters perhaps ? and I get it now, it's a hobby that was there in Roman times, is here today, and will be here until military strategy is no longer a thing... and wars got a pretty good longevity as well sadly.