Games Workshop September Market Watch 2017
Watching stocks over the short-term is often an experiment in futility; on September 5th 2017 we looked back at the state of Games Workshop’s stock price and general financial health today we do the same…
Over the last month most global markets have seen an uptick in stability, including the United Kingdom; resulting in the pound gaining ground on other currencies since the Brexit vote of last year, and accelerating over the last few months. This is important to Games Workshop because it directly goes into the cost of GW doing business. Conceivably the stronger Pound cuts into profit margins, and GW hasn’t been shy about pointing out how helpful the weak pound has been. This though is a possible down the road problem for GW, but as for September let us see if that has any effect.
Here is how Games Workshop fared for the month of September.
As you can see the GW stock train while slowing a bit last month, picked up again for September rising about another 15% for the month.
Adding the new data into the year to date totals and you get the following graph.
The September rise is directly related to 4th dividend dump for the year happening on September 4th.
Looking forward deeper into the 4th quarter expect the stock to be beholden to “expectations” more than anything, as GW won’t give us any performance hints until December at the earliest.
As for other financial news, here are the investor notes from Games Workshop for September 2017.
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