Games Workshop Market Watch for October 2018
Watching stocks over the short-term is often an experiment in futility; on October 2nd 2018 we looked back at the state of Games Workshop’s stock and financial health today we do the same…
Like clockwork stocks everywhere are hit with volatility every October. Many corporate and governmental economic reports come out in October, just before the critical holiday season, leading to a lot of guessing and unexpected twists for most markets, and all stocks along for the ride.
So let us see just how Games Workshop fared in this up and down month.
As you can see the stock took an tumble losing almost 700 for the month, with a much needed rally in the final days of October.
How does does this compare year to date?
Well for the year things are still amazing, up still almost 800 for the year, now with Christmas right around the corner out of we can expect Games Workshop stock to start rising again…or can we?
It just so happens, Games Workshop dropped a serious truth bomb on investors that made everyone raise an eyebrow. As the current UK stock darling, Games Workshop made this cryptic statement in mid October…
Following on from the Group’s update in September, trading to 7 October 2018 has continued well. Compared to the same period in the prior year, sales are ahead and profits are at a similar level to the prior year.
However, the Board remains aware that there are some uncertainties in the trading periods ahead for the rest of the 2018/19 financial year. A further update will be given as appropriate.
This coupled with former CEO Tom Kirby’s stock dump from September, it sent investors running and analysts wondering. It is very rare for any company to send a warning like this especially after making glowing statements only few months prior.
As a gamer, it sounds like sales have tailed off since Sigmar 2.0 or new edition didn’t deliver as they thought. It is also possible Games Workshop has maxed out the current playerbase’s credit cards, while seeing new player growth not keeping up. If you want some actual expert analysis here is what the market papers said.
Finally, here other financial news released by Games Workshop for October.
Games Workshop Stock and Investment news from the April 2019read more