Network News: 2015 September-October GW Market Watch
Warning
Network News is rated: trending land of make believe importance for this blog
Watching stocks over the short-term is often an experiment in futility; on October 5nd 2015 we looked back at the state of Games Workshop’s stock price and general financial health.
Now we are finally out of the summer of Sigmar, but how will the release of Tau and the highly anticipated Horus Heresy Boardgame affect stock prices. The easy answer is not all, because the average GW investor doesn’t even know what GW sells, but they do know sale figures and regional to global market trends. Since the Chinese sell off of August things have slowly stabilized, but no one knows how the refugee crisis and continued EU problems will disrupt 4th quarter. If history is any indicator GW should expect some bearish activity.
Looking at GW stock recently it doesn’t look all too bad, especially when you think retail stocks usually have a terrible October.
Here are those numbers.
Over the last month GW has picked up some steam, for the moment the stock has rebounded from a mostly dismal September to October period.
So how is GW stock faring year over year?
As you can see last month put GW firmly in the positive for the year, but still off some big highs in July. Typically, this is the time of year GW starts to underperform, but so far they are beating past history The new Horus Heresy box set is going to help a lot as it will come in just in time to reflect in the next company report coming in January.
The only other news to report from the last month came a few days ago, when GW largest shareholder Ruffer LLP sold off 1% of their of the almost 10% stake in GW. Ruffer LLP is an interesting investment firm based completely in Great Britain. The founder is a one Jonathan Ruffer renowned Art Collector and philanthropist. They also happen to be GW largest shareholder, maybe someone in the firm thought GW IP and art was worth saving.
We are getting close to the next company report, with it GW is going to be out excuses for declining profits, it will be the first report after the completed reorganization, so we will have to wait and see what will happen next!