Games Workshop Market Watch for July 2018
Watching stocks over the short-term is often an experiment in futility; on May 4th 2018 we looked back at the state of Games Workshop’s stock price and general financial health today we do the same…
The last two months have been gangbusters for Games Workshop with the almost flawless release of Age of Sigmar 2nd Edition and its accompanied model releases.Leading into July and the over-hyped Kill Team release, while this was going on Games Workshop was letting the investing world know it has made a fortune over the last year. Hinting that it had beat revenue expectations and passed out money to every employee in Nottingham.
This all ended with the release of Games Workshop Annual report showing just how well positioned the company has become, while the rest of the analogy game market continues to cannibalize each other into ever bigger entities.
What did all this good news mean for the Games Workshop stock over the last month?
The last month brought the stock down about 4%, but if you look at the graph it is pretty clear some investors were selling stock after getting the robust annual report for some profit taking. This dip is really nothing, nor unexpected, when you compare it how the stock has been performing for the entire year.
Even with the late breaking dip the stock is still over 15% from the beginning of the year and continues a mostly upward trend. Games Workshop still has to delivery products and the annual report lays out the dangers Brexit poses to the company. As for mainstream analyst of the Annual report check out these following links.
https://www.bbc.co.uk/news/uk-england-nottinghamshire-45019803
https://www.thetimes.co.uk/article/games-workshop-a-model-for-an-ailing-high-street-k96dzv7cw
https://www.investorschronicle.co.uk/shares/2018/07/31/games-workshop-faces-tougher-year/
And of course the Annual Report itself…
And other investor news from July…
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