Games Workshop Market Watch for September 2018

by TastyTaste | Oct 2, 2018

Watching stocks over the short-term is often an experiment in futility; on September 9th 2018 we looked back at the state of Games Workshop’s stock price and general financial health today we do the same…

Global economy still humming, check, Brexit drama, check, another dividend, check, everything a growing Games Workshop needs. I know it is strange to think, but Brexit drama creates a falling Pound, doing wonders for Games Workshop as one of those rare manufacturing companies in Britain.

So let us see just how well this tried and true recipe work for Games Workshop stock last month…

As you can see right around the middle of the month the stock spiked, not coincidentally with the dividend announcement at the same time, so looks like shareholders and investors decided to invest.

How does this reflect for the stock YTD?

It should be noted the stock crossed the 4000 pence mark briefly last month, overall the stock is still rising up almost 1500 for the year!

You know how I just said it looked like a lot of people just reinvested the dividend back into the company, well not everyone did that…

Our good old friend and largest shareholder Tom Kirby instead decided to cash out a metric ton of shares for the equivalent of almost 20 millions pounds! This sell off reduced his holdings by almost a third and was the cause of a 5% drop in the stock at the end of last month! Who could blame him, even if he almost single handedly destroyed the company just a few short years ago.

If you want to know more details check out this link below.

https://www.sharesmagazine.co.uk/news/shares/games-workshop-ex-chairman-cashes-in-20m-of-stock

Here is also the rest investor news for the month of September.