Games Workshop Market Watch for December 2018
Watching stocks over the short-term is often an experiment in futility; on December 3rd 2018 we looked back at the state of Games Workshop’s stock and financial health today we do the same…
December was a month of total global financial chaos, starting with the light at the end of the Brexit tunnel going on and off. Add in more trade wars, tweets, and government shutdowns and you had a bear market brewing, unlike people have seen in a over a decade. As for our plucky little game company, Games Workshop decided to throw the tried and true method of dividends to get investor attention, but as you will see it only got swallowed by the maelstrom.
With all that, lets see how Games Workshop performed over the month of December.
Games Workshop dividend and annual report preview did help in the beginning of the month, but as global news took control all hope was lost and the stock dipped to almost 2800 with only a global year-end rally saving the month from total disaster.
Things though still look a bit more rosy when you take the entire year into perspective.
For the year Games Workshop still ended on the plus side,but with danger right around the corner that might become totally out of their control.
All in all, it was a fantastic year for Games Workshop, up around 27%, but off 50% highs September/October. The next big news item on the docket is the half year report, which Games Workshop is hedging to be in-line with expectations. So look for that mid-month, as for other financial news from December not much else to report as everyone tried to get away for the holidays.
Games Workshop sales are proving that they don’t need us playing their games to be highly successful.
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