Confused Would somebody please explain the high volume of trades timed after 4.30 pmThanks
Trading update They had 8 months of trading under the belt at the time of the February update, so after a further 3 months to again be slightly ahead (of the expectations which were upgraded in February) is actually pretty good.More important it confirms the sales momentum continues and surely next year's very conservative forecasts will be upgraded in due course.
Re: why the fall Oops, thanks for the correction - hardly expensive on that view then either. Sorely tempted to add, downside must be limited.
why the fall In my view the fall was for window dressing the accounts.They changed their accounting policies under IAS8 accounting policies estimates and errors and the effect if you look is to improve some of their accounting ratios.
Re: why the fall 25x earnings?Excuse me - these were the results for the first half. Not for a year.
Re: why the fall Buy the rumour, sell the fact? A bit of profit taking and valuation about right, 25ish x earnings. That said for buy and hold investors plenty of value still, in my view.
why the fall what level of performance was expected
GAW Breaks Out YET AGAIN........ GAW GamesWorkshop breaks out YET again and Ive lost count this year how many times it says its going to beat expectations. Stock trades on P/E rating of 16.2 to 2018 and forecast EPS increase is a walloping 61.3%. They report again on 9th JAN. Certainly worth a punt up to TS.[link]
Re: GAW Broker View..... GAW Gamesworkshop.....LATEST BROKER VIEWSDateBrokerNew targetRecomm.1 Dec Peel Hunt 2,400.00 Buy.....SP Target 2400p
GAW, Technically Very Impressive......... GAW Games Workshop, looks technically in a strong position to break through the down trend channel and go on to hit the last high very soon. Increased volume and a positive MACD Oscillator back this up.[link]
Re: GAW Broker View..... <b>Broker Peel Hunt</b><b><i>Games Workshop has delivered a very impressive H1 with EBIT of £38m matching last years full year. We are not changing our outlook for the current year, but the company is well on track to deliver on our FY forecast of £65m ahead of the important Christmas period.It is encouraging that the growth has been seen in all regions and all channels, with H1 sales +54% to £109m. Importantly the sales trend has been maintained since the 40K launch in the summer. Although it is sensible to assume the current elevated sales trend does not continue, the increase in sales of starter sets bodes well for future periods.The profit performance will have translated into a healthy cash position. The company will step up investment in the business by c£7m in order to expand capacity. Nonetheless there will still be significant excess capital to return to shareholders. We are currently forecasting a full year dividend of 120p (6% yield) and year end net cash of £20m. H1 profits will be announced on 9 January 2018.</i></b>
Re: NEW ARTICLE: Re-assessing Games Work... GAW..Games Workshop[link]
GAW Broker View..... Broker ViewGames Workshop Group PLC GAW Peel Hunt Buy 2,092.50 1,958.00 2,400.00 2,400.00 ReiteratesSP Target 2400p
GAW Fantastic Results........... GAW GamesWorkshop... in the first six months of 2017/18 and an operating profit of c. £38 million for the period. Last year at same stage ..Preliminary estimates indicate an operating profit of c.£13 million for the period.Off to a flyer. Nice nice, very nice.
Re: GAW Fantastic Results........... GAW Games Workshop[link]