Games Workshop Stock continues to fall.
While the big news of last month was the big fall in Games Workshop stock, from 723p to 551p or roughly 24% in one day. Well, Games Workshop stock has continued to fall another 10% over the past month and a half from 551p to 493p today.
Clearly times are still tough for Games Workshop, and still no CEO.
Nykona
I'm very ignorant, but is there any chance of GW shutting up shop and us not having access to new stuff for this cool-arse game?
ReplyDeleteGW is way too popular. More than likely Hasbro will buy them out if stocks fall enough...
DeleteNo, that is not possible.
ReplyDeleteAs I understand Hasbro have tried on more than one occasion but issues with monopolies applied. however with other companies coming up this may well no be the problem it used to be.
ReplyDeleteInterestingly enough, I actually went into GW HQ the other day and spoke with some designers and managers. While you definetly do get the GW bs, it was very interesting hearing their side of the changes they've gone through over the last 10 years, basically since the lotr era. Most interesting thing that I took from it was that they seem to have realized lotr created a bubble, which shot up expansion and artificially inflated their stock price. What we are seeing now is the correction rather than any real threat of going out of business, which I believe.
ReplyDeleteStill. Even with lotr sales due to hobbit. Sales are down for GW.
DeleteThe sell less product and so much that Not even the high prices and costcuts make up.
Its only logical that the stockholders punish it when GW fucks up so big. Hobbit relatet sales alone should have made for growth. Instead they are loseing customers at large.
1. It's not 493lbs its 493 pence
ReplyDelete2. The P/E ratio now is 11 which is a good strong ratio, if it was below 5 then there may be a issue.
notes:
"London stocks are quoted in Pence which is commonly reffered to as GBX. 1"
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB0003718474GBGBXSSMM
GW have been through stock drops like this before. If you look at the whole of life for the company they dropped quite badly in 2002 and 2009. All the way down to 462p to 117p in 2002! Although there wasn't as much competition as their is now. It's going to be very interesting.
ReplyDelete