GW Finance: Profits Up & Dividend Payout Ahead

Games Workshop is experiencing some good growth trends and it’s paying off for investors.

2017/2018 is shaping up to be a pretty good year for Games Workshop on the finance side of things. Last month we got a look at their 2017-2018 Half-Year Financials and things were looking up. On the heels of that announcement comes another one from their investor relations – it’s dividend time!

via Games Workshop Investor Relations

Trading update and dividend

Following on from the Group’s update on 9 January 2018, the good growth trends have continued to the end of January. Sales and, given the high operational gearing of the business, profits for 2017/18 to date are therefore slightly above expectations.

Games Workshop also announces that the Board has today declared a dividend of 35 pence per share. This will be paid on 23 March 2018 for shareholders on the register at 16 February 2018, with an ex-dividend date of 15 February 2018. The last date for elections for the dividend re-investment plan is 2 March 2018.

GW Share Price via London Stock Exchange

First Half Highlights (2017-2018 Half Yearly Results)

Compared to the previous period, it certainly looks like GW has righted the ship and it’s making some great progress financially. It looks like all those changes they have made are literally paying off dividends!

 

Do you think GW will be able to keep up this growth? Are you happy with the direction they have taken the company? Let us know your thoughts in the comments below!

  • Fergie0044

    I’ve always toyed with the idea of buying some GW stock. At least that way when I blow all my savings on plastic crack, I’ll see a very very very small financial benefit as well.

    On the other hand, I know nothing about how shares work, would likely lose all my money and have no explanation for how or why it happened except by blaming it on witchcraft.

    • SilentPony

      Step 1: Make more Space Marine models.

      Step 2: ???

      Step 3: Profit.

      • ZeeLobby

        Step 2 might be replace space marine models with slightly bigger space marine models.

        • Pl4gu3 B4st4rd

          2048 : GW launch (ironically) Inquisitor-scale plastic space marines (If world has not been nuked before)

          • ZeeLobby

            Right along with their new 12′ x 6′ realm of battle tables.

          • Matthew Pomeroy

            I would seriously buy that 😛

          • Ovalsoulanimal

            According to Metal Gear Solid V, nuclear disarmament occurred this week, so…

          • Spacefrisian

            We wont make 2048, cause in 2042 we build space colonies and reset the year to UC 0, than 79 years later the principallity of T’au gets the colony drop strategem.

        • Ovalsoulanimal

          That made me laugh, but it could just as well be: Step 2 actually engage with your customer base.

      • orionburn III

        I’m sure there’s a market for GW underwear.

        • ZeeLobby

          As long as it’s Space Marine codpiece shaped!

        • Ovalsoulanimal

          I myself have been dying for some Harlequin pajamas!

    • ZeeLobby

      Pretty sure witchcraft drives the stock market anyway. People have bad feelings and the DOW falls 1200 pts.

      • SilentPony

        The Fed will just cut the head off a chicken to see what the Market should do

        • ZeeLobby

          LOL. YES! It’s just gotta be true.

      • James

        It’s all about confidence, would you buy a used car you’re not confident about? Will it work in a years time?

    • wibbling

      They’re at the very top of the market now. I bought them when they were sat around £5, just before Finecast came out and then I thought I’d bought a complete doozy, but really, it’s not complicated.

      And yes, the dividend is small but you’ll invest in something you love.

  • pokemastercube .

    i know how to make the stock worth more: plastic sisters

    • ZeeLobby

      Apparently plastic space marines does it better XD

  • Angry Panda

    It’s a good thing I invested into GW. I could remember just about five years ago I was a poor panda living off of nothing but cheap noodles n’ dirty cheap crack booty. The hoodrats would do drive by’s of my house busting their clanks all up on my porch; had to duck my fat Orea booty to avoid them white crackers icing me .

    Now I’m sitting on some fat hoodlum stacks of hot cash, snorting the finest cocaine off of some damn fine panda booty. And those crackers? I filled them with some of my panda love with my new piece I got from my fat stacks, dawg.

    Thanks GW.

  • daniel

    This can’t be true, X-wing is the best selling tabletop game.

    • Rose Lizrova

      Where is the proof ?

      • SilentPony

        I think he was being sarcastic.

        • daniel

          😉

          • SilentPony

            TBH I’ve never played X-Wing, but I keep seeing the models at the local fantasy shop. Any good?

          • ZeeLobby

            It’s super popular here. Def the most popular game at my FLGS now. I doubt it’ll ever match GW games in sales simply because there aren’t 14 factions that can all ally with each other, so at some point it hits saturation, but it is a fun game.

          • Joshua C

            From what ive heard they are close to overtaking GW on the miniatures front.

          • Spacefrisian

            Dunno now, havent played in a while, it does have a shiny new thing going on and older models rarely get use in tourneys.

          • Matthew Pomeroy

            if you like dogfighting, then its the best in the biz, if you dont….avoid it

      • marxlives

        https://spikeybits.com/2016/03/warhammer-dethroned-top-5-miniature-games.html

        https://icv2.com/articles/markets/view/38061/top-5-non-collectible-miniature-games-spring-2017

        I know daniel was being sarcastic but its true. By being in the SW franchise there is a huge collector market that doesn’t really exist for any other miniature game on the market, and the company itself hosts a world championship.

        Also if you compare the stock price and/or revenues between GW and Asmodee you see that they are not even competitors. Asmodee is competing against Hasbro who owns DnD and MTG. If you were going to look at them in financial tiers.

        Hasbro/Asmodee
        GW/CMoN
        Privateer Press/Corvus Belli etc.

        is an accurate look of what weight classes are punching against who in the same weight class (but lets be real this is capitalism, everyone is punching everyone).

        GW had a huge investment boost and thier contract with WizKids, great 40k release success, and new IP licensing approach is all of that. And they turned the ship arond no doubt, I mean look at the 5 year projection instead of the 1 if you really want to be impressed.

        But they still are not in the Asmodee or Hasbro weight class. So while they are bigger than WMH, Infinity, etc because you can only get them at hobby stores it doesn’t pass the Walmart test. And I could go to Walmart today and pick up a deck of MtG and an X-Wing core set, but I wont be able to get anything GW. I think the last thing I saw GW that was sold at Walmart was…HeroQuest.

        • The problem with those surveys is they only account for sales at independent stockists, super important for the industry with one big glaring exception, GW, who does only about 1/3 of their business through independent retail chains. So, unfortunately it’s not Apples to apples

          • marxlives

            I guess you never played apples to onions!

        • Chaos_United_8

          And that is the best thing about HeroQuest!

          • marxlives

            I remember when I could get GW stuff from Walmart. It was a more civilized time.

    • ZeeLobby

      Huh? How would GW’s stocks have anything to do with how well it is selling compared to x-wing? (to be honest, even knowing the sales revenue of each would be a poor indicator)

    • Douglas Burton

      Look, all it takes is to brainwash enough people into spending $25-$35 for a single plastic figure which costs a fraction of that and then convincing them that it requires a cost of $25 to $35 a figure to be profitable to actually move your stock up. Not everything GW has done has been terrible, they actually do have some items that seem somewhat … cost effective in pricing. But they also well overprice items compared to manufacturing costs.

      • daniel

        You don’t understand the business,

        What do it think the markup is?

        • marxlives

          That is true the market works on perceived value.

          • daniel

            The articles you posted.

            Do they include sales data from Europe, Australia, or Asia?

            Do they only include 3rd party distribution and retailers?

          • marxlives

            They include whatever you want them to include big guy.

      • SacTownBrian

        Anyone complaining about cost is in the wrong hobby. I hear yarn is cheap, perhaps knitting is your thing.

        • Douglas Burton

          That’s not quite true. You just have to buy from manufacturers who have a much more realistic grasp on prices. Warlord, Perry Miniatures, Victrix the forementioned FFG, etc. Like I said, not ALL of GW prices are ridiculous but when you feel you “have” to release a single plastic miniature for that price, seems like it would be more suited as a metal or resin release. So we have one of a few scenarios going on here. GW is blatantly gouging their customer base because they can or GW games are not nearly as popular as some other games (Xwing? as someone mentioned, even if in jest). I wonder if GW as a hobby has grown in total number of players or if the prices are the reason for the increase performance (ie lets raise prices and pull funds from existing customer base by releasing more items for that base as opposed to building the base). I still pick up the occasional GW piece here or there but even with a 25% discount, I still find I can buy other manufacturers for far less and thats without a discount on their items.

          • SacTownBrian

            I’m sorry but this is 100% wrong. I don’t care who you buy from. None of it is necessary. It’s a hobby; it isn’t food, shelter, clothing or medical care. The price is absolutely meaningless. Your personal challenges with your disposable income is not driving industry decisions in pricing.

            I hear birdwatching is cheap…

    • zeno666

      Don’t worry, it still is 😉

      • daniel

        Oh you failed to see my sarcasm.

        I don’t remember seeing any brick and mortar “X-wing” stores.

  • zeno666

    They can just promise better and playtested rules (lol) and better balance for the next edition as well and they will get another peak like this when people want it to be true and buy a codex with the same cover as the previous one, also with the same old artwork inside.
    Throw some cringeworthy new fluff in there as well as unit costs based on last nights dart game and you’ll be golden.

    You sure fooled us GW! Well done

  • Angus MacKenzie

    Clearly this is all proof-positive that GW will be out of business within the hour….75 minutes tops.

    #SarcasmSoHardItsHurts

  • OrbitalHammer

    its almost as if, by listening to the community, they understood what the community wanted, and the community responded positively.