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Warhammer maker Games Workshop beaten forecasts again

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Shares in Warhammer maker Games Workshop soared as it said it had beaten forecasts again.

The retailer, which makes models and figurines that can be collected and painted, has had a stellar year after it found success with adult fans looking for hobbies they could do during lockdown.

Sales in the three months to August hit £90million, compared with £78million in the same period of last year, it said in a trading update.

Games Workshop, which makes models and figurines that can be collected and painted, found success with adult fans looking for hobbies they could do during lockdown

Games Workshop, which makes models and figurines that can be collected and painted, found success with adult fans looking for hobbies they could do during lockdown

Online and trade sales are strong at the Nottingham-based group –though the business’ shops are ‘still recovering’.

Operating profit is expected to be around £45million, up from around £38million, and it will dole out a 50p-per-share special, one-off dividend, worth £15million.

Longtime investors have benefited from a soaring share price, which has risen 60 per cent this year and 172p since its low in March.

AJ Bell investment director said there is ‘no question that Games Workshop is a winner on the stock market’. Yesterday it jumped 11.8 per cent, or 1025p, to 9750p.

Stock Watch – Gfinity

Esports group Gfinity rose 4.1 per cent, or 0.15p, to 3.79p after it was put in charge of a knockout gaming tournament organised by chocolate-maker Cadbury.

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Akinola
Akinola
Akinola Olusegun is a blogger and publisher of this blog, money247.com.ng. You can also check out his other blogs : segtv.com.ng (videos & news), letgoonline.com.ng (e-commerce), letgoonline.com.ng/blog (news) among others. Follow him via any or all of his social media pages to get fresh posts update.
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