Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Retail

Games Workshop’s bull run marches on in lead up to interim report

Games Workshop's half-year trading statement comes amid a surge in investor interest in the British miniatures retailer and owner of the Warhammer 40k IP.

GAW shares have soared 25% month to date following the inking of a major Warhammer rights deal with Amazon.com Inc (NASDAQ:AMZN).

Read more: Games Workshop storms higher on 'huge' Warhammer deal with Amazon

Half-year revenues are expected to come in at £210mln for the six months ending November 7, 2022, compared to £191.5mln in the same period the previous year.

Core operating profit is expected to be at least £70mln, similar to the previous year, while licensing operating profit is expected to be around £13mln, down from £18.9mln in the previous year.

But licensing profit is expected to surge in the second half due to the Amazon deal. “Moreover, a mainstream TV/film product could be game changing in terms of Warhammer's brand reach and awareness,” said equities researchers at Jefferies.

The company is also expected to declare a £54mln dividend payout equally 165p per share.

At the time of writing, GAW shares were in a potentially overbought position at 9,196p, or 5.7% down year on year.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK