What’s everyone’s view of Games Workshop’s ability to survive/thrive in this environment?
GBP falling helps their international fan base to afford more so potentially a boost there. If people are stuck indoors at least the collecting and painting side of things might pick up.
That raises the question: how good is their ecommerce?
Pretty good from my understanding. I am just unsure how large a role the sales people in store lay in convincing people to purchase things through personalised advice etc.
I think they will be fine.
I live in Nottingham and we have barely been affected, even the shops in my area still have toilet roll.
The staff will likely still be able to work for a while, even if quarantine comes into effect the e-commerce team can likely work from home.
The only issue is with dispatching, but the warehouse is far away from any big towns.
People will have a lot more time to do online shopping.
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From a few days ago:
In response to official guidance announced today in both the UK and US, we will be temporarily closing globally all of our stores, headquarters, factory and warehouses with immediate effect. Where possible, our staff will continue to work from home. Our priority is the health and wellbeing of our staff, their families and our customers.
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Trading update: Trading Update | Games Workshop Group PLC | Investor Relations
Operational update
Following the UK and other governments’ introduction of social restrictions in relation to the COVID- 19 outbreak, we announced on 24 March 2020 the temporary closure of all of our operations globally.Our priority continues to be the health, safety and wellbeing of our staff and customers. Since the announcement on 24 March 2020, we have fully assessed the health and safety measures required within our operations to meet social distancing and hygiene requirements. Following the necessary changes we have made across our warehouse operations, we will start making trade sales in Europe and North America this week and online orders on games-workshop.com from 1 May 2020.
The majority of our stores remain closed, however, a small number have re-opened in China, the Netherlands and Scandinavia in line with local guidance and subject to their local social distancing measures. Our stores will continue to re-open across the world as local restrictions are lifted and all required health and safety measures are met.
Financial update
As stated previously, trading for the Group in the nine months to the end of February was in line with expectations. However, since the outbreak of COVID-19 and the subsequent closure of our operations globally, our performance has been impacted. As we are now re-opening our sales channels as discussed above, we estimate our profit before tax for the year ended 31 May 2020 to be no less than £70 million.
We have also agreed in principle with our bank, Santander, to secure an overdraft facility of £25 million for a six month period with a potential six month extension, if required. This will be drawn, as needed, to meet operational cash flow requirements.
Shares are up almost 10% right now.
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They’re a beast, I’m glad I bought in during the dip. It’s a great hobby for lockdown, and with online orders re-opening it will surge I’m sure.
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not to mention the constant stream of books, films and video games!
Praise the Omnissiah!
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Alex White, former analyst at JP Morgan:
https://twitter.com/AlexWhite1812/status/1263442326229323777
https://twitter.com/AlexWhite1812/status/1263447266913849345
https://twitter.com/AlexWhite1812/status/1263502888657203207
Market cap is just one indicator, but still mad how far GAW has come.
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Only 3% off of record highs at the moment.
GAW is my best purchase yet!
Very sad not to be in on this!
Wish I had bought more during the covid drop but alas, currently +42% so not too shabby 
Share price currently at a new high of £75.35. I wonder if it could potentially drop once the pandemic is fully over and people go about their old hobbies? I know a few people who got into miniature painting because they were cooped up indoors, would that still continue after?
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80% up on this one - was very pleased to pick it up during the market volatility.
Very strong company indeed; High returns, high margins and cash flow yield, impeccable balance sheet and, ofcourse, extremely valuable IP. If anything in my portfolio turns out to be a 10+ bagger, it will be this one I reckon 
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I wish I had purchased more.
Games Workshop share price was hovering around the 79 mark last week, I think it even briefly went over 80, however recently, they seem to be dropping, currently sitting at £76 according to the app.
Think this when people say to not think with your heart, do I sell now whilst I’m up +44% or hold out and see if it’ll go back up? I thought with lockdown easing and more stock arriving into warehouses, people would be more interested.
I bailed for a 20% gain last week. My gut feeling was that while they have strong financials for the online side of their business, their walk-in stores only just about breakeven. They’ve been solid during lockdown because their online model is efficient but as the UK starts to open back up (with people still very wary about meeting anywhere physically) they might struggle to balance with what could be loss making physical stores.
Saying that, I’ll kick myself if they continue to grow further after this mild drop!
I’m currently up >90% and still holding. It’s not the warhammer models I’m interested in, it’s the massive push they have been doing with video games, books etc
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