GAW is a model stock and keeps delivering so why the markdown ?
As far as I'm aware there has never been any question about Games Workshop delivering stunning 2018 results - the problem is what's going to happen in 2019.
Peel Hunt, I believe, have raised their Target price from 2400 to 2700 today. That seems to be a subtle sell recommendation to me. In the past, from memory, they have always been behind the curve but when catching up have always issued a TP greater than the current price.
As always little in the way of forward guidance was given by the company and the new product effects in 2018 give some uncertainty over growth in 2019 - stock report shows this falling 20% in 2019.
Time will tell.
Phil
