Jack Brumby

I recently met with Games Workshop (LON:GAW) to talk about the prospects of this singular British success story. It was more of a chat about the company than a formal interview, and the coffee shop we met in was bustling. I made notes as best I could and you can find my scribbles translated into (thankfully, more legible) Arial font below, sorted under a few…

I didn't attend Day 2 of this year's Mello London event, but luckily for me, Ben Hobson did. I've got a hold of some of his recordings - two good speeches here: Keith Ashworth-Lord Switch On Companies; Switch Off markets Keith Ashworth-Lord ('KAL') manages the UK Buffetology fundThe fund tries to find really great companies at a price that makes sense, invests meaningful quantities in…

Stockopedia had the pleasure of attending the recent Mello event in London. Below are notes on some of the day one presentations: Gervais Williams, Miton Group Unsettled markets: The implications for the smaller company sector Miton has £1.5bn AUM Gervais Williams' (GW's) big investment themes going forwards are: the implications of phasing out quantitative easing and a global shift towards tighter monetary policies Correlation across…

Building the world brain Global investment opportunities abound and yet investors rarely leave their home market. Is it possible to conquer home bias and invest profitably in overseas companies? Pooling our experiences can be a great time (and pain)-saver in terms of learning lessons. A lot can be gained from reading the conversations in the comments section of this recent home bias article, for example,…

Informational edge or home bias? Many investors diversify across different stocks, industries, and asset classesNot so many investors diversify across different stock marketsHome bias can increase risk and cost money in terms of missed opportunitiesDo you only invest in the UK-listed stocks? I do, even though UK indices make up just 6% of the world stock market. Adding the rest of Europe takes it to…

Understood Cockerhoop - how are the AGMs? Is it easy to chat with management at them? I'd like to go sometime but haven't had the chance to get up to Nottingham.

Good point. The games industry is changing its whole business model in search of subscriptions and higher quality recurring revenue. It would make sense that being seen as a service is something of a holy grail but I also haven't done a  whole lot of research here - I don't know if EA does this with FIFA and its other sports games for eg. but…

Hi Cockerhoop, I do agree. As you've shown, GAW habitually refers to future uncertainty and probably will continue to do so. I don't know what others feel, but personally I think it's healthy to acknowledge this. That said, my attention was drawn specifically to the ERP installation and capacity upgrades as the two key projects in the near term that are identifiable sources of execution…

We published the article today guys, you can see it here: https://www.stockopedia.com/content/games-workshop-capacity-operational-gearing-and-hidden-assets-426243/

Hi Gromley, Judith seems to really appreciate the importance of viewing her investments as growing businesses rather than numbers on a spreadsheet or a series of financial ratios. I've got a lot of time for that approach, so I'll be keeping an eye out too! There's nothing wrong with being purely quantitative, of course, but it's nice to hear the way she talks about companies.…