It isn’t April 1st. On the WizKids’ website is a press release that announces a multi-year partnership between Games Workshop and WizKids.
WizKids will make Warhammer 40 Dice Building Games, board games and other undisclosed games. Games like Relic and Fury of Dracula will be republished.
It’s great for fans that these two companies are getting on. I’m not a miniature or wargames market analysist so I’m left wondering why these two are working together and not competing.
We’ve had the French company Asmodee buy up licenses and publishers many (including French publishing rights to Pokemon and some WizKids titles) and merge with others (including Days of Wonder and Fantasy Flight Games). I don’t see Asmodee going head to head with Games Workshop just yet. Do you?
Games Workshop’s share price is at a five year high – and surged again in the last week. An actual market analyst, Gerald Huddleston, wrote for Simply Wall Street and suggests Games Workshop is overvalued. He noted;
GAW appears to be overvalued by 99% at the moment, based on my discounted cash flow valuation. The stock is currently priced at £20 on the market compared to my intrinsic value of £10.04. This means that the buying opportunity has probably disappeared for now.
His assessment was made before the deal with WizKids was struck. Since that time, despite Huddleston’s insight, shares have continued to rise in price. Do traders in the London Stock Exchange think the company is going to turn bumper profits or do they think someone might try and buy it?
We’re left to watch this space to see what WizKids might do with their new Warhammer 40K freedom and to see what Games Workshop announces next.
Check the comments below to see what readers have to say.
