Games Workshop shares shoot up after blowing away any uncertainty about delivering an amazing year

Oliver Gill
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Games Workshop shares have risen over 200 per cent since the start of 2017 (Source: Getty)

Shares in cult wargaming manufacturer Games Workshop today shot up over 12 per cent after the firm said its finances were looking rosier than ever.

In a short trading statement Games Workshop said sales had "continued strongly".

It said in a statement:

Given the high operational gearing of the business, any movement in sales is directly reflected in profits. Sales and profits to date, therefore, continue to be well above the same period in the prior year.

The latest share surge caps a stellar 2017 for the Nottingham-based company. Its stock market valuation is now 200 per cent higher than what it was at the start of the year.

Read more: Games Workshop shares leap 10 per cent on dividend announcement

Games Workshop makes a series miniature tabletop games, including Warhammer and the Lord of the Rings Strategy, and licences the characters out to print and online media.

If there is ever proof that there's money to be made in war (even the miniature, gaming kind) then this appears to be it. Games Workshop shares are the best performer on the FTSE All-Share. They trounce second-placed copper miner Kaz Minerals, which has returned a comparatively weak 134 per cent since the start of January.

Shares spiked in September after Games Workshop announced a dividend of 35p per share and a similarly positive vibe on the trading front.

Previously, Games Workshop has been cautious about strong financial performance continuing indefinitely.

In July, while guiding profits would likely be above market expectations, its statement highlighted: "The board remains aware that there is some uncertainty in the trading periods ahead for the rest of the 2017/18 financial year."

Read more: Warhammer maker plays to win as profits double

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