Todd's MOI Presentation on Games Workshop
A recent presentation covering Games Workshop's entry into nostalgia-driven IP that suggests durable cash flows and ROIC
It was great to be back at the Manual of Ideas (MOI) Wide-Moat Investing Summit this year.
My presentation this year was on Games Workshop (LON: GAW), which we covered here at Flyover Stocks in May.
Thanks to the generosity of MOI’s chairman, John Mihaljevic, my presentation is available for Flyover Stocks subscribers.
You can view my presentation by clicking here.
Please note that in the valuation discussion, I didn’t properly carry a decimal place (UK shares are priced in pence rather than pounds) and misspoke in saying that GAW was worth between £12 and £14. I meant £120 and £140 (GBp 12,000 and 14,000).
Your feedback is welcome and appreciated. Feel free to post your comments below or contact me directly.
At the time of publication, Todd, his family, and/or KNA Capital Management owned shares of Games Workshop.
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