Uncertainty at Games Workshop Group

It seemed rather strange that Games Workshop Group should have ruled itself out of the competition to win the ‘Turnaround of the Year’ category in the annual Plc awards run by the FT, having been shortlisted.

The thing to conclude from this is that its management did not want to win because it did not believe the company would have justified the classification of having been turned-around. This suggests the judges made a mistake in shortlisting the company.

I don’t believe this to be the case. The judges of such a high profile awards are surely no fools. A more plausible conclusion to read from this unusual situation is that there are surprises on the cards for Games Workshop Group shareholders and that these are unlikely to be good surprises. Management did not therefore want the embarassment of winning such an award.

Unless of course I have simply missed something blindingly obvious.