Stock Spotlight: Games Workshop still a good play

IP spat affected value

Hobbyist retailer and FTSE 250 constituent Games Workshop has grown exponentially in recent times, with its share price rising 1505% over five years, but a recent spat regarding its stance on intellectual property has put pressure on its value, despite delivering in line with forecasts.

The conflict stems from the company's tightening grip on its "much-loved" portfolio of characters and stories, along with protecting its miniatures from potential scammers with 3D printers, which has caused an upset within a section of its devoted community that enjoys producing fanfiction and films. Since the group announced its Warhammer+ subscription service in June 2021, which offers customers a range of perks including an animated series based on the lore, and began to issue cease and desist orders, the share price has fallen more than 25%. Stock Spotlight: Has the shine has come...