So, what’s going on? And after that kind of gain, should investors consider taking some profits off the table?

Why the share price has popped

The reason the tech stock has soared today is that Keywords has released a statement in relation to a possible takeover offer. That comes from European private equity group EQT at a price of 2,550p.

In the statement, Keywords said that the possible offer follows four previous unsolicited proposals from EQT in recent months, all of which it rejected.

The new price, however, represents a significant increase from the initial proposal. And after carefully evaluating it, the company’s board would be “minded to recommend” it to shareholders. That is, of course, should a firm intention to make an offer be announced.

It’s important to note here that no official offer has been made yet. Takeover regulation states that EQT has until 5pm on 15 June to say whether it will make one or not.

I’m not surprised

I’m not shocked by this development.

Just last week, I wrote that Keywords Studios shares were cheap.

I noted that analysts at Deutsche Bank had a price target of 2,470p on the growth stock. That’s around 90% higher than the share price at the time.

This potential offer from EQT is very close to that price.

After the share price jump today, the stock trades on a forward-looking P/E ratio of about 22. I think that’s a fair valuation.

The best move now

I don’t own the shares at present.

I have held them in the past but I sold in 2022 near 2,520p. And I made a decent profit.

If I owned them today, however, I’d probably sell some or all of my holdings now.

The reason I’d take some money off the table now is that, as I mentioned earlier, no official takeover offer has been made by EQT.

So, there’s no guarantee that a deal will go through here.

If EQT decided after due diligence that it wasn’t interested in Keywords Studios, the shares may plunge.

I’d rather take a share price of around 2,375p today. It’s 63% higher than the closing price at the end of last week. So why would I wait around and maybe (or maybe not) get 2,550p, only about 7% higher?

But that’s just me.

This ‘bird in the hand is better than two in the bush’ approach isn’t going to suit everyone.

Further gains?

It’s worth pointing out in the statement today, the company wrote: “Keywords Studios shareholders are strongly advised to take no action.”

This could indicate that the company believes another bidder may emerge.

In the past, I’ve missed out on gains when this has happened (with Sky shares).

But there have also been times where I’ve also regretted not selling after initial takeover speculation (with GB Group shares).

Such situations can be hard to navigate as one never really knows how they’re going to play out.

Maybe the best approach if I still held the shares today would be to sell half my holding now and hold on to the rest to see how the situation plays out.

The post The Keywords Studios share price just jumped 63%. Time to sell? appeared first on The Motley Fool UK.

In recent years, the small- and mid-cap areas of the UK stock market have really underperformed. As a result, a lot of smaller British growth stocks look cheap right now.

One stock that looks interesting to me is video game services specialist Keywords Studios (LSE: KWS). According to analysts at Deutsche Bank, it has the potential to rise 89% from its current levels.

An undervalued AIM stock

I’ve owned this AIM-listed growth stock in the past. And I’ve done very well from it. Back in October 2019, I bought some shares in Keywords Studios when they were trading around the 1,140p level. Three years later, I sold them at a price of 2,520p, notching up a gain of about 120%. That translates to an annualised return of about 30%.

Looking at the stock today, I’m surprised to see that it’s back at 1,310p. At that share price, the company’s forward-looking price-to-earnings (P/E) ratio is only 12.4. That seems very low to me, given that Keywords’ revenue is forecast to rise by about 16% this year.

It seems Deutsche Bank’s analysts agree with me. On 9 May, they initiated coverage of the stock with a Buy rating and a price target of 2,470p.

In a growth industry

One thing I like about Keywords is that it operates in an expanding industry. According to the company, industry forecasts point to continuing long-term growth in the video gaming market, with growth in the content creation segment expected to be above the overall market. External service provision – which Keywords specialises in – is expected to be the fastest-growing segment, with a five-year compound annual growth rate (CAGR) of over 9%.

On the downside, the video gaming market can be cyclical at times. For example, after a few strong years, the market was mixed in 2023 as game publishers focused more on profitability than on taking risks around new content. This led to an increase in the number of games being delayed or cancelled.

Improving market conditions

Looking at the company’s recent results, however, management appears to be relatively optimistic in relation to the medium-term outlook.

“As we move into 2024, we expect a gradual improvement to market conditions and we remain confident in the medium-term market backdrop,” said CEO Bertrand Bodson.

“We expect to deliver strong revenue and profit growth and further extend our market leadership position in 2024,” he added.

It’s worth noting here that the company increased its dividend by 10% in its full-year results. A dividend increase of this magnitude is generally a signal that management is confident about the future.

Given management’s commentary and the dividend increase, there may be an opportunity to consider right now.

AI risk

The big risk with this stock, in my view, is generative artificial intelligence (AI).

This technology can do a lot of amazing things today, including a lot of things Keywords has traditionally done for its customers like video game artwork, translation, localisation, and marketing.

So, there’s some uncertainty in relation to Keywords’ future revenues. Looking ahead, we could see game developers doing more work in-house.

I reckon a lot of uncertainty is priced into the stock already though. At a P/E ratio of 12.4, I think this growth stock is cheap today.

The post This out-of-favour UK growth stock could rise 89%, according to City analysts appeared first on The Motley Fool UK.

But this behaviour can also lead to interesting opportunities for long-term investors, especially when shares start trading near their 52-week low.

Seeing a once-thriving stock plummet to near its lowest point in a year tends to indicate one of two things. Either there’s something fundamentally wrong with the underlying business, or overreacting investors have created a buying opportunity. And in the case of Keywords Studios (LSE:KWS), I think it might be the latter.

What’s going on?

Keywords operate at the heart of the video game development industry. Working behind the scenes, it supplies critical talent to the biggest studios in the world, helping across the entire development pipeline from 3D modelling and programming to localisation and quality assurance.

This ‘picks and shovels’ enterprise has been a stellar performer over the last decade, with its market capitalisation growing by 900% since 2014! But lately, the growth stock hasn’t exactly continued this upward trajectory. On the back of the current economic landscape paired with a series of worker strikes in the US, growth has slowed significantly in 2023 to just single digits. And at the same time, operating profits have tumbled by nearly 35%!

Needless to say, that’s not an encouraging sign, especially after such a long winning streak. As such, I’m not surprised to see the share price has been almost slashed in half over the last 12 months. But is this all about to change?

Navigating cycles

Like other industries, video games operate in a cycle. Since modern titles can carry a fairly lofty price tag, gamers are becoming increasingly picky over where they will spend their money. This is especially true given the ongoing cost-of-living crisis here in the UK and abroad.

Yet this isn’t a risk that Keywords has direct exposure to. Don’t forget, regardless of the success of a title, Keywords still get paid. And the headwinds management has had to navigate in 2023 have already started to subside. That’s probably why CEO Bertrand Bodson has just reaffirmed the company’s revenue outlook of reaching €1bn within the next few years.

Acquisitions continue to play a crucial role in Keywords’ strategy. And such deals come paired with a lot of risks since there’s never any guarantee that performance expectations will be met post-transaction. Yet, management has so far proven its prowess at vetting takeover targets, as well as delivering long-term organic growth and value creation to shareholders.

The bottom line

With Keywords Studios trading near its 52-week low, the forward price-to-earnings (P/E) ratio for this growth stock now sits at just 13. That’s the cheapest this stock has looked in over a decade. And with tremendous long-term potential still ahead for this enterprise, it’s looking like it could be one of the greatest bargains on the London Stock Exchange today. At least, that’s what I think.

The post Nearing 52-week lows, this growth stock could be the bargain of the year! appeared first on The Motley Fool UK.

For example, the UK is officially in a technical recession, and the political landscape is heating up with an upcoming general election.

While there’s some cause for concern in the short term, the long-term picture for many beaten-down enterprises continues to look promising. And it seems other analysts agree as predictions from the Economy Forecast Agency indicate the FTSE 100 could climb by 10% to a new record high by the end of 2024.

Forecasts always need to be taken with a pinch of salt. But if this proves accurate, then March could be a terrific time to start snapping up shares, especially with the April ISA deadline just around the corner.

Finding the best shares

The political impact on businesses can be significant in the short term. But provided the underlying company is well-capitalised and already preparing for different election outcomes, the long-term impact often ends up being negligible.

Therefore, instead of hunting for firms set to benefit or suffer depending on which party takes power, investors should focus on underlying qualities and competitive advantages. In the end, these are the factors that have the most influence over the success of an enterprise.

A company with a well-funded balance sheet, a promising product or service, and a sound long-term strategy is far more likely to deliver impressive returns in the long run. And that’s why Keywords Studios (LSE:KWS) continues to be a top pick for my portfolio right now.

Opportunities in gaming

The video games industry has endured its fair share of challenges lately. Apart from the various worker strikes, the cost-of-living crisis has diminished short-term demand, hitting the breaks on growth. That would certainly help explain the 50% decline in Keywords Studios’ share price over the last 12 months.

Yet a closer inspection of the group’s financial performance paints a different picture. Revenue growth for the year came in 17% higher on a constant currency basis. And while Keywords ended up suffering a direct cost of €20m from the US strikes, adjusted operating profit is set to land higher at €122m versus €114.6m a year ago.

Something that seems to have investors on edge is shrinking profit margins. After all, at the end of 2023, they stood at 15.6% versus 16.6% in 2022 and 17.3% in 2021. However, the guidance suggests this decay is coming to an end, with margins expected to stabilise in 2024 before starting to recover alongside the gaming industry as a whole.

In other words, the worst may now be over for this business. And providing no other spanners are thrown into the works, investors may be looking at a terrific long-term buying opportunity this month.

The post Is March a can’t-miss chance to become richer with UK shares? appeared first on The Motley Fool UK.

[Just beginning your investing journey? Check out our guide on how to start investing in the UK.]

FRP Advisory Group

What it does: FRP Advisory Group helps businesses in difficult situations in areas such as restructuring and accountancy.

By Muhammad Cheema. Unfortunately, due to the tough economic times we find ourselves in, businesses are struggling.

According to the Department for Business, Energy and Industrial Strategy, insolvencies increased by 13% year on year (YoY) to 6,342 in the second quarter of this year.

While this isn’t great for most businesses, it is for AIM stock FRP Advisory Group (LSE:FRP).

Its expertise in helping troubled businesses with services such as restructuring, insolvency, and financial advisory means that it’s likely to thrive in the current environment.

It has been experiencing a surge in growth. In the latest quarter, revenue increased 18.8% YoY. What’s even more impressive is that earnings grew by 49.2% YoY.

My one concern with the company is that it’s trading with a price-to-earnings (P/E) ratio of 21, which is quite expensive.

However, it’s growing very strongly and if the economy continues to struggle, I believe it will provide great returns to investors in 2024.

Muhammad Cheema does not own shares in FRP Advisory Group.

Jet2

What it does: Jet2 is a British budget airline operator, catering to short haul destinations mostly around Europe.

By Jon Smith. The travel and tourism sector is one that I’m bullish about as we start 2024. Therefore, I like Jet2 (LSE:JET) as a way to express this view.

The low-cost airline operator was hit hard by the pandemic, but finally the tide is turning. Over the past year, the stock is up 37%, as company financials improve. The half-year 2023 report showed that operating profit is now back above pre-pandemic levels.

Looking ahead, it commented that “current seat capacity for Summer 2024 at 17.19m seats is approximately 12% higher than Summer 2023”.

I think that there could be good potential for the AIM-listed stock to rally over the coming year. I do note that there’s stiff competition in this sector, particularly in the budget category. This could cause margins to be cut. Yet given the seat capacity for next year is already looking promising, it appears this risk is being contained.

Jon Smith does not own any of the shares mentioned.

Keywords Studios

What it does: Keywords Studios is a leading provider of technical and creative services to the video game industry.

By Edward Sheldon, CFA. Keywords Studios’ (LSE: KWS) share price has taken a huge 50%+ hit recently and I think the AIM stock is oversold.

The share price has fallen because of fears over generative artificial intelligence (AI). Investors are concerned that this new technology (which can do some amazing things) could reduce demand for services Keywords Studios offers such as art design and language translation.

This certainly is a risk to consider. However, I believe the fears are overblown.

Keywords Studios is active in the AI space itself and has been responsibly harnessing the technology for a number of years. Meanwhile, management said recently that it was excited about the opportunities that lie ahead.

With the shares currently trading on a price-to-earnings (P/E) ratio of less than 15, I think the risk/reward proposition here is very compelling as we start 2024. That’s a low valuation relative to the growth the gaming company is generating.

Edward Sheldon has no position in Keywords Studios.

Windward 

What it does: Windward is a software company that operates a predictive maritime analytics platform.

By Ben McPoland. I think shares of Windward (LSE: WNWD) are well worth considering in January. This £72m firm operates a leading AI-powered predictive platform for the global maritime industry. It helps its customers manage risk by providing real-time intelligence relating to things like sanctioned vessels and potential drug smuggling.

Since the EU’s sanctions on Russia (and other regimes), identifying deceptive shipping practices has become increasingly important. This is benefiting Windward. It secured 48 new commercial customers during H1, almost as many as in the whole of 2022. And its revenue jumped 18% to $12.8m while its annual recurring revenue is also building nicely.

Now, I should point out that Windward is based in Israel. It says the tragic events there haven’t affected trading and its offices remain open. But it’s worth noting because the risk of the conflict spreading can’t be ruled out, unfortunately.

That said, I’m very encouraged by the AIM stock’s progress. It expects positive EBITDA  in 2025 and the shares are trading at a reasonable 3.8 times sales. I’m planning to invest.

Ben McPoland does not own shares of Windward.

The post Best AIM stocks to consider buying in January appeared first on The Motley Fool UK.

Here, I’m going to highlight three top AIM stocks for investors to consider for 2024. All three of these businesses are already profitable (which significantly reduces risk) and look set for strong growth in the years ahead.

Cerillion

First up is Cerillion (LSE: CER). It’s a fast-growing technology company that specialises in back-office software for telecoms companies.

This company has been a phenomenal investment in recent years. Thanks to strong sales growth, its share price has more than tripled over the last three years.

I think there’s plenty more to come from the company, however.

In a recent update, CEO Lewis Hall said that the market backdrop remains “extremely favourable”.

“In a slower growth environment for telcos, the need to extract more revenue from existing assets and improve operational efficiency are just as important drivers for improving or replacing the enterprise software layer as investment in new 5G and fibre infrastructure,” he noted.

The downside to this stock is that it has a high valuation. Currently, the forward-looking price-to-earnings ratio — or P/E ratio — is about 30. This adds risk.

If the company can continue to generate strong growth, however, I think the stock is likely to keep rising.

Keyword Studios

Next we have Keywords Studios (LSE:KWS). It’s a leading provider of technical and creative services to the video game industry.

Keywords Studios has a great track record when it comes to growth.

However, recently, it has seen its share price plummet on the back of concerns that artificial intelligence (AI) could disrupt its business model.

I do see AI as a risk here. Generative AI can do some amazing things these days.

That said, I think the stock is oversold.

Recent results showed that the company is still growing at a healthy rate (10% organic revenue growth for the six-month period to 30 June).

And management said it was excited about the opportunities that lie ahead.

With the shares currently trading on a P/E ratio of just 13, I think the risk/reward proposition is compelling heading into 2024.

Alpha International

Finally, the third AIM stock I want to highlight – and it may not be an AIM stock for much longer – is Alpha International (LSE: ALPH). It’s an up-and-coming financial services company that specialises in foreign exchange risk management and payments solutions.

Successful investing is often about backing visionary leaders (just ask anyone who invested in Tesla a decade ago). And that’s one reason I like this company.

In recent years, founder and CEO Morgan Tillbrook has done an immense job of growing this business (five-year revenue growth of 630%). And with Tillbrook at the helm, I expect the firm to keep growing.

Another reason I’m bullish here, however, is that the company is planning to move from AIM to London Stock Exchange’s main market in 2024. I think this could increase interest in the stock.

This one has historically been very expensive. Yet recently, the P/E ratio has come down below 20.

That’s still not cheap, meaning there’s valuation risk. However, I think it’s an attractive valuation for this fast-growing business.

The post 3 magnificent AIM stocks to consider buying for 2024 appeared first on The Motley Fool UK.

As frustrating as this is to see, I haven’t lost any sleep at night. That’s because short-term volatility isn’t actually a problem when taking a long-term perspective. I’m not interested in what’s going to happen a few months or even years from now, but rather how the next decade is going to shape up.

With that in mind, I’ve been using the recent volatility to top up on my existing positions. In fact, in some cases like Shopify, I’ve been waiting years for a chance to add more shares at a sensible valuation. And there are plenty of British companies I’ve been busy buying as well.

A massive turnaround play?

One business that I’ve owned for many years now is Keywords Studios (LSE:KWS). The picks-and-shovels company provides the critical talent used by the world’s largest game development studios to complete projects.

The video game service industry is highly fragmented. But with management continuously executing bolt-on acquisitions over the years, Keywords now offers solutions across the entire development pipeline, including asset creation, programming, localisation, and bug testing, among others.

With the recent hype surrounding generative artificial intelligence (AI) models, investors are getting increasingly concerned about the potential long-term redundancy of Keywords’ role in the industry.

But the existing technology still has a long way to go before it poses a real threat. And Keywords has already been positioning itself to adapt to the introduction of AI technologies in the long run.

Another recent stumbling block to performance has been the ongoing SAG-AFTRA strikes in the US that have had knock-on effects on the game development industry. But given this is ultimately a short-term slump, I don’t think it merits the Keywords’ near-50% drop since the start of 2023.

And that’s why, in my mind, a terrific buying opportunity has emerged, especially considering the growth stock has traded at a premium for years.

Capitalising on ISA-boosting opportunities

Keywords isn’t the only company I’ve been topping up on. Other firms in my ISA have seen similar or even greater downward pressure in the last couple of years. Yet the underlying businesses and their long-term strategies remain intact, even in a higher interest rate environment. At least, that’s what I think.

Capitalising on buying opportunities during a volatile market can be a bit tricky. After all, when emotions are driving the market, a heavily discounted stock can still fall further. That’s why I’ve been drip feeding my capital over time, ensuring I always have capital at hand to take advantage of better buying opportunities as and when they emerge.

The post My Stocks and Shares ISA has slumped, but I’m loving it! appeared first on The Motley Fool UK.

That includes the companies that are seemingly chugging along nicely, despite what the lacklustre share price performance would suggest.

For investors fortunate to have lump sums to invest right now, here are two enterprises from my portfolio that look like solid buying opportunities, in my eyes.

Video games aren’t going away

For years, Keywords Studios (LSE:KWS) was a gaming darling. The talent services firm was a picks-and-shovels approach to investing in the high-growth industry without taking on excessive risk.

The main problem with investing directly in game development studios is the financial damage that a title flop can cause. After all, creating a video game isn’t cheap. And if gamer expectations aren’t met, it can sometimes lead to the demise of an entire studio.

But with Keywords, that’s not the case since the group gets paid regardless of the critical reception.

Even in 2023, demand for video games remains robust. Or at least that’s what the group’s double-digit sales growth and profit margins would suggest. And yet the stock is down over 40% since the start of the year! What’s going on?

There’s no clear single explanation behind this downward pressure. Having traded at a lofty premium for years, such volatility isn’t too surprising.

However, from what I can tell, investors are getting increasingly nervous about artificial intelligence (AI). With generative AI models stealing headlines, there are some valid concerns that the group’s business model could be disrupted.

However, personally, I think people may be jumping the gun. AI has been used in video game development for over a decade. In fact, Keywords owns some of the biggest related tools in the industry, such as Yokozuna Data and KantanAI.

And with management still actively investing in this space, the company appears to be making the right moves to adapt and capitalise on the technological shift. That’s why, despite the overall pessimism, I remain optimistic about the long-term potential of this business.

Digital ads’ winter is thawing

Like many industries, digital advertising is cyclical. With the explosive rise of e-commerce following pandemic lockdowns, dotDigital (LSE:DOTD) saw its growth explode in a few short months. Inevitably, the momentum came grinding to a halt when inflation began to rear its ugly head. And with it, the stock price tanked.

Shares are down 70% since its September 2021 peak as growth evaporated, from high double-digits to low-singles. Much like Keywords, the company carried quite a lofty valuation, laying the foundation for such levels of volatility.

But the latest trading update shows that growth seems to be steadily creeping back in. And as businesses steadily ramp up their advertising budgets, sales and earnings are rising once again.

The group still has to contend with fierce competition. And many of its rivals are far larger, such as Intuit, following its acquisition of Mailchimp.

Yet rising average revenue per customer indicates that dotDigital is proving its value to clients. And at a P/E ratio of 23, the stock looks like it’s trading at a more sensible valuation to bolster my existing position.

The post 2 FTSE growth stocks I’d put £1,000 in today appeared first on The Motley Fool UK.

At £15.10 per share, the company — which provides technical and creative support to the video games industry — has sunk 44% in value since 1 January.

Keywords provides services to some of the world’s biggest games developers. It supplies visual and audio content, checks for software glitches, provides player support, and translates and localises products for different markets.

The big question facing the company is: why would a games studios pay Keywords to do any of this, when generative AI could do it much more cheaply and quickly?

There’s more to this than meets the eye, however.

Still impressing

Despite a recent weakening in consumer spending, demand for video games has remained robust. This has in turn continued to power demand for Keywords Studios’ services.

Revenues at the firm rose 19.4% in the six months to June, to €383.5m, latest financials showed. This was up 10.4% on an organic basis, a result that pushed adjusted earnings to €77.3m, a 10.3% year-on-year improvement.

I first bought Keywords shares to make money from the booming games industry. It’s a market in which it has a proven track record of success (sales have more than doubled since 2019). And it is one which is tipped for further sustained growth, as the graph below shows.

And with a market share in mid-single-digit percentages, the firm has plenty of room for growth. So should I increase my holdings in the business?

The AI threat

As an investor I need to weigh up the threat posed by generative AI to Keywords Studios versus the opportunity of increasing entertainment software demand.

On the plus side, the company is investing heavily in AI itself to exploit this tech revolution. And it is so far making a successful foray into this new frontier. The firm has three divisions that use machine thinking to test software, localise content, and provide player support.

However, it’s far from certain that its customers will still want to use Keywords’ services instead of doing these tasks themselves. What’s more, even if volumes hold up, the cost to serve that Keywords enjoys on certain projects may steadily decline as technology improves efficiency.

The verdict

So to answer my earlier question: is the Keywords Studios share price too cheap to miss?

City analysts reckon earnings will rise 1% in 2023, leaving the company trading on a price-to-earnings (P/E) ratio of 15.3 times. This is far below the company’s long-term historical average close to 30 times. But of course it hasn’t faced a challenge quite like that posed by AI in years gone by.

As machine learning and thinking becomes more advanced, big trouble could be coming down the line at Keywords. But on the other hand, business volumes could rise as AI makes games more sophisticated and raises development requirements in other areas. It’s just too early to say.

At this point, I’m happy to cling to my Keywords shares. But I won’t be adding to my position just yet, even at current prices.

The post Down 44%, is the Keywords Studios share price a brilliant bargain? appeared first on The Motley Fool UK.

In my opinion, Nvidia is a fantastic company. However, even the best enterprises can still be terrible investments if the price paid is too high. And given the semiconductor stock is currently trading at a P/E ratio of 120, the valuation looks utterly unsustainable in my eyes.

Fortunately, Nvidia isn’t the only growth company on the stock market. And here in the UK, plenty of fast-expanding businesses are trading at far more reasonable valuations. Some even look cheap!

With that in mind, let’s look at two UK shares I believe are far better buys than Nvidia today.

An unloved picks & shovels play

Until recently, Keywords Studios (LSE:KWS) was a darling among British growth investors. The group provides critical talent services to the video game industry, working with some of the world’s largest studios. It provides solutions to the entire development pipeline, from 3D modelling to programming, localisation, bug testing and more.

However, with the rise of generative AI, it seems many investors are getting nervous about the group’s long-term potential. After all, if a machine can replace the role of humans, Keyword’s business model may be disrupted. As such, the shares are down over 30% in the last 12 months.

While some concern is justified, I think investors may have jumped the gun. For starters, the management team isn’t blind to this threat and has already been investing in implementing AI tools and solutions for years. In the meantime, the group continues to impress.

In its half-year trading update, sales are still up by double-digits while profit margins remain intact. And with the stock now trading at a forward P/E ratio of 15, Keywords looks like a dirt cheap growth stock in my eyes.

In the grim darkness of the 41st millennium, there is only profit

Considering the UK is in the process of narrowly avoiding a recession, buying expensive tabletop miniatures seems like an unlikely priority for most households. But Games Workshop (LSE:GAW) begs to differ. The creator of the Warhammer universe continues to post record sales and profits as hobbyists can’t get enough of the addictive game.

In the 12 months leading to May this year, sales increased by £56m, reaching £470.8m, with operating profits landing at £170.2m. That’s the highest level reported in the history of the entire company. And it was achieved in the middle of a cost-of-living crisis.

With no debt on the balance sheet, the group appears to be in tip-top shape. Of course, should the British economy take a turn for the worse, the group’s current resilience could be tested, potentially causing growth to stagnate. But given Games Workshop’s impressive track record, that’s a risk I feel is worth taking.

The post 2 UK growth stocks I’d buy over Nvidia appeared first on The Motley Fool UK.