Picture supply: Getty Photographs
World markets look a bit shaky proper now, with conflicts escalating, oil costs climbing and new tariffs making every little thing dearer. Whereas it’s not an excellent state of affairs by any measure, it may very well be an opportunity to seize some high quality FTSE 100 shares at a reduction.
When this type of mixed strain builds, it usually sends share costs tumbling. Scary stuff — however solely for individuals who aren’t ready.
With a bit of money put aside, I’ve acquired my eye on two shares I’ve needed to purchase for a while: Antofagasta (LSE: ANTO) and Video games Workshop (LSE: GAW).
Each commerce on sky-high multiples — Antofagasta at 37.6 occasions earnings and Video games Workshop at 27.6. Meaning they’re priced like development stars, leaving little room for extra features until every little thing goes completely. That’s a threat I don’t wish to take, until the costs dip a bit.
Right here’s why I’m bullish on these two Footsie superstars.
Antofagasta
This Chilean copper miner extracts the valuable crimson metallic wanted for every little thing from EVs to energy grids. In its newest full-year outcomes for 2025, earnings jumped 55.4% year-on-year and income rose 26.3% to $8.6bn. This was due to larger copper costs and robust by-product gross sales like gold and molybdenum.
EBITDA hit a document $5.2bn, up 52%, exhibiting strong price management at the same time as capex peaked at $3.7bn for development initiatives.
Debt-to-equity sits at a manageable 0.74, and a P/E development (PEG) ratio of 0.69 suggests the excessive earnings a number of is perhaps justified by anticipated development.
Nevertheless, rising power prices from oil spikes might squeeze margins. Different dangers embrace copper value drops if a crash hits commodities exhausting, or delays in massive initiatives just like the current Centinela enlargement.
Nonetheless, with copper demand set to growth with renewable electricfication developments, I anticipate massive issues from Antofagasta.
Video games Workshop
Video games Workshop designs and sells Warhammer miniatures, books and video games — assume hobbyists constructing armies of tiny fantasy warriors. Sounds area of interest, however it’s wildely standard.
Its half-year outcomes to November 2025 confirmed core income up 17% to £316m, with working revenue rising to £126m on a stellar 69% gross margin. Return on fairness (ROE) is a formidable 67.9%, web margin 31.7%, and debt is tiny at simply £49m, giving it a strong stability sheet.
Nonetheless, the specter of tariffs and provide chain points might hit prices. The principle threat is slowing interest gross sales if customers minimize enjoyable spending in a downturn, or flops in new releases just like the current House Marine video games.
Happily, the three.24% dividend yield provides some earnings on high of development, and licensing offers like video video games promise further income.
Preparation is vital
If markets crash, having money put aside can present a uncommon probability to seize these high FTSE 100 names at a discount. Antofagasta for its high-demand copper development potential and Video games Workshop for its loyal, income-driving shopper base.
They’re not low-cost proper now, however a 20%-30% drop would make these valuations way more palatable. That would offer a good entry level to refill on two confirmed earners with promising futures.
For UK buyers, a average value dip would make them effectively value contemplating for a long-term growth-focused portfolio.
Picture supply: Getty Photographs
World markets look a bit shaky proper now, with conflicts escalating, oil costs climbing and new tariffs making every little thing dearer. Whereas it’s not an excellent state of affairs by any measure, it may very well be an opportunity to seize some high quality FTSE 100 shares at a reduction.
When this type of mixed strain builds, it usually sends share costs tumbling. Scary stuff — however solely for individuals who aren’t ready.
With a bit of money put aside, I’ve acquired my eye on two shares I’ve needed to purchase for a while: Antofagasta (LSE: ANTO) and Video games Workshop (LSE: GAW).
Each commerce on sky-high multiples — Antofagasta at 37.6 occasions earnings and Video games Workshop at 27.6. Meaning they’re priced like development stars, leaving little room for extra features until every little thing goes completely. That’s a threat I don’t wish to take, until the costs dip a bit.
Right here’s why I’m bullish on these two Footsie superstars.
Antofagasta
This Chilean copper miner extracts the valuable crimson metallic wanted for every little thing from EVs to energy grids. In its newest full-year outcomes for 2025, earnings jumped 55.4% year-on-year and income rose 26.3% to $8.6bn. This was due to larger copper costs and robust by-product gross sales like gold and molybdenum.
EBITDA hit a document $5.2bn, up 52%, exhibiting strong price management at the same time as capex peaked at $3.7bn for development initiatives.
Debt-to-equity sits at a manageable 0.74, and a P/E development (PEG) ratio of 0.69 suggests the excessive earnings a number of is perhaps justified by anticipated development.
Nevertheless, rising power prices from oil spikes might squeeze margins. Different dangers embrace copper value drops if a crash hits commodities exhausting, or delays in massive initiatives just like the current Centinela enlargement.
Nonetheless, with copper demand set to growth with renewable electricfication developments, I anticipate massive issues from Antofagasta.
Video games Workshop
Video games Workshop designs and sells Warhammer miniatures, books and video games — assume hobbyists constructing armies of tiny fantasy warriors. Sounds area of interest, however it’s wildely standard.
Its half-year outcomes to November 2025 confirmed core income up 17% to £316m, with working revenue rising to £126m on a stellar 69% gross margin. Return on fairness (ROE) is a formidable 67.9%, web margin 31.7%, and debt is tiny at simply £49m, giving it a strong stability sheet.
Nonetheless, the specter of tariffs and provide chain points might hit prices. The principle threat is slowing interest gross sales if customers minimize enjoyable spending in a downturn, or flops in new releases just like the current House Marine video games.
Happily, the three.24% dividend yield provides some earnings on high of development, and licensing offers like video video games promise further income.
Preparation is vital
If markets crash, having money put aside can present a uncommon probability to seize these high FTSE 100 names at a discount. Antofagasta for its high-demand copper development potential and Video games Workshop for its loyal, income-driving shopper base.
They’re not low-cost proper now, however a 20%-30% drop would make these valuations way more palatable. That would offer a good entry level to refill on two confirmed earners with promising futures.
For UK buyers, a average value dip would make them effectively value contemplating for a long-term growth-focused portfolio.
