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From a UK financial investor site, it's moderately interesting and runs counter to doomsaying last year the company was going bust :
Dare You Roll The Dice With Games Workshop? - 28/07/2009
Enjoy. (If you like finance !)
Plan B is not automatically twice as much explosive as plan A
Oddly, I enjoyed that. Thank you.
And thank god for rising commodity prices I say. Nothing like an unstable market for gamers getting what they want.
Inquistion force WIP. Pics on posts 17 and 23.
Interesting, and encouraging to see that GW really isn't circling the drain, like some have occasionally whispered fears of. Also nice to see they're not entirely stupid. Killing more than 80 percent of your debt is smart, especially in this economy.
Still:Let's see: Rising prices, denuding their own trade magazine, killing off half of the online content when they "improved" their Web sites, giving nothing more than a wink and grin when asked when they will update 5+ year-old codices/army books, and closing store after store (in the US, anyway). Yyyyyeah...More usefully[SIC] for investors, Games Workshop is also reconnecting with its army of hobbyist fans.
Glad to see them branching out and getting rewarded for it. I don't like to see them profiting from cost-cutting, but everyone has to do what they have to in these economic times so I'll tolerate it.
I hope this means we will see some doubled efforts to produce better quality magazines, more free website articles, and get those new codexes/new models out sooner.
Lets see then.
They made 12 million from currancy variations.(Not £500.000 as quoted.)
They made 3.5 million from licencies.
They are trading at about the same level as they were in 2003.
Despite rasing prices by 30% OVER inflation.
So six years later they have 30% less customers/volume of sales, the majority of thier profit is made up of licences and currency adjustment .
They still spend half thier overhead cost on B&M stores that ONLY attact 20% of customers.
Albert Einstien defined insanity as repeatedly preforming the same actions and expecting different results.
GW repeately increased prices , which reduces customer base , so GW increace prices to make up for lost customers which loses more customers so they put up prices!
I hope GW eventualy find a way to increase profits by growing thier customer base, rather than repeatedly 'wallet rapeing' the ever dwindling numbers of customers they have left.
Most other plastic minature manufacturers capitalise on economies of scale.
They sell higher volume at lower prices.
Perry Minatures, (yes the Perry Twins,) sell 40+ minatures for £17.
Yes they are as good and have as many options , but a fraction of the price.
Hi Mr Biscuits.
Perrys Minatures mainly produce historical minatures.But they can be used in games of WH /40k with some conversion.
I do like thier new farm house with 66cm of fencing for £12.
Just to point out I got the price wrong the plastic boxed sets were £14 for 35 -40 minis.
The have just put the price up to £15.
Hopefully they will produce thier middle ages range of minatures soon , so I can get a WH Empire army without having to sell a kidney to finance it!
Last edited by Lanrak; August 7th, 2009 at 19:53.
maybe it's redundant to say this but i can't believe they would be in such financial trouble when they're selling things for more than double what the other models in hobby shops go for and people still buy it anyway
old car with more plastic and more pieces than a baneblade - $40