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Games Workshop published their yearly Financial Statement today (25 July 2006), and it can be viewed here: Financial Statement.
So, now we don't have to rely on wild speculation and dodgy rumours as to where GW is headed, we have the most accurate information available. Do please read the Chairmans Preamble at least.
Ryan Dancey, Vice President of Wizards of the Coast, believed that TSR failed because of "...a near total inability to listen to its customers, hear what they were saying, and make changes to make those customers happy." Are you listening, Games Workshop ?
So thats why they keep raising the price! I just thought they were greedy! (Just Kidding!) Well hopefully our favorite game company will not experiance losses! (Heavan Forbid!)
That was a good find and a great read. Thank you for posting.
Man, the LOTR bubble really did burst last year.......
Think this is good? Rep me and click the star
"You dont start learning until you're stuck or acknowledge your mistakes"
look at the share earnings 04 compared to 06
Originally Posted by Cheredanine
Well Chaps it would appear of those that did understand the FS for this reporting period are somewhat suprised at the fall in Ordinary Stock... but did anyone see the preferred stock divi a non exec gets 70,000 a year not bad when unit cost is 4 cents
It makes sense to me. Nothing to be alarmed about in the reports. It all looks pretty healthy to me.
It is exactly what you would expect to see given recent history. A big upswing in growth from the licencing of a major property (LotR), then the drop off as the mass market moves away from that property. Now we see a return to previous levels of performance, which will be expected to dip below the pre-LotR years, as that line not only brought in new customers, but also cannibalised some what from the WH / WH40 market, it will drop a little more a bet in 2007, but then we'll see a return to the previous trends (unless anything unforseen occurs).
The prices are going up... big shocker... where arn't prices going up these days (except in lower/middleclass incomes - which is nothing new, it always lags)? Energy and material costs are going through the roof everywhere, profit margins must be maintained or investors are scared away, more so than 'growth' factors would do.
Given all the recent capital investment in production and manufacturing the production costs will be kept undercontrol - they invested well there - streamlining production / materal needs / energy requirements just before the recent energy price crunch.
As long as the games stay fun, the mini's look good, we tell our friends about the fun times - GW will be around a long time.
Here ends my totally amateur analysis of the GW financal report.
I must say I do love the pre-ambles, they really let you know the spirit of the company with the jovial writing style, where most companies reports are dry and boring.
Sounds good to me. Kind of make you understand the price increases...
anyone see just how much the two top execs got paid?....
total +500,000 GBP (without pension, or bonus)
While I know high salaries are the order of the day for publicly held companies,
It always amazes me that investors put up with huge payday's for the top execs even
in BAD years (like when their salaries are over 13% of the pre-tax profits!!!) Of course, if comp. performance was directly tied to how much the big-wigs got paid, we'd have EVERY conpany crooked as h*ll and trying to screw us, instead of NEARLY EVERY
If they killed off the top two exec's salaries and compensation packages, they could lower the retail price of every unit sold by over a GBP!
Last edited by artificer; July 26th, 2006 at 01:14.
Baby, when I'm the voice of reason, we've got problems!~artificerSomeone should stop
Jervis "let's make it easy enough for a 3 year old to play" Johnson
before he turns 40k into checkers~anon
Good read. Makes sense to me.
No additional comments.
*Goes back to lounging on the couch*