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Sydney Bottocks posted:Given some of the discussion in the main 40k thread, I wonder how much of that is just people buying the boxed sets so they can flip the mini rulebooks and sprues on eBay. I know a guy who made five or six hundred a week flipping Black Reach contents on eBay. When Blood Island came out he started doing those and made about the same amount. People be crazy for those bits.
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Jul 24, 2014 18:26
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Len posted:I know a guy who made five or six hundred a week flipping Black Reach contents on eBay. When Blood Island came out he started doing those and made about the same amount. They're fantastic for padding armies out. Two or so of those marine squads and you were good to go for a basic force, and the ork models were cheap and cheerful while retaining detail and poses.
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Jul 24, 2014 18:59
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Lord Twisted posted:They're fantastic for padding armies out. Two or so of those marine squads and you were good to go for a basic force, and the ork models were cheap and cheerful while retaining detail and poses. You could also slap on the extra burna arms and heads from your lootas box to get the maximum use out of those double-duty box sets.
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Jul 24, 2014 19:12
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http://investor.games-workshop.com/wp-content/uploads/2014/07/Chairmans-Preamble-2014.pdfquote:Games Workshop has had a really good year.
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Jul 28, 2014 17:16
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Kirby has been pushed to non executive chairman. This makes me very happy.
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Jul 28, 2014 17:22
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That letter sounds like a livejournal blog. Is that normal? If so I want to read comparable ones from, say, apple and Microsoft which should be a hoot.
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Jul 28, 2014 17:24
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" All this has significantly de-risked the business. We have far fewer key personnel to replace if need be, and a much lower cost base." Doesn't having fewer key personnel increase the risk? A stool with fewer legs, as it were?
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Jul 28, 2014 17:26
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moths posted:" All this has significantly de-risked the business. We have far fewer key personnel to replace if need be, and a much lower cost base." Works both ways. Less people that have to be 'managed' to maintain performance. Looks like the report is about to show up. I expect it tomorrow morning since it normally hits on a tuesday.
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Jul 28, 2014 17:27
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Yeah, sounds like he straight up go ousted and is like " You're getting rid of t he Steve Jobs of Miniature Wargaming business running". I think he missed the part where Steve Jobs also had incredible talent at very specific things. Saying "Hire attitude, not talent" is the dumbest loving thing someone can say. Pretty sure Steve Jobs made sure to hire people who were talented. edit: Also, how do you spend 6 million dollars on a website like that? Hollismason fucked around with this message at 17:33 on Jul 28, 2014 |
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Jul 28, 2014 17:30
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So GW has fired its CEO ahead of that earning report? Who's going to run the show now, and how bad does this suggest the earnings report really is?
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Jul 28, 2014 17:36
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He's stepping down in January.
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Jul 28, 2014 17:41
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Hahaha £4m on the website what the gently caress. The largest site I've worked on was far more complex in structure than GW's current site and ran about £150k before image licensing and re-branding. That included a custom CMS system to boot which I assume was also done for GW. I mean even higher-end pricing for the product photography would only add £50k maximum!? Sure he could be including the backend stock management & picking system in that figure, but that still would only tack on at most £100k-200k. Four million pounds. Oh how I'd love to see the complete set of itemisation invoices for that website.
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Jul 28, 2014 17:43
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It's probably how their hiding losses. Probably, I know someone mentioned it. I can't believe it would cost 4 million pounds either, now I am not up to date on website design but still that seems rather high.
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Jul 28, 2014 17:44
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Creepy Goat posted:Hahaha £4m on the website what the gently caress. The largest site I've worked on was far more complex in structure than GW's current site and ran about £150k before image licensing and re-branding. That included a custom CMS system to boot which I assume was also done for GW. I mean even higher-end pricing for the product photography would only add £50k maximum!? Are you factoring in purchase of servers and the leased line for that? They put the website in house, nothing external. Still rather high though.
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Jul 28, 2014 17:45
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I understand and encourage weighing a person's personality in the hiring process, but not even looking at the CV is incredibly irresponsible.
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Jul 28, 2014 17:47
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But hey, at least someone is worried about 3D printing six years after everybody realized it wasn't a threat.
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Jul 28, 2014 17:47
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Yeah, you seem legit. No I don't need to see a CV. Games Workshop hires charismatic child murderer as CEO
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Jul 28, 2014 17:51
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serious gaylord posted:Are you factoring in purchase of servers and the leased line for that? They put the website in house, nothing external. That's a good point, didn't realise it was hosted in-house. In that case it's also very likely they would have employed extra personel for maintenance etc. Perhaps the 4mil factors in minimum contract terms for the employees running the site and maintaining the servers?
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Jul 28, 2014 17:51
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I'm writing up a kick rear end letter to Games Workshop to be hired as their new CEO, since they don't need a CV, don't do any kind of reference and it's based off an interview. I will nail that poo poo to the wall.
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Jul 28, 2014 17:54
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quote:All this has significantly de- risked the business. We have far fewer key personnel to replace if need be, and a much lower cost base (£2 million p.a. less). It has cost, in total, around £4.5 million to accomplish. The new web store allows us to sell online more efficiently. It cost around £4 million Translation: we've spent £8.5 million to make what is by our estimates £2 million of savings per year. It will be more than four years before we've got any return on our investment. And that not counting the fact we've cut our advertising, our outreach, and peoples' ability to engage with us. quote:What is really remarkable, however, is that it was all accomplished in five months. The levels of complexity handled by our 'back-office' staff-personnel, IT and accounts–are beyond my descriptive abilities. Translation: Gavin Thorpe's a better writer than I am.
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Jul 28, 2014 17:58
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The new servers cost so much because Kirby's nearly completed his plan to become a dreadnaught, and just needs to upload his brain. And yeah, 8.5m to save 2m a year sure is something.  I'd love to know what people in charge make of the one-man (are there any run by women?) store idea - it just seems so obviously an awful idea, there must be some benefit I'm not seeing. Staying profitable in the short-term, I guess, no matter the cost. If only they could 3D-print more Kirbynaughts to run them...
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Jul 28, 2014 18:21
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It looks like someone screwed the pooch or whatever and posted then took down the Annual report instead of putting up the Pre Amble.
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Jul 28, 2014 18:22
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Oh wow, that thing reads... and what it says... just wow. Place your bets now! Who thinks that the stock will drop more than 25%? My money is on it dropping 33% +/- 2% in 3 days, with a 20% drop on day 1. Also, his analysis of 3D printers is pretty good (as long as you don't factor in common since). Two Feet From Bread fucked around with this message at 18:33 on Jul 28, 2014 |
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Jul 28, 2014 18:26
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I'll go with a 25% drop in stock price even as high as 30%. 27% that's my prediction 3 day based on pulling a number out of my rear end.
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Jul 28, 2014 18:28
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Call it a 35% lowest, with a bit of a dead-cat bounce. e: Yeah, that's overkill, but it was the first number came into my head, so I'll stand by it. 
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Jul 28, 2014 18:41
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Fine I retract my statement, I say a 50% drop in stock, and GW stores across the country get hit by "lightning" and we never hear from Kirby again.
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Jul 28, 2014 18:45
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neonchameleon posted:Translation: Gavin Thorpe's a better writer than I am.  fuuuuuuucke: I'm putting my money on 15% plus or minus another 3 percent.
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Jul 28, 2014 18:54
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petrol blue posted:The new servers cost so much because Kirby's nearly completed his plan to become a dreadnaught, and just needs to upload his brain. If that were the case they could have just used a PS2 memory stick.
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Jul 28, 2014 18:57
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I'm calling 33% loss, dead-cat-bounce not withstanding. Because jesus christ.
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Jul 28, 2014 19:07
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That... seems incredibly unprofessional. Is it? Do you think he even realises that GW/40k is operating on a bubble, just like LOTR did and it seems to be bursting? Edit: going for 25%.
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Jul 28, 2014 19:14
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Fuckinell. I'm in for 23%
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Jul 28, 2014 19:43
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Calling 29% here
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Jul 28, 2014 19:45
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I think it drops 100% by the end of the year. This is the first snowflake in a disaster that is going to snowball into a Enron-Type scandal were we are going to find out about hilarious accounting fraud and embezzlement schemes. stockholders sell everything and several people end up in prison. I'm getting some popcorn.
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Jul 28, 2014 19:46
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Didn't it drop like nearly 25% when they announced their loss of profit earlier this year? Probably looking at around that figure, likely a bit less followed by a gradual decline
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Jul 28, 2014 19:54
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An older article from last year. https://uk.finance.yahoo.com/news/games-workshop-abandons-fantasy-plain-140858936.html quote:
Well now we know he was talking about himself. Hollismason fucked around with this message at 20:08 on Jul 28, 2014 |
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Jul 28, 2014 20:05
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Hollismason posted:The hits just keep on coming from Kirby That was 2013 :P Didn't he also say to ignore the numbers last year and that 13/14 would be better, or did I imagine that?
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Jul 28, 2014 20:08
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Daedleh posted:That was 2013 :P Yes, I forgot and got my dates confused, I just thought it was funny that exactly last year he was like " Yeah this coming year it's gonna be good".
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Jul 28, 2014 20:09
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Hollismason posted:An older article from last year. What the gently caress is an understatement. Edison was making something never before seen in human history. GW is making the exact same loving thing they have been making for the past 30+ years but with a little more detail. And they still manage to mess it up every time. They aren't even consistent about what the screw-up is, too. It's something new every time. Talk about a massive superiority complex.
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Jul 28, 2014 20:16
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Creepy Goat posted:If that were the case they could have just used a PS2 memory stick. Nah, not enough skulls.
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Jul 28, 2014 20:23
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Well tommorow is supposedly the big day, we won't hear anything out of GW till probably the end of the day so like 11 to 12 in the US? I think their 6 hours ahead. I doubt they'd post it in the morning. Sticking by my 35% drop in stock over 3 days. 15% overall decline in sales.
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Jul 28, 2014 20:33
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