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Any bean counters out there tell me what it will cost me to buy GW when I inherit a billion dollars?

Speaking hypothetically of course if I was to inherit a billion dollars tomorow.

GG

(373 p (last traded stock price) X 307,443 (how many stocks)/2 +373p





Total: 57338492.5P


Automatically Appended Next Post:
$925905.57 US if my conversion is right

Are you missing a digit, Clthomps? That rounds to 1 million (unless my eyes are deceiving me). It can't be that "cheap"...

Clthomps wrote:(373 p (last traded stock price) X 307,443 (how many stocks)/2 +373p





Total: 57338492.5P

Is that little p mean pence? or pounds?

If it's pence your only talking 1 million dollars to buy it. Sounds too little.

If it's pounds, it's 93 million dollars. Sounds a bit high.

GG

Clthomps wrote:(373 p (last traded stock price) X 307,443 (how many stocks)/2 +373p





Total: 57338492.5P


Automatically Appended Next Post:
$925905.57 US if my conversion is right

57 338 492.5 British pounds = 93.1807842 million U.S. dollars

So lets assume it's $93 Million.

It would only cost me a little over half that to get majority control and thus owner right? So only say $48 Milllion, to control the strings at GW?


GG

no thats with the half.


(373 p (last traded stock price) X 307,443 (how many stocks)/2 +373p

Clthomps wrote:no thats with the half.


(373 p (last traded stock price) X 307,443 (how many stocks)/2 +373p

Gotcha....

GG

You'd just use GW for evil... ok... more evil.

H.B.M.C. wrote:You'd just use GW for evil... ok... more evil.

generalgrog....Holds pinky to corner of mouth, and starts slow gutteral laugh.

GG

If I owned GW....

I'd probably ram it through the ground.

I suppose with the licensing it brings it that GW could be worth near 200 million US.

Personally if they are worth that much, they don't do enough with their IP to be more publicly noticed.

If I had the money, yes I'd buy out controlling share. To that end I would promote higher licensing revenues thru newer electronics avenues such as a 40k fps game and movie licensing, which GW seems to be doing but at a crushingly slow pace.

By increasing revenue from these areas, costs could be lowered(or at least profit margins) on the Hobby side of the company, which would in turn bring more people to the hobby, or renew interest in those who have moved on.

By lowering the cost of models, more people would play, and would be likely to then purchase the video games etc.

And the video games would also be able to bring more gamers to the hobby.

GW has ONE successful game under it's belt, and that is Dawn of War(both 1 and 2). Years back there was a Tau based fps game that was crap, and Warhammer Online is total crap. If GW focused more on polishing out better electronics games it would bring in far more revenue and perhaps we would see less strain on the model side of things.

It would be interesting to see how much it would cost the wargaming community on an individual basis to buyout the company. 93 million divided by X amount of hobbyists.

Another thing that they don't do, and I believe they should do. Is advertise with TV commericals. Video game companies do it all the time why not GW?

GG


Automatically Appended Next Post:
Also they didn't make a huge profit last year. Something like 2 million?

GG

That is true, I don't think I've seen a single Dawn of War or even Warhammer Online commercial.

Word of mouth is no way to advertise new products, even with todays numbers of gamers out there.

Isn't that THQ's problem, given that they're the publisher/distributor?

Like I said before, H.B.M.C.. You and your mates should have purchased GW stock instead of 100,000+ points each of models.
Then we could have had balanced, playtested rules by now.
I blame you for all this.

Illeix wrote:Then we could have had balanced, playtested rules by now.

Oh I dunno. Myself and a friend were again going over my Marine Codex last night and looking at the version history I found that I started the thing seven years ago!!!

I'd sack the guy who let the razorgor be produced.


I've thought of investing in GW, but the dividend return is too low. Some years you don't get anything.

Still with a few hundred million dollars handy, owning your own game company could be handy.

I've lived in Nottingham before and wouldn't mind flying up for a few days in my helicopter to play apocalypse games in the great hall.... ah yes, the life of a millionaire.

H.B.M.C. wrote:

Illeix wrote:Then we could have had balanced, playtested rules by now.

Oh I dunno. Myself and a friend were again going over my Marine Codex last night and looking at the version history I found that I started the thing seven years ago!!!

So? You have over a decade left to catch up to this bland, kill-point infested hellhole's development.

I said that I blame you, not that I'd be unfair or that I have no confidence in you.

I also vote for making GWS even more evil. I'd start by giving each unit a collectible card, and then adding some chase cards to booster packs. Then, I'd do an across-the-board price increase of 25%, and get rid of every army other then Space Marines.

Then, I'd do an across-the-board price increase of 25%, and get rid of every army other then Space Marines.

And this is different to current GW in what way?

MArket capitalisation of GW as at 11 am, 26/1/10 is £116.74m (http://www.digitallook.com/cgi-bin/dlmedia/security.cgi?username=&ac=&csi=12010)

To gan control of half of that would cost you £116.74m * 0.5 = £58.37m. At today's exchange rate (1.615), that converts to US$94.28m. (http://www.oanda.com/currency/converter/)

Of course if a takeover was in the offing the share price would shoot up so you'd have to pay maybe a 20% premium as well - so you'd end up paying maybe $110M to $120M to gain 50% control. And then UK law being UK law, if htis was a takeover, you'd have to buy the rest of the shares up, so that would cost you a further $110 - $120M. Anyone got a spare couple hundred million bucks lying around with no better use for it than taking over an ailing toy company?

Me neither.

I'd have estimated it abuot £100 - 110 million UK sterling.

Would I want to buy it though? hell no, there's much better ways to spend that cash on properties or investments. GW is bleh in my opinion for buying up.

In the fine print when you own majority of the company you also hav to give up your soul and half your brain so Jervis can eat it.

Profit margin is much improved this year, going on the press release they did about it. Something like 50% over expectation?

Share price is likely to go up if this can be sustained, especially should it link to a return of dividend payments (Which I think it can).

Also remember that to buy shares, you need a seller. Bigwigs at GW hold the majority share at the moment, so you would need to table an offer a good bit in excess of the shares market value to bag them.

It would be cheaper to simply write your own rules and make a direct copy of the 40k miniatures, then simply throw money at GW when the court case came up.

Osbad wrote: And then UK law being UK law, if htis was a takeover, you'd have to buy the rest of the shares up, so that would cost you a further $110 - $120M.

This is interesting. Is this different than U.S. law?

Osbad wrote:
Anyone got a spare couple hundred million bucks lying around with no better use for it than taking over an ailing toy company?

Me neither.

Well it wouldn't make good busines sense to spend $200 million to get 2 million a year in profit. It would take you 100 years to get that investment back.(unless you resold it of course)

No..if you were a billionaire gamer, you might buy GW just for the trophy.

GG

Osbad wrote:Of course if a takeover was in the offing the share price would shoot up so you'd have to pay maybe a 20% premium as well - so you'd end up paying maybe $110M to $120M to gain 50% control. And then UK law being UK law, if htis was a takeover, you'd have to buy the rest of the shares up, so that would cost you a further $110 - $120M.

Or you could just do what most people seem to do and buy the company with its own money, leaving it in huge amounts of debt.

Mad Doc Grotsnik wrote:Profit margin is much improved this year, going on the press release they did about it. Something like 50% over expectation?
Share price is likely to go up if this can be sustained, especially should it link to a return of dividend payments

So far we are in 100% agreement

Mad Doc Grotsnik wrote:(Which I think it can).

And this is where we disagree. The half-year announcement clearly indicated a reduction on "common currency" turnover - i.e. turnover stripped of exchange rate gains. As GW is selling less product this half-year than last what evidence do you have that they can continue to sustain profit growth once costs start rising again?

Now, we are obviously in a recession, which is always going to depress sales, and this half-year compares with the half-year last year when they launched 5th edition which was always going to do well for them relatively speaking. But frankly, I am not optimistic that they can replace the profit they would have earned from increasing sales volume by such things as royalties, exchange rate gains and lower interest payments for any length of time.

We're both guessing at the future and our different opinions are purely based on our varying levels of faith in the EE, so I'm not piking on anyone here, but I'd be interested to see where people who are optimistic about GW's future profitability expect that profitability to come from in the future given the apparent downward trajectory of turnover in real terms?

Also remember that to buy shares, you need a seller. Bigwigs at GW hold the majority share at the moment, so you would need to table an offer a good bit in excess of the shares market value to bag them.

Absolutely true. Although I think they'd sell in a blink if the right offer came a long.

generalgrog wrote:So lets assume it's $93 Million.

It would only cost me a little over half that to get majority control and thus owner right? So only say $48 Milllion, to control the strings at GW?


GG

Actuall the previous calculation of about 100 mil WAS what you would have to pay to control the strings...

For that to happen GW would have to put more than 49% of stock out for public trading. I.E. - it wont happen, otherwise they are horribly mismanaged/in desperate need of money... Just because there are x shares out there doesn't mean you can buy x shares. They have to be up for sale first, and for that to happen, certain people would have to be inclined to sell...

Not only that, but as you bought up more and more of the stock, the cost of purchasing said stock would increase, so 100mil is the MINIMUM cost you would pay, you could end up paying double that depending on how things go (though that is doubtful).