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Made in gb
Fresh-Faced New User




 Sqorgar wrote:
 Londinium wrote:
Given their explosive growth since Rountree came in, the fact they're still increasing profits if at a slower rate is definitely interesting.
Considering the price increases have caused much of their stock to increase by 50% (or more) in the last year alone, it's possible that they are selling fewer products to fewer customers, but making a larger profit on a per customer basis. If this is true, then they could actually be increasing profits while ultimately losing customers. That would be a terrible long term strategy for the company. Ask the 90s comic book industry.

It's also possible that they are retaining their customers and making more profits off them too, so who knows?


A company whose share price has increased almost twenty fold in four years from £4.51 per share in July 2016 to £87.05 per share now is not on its way out.

This message was edited 1 time. Last update was at 2020/07/29 03:28:02


 
   
Made in us
Slaanesh Veteran Marine with Tentacles




animal310 wrote:
 Sqorgar wrote:
 Londinium wrote:
Given their explosive growth since Rountree came in, the fact they're still increasing profits if at a slower rate is definitely interesting.
Considering the price increases have caused much of their stock to increase by 50% (or more) in the last year alone, it's possible that they are selling fewer products to fewer customers, but making a larger profit on a per customer basis. If this is true, then they could actually be increasing profits while ultimately losing customers. That would be a terrible long term strategy for the company. Ask the 90s comic book industry.

It's also possible that they are retaining their customers and making more profits off them too, so who knows?


A company whose share price has increased almost twenty fold in four years from £4.51 per share in July 2016 to £87.05 per share now is not on its way out.


To be fair our stock market spiked after a coronavirus stimulus bill granted retroactive tax exemptions by removing caps on last years taxes for certain things. Basically the rich and a bunch of companies got a hidden stimulus check and that caused our stock market to rise erratically. Moral of the story is that the stock prices are solely based on how well investors think companies are going to do and they all knew that our biggest companies were getting fat stimulus checks.

Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. -Kurt Vonnegut 
   
Made in gb
Fresh-Faced New User




macluvin wrote:
animal310 wrote:
 Sqorgar wrote:
 Londinium wrote:
Given their explosive growth since Rountree came in, the fact they're still increasing profits if at a slower rate is definitely interesting.
Considering the price increases have caused much of their stock to increase by 50% (or more) in the last year alone, it's possible that they are selling fewer products to fewer customers, but making a larger profit on a per customer basis. If this is true, then they could actually be increasing profits while ultimately losing customers. That would be a terrible long term strategy for the company. Ask the 90s comic book industry.

It's also possible that they are retaining their customers and making more profits off them too, so who knows?


A company whose share price has increased almost twenty fold in four years from £4.51 per share in July 2016 to £87.05 per share now is not on its way out.


To be fair our stock market spiked after a coronavirus stimulus bill granted retroactive tax exemptions by removing caps on last years taxes for certain things. Basically the rich and a bunch of companies got a hidden stimulus check and that caused our stock market to rise erratically. Moral of the story is that the stock prices are solely based on how well investors think companies are going to do and they all knew that our biggest companies were getting fat stimulus checks.


The US stock market has not jumped 2000 percent in the last four years. GW is a British company. Most of GW share price increase happened before any covid related stimulus (which GW are repaying to UK gov anyway).

The share price is based on how well investors think companies are going to do and investors think GW is going to continue to do very well as its in great shape. It has nothing to do with ‘stimulus checks’.
   
Made in vn
Longtime Dakkanaut




 H.B.M.C. wrote:
 Mad Doc Grotsnik wrote:
£12,000,000 up on last year is the bottom line.
They should celebrate by raising the prices again.


Expecting new price for unit and box set. 65/70$ US$ infantry box. 230$+ box set. Great news for them, not so great news on the consumers.
   
Made in us
Slaanesh Veteran Marine with Tentacles




animal310 wrote:
macluvin wrote:
animal310 wrote:
 Sqorgar wrote:
 Londinium wrote:
Given their explosive growth since Rountree came in, the fact they're still increasing profits if at a slower rate is definitely interesting.
Considering the price increases have caused much of their stock to increase by 50% (or more) in the last year alone, it's possible that they are selling fewer products to fewer customers, but making a larger profit on a per customer basis. If this is true, then they could actually be increasing profits while ultimately losing customers. That would be a terrible long term strategy for the company. Ask the 90s comic book industry.

It's also possible that they are retaining their customers and making more profits off them too, so who knows?


A company whose share price has increased almost twenty fold in four years from £4.51 per share in July 2016 to £87.05 per share now is not on its way out.


To be fair our stock market spiked after a coronavirus stimulus bill granted retroactive tax exemptions by removing caps on last years taxes for certain things. Basically the rich and a bunch of companies got a hidden stimulus check and that caused our stock market to rise erratically. Moral of the story is that the stock prices are solely based on how well investors think companies are going to do and they all knew that our biggest companies were getting fat stimulus checks.


The US stock market has not jumped 2000 percent in the last four years. GW is a British company. Most of GW share price increase happened before any covid related stimulus (which GW are repaying to UK gov anyway).

The share price is based on how well investors think companies are going to do and investors think GW is going to continue to do very well as its in great shape. It has nothing to do with ‘stimulus checks’.


That’s what I said... how well investors think the company will do. Not how good it actually is.

Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. -Kurt Vonnegut 
   
Made in fi
Decrepit Dakkanaut





BrianDavion wrote:
chaos0xomega wrote:
 Hollow wrote:
macluvin wrote:
You mean 4 quid a month plus the codex costs and supplement costs... you have to buy those to unlock them in the app. And you know how the share holders and execs get with the mere mention of not charging money or reducing costs on things they were charging for...


At the moment, yes, but I wouldn't be surprised if GW is looking at 9th as a kind of transition from codex based rules to digital-based rules. It would allow GW to publish books focusing on expanding the Universe and lore without them being tied to the rules.


Privateer Press tried this. Did not work. It disconnected the game from the fluff entirely and the casual/narrative community moved on to other games while the competitive community ran the game into the ground.


IMHO they'd be better off doing a hybrid system. sell the books, but simply give digtal keys to people with the books. other companies do it and it's pretty popular, some people like the physical product


Funny that. It's what they are doing with 9th.

12 factions for Lord of The Rings
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Made in at
'Jack Scrapper





Austria

tneva82 wrote:

Funny that. It's what they are doing with 9th.


at least GW learns from mistakes other companies have made......

Harry, bring this ring to Narnia or the Sith will take the Enterprise

M41 - Alternative Rules for Battles in the 41st Millennium (40k LRB Project) 
   
Made in us
Longtime Dakkanaut




 Hollow wrote:
 Sqorgar wrote:
 Londinium wrote:
Given their explosive growth since Rountree came in, the fact they're still increasing profits if at a slower rate is definitely interesting.
Considering the price increases have caused much of their stock to increase by 50% (or more) in the last year alone, it's possible that they are selling fewer products to fewer customers, but making a larger profit on a per customer basis. If this is true, then they could actually be increasing profits while ultimately losing customers. That would be a terrible long term strategy for the company. Ask the 90s comic book industry.

It's also possible that they are retaining their customers and making more profits off them too, so who knows?



This exact point is as old as GW itself. I remember the heated arguments in my local GW gaming club back in the 90's. The pages upon pages of "analysis" on Warseer and other forums over the years. All claiming that GW was running themselves into the ground. GW is doing unbelievably well, I don't think anybody (myself included) would have thought they would have come so far. I'm really curious as to what the next few years will bring, there are several opportunities currently being explored, if done well, could be massive for the company. The main one being getting their customers over onto a subscription model. I wonder how many people (eventually down the line once they have got their ducks in a row) would be willing to spend 4 quid a month to access a massive amount of information. Imagine a £4:00 pm subscription that gave you digital access to all the codexs and editions that there have ever been. All the old Warhammer Fantasy books. ETC. GW has a massive amount of material they could charge for that is essentially sitting unused.


I mean, GW's financials were a bit of a mess in the 90s. Kirby and the guys he brought in, ironically, are what righted the ship. Cause he was a businessman who knew business, just not the market he was in.
   
Made in us
Cabin Zombie






chaos0xomega wrote:
 Hollow wrote:
macluvin wrote:
You mean 4 quid a month plus the codex costs and supplement costs... you have to buy those to unlock them in the app. And you know how the share holders and execs get with the mere mention of not charging money or reducing costs on things they were charging for...


At the moment, yes, but I wouldn't be surprised if GW is looking at 9th as a kind of transition from codex based rules to digital-based rules. It would allow GW to publish books focusing on expanding the Universe and lore without them being tied to the rules.


Privateer Press tried this. Did not work. It disconnected the game from the fluff entirely and the casual/narrative community moved on to other games while the competitive community ran the game into the ground.


God I hated that too. Used to be you got the Rulebook and it would have point of view stories for all the factions in it that advanced the story nicely. Then they stopped doing the rulebooks, and the fluff was done thru novels, which of course were always cygnar/protagonist POV, so my main faction of Cryx just didn’t get good fluff advancement anymore. Now it’s spread out thru novels and campaign packs and twitter and I’ve completely lost track of the narrative.

 
   
Made in us
Longtime Dakkanaut




macluvin wrote:
animal310 wrote:
 Sqorgar wrote:
 Londinium wrote:
Given their explosive growth since Rountree came in, the fact they're still increasing profits if at a slower rate is definitely interesting.
Considering the price increases have caused much of their stock to increase by 50% (or more) in the last year alone, it's possible that they are selling fewer products to fewer customers, but making a larger profit on a per customer basis. If this is true, then they could actually be increasing profits while ultimately losing customers. That would be a terrible long term strategy for the company. Ask the 90s comic book industry.

It's also possible that they are retaining their customers and making more profits off them too, so who knows?


A company whose share price has increased almost twenty fold in four years from £4.51 per share in July 2016 to £87.05 per share now is not on its way out.


To be fair our stock market spiked after a coronavirus stimulus bill granted retroactive tax exemptions by removing caps on last years taxes for certain things. Basically the rich and a bunch of companies got a hidden stimulus check and that caused our stock market to rise erratically. Moral of the story is that the stock prices are solely based on how well investors think companies are going to do and they all knew that our biggest companies were getting fat stimulus checks.


a lot of the stock market right now is a holding pattern for people's money because demand has dropped dramatically under covid, people aren't spending, and stocks are a place to put money you aren't actively using.

This isn't reflective of demand for GW, though I do imagine it has buoyed its stocks along with literally almost everyone else's.
   
Made in gb
[DCM]
Stonecold Gimster






Ah... the bi-annual thread where GW fans bow down in awe to the money GW have made, proclaiming them godlike. Before going off to another thread to complain about ridiculous pricing.

My Painting Blog: http://gimgamgoo.com/
Currently most played: Silent Death, Beyond the Gates of Antares, Dracula's America, Bolt Action, X-Wing 
   
Made in us
Longtime Dakkanaut




Being moral and being profitable seem to be mutually opposed, yes.
   
Made in gb
Princeps of the Emperor's Titan!






Interesting breakdown as to sales by channel.

GW Stores generated 29% of sales. Third Party sales accounted for 52%, and GW’s online 19%

Their store sales are down 5% from 2019, and seem to have gone to FLGS, as that’s up 5% from 2019.

Go FLGS, I guess!

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Made in us
Slaanesh Veteran Marine with Tentacles




FLGS seem to sell product at 10-15% off. Plus they look like better venues to play games and since they tend to be smaller, it feels more... honest? To give them the GW money instead of straight to GW. I went out of my way to find an LGS where I live to buy a defiler... took quite a bit of calling around to find.

Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. -Kurt Vonnegut 
   
Made in ca
Legendary Master of the Chapter





it was likely too late to make much differance but I know GW stores also stayed closed longer then a LOT of other stores here. I ended up doing more busniess with third party stores during the last month or two then I'd previously done (the local GW is more conveniant to my house)

Opinions are not facts please don't confuse the two 
   
Made in fi
Decrepit Dakkanaut





macluvin wrote:
FLGS seem to sell product at 10-15% off. Plus they look like better venues to play games and since they tend to be smaller, it feels more... honest? To give them the GW money instead of straight to GW. I went out of my way to find an LGS where I live to buy a defiler... took quite a bit of calling around to find.


Yeh. The gaming area is big one for me why I buy from FLGS. I use their gaming area so might just as well support. If not I would have no right to complain if they close and I lose like 95% chance of games!

From GW direct I basically order only mail order stuff if I'm in a hurry.

12 factions for Lord of The Rings
4663
11772 pts(along with lots of unpainted unsorted stuff)
5265 pts
5150 pts
~3200 pts Knights

 
   
Made in gb
Executing Exarch





 Mad Doc Grotsnik wrote:
Interesting breakdown as to sales by channel.

GW Stores generated 29% of sales. Third Party sales accounted for 52%, and GW’s online 19%

Their store sales are down 5% from 2019, and seem to have gone to FLGS, as that’s up 5% from 2019.

Go FLGS, I guess!


still a bit baffled by online remaining that high as besides GW only items the vast number of other online retailers offering cheaper deals it really baffles me as to who goes GW direct

Ill be curious to see if the FLGS trend continues post Event as these numbers show GW will survive but without player support smaller concerns may not

"AND YET YOU ACT AS IF THERE IS SOME IDEAL ORDER IN THE WORLD, AS IF THERE IS SOME...SOME RIGHTNESS IN THE UNIVERSE BY WHICH IT MAY BE JUDGED." 
   
Made in gb
Princeps of the Emperor's Titan!






It’ll include Forgeworld I’d imagine, so there’s a decent chunk.

Plus, there are some bits and bobs you can only order through GW direct - though it’s not clear if in-store web orders (the virtual warehouse) would count as online or store.

And yeah, the 5% shift between GW and FLGS is quite likely down to COVID-19 and that. I do hope FLGS make it through, as they’re important to a healthy community.

This message was edited 1 time. Last update was at 2020/07/29 08:30:55


Fed up of Scalpers? But still want your Exclusives?Why not join us?

 
   
Made in gb
Executing Exarch





 Mad Doc Grotsnik wrote:
It’ll include Forgeworld I’d imagine, so there’s a decent chunk.

Plus, there are some bits and bobs you can only order through GW direct - though it’s not clear if in-store web orders (the virtual warehouse) would count as online or store.

And yeah, the 5% shift between GW and FLGS is quite likely down to COVID-19 and that. I do hope FLGS make it through, as they’re important to a healthy community.


I think as best I recall from my local GW chap any stuff ordered via the in-store terminal counts as a sale for his store

Had sort of forgot about FW as they clearly dont want my money as they dont sell the alt Wave Serpent turrets anymore

"AND YET YOU ACT AS IF THERE IS SOME IDEAL ORDER IN THE WORLD, AS IF THERE IS SOME...SOME RIGHTNESS IN THE UNIVERSE BY WHICH IT MAY BE JUDGED." 
   
Made in gb
Fresh-Faced New User




Scotland

 Turnip Jedi wrote:


I think as best I recall from my local GW chap any stuff ordered via the in-store terminal counts as a sale for his store



Yeah my GW local manager has said the same with the exception that ForgeWorld ordered in store does not count towards his sales so although he allows it he doesn't encourage FW in store.

I would imagine the made to order will have contributed to online sales as well as I have picked up quite a few metal models that they reissued through it.
   
Made in at
Rough Rider with Boomstick





 Hulksmash wrote:
Huh, up 12 million when they essentially lost an entire quarter and didn't have a system update. Seems solid.

Did they though? (Generally) middle-class nerds shut-in for three months with nothing to do coupled with abysmal impulse control led to pretty much every kit/paint they had selling out.

This message was edited 1 time. Last update was at 2020/07/29 10:22:34


 
   
Made in gb
Princeps of the Emperor's Titan!






Report says the lost 6 weeks worth, so more an eighth or so?

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 Turnip Jedi wrote:

still a bit baffled by online remaining that high as besides GW only items the vast number of other online retailers offering cheaper deals it really baffles me as to who goes GW direct

Ill be curious to see if the FLGS trend continues post Event as these numbers show GW will survive but without player support smaller concerns may not

It's ignorance mostly. You'd be very surprised at how many people don't know about independent retailers. I don't think it helps that places like Amazon and other 'big name' sites don't really sell product any cheaper than the webstore (if they have it at all), so a sizeable chunk of people don't bother looking elsewhere. I think it's a mixture of younger players who're new to the hobby who aren't quite savvy enough yet to look for cheaper prices when they're getting it off their parents credit card, but I've also seen some genuine diehards who buy direct to 'support the company' as if those independents with slim margins don't need it more.
   
Made in gb
Princeps of the Emperor's Titan!






There’s also stock differences between Indies and GW.

I tend to buy from Element, but if they don’t have it in stock, I’ll look around, and may eventually order direct from GW.

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Quick-fingered Warlord Moderatus




United Kingdom

 Mad Doc Grotsnik wrote:
There’s also stock differences between Indies and GW.

I tend to buy from Element, but if they don’t have it in stock, I’ll look around, and may eventually order direct from GW.


And that works both ways - a store near me has stuff on its shelves that the GW store doesn't (Necromunda & Blood Bowl mainly).

This message was edited 1 time. Last update was at 2020/07/29 10:38:39


 
   
Made in fi
Decrepit Dakkanaut





 Arbitrator wrote:
 Hulksmash wrote:
Huh, up 12 million when they essentially lost an entire quarter and didn't have a system update. Seems solid.

Did they though? (Generally) middle-class nerds shut-in for three months with nothing to do coupled with abysmal impulse control led to pretty much every kit/paint they had selling out.


They lost very end of march, april and may. And yes people bought stuff they could but GW was shut down and didn't sell. Does already stocked items in FLGS selling count for that period? Or would those cause spike in post-lockdown time sales?

12 factions for Lord of The Rings
4663
11772 pts(along with lots of unpainted unsorted stuff)
5265 pts
5150 pts
~3200 pts Knights

 
   
Made in gb
[DCM]
Decrepit Dakkanaut




UK

People are also far more likely to have a bad experience when ordering from an independent compared with ordering from GW

and if your first order goes wrong your far more likely to stick to GW only afterwards

 
   
Made in fi
Decrepit Dakkanaut





 Mad Doc Grotsnik wrote:
There’s also stock differences between Indies and GW.

I tend to buy from Element, but if they don’t have it in stock, I’ll look around, and may eventually order direct from GW.


That too.

ATM I don't care if it's local FLGS, store in UK, store in america or ANYWHERE but if store has triach stalker at RPP I don't care whom I buy it from. I just want 2-3 stalkers! Or even one!

12 factions for Lord of The Rings
4663
11772 pts(along with lots of unpainted unsorted stuff)
5265 pts
5150 pts
~3200 pts Knights

 
   
Made in gb
Princeps of the Emperor's Titan!






Planning a good scuttle?

Fed up of Scalpers? But still want your Exclusives?Why not join us?

 
   
Made in at
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 Mad Doc Grotsnik wrote:
There’s also stock differences between Indies and GW.

I tend to buy from Element, but if they don’t have it in stock, I’ll look around, and may eventually order direct from GW.

Do people really need product so urgently they'll buy it at a GW markup though? I understand when it comes to independent games (especially anything supplied by Ass-mode) sometimes you have to bite the bullet and buy more expensive or else potentially never see it for a year, but there's usually no more than just under a week's wait - at worst - for restocks of GW product.
   
 
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