Forum adverts like this one are shown to any user who is not logged in. Join us by filling out a tiny 3 field form and you will get your own, free, dakka user account which gives a good range of benefits to you: No adverts like this in the forums anymore. Times and dates in your local timezone. Full tracking of what you have read so you can skip to your first unread post, easily see what has changed since you last logged in, and easily see what is new at a glance. Email notifications for threads you want to watch closely. Being a part of the oldest wargaming community on the net. If you are already a member then feel free to login now.

pretre wrote:Why am I winged?

I've explained it in the past.

Aduro wrote:I'm fairly sure I remember the FLGS saying they were given the new paint rack for free.

Wait, thats the 6 week escalation challenge prize

So, what army should I buy when my dividend hits my trading account?

DKoK. If you're going to invest free money into an army, make it a spendy one.

agnosto wrote:So, what army should I buy when my dividend hits my trading account?

Privateer Press stocks xD

LunaHound wrote:

agnosto wrote:So, what army should I buy when my dividend hits my trading account?

Privateer Press stocks xD

Are they even public?

Aww guess not.

In that case.... leave all the money aside, buy 6th edition starter boxes when it starts and sell them separately on ebay!

Iur_tae_mont wrote:DKoK. If you're going to invest free money into an army, make it a spendy one.

Meh, I bought a bunch of mantic undead last year and rolled the rest back into more stock. This year I might hang onto it and use it for a trip to cancun; I haven't been playing too much lately....dunno.

LoL at the starter box idea. Sounds like too much effort though. That reminds me that I should cash some of it out for 6th edition though.

agnosto wrote:

LunaHound wrote:

agnosto wrote:So, what army should I buy when my dividend hits my trading account?

Privateer Press stocks xD

Are they even public?

Facebook stock, then.

puma713 wrote:

agnosto wrote:

LunaHound wrote:

agnosto wrote:So, what army should I buy when my dividend hits my trading account?

Privateer Press stocks xD

Are they even public?

Facebook stock, then.

It'll be too late by then. I was thinking about it but I think they've already overbooked their IPO. I've decided to lay off stock purchases for a while since I got burned a bit by a Taiwanese tech stock a while back.

agnosto wrote:

LunaHound wrote:

agnosto wrote:So, what army should I buy when my dividend hits my trading account?

Privateer Press stocks xD

Are they even public?

For the same of the game's fans I hope not, and that it remains that way.

agnosto wrote:So, what army should I buy when my dividend hits my trading account?

Considering the dividend is approx 24cents (pre tax) which is roughly 20c post tax something in the region of 2500 shares to buy an army I find that statement highly unlikely. I can think of far better places and better companies to invest $15k.

Kroothawk wrote:
2.) All net profit is given to the shareholders, a.o. Tom Kirby. Often more than total net profit, sometimes they loan money to pay shareholders. So the company is drained each year.

OK, where exactly this claim comes from again (saw it last time 6 months ago when it was busted)? IIRC their last financial report stated that the company was nearly debt-free and had fair amount of surplus cash.

Backfire wrote:

Kroothawk wrote:
2.) All net profit is given to the shareholders, a.o. Tom Kirby. Often more than total net profit, sometimes they loan money to pay shareholders. So the company is drained each year.

OK, where exactly this claim comes from again (saw it last time 6 months ago when it was busted)? IIRC their last financial report stated that the company was nearly debt-free and had fair amount of surplus cash.

It doesn't because the comment betrays a misunderstanding of accounting. All net profits belong to shareholders and are tracked in a separate account. Not all net profits are distributed to shareholders however but some companies dip into a borrowing facility to pay shareholders for cashflow purposes. Tthe reality of companies paying dividends when shareholder funds are negative are slim.

What I think I'm noticing about GW in North America is what seems like a steady retail expansion into untapped markets. I've not been in the hobby long enough to know previous years retail expansion and contraction trends, but it seems GW recognizes big potential for hobby growth in the US.

I think that means that they are addressing the dropping unit sales figures by expanding brand reach.

As to the coming price increase, I'd push my product out price-wise until the market really pushed back. What I see is a clear and deliberate NA strategy, declining unit sales, and level stock performance. GW is building for long term sustainability. If they can expand just slightly more than they contract they create an income investment with reliable return. THey have a sustainable model...it's not an aggressive profit model, but it is a model.

As I write this it makes me imagine a company primping itself for getting gobbled by a private equity firm or something...random thought..

fullheadofhair wrote:

agnosto wrote:So, what army should I buy when my dividend hits my trading account?

Considering the dividend is approx 24cents (pre tax) which is roughly 20c post tax something in the region of 2500 shares to buy an army I find that statement highly unlikely. I can think of far better places and better companies to invest $15k.

What like investing in Facebook? GW has been one of the best performing stocks in my portfolio.Up 30% in half a year. Bought it in anticipation of the Hobbit bubble. The dividends have just been gravy. Of course will dump it after the second Hobbit movie comes out

Osbad wrote:Looks like Failcast and the Great Southern Hemisphere Boycott hasn't hurt Gee-Dub not hardly at all

Games Workshop Group PLC

DIVIDEND AND TRADING UPDATE


For immediate release 17 May 2012

Games Workshop Group PLC announces that the Board has today declared a dividend of 16 pence per share. This will be paid on 26 June 2012 for shareholders on the register at 25 May 2012.

Games Workshop further announces that pre-tax profits in respect of the year to 3 June 2012 are likely to be ahead of current market expectations.

http://www.iii.co.uk/investment/detail?code=cotn:GAW.L&display=news&action=article&articleid=8588893

Of course that is just "profits". What has happened to turnover and volume sales, which is far more important for the longer term output has yet to be revealed...

Means nothing as of yet that their giving a dividend. They borrowed money one year to do that.

Turnover and volume will be telling.

silent25 wrote:

fullheadofhair wrote:

agnosto wrote:So, what army should I buy when my dividend hits my trading account?

Considering the dividend is approx 24cents (pre tax) which is roughly 20c post tax something in the region of 2500 shares to buy an army I find that statement highly unlikely. I can think of far better places and better companies to invest $15k.

What like investing in Facebook? GW has been one of the best performing stocks in my portfolio.Up 30% in half a year. Bought it in anticipation of the Hobbit bubble. The dividends have just been gravy. Of course will dump it after the second Hobbit movie comes out

God no - would not touch that with a barge pole; classic case of "emperor has no clothes". Until they can effectively monetarise their base I cannot see that being worth $40 a share.

Investing in what you know is always a good idea especially if you can understand the cyclical nature of the company. I tend to invest in more banking and housing related - made some good money off Lowes and Bank of America (70% and 110%). Made some good money off BP but had to take a 25% tax hot as bought and sold with the year but then lost almost 90% on a total gamble on Fannie May - held onto long and got greedy!

I am sure people could have made some good capital gains on GW - I was just skeptical at the thought someone bought enough stock to buy a wholw army from the dividends.

fullheadofhair wrote:

agnosto wrote:So, what army should I buy when my dividend hits my trading account?

Considering the dividend is approx 24cents (pre tax) which is roughly 20c post tax something in the region of 2500 shares to buy an army I find that statement highly unlikely. I can think of far better places and better companies to invest $15k.

Maybe he hasn't.

I bet Gamesworkshop has been losing sales to Ebay

Arm.chair.general wrote:I bet Gamesworkshop has been losing sales to Ebay

2002 called. They want their insightful commentary back.

(Yes, yes, I know. Warn them! and such.)


Automatically Appended Next Post:

H.B.M.C. wrote:

pretre wrote:Why am I winged?

I've explained it in the past.

Oh, I forgot about that whole business. Largely, because it is ridiculous.

fullheadofhair wrote:

agnosto wrote:So, what army should I buy when my dividend hits my trading account?

Considering the dividend is approx 24cents (pre tax) which is roughly 20c post tax something in the region of 2500 shares to buy an army I find that statement highly unlikely. I can think of far better places and better companies to invest $15k.

And no one could possibly have a brokerage account with more than 15k in it? Wow. I'm actually doing better with GW stock right now than the Citibank stock I own and we won't even get into a certain biotech stock that I washed out on a few years ago *shiver*. I know many here do not think GW stock to be worth anything but then, possibly, they don't know what they're talking about. I've owned the stock and sold it more than once and have always made money from it when doing so; it's currently up 300p from when I bought it and will probably sell it again at some point, if/when it starts trending down. Needless to say, I'm happy to see the return of dividends.

Kroothawk wrote:

pretre wrote:

darkdm wrote:Just to calrify, I know that here in the US the indy stockists had to purchase new rack and new paints in order to remain stockists. Failure to purchase their new rack and paints would result in loss of stockist status. Sure, they had the option not to buy it, but it meant losing what little prize support GW offered them for events, as well as free shipping on orders and the lower wholesale costs. And to boot, they were only allowed to send back $200 worth of the old paint for credit...

Yeah, that is flatout wrong. Mikhaila has busted that whole myth time and again.

If it is the same as in Europe, he is actually quite right. Only the new racks are free and you are aloowed to send back about 150 pots of old paints. The "GW wants to buy all old paints", as mention by someone else, certainly is a misinterpretion.

Maybe it's different for every store, although I don't know why GW would go to all the trouble.

It's also a time-honoured tradition for some Indy store managers to blame all their problems on their suppliers.

I know for a fact my FLGS was free to pick and choose which parts of the paint line to carry. Skipped all the purples, much to my annoyance.

agnosto wrote:

fullheadofhair wrote:

agnosto wrote:So, what army should I buy when my dividend hits my trading account?

Considering the dividend is approx 24cents (pre tax) which is roughly 20c post tax something in the region of 2500 shares to buy an army I find that statement highly unlikely. I can think of far better places and better companies to invest $15k.

And no one could possibly have a brokerage account with more than 15k in it? Wow. I'm actually doing better with GW stock right now than the Citibank stock I own and we won't even get into a certain biotech stock that I washed out on a few years ago *shiver*. I know many here do not think GW stock to be worth anything but then, possibly, they don't know what they're talking about. I've owned the stock and sold it more than once and have always made money from it when doing so; it's currently up 300p from when I bought it and will probably sell it again at some point, if/when it starts trending down. Needless to say, I'm happy to see the return of dividends.

Of-course they can. I do. However, most people with over $15k are diversified. I almost bought GW stock at the same time but it would have been for a fun type investment but when another route - didnt get the same growth as you did on my choice however (inc. dividends). I wasn't saying the stock was worthless I was just saying I find it unlikely someone would invest sufficient and still remain sufficiently diversified to earn in dividends the $500 needed for a new army.

fullheadofhair wrote:

agnosto wrote:

fullheadofhair wrote:

agnosto wrote:So, what army should I buy when my dividend hits my trading account?

Considering the dividend is approx 24cents (pre tax) which is roughly 20c post tax something in the region of 2500 shares to buy an army I find that statement highly unlikely. I can think of far better places and better companies to invest $15k.

And no one could possibly have a brokerage account with more than 15k in it? Wow. I'm actually doing better with GW stock right now than the Citibank stock I own and we won't even get into a certain biotech stock that I washed out on a few years ago *shiver*. I know many here do not think GW stock to be worth anything but then, possibly, they don't know what they're talking about. I've owned the stock and sold it more than once and have always made money from it when doing so; it's currently up 300p from when I bought it and will probably sell it again at some point, if/when it starts trending down. Needless to say, I'm happy to see the return of dividends.

Of-course they can. I do. However, most people with over $15k are diversified. I almost bought GW stock at the same time but it would have been for a fun type investment but when another route - didnt get the same growth as you did on my choice however (inc. dividends). I wasn't saying the stock was worthless I was just saying I find it unlikely someone would invest sufficient and still remain sufficiently diversified to earn in dividends the $500 needed for a new army.

My GW stock is out of my play account; my retirement account is handled by professionals (I hope) and has consistently shown 8-11% growth though the average will be a bit small due to the last few years. I move money back and forth between various investments, my GW stock isn't even my largest holding...unfortunately that's Citibank and..yeah, we won't go into bank stock right now but I can't complain too much as I bought in at $1.24/share (though I can't recall off-hand as it was so long ago).

The great thing is that I started my account with $5k and haven't had to add anything since, thank you Pfizer and your little blue pill. I highly recommend stock trading to everyone, especially considering Americans will most likely not have social security to fall back on. Instead of blowing your tax return or christmas money, squirrel it away in an account, draw some interest and then invest it; stay away from penny stocks unless you like to gamble.

n0t_u wrote:Seeing as how their sales have dropped yet they've declared a profit in the past. Usually not meant to work that way...

Actually, it does work that way...

Let's say I sell 1000 items at $5 each and my production cost is $1 each. My net gain would be $4000. If I raise prices to $8, then I will usually* sell less. Let's say I only sold 600 items. Now my profits are $4200.

Basically, if they double prices and see a less than 50% drop in product sales then profits go up.

The ONLY time raising prices leads to a drop in profits is when you are already at or slightly above the "sweet" spot. I think GW is pretty close to that point now.


*note on the "Usually". Some people refuse to purchase items if they are priced below perceived value. In effect if GW did something radical like drop the price of their models to something like $0.10 each then interesting things would happen. A certain segment of the population would buy a lot of items, but a larger segment would not only NOT buy but would quickly switch to a different game thinking GW wasn't worth it anymore. This would fairly quickly lead to GWs demise.

That said, sometimes a product starts off priced pretty low and people ignore it because they think there is no value. However, when the price of that exact same product moves up then more people buy.. to a point.

Pricing as it relates to profits is part science part art. The "art" aspect is picking the correct price point. The science part is what happens when you figure out the upper and lower bounds.

clively wrote:A certain segment of the population would buy a lot of items, but a larger segment would not only NOT buy but would quickly switch to a different game thinking GW wasn't worth it anymore. This would fairly quickly lead to GWs demise.

That can be true in some industries, but I would be doubtful about it applying to miniatures. People avoid cheap appliances or clothing on the basis that it's not likely to be as good in quality as a more expensive brand. But with miniatures, where the difference in quality between brands is almost purely down to visual appearance, a lower price isn't going to put people off... They can see the quality of the sculpt, and will buy it if they are happy to pay the asking price.

So if I sink 40k right now I could walk away with $1000 in dividends next month? Am I reading that right? As long as you hold on the 25th?

DX Nin wrote:So if I sink 40k right now I could walk away with $1000 in dividends next month? Am I reading that right? As long as you hold on the 25th?

Yes, though that currency is pounds, not dollars.

Also, given that the average daily volume is so low, it would be difficult to buy so many shares (without driving the price super high). Furthermore, keep in mind that stock prices generally decrease after the ex-date by (at least) the dividend amount. So while you would walk away with ~3% of your principal in cash, your principal value would have decreased by roughly the same amount. At the end of the day your money will not have gained any value (more likely you will lose value immediate after the ex-date). And, of course, have fun selling that many shares. Because doing so will drive the price down unless you sell them slowly.

There are much better ways to try to make a quick buck.

Ajroo wrote:Why is everyone so annoyed that a business is making money?

I'd rather they made money than folded, i bet 95% of the the GW hating moaning bitches would cry if they shut down.

Why it's there IP that matters, let GW die. Let the others come in and pick there bones. Then maybe they will play test the game then release rules. GW is a model company let a game company make the rules. But I can say were I live GW dosen't sell as good anymore. But, BattleTech, Board/Card games (not MtG), and very slowly Infinity are taking over. What use to be 6 days of GW and 1 day for a WFB/40K tournament, is now 1 day for WFB 1 day for 40K a week and 1 WFB/40K tournament a month. Every thing else just move faster off the shelf.