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I'm not sure why people who buy recasts feel the need to justify themselves constantly. If you are happy with your illegal activity why keep telling us how OK with it you are?

Lol its not about justifying my purchasing of recasts, I'm fine with it
It is about how its hurting GW, its sales, and hold on the market however.

- Me personally... I don't even play the games I pretty much collect, paint and shelf the models. So it being recast has no bearing on its usefulness to me. Purely is about the materials used tbh. The price while cannot be complained about isn't much of a factor as it takes a month to get the damned things!
But I brought it up because its clearly getting popular. And will innevitably be hurting GW; Up untill about 2 maybe 3 years ago I had no clue how to get a hold of a recast GW product, now I see them often. Infact tried one and found it to be superiour.

HairySticks wrote:
Lol its not about justifying my purchasing of recasts, I'm fine with it
It is about how its hurting GW, its sales, and hold on the market however.

Yeah, we get it, you're a rebel:

http://www.youtube.com/watch?v=L397TWLwrUU

It's because they know they're doing something wrong.

They know that buying recasts, instead of just dumping GW and going to a different game still means that they're are still GW's bitch, no matter how much they protest GW's policies.

The problem as has been said is that GW cut production costs and raised prices instead of passing the savings on. Same deal with people who pirate software, or books or videos or whatever - the price is too much, but people want the product. So until the company learns how to correctly deal with Supply & Demand, people loosen their morals to get a product they want at a cost they're happy with versus the price the supplier wants.

Back on topic: With luck GW will learn and modify prices accordingly, even if its keeping them the same but offering more value. I have my doubts though, because I think they're arrogant/stupid enough to just think that people will buy whatever crap they put out, no matter how much it costs.

dereksatkinson wrote:

 Yodhrin wrote:
Yeah, sorry pal, the moment you try blaming the various financial crises on the general public, you lose any shreds of credibility you might otherwise have had.

Ah.. so all those people flipping houses were doing it at the behest of certified financial planners? Please.. People were trying to get rich without working. It's the bubble mentality.

Uhuh, sure, and that behaviour had nothing to do with the deregulation which allowed the bubble to form, or the investment banks which used that deregulation to create financial instruments which they knew were toxic and unsustainable, or the highstreet banks that handed out loans to people they knew were incapable of paying it back because they knew they could shift their liabilities off to other banks and pension funds using aforementioned instruments, or the neoliberal economists plastered wall-to-wall across TV screens assuring everyone that the naysayers were paranoid nutters and property was the best investment anyone could ever make, or the politicians who chose to base their economic strategies around a perpetually-growing housing market out of laziness or ignorance, or the finance industry lobbyists who worked tirelessly to preserve that system and those policy goals even when the cracks began to show. Nope, it was all them stupid lazy poors, tryin' to get rich without working.

Did you wander in here by mistake when looking for a Fox Business comment thread?

 azreal13 wrote:

WayneTheGame wrote:
I think they'd need to go even further than that, but that's a start. Rather than including the dice/templates/paints I'd rather see an actual decent "start a new army" box that includes a legal army instead of the current battleforces.

Agreed, and it was certainly in my thinking as a way to go, but speaking as someone with over a decade in retail sales management under my belt, one of the fastest ways to lose a customer once you've closed them is to start the "you'll need this, this, this and this" dialogue and be adding extra purchases on to the initial commitment (rather than upselling, which the customer still has a choice over.)

.

They have thought about those things in the past. Gorkamorka wasn't snap-fit so the box set (initial release at least) included the plastic glue. I don't think that inspiration carried through to Mordheim though.

 Vertrucio wrote:
It's because they know they're doing something wrong.

They know that buying recasts, instead of just dumping GW and going to a different game still means that they're are still GW's bitch, no matter how much they protest GW's policies.

Oh yeah totally this! lol!
:/
Now in seriousness, the thread is about GW financials, I only raised the topic of recasts and how they are surprisingly beating the official product on quality in many cases in hopes of us discussing how that affects GW financials ; on the GW financials discussion thread theres already plenty of threads about recasts out there on the web thanks

 Yodhrin wrote:

dereksatkinson wrote:

 Yodhrin wrote:
Yeah, sorry pal, the moment you try blaming the various financial crises on the general public, you lose any shreds of credibility you might otherwise have had.

Ah.. so all those people flipping houses were doing it at the behest of certified financial planners? Please.. People were trying to get rich without working. It's the bubble mentality.

Uhuh, sure, and that behaviour had nothing to do with the deregulation which allowed the bubble to form, or the investment banks which used that deregulation to create financial instruments which they knew were toxic and unsustainable, or the highstreet banks that handed out loans to people they knew were incapable of paying it back because they knew they could shift their liabilities off to other banks and pension funds using aforementioned instruments, or the neoliberal economists plastered wall-to-wall across TV screens assuring everyone that the naysayers were paranoid nutters and property was the best investment anyone could ever make, or the politicians who chose to base their economic strategies around a perpetually-growing housing market out of laziness or ignorance, or the finance industry lobbyists who worked tirelessly to preserve that system and those policy goals even when the cracks began to show. Nope, it was all them stupid lazy poors, tryin' to get rich without working.

Did you wander in here by mistake when looking for a Fox Business comment thread?

That's worth an exalt.

I think recasts are more a novelty thing than a real threat, mainly focused on high end 'unaffordable models' and finecast. With GW going all plastic I doubt it will impact sales much.

A far more damaging development could be GW's restrictions against online retailing. This decision could have shifted demand from discounted new product to the second hand market at sites like Ebay.

Forge World are one of GW's better performing business units, which does not imply they are being hurt by recasting. They are a small unit, too, so any lost sales are not going to have greatly affected GW as a whole.

As regards internet selling:

If you can buy the identical product from two different sources, you will buy it from the cheaper source. GW's mistake is to believe that you will still buy the product from the more expensive source if it is the only source.

Actually people will just stop buying GW products when the price is too high. Everyone doesn't stop at the same time, of course. There is a gradual falling off of sales volume.

The second hand market depends on the first hand market to provide inputs, so if first hand sales fall due to the high price, the second hand market prices will rise due to scarcity.

Many of us feel the prices have gradually been getting too high over the past few years, and GW have disguised this by economies and efficiencies in areas such as the retail chain, so their profits look OK.

If this feeds through to second hand, we can expect players to be pushed out of that market too. Unfortunatetly we cannot monitor second hand spending like the half-yearly GW financial reports.

 Yodhrin wrote:
Uhuh, sure, and that behaviour had nothing to do with the deregulation which allowed the bubble to form, or the investment banks which used that deregulation to create financial instruments which they knew were toxic and unsustainable, or the highstreet banks that handed out loans to people they knew were incapable of paying it back because they knew they could shift their liabilities off to other banks and pension funds using aforementioned instruments, or the neoliberal economists plastered wall-to-wall across TV screens assuring everyone that the naysayers were paranoid nutters and property was the best investment anyone could ever make, or the politicians who chose to base their economic strategies around a perpetually-growing housing market out of laziness or ignorance, or the finance industry lobbyists who worked tirelessly to preserve that system and those policy goals even when the cracks began to show. Nope, it was all them stupid lazy poors, tryin' to get rich without working.

Ever heard of the CRA? It was actually the democratic controlled congress that pushed for "subprime" home ownership and forced the banks to lower their lending standards.

http://www.forbes.com/2008/07/18/fannie-freddie-regulation-oped-cx_yb_0718brook.html

http://www.youtube.com/watch?v=6coIcgdgF5U

Bubbles are always caused by greed. You can try to blame it on the banks (which i'm by no means defending) but they aren't the ones buying 10 houses and trying to flip it.

Games Workshop wrote:5 February 2014

Games Workshop Group PLC

("Games Workshop" or the "Company")

The Company was informed today that John Laughlin, a person discharging managerial responsibility at Games Workshop,acquired 5,000 Ordinary Shares of 5 pence each ("Ordinary Shares") in the Company at a price of 525.5 pence per share.

The aggregate holding of Mr Laughlin, has therefore increased to 25,158 Ordinary Shares, representing approximately 0.08 per cent. of the issued ordinary share capital of the Company.

Never heard of the guy, and I don't think he's planning a takeover on these numbers, but clearly something GW are obliged to report.

I don't get the 5 pence each part. Does that mean they are still regarded as 5p shares even though they cost 525.5 pence each, or does it mean that he's bought them at 5p/each through some company reward scheme or is it something completely unrelated?

Since those 25,158 shares are worth just over £100,000, it's possible that he's a long-term employee, though and might have access to some generous stock purchasing package. But then why would he buy them now if he's getting them at a discounted rate.

Edit: He's global head of sales at GW since 2010. Could be a stock related bonus then.

 azreal13 wrote:
Never heard of the guy, and I don't think he's planning a takeover on these numbers, but clearly something GW are obliged to report.

It's only 5k shares so I wouldn't get too excited about the insider buying. Typically that is a good sign though.

If you are looking to go long a company's shares though, you want to see insider buying by lots of different people within the company. If you are seeing insider selling, it's probably a good time to be on the sidelines.

When a company is formed its shares are given a nominal price which is different to the price that the market will set.

Games Workshop wrote:Games Workshop Group PLC

(the "Company")

Total Voting Rights

3 February 2014

As at the date of this announcement the Company had 31,855,478 issued ordinary shares of 5 pence each admitted to trading. Each ordinary share carries the right to one vote in relation to all circumstances at general meetings of the Company. The Company does not hold any ordinary shares in Treasury.

The above figure may be used by shareholders and others with notification obligations as their denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

This was released on Monday too, probably connected?

I'm too far out of college and too rusty to accurately assess any implications of this stuff, so just reporting.

Herzlos wrote:
Could be a stock related bonus then.

No. He made a purchase. This wasn't a gift.

If he had stock options, it would have said he exercised the option to buy.


Automatically Appended Next Post:

 azreal13 wrote:

Games Workshop wrote:Games Workshop Group PLC

(the "Company")

Total Voting Rights

3 February 2014

As at the date of this announcement the Company had 31,855,478 issued ordinary shares of 5 pence each admitted to trading. Each ordinary share carries the right to one vote in relation to all circumstances at general meetings of the Company. The Company does not hold any ordinary shares in Treasury.

The above figure may be used by shareholders and others with notification obligations as their denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

This was released on Monday too, probably connected?

I'm too far out of college and too rusty to accurately assess any implications of this stuff, so just reporting.

It's irrelevant. They are stating the float. Nothing more.

dereksatkinson wrote:

Herzlos wrote:
Could be a stock related bonus then.

No. He made a purchase. This wasn't a gift.

If he had stock options, it would have said he exercised the option to buy.

Just a straight face-value purchase?

 Kilkrazy wrote:
When a company is formed its shares are given a nominal price which is different to the price that the market will set.

this is correct. When you get a stock certificate it will have a "par value" on there. It's meaningless.


Automatically Appended Next Post:

Herzlos wrote:

dereksatkinson wrote:

Herzlos wrote:
Could be a stock related bonus then.

No. He made a purchase. This wasn't a gift.

If he had stock options, it would have said he exercised the option to buy.

Just a straight face-value purchase?

he bought it on the open market by the looks of it.. Face value would have been buying each share at 5 pence per share...

Right I get it, he bought some shares that were created at 5p/share when they went public, but now cost 525.5p each?

It's a bizarre way to describe them, but I'm fine with that.

Herzlos wrote:
Right I get it, he bought some shares that were created at 5p/share when they went public, but now cost 525.5p each?

It's a bizarre way to describe them, but I'm fine with that.

Par wasn't the IPO price. It's the legal liability of the holder of the certificate. Usually they make that number as low as possible. When shares are issued, the country they are issued in require that the company set a par value. 99.99999999999% of the time it's meaningless.

StarFyre wrote:
Could some of the increase or level profits in other companies also be as a result of the design/quality?

For example, I am willing to pay (and did) a lot more for this:

http://sigur.tabletopgeeks.com/wp-content/blogs.dir/18/gallery/banebeasts-chimaera/chim9.jpg

than I am even $20 for: http://www.games-workshop.com/MEDIA_CustomProductCatalog/m1850322a_99120299022_Chimera01_445x319.jpg

if i could get it for $20

Some people may like the Gw one better ( i personally don't know anyone that does though).

A lot of the kickstarters i've seen and been part of don't really have rule sets but are more to get new ranges of models out there for painters and general gamers and just as pure alternatives, but many are much higher cost.

In general, GW may also be suffering from the higher end (the pure artist side, who from what I've seen, prefer alot of the super detailed resin models coming out of europe than the gamey models GW has).

Pricing themselves out of the low end customers, but not having interesting enough designs for the higher end consumer...

Just a thought.

Sanjay

Re: The Bane Beasts Chimera.....

Wow!

Just... wow....

That is one gorgeous model.

The Auld Grump

That one?

Get it here!

http://www.mierce-miniatures.com/index.php?act=pro&pre=mrm_dkl_ysn_kys_mbs_901_000

Fun fact: It was sculpted by a FW sculptor who couldn't release this within the GW network.

 Kroothawk wrote:
Fun fact: It was sculpted by a FW sculptor who couldn't release this within the GW network.

Now THAT is great news!

 Kroothawk wrote:
Fun fact: It was sculpted by a FW sculptor who couldn't release this within the GW network.

Was it the balls?

It was the balls wasn't it?

 azreal13 wrote:

 Kroothawk wrote:
Fun fact: It was sculpted by a FW sculptor who couldn't release this within the GW network.

Was it the balls?

It was the balls wasn't it?

You clearly have not seen Theodore Bruckner and Reaper or Lietpold the Black.

 Kanluwen wrote:

 azreal13 wrote:

 Kroothawk wrote:
Fun fact: It was sculpted by a FW sculptor who couldn't release this within the GW network.

Was it the balls?

It was the balls wasn't it?

You clearly have not seen Theodore Bruckner and Reaper or Lietpold the Black.

*sigh*

Or perhaps I was just making a little joke. Try not to be so intense Kan.

Hey, Chimera jibblies are serious business!