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Was it Watford? That was closed yesterday for staff holiday, my mate went down to check out the WD about the Knights and was disappointed.
Ex-Mantic Rules Committees: Kings of War, Warpath
"The Emperor is obviously not a dictator, he's a couch." Starbuck: "Why can't we use the starboard launch bays?"
Engineer: "Because it's a gift shop!"
dereksatkinson wrote: You are mistaken if you think I has disdain for the opinion of everyone here.. Just people that are making projections based off a single trade print or a snapshot of sales over a single quarter.
This might be the reason this thread seems to be everyone vs you in places.
We are not basing anything off this and only this report. The last report said flat revenue after adjusting for inflation, so did the one before that and the one before that. We have seen falling sales for YEARS now and been saying that this, exactly what seems to be starting to happen now, would be the outcome if GW didn't do something. People were accusing GW or raising prices and cutting costs to cover falling sales and now GW seem to finally be in a position where they can't do that anymore. That's why people aren't accepting 'yeah but the economy is bad now' as a response. People saw this coming a year or two off.
Baragash wrote: Was it Watford? That was closed yesterday for staff holiday, my mate went down to check out the WD about the Knights and was disappointed.
Dynamix wrote: A very local sign that GW seems to have pared the business down to the bone as far as store staff is that I passed a store on a Saturday ( yesterday ) in a good location in a busy shopping mall that was closed due to staff holidays .
In the past staff were able to be shifted from other stores to cover , seems there may be no spare capacity for this now
We recently got a GW store locally here in Hoover, Alabama and I've only been by twice. The second time I went by was on a Wednesday afternoon, if I recall. It was locked. I haven't been back.
If you want people to visit your stores, you may want to have them staffed enough to stay open.
WH40K Death Guard 5100 pts.
Daemons 3000 pts.
DT:70+S++G+M-B-I--Pw40K90-D++A++/eWD?R++T(D)DM+
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A question: For the past month the stock price is hanging not that far from the 500 mark, briefly dipping just below it before going back up.
If the stock price falls to 499 or lower and stays there for an extended period of time, will it cause the shareholders to panic because they perceive the price to be much lower than it really is, for the same reason as your average joe thinks that $29.99 is way cheaper than $30 due to Just-Under/Psychological Pricing?
This message was edited 2 times. Last update was at 2014/02/26 13:08:31
You're asking an impossible question. Every shareholder will be thinking differently, there's no way to generalise.
The odds are, those who were likely to get spooked have sold already, so existing stockholders are now probably in it for the long haul in the hope that the price recovers, which, historically, it will given time. Unless GW continue to post falling income.
We find comfort among those who agree with us - growth among those who don't. - Frank Howard Clark
The wise man doubts often, and changes his mind; the fool is obstinate, and doubts not; he knows all things but his own ignorance.
The correct statement of individual rights is that everyone has the right to an opinion, but crucially, that opinion can be roundly ignored and even made fun of, particularly if it is demonstrably nonsense!” Professor Brian Cox
There's also the chance that if the price drops to a certain point that people will buy it as they perceive the price to be below what they believe it should be.
jonolikespie wrote: That's why people aren't accepting 'yeah but the economy is bad now' as a response. People saw this coming a year or two off.
Saw what exactly? A 10% drop in sales? The stock price to drop? because those aren't exactly that uncommon and not necessarily related to management decisions. I've been hearing how doomed GW was since the 1990s because of how they treated their customers. It's always popular to bash them for their rules and business practices.
Kroothawk wrote: I assume, that if the share price goes below 500, another wave of automatic sells is triggered.
Based on what exactly??
And you didn't didn't show me where you are getting this information that these were "automatic" buys and sells.
Last I checked, buy/sell stops weren't public knowledge.
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Saldiven wrote: There's also the chance that if the price drops to a certain point that people will buy it as they perceive the price to be below what they believe it should be.
yes.. someone has to be buying each time someone sells. Hence, the term "market".
This message was edited 1 time. Last update was at 2014/02/26 16:05:57
jonolikespie wrote: That's why people aren't accepting 'yeah but the economy is bad now' as a response. People saw this coming a year or two off.
Saw what exactly? A 10% drop in sales? The stock price to drop? because those aren't exactly that uncommon and not necessarily related to management decisions. I've been hearing how doomed GW was since the 1990s because of how they treated their customers. It's always popular to bash them for their rules and business practices.
Forget about the drop is stock price, because that has 0 relevancy to the average GW customer. But that 10% drop in sales (combined with a 30% drop in profits wasn't it?), came in the same period where they re-released their flagship product, the one that supposedly accounts for half their annual sales volume (no, its not 40k, its Space Marines).
Try to spin it anyway that you like, but that isn't a sign of a healthy company.
PhantomViper wrote: Forget about the drop is stock price, because that has 0 relevancy to the average GW customer. But that 10% drop in sales (combined with a 30% drop in profits wasn't it?), came in the same period where they re-released their flagship product, the one that supposedly accounts for half their annual sales volume (no, its not 40k, its Space Marines).
Try to spin it anyway that you like, but that isn't a sign of a healthy company.
I'm not spinning anything.
A single quarterly (or biannual) report is meaningless. Sales revenue and profit can drop even when times are good. That's just the nature of accounting. When you recognize gains and losses isn't always distributed equally. Sometimes it's that way because the company wants to minimize it's tax hit.
That being said, I never said it was a good report for GW. I just don't think it's "doomsday omg GW is going bankrupt" that the GW bashers seem to harp on. They are so emotionally invested into hating on GW that they are watching the ticks of GW's stock price and salivating at every downtick. Each downtick mind you is always because of chapterhouse, Kirby and the rules being unbalanced.
PhantomViper wrote: Forget about the drop is stock price, because that has 0 relevancy to the average GW customer. But that 10% drop in sales (combined with a 30% drop in profits wasn't it?), came in the same period where they re-released their flagship product, the one that supposedly accounts for half their annual sales volume (no, its not 40k, its Space Marines).
Try to spin it anyway that you like, but that isn't a sign of a healthy company.
I'm not spinning anything.
A single quarterly (or biannual) report is meaningless. Sales revenue and profit can drop even when times are good. That's just the nature of accounting. When you recognize gains and losses isn't always distributed equally. Sometimes it's that way because the company wants to minimize it's tax hit.
That being said, I never said it was a good report for GW. I just don't think it's "doomsday omg GW is going bankrupt" that the GW bashers seem to harp on. They are so emotionally invested into hating on GW that they are watching the ticks of GW's stock price and salivating at every downtick. Each downtick mind you is always because of chapterhouse, Kirby and the rules being unbalanced.
6 pages of mostly nonsense to finally get to the point in terms people may understand. DA has been consistent throughout this thread and as an analyst + accountant with 25yrs experience I would say he is fairly accurate:
1) Report isn't good and the trend isn't that good either.
2) Redimentary reading of the balance sheet shows that GW has a long way to go before it dies or comes close. Some may argue a sales death spiral is in evidence but those take a while to truely manifest.
3) Share price is often built on emotion and is forward looking - accounting reports are historic (useful but still historic) and accounting policy (and often reports) may make changes to financial statements that have no bearing on reality.
4) If GW was going under and we could tell then so could its institutional investors. Its share price would be through the floor.
5) Always remember financial statements are only a guide and one doesnt make invest decisions based purely on them.
Watching a share price is interesting, especially if you have a dog in the show, but overall it is of little consequence to the true health of a company. As an example, Bank of America was trading at around $50. It plunged to $5 based purely on emotion and stupidity. I picked it up at $6.50 and currently it is trading at around $16. There was no way that was going under.
It is a similar story for my BP holdings and me double downing on REIT's. Mind you doubling down on JCP may not have been my best move - now there is a company stare bancrupty in the face.
2014 will be the year of zero GW purchases. Kneadite instead of GS, no paints or models. 2014 will be the year I finally make the move to military models and away from miniature games.
This message was edited 1 time. Last update was at 2014/02/26 17:27:37
Its hard to be awesome, when your playing with little plastic men. Welcome to Fantasy 40k
If you think your important, in the great scheme of things. Do the water test.
Put your hands in a bucket of warm water,
then pull them out fast. The size of the hole shows how important you are.
I think we should roll some dice, to see if we should roll some dice, To decide if all this dice rolling is good for the game.
Lol, really, i have a very bad opinion of GW, one i am not shy of shearing, but hate? lol that is so energy and time consuming, they are definetly not worth my time.
Regarding stock specialists, while i do hear them when them make sence, bottom line they are matriculated gamblers.
This message was edited 2 times. Last update was at 2014/02/26 17:40:19
fullheadofhair wrote: 1) Report isn't good and the trend isn't that good either.
2) Redimentary reading of the balance sheet shows that GW has a long way to go before it dies or comes close. Some may argue a sales death spiral is in evidence but those take a while to truely manifest.
3) Share price is often built on emotion and is forward looking - accounting reports are historic (useful but still historic) and accounting policy (and often reports) may make changes to financial statements that have no bearing on reality. 4) If GW was going under and we could tell then so could its institutional investors. Its share price would be through the floor.
5) Always remember financial statements are only a guide and one doesnt make invest decisions based purely on them.
Watching a share price is interesting, especially if you have a dog in the show, but overall it is of little consequence to the true health of a company.
Exactly. None of what I've said should be considering controversial.
If you go back to my posts on this topic, i've been consistent by saying I wouldn't buy shares in GW because I have a very negative view on the economy and especially retailers. In other words, I think the share prices will be down in the intermediate/long term which has NOTHING to do with the business itself. I'd be much more concerned about a company that is expanding in this environment, taking on debt and is not bracing for hard times.
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xxvaderxx wrote: Regarding stock specialists, while i do hear them when them make sence, bottom line they are matriculated gamblers.
Specialists are actually market makers.. They make their money by creating liquidity on behalf of exchanges.
If you are talking about the people posting on those forums, they are refereed to as retail investors/ small speculators. They aren't licensed and are rarely disciplined.
This message was edited 1 time. Last update was at 2014/02/26 19:41:50
PhantomViper wrote: Forget about the drop is stock price, because that has 0 relevancy to the average GW customer. But that 10% drop in sales (combined with a 30% drop in profits wasn't it?), came in the same period where they re-released their flagship product, the one that supposedly accounts for half their annual sales volume (no, its not 40k, its Space Marines).
Try to spin it anyway that you like, but that isn't a sign of a healthy company.
Don't feed the troll and he might get bored and go away.
PhantomViper wrote: Forget about the drop is stock price, because that has 0 relevancy to the average GW customer. But that 10% drop in sales (combined with a 30% drop in profits wasn't it?), came in the same period where they re-released their flagship product, the one that supposedly accounts for half their annual sales volume (no, its not 40k, its Space Marines).
Try to spin it anyway that you like, but that isn't a sign of a healthy company.
Don't feed the troll and he might get bored and go away.
spounting nonsense and making irrelvent points is what is feeding DA.
2014 will be the year of zero GW purchases. Kneadite instead of GS, no paints or models. 2014 will be the year I finally make the move to military models and away from miniature games.
Now, forgive me in my ignorance, but that look likes the type, time/date, volume, price and trade value of each trade to me.
Sorry its a bit ugly, but I couldn't lift an image, just the text.
This message was edited 1 time. Last update was at 2014/02/26 22:34:06
We find comfort among those who agree with us - growth among those who don't. - Frank Howard Clark
The wise man doubts often, and changes his mind; the fool is obstinate, and doubts not; he knows all things but his own ignorance.
The correct statement of individual rights is that everyone has the right to an opinion, but crucially, that opinion can be roundly ignored and even made fun of, particularly if it is demonstrably nonsense!” Professor Brian Cox
spounting nonsense and making irrelvent points is what is feeding DA.
Just put him on your ignore list alongside all the other abrasive trolls and you never have to read another word he posts ever again, unless someone quotes him of course
RegalPhantom wrote: If your fluff doesn't fit, change your fluff until it does
The prefect example of someone missing the point.
Do not underestimate the Squats. They survived for millenia cut off from the Imperium and assailed on all sides. Their determination and resilience is an example to us all.
-Leman Russ, Meditations on Imperial Command book XVI (AKA the RT era White Dwarf Commpendium).
Its just a shame that they couldn't fight off Andy Chambers.
Warzone Plog
While 'fan' may be pushing it a bit, I think, and have continued to do so, that he has valid arguments which provide an alternate view on the situation, my issue is, and continues to be, with the way he chooses to express those views and apparent inability to consider the possibility that those that think differently may also have a point, and apparent reluctance to accept any sort of information that doesn't jive with what he thinks.
"The sign of an educated mind is the ability to consider an idea without accepting it" as they say.
Also
"You catch more flies with honey than with piss. "
We find comfort among those who agree with us - growth among those who don't. - Frank Howard Clark
The wise man doubts often, and changes his mind; the fool is obstinate, and doubts not; he knows all things but his own ignorance.
The correct statement of individual rights is that everyone has the right to an opinion, but crucially, that opinion can be roundly ignored and even made fun of, particularly if it is demonstrably nonsense!” Professor Brian Cox
While 'fan' may be pushing it a bit, I think, and have continued to do so, that he has valid arguments which provide an alternate view on the situation, my issue is, and continues to be, with the way he chooses to express those views and apparent inability to consider the possibility that those that think differently may also have a point, and apparent reluctance to accept any sort of information that doesn't jive with what he thinks.
"The sign of an educated mind is the ability to consider an idea without accepting it" as they say.
Also
"You catch more flies with honey than with piss. "
But vinegar catches more than either.
The other problem is that he cherry picks data to support his argument - even when the data does not fit the query. (The whole Cypriots issue.)
The Auld Grump, it's sort of like listening to talk radio....
Kilkrazy wrote:When I was a young boy all my wargames were narratively based because I played with my toy soldiers and vehicles without the use of any rules.
The reason I bought rules and became a real wargamer was because I wanted a properly thought out structure to govern the action instead of just making things up as I went along.
An automatic trade executed by the trading system. Automatic trades are executed by matching buy and sell orders.
Ordinary
The transaction was not covered by any of the other trade types listed.
So no.. it's not the kind of "automatic" trade you are thinking of. All that it's saying is that it was instantly executed once the buy and sell side were both put into the electronic system. It wasn't negotiated by two brokers as a BLOCK trade (in this case negotiated is the terms the LSE uses)
The term you guys are looking for is a stop order.
An automatic trade executed by the trading system. Automatic trades are executed by matching buy and sell orders.
Ordinary
The transaction was not covered by any of the other trade types listed.
So no.. it's not the kind of "automatic" trade you are thinking of. All that it's saying is that it was instantly executed once the buy and sell side were both put into the electronic system. It wasn't negotiated by two brokers as a BLOCK trade (in this case negotiated is the terms the LSE uses)
The term you guys are looking for is a stop order.
Considering everyone from a small spec to a large institution can use an electronic trading platform, it's pretty much useless information.
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fullheadofhair wrote: spounting nonsense and making irrelvent points is what is feeding DA.
I've got 6 months till my ETFs are up and running.. I've got time.
You're utterly incapable of not being patronising aren't you?
We find comfort among those who agree with us - growth among those who don't. - Frank Howard Clark
The wise man doubts often, and changes his mind; the fool is obstinate, and doubts not; he knows all things but his own ignorance.
The correct statement of individual rights is that everyone has the right to an opinion, but crucially, that opinion can be roundly ignored and even made fun of, particularly if it is demonstrably nonsense!” Professor Brian Cox
While 'fan' may be pushing it a bit, I think, and have continued to do so, that he has valid arguments which provide an alternate view on the situation, my issue is, and continues to be, with the way he chooses to express those views and apparent inability to consider the possibility that those that think differently may also have a point, and apparent reluctance to accept any sort of information that doesn't jive with what he thinks.
"The sign of an educated mind is the ability to consider an idea without accepting it" as they say.
Also
"You catch more flies with honey than with piss. "
I am not the greatest fan of his writing but the points he is making are very relevant imho. He is buy and large accurate though I do take issue with some of his P+L comments. I understood the thematic points he was making with Cyprus etc but myself I would have used something else.
However, I really think this thread has a fundamental flaw to it. Very few people truly understand how an exchange works and just as few people truly understand how a shareprice is formed. I think this has been DA's issue in this thread and I am afraid I have to agree with him. I see little value to this thread to be honest.
2014 will be the year of zero GW purchases. Kneadite instead of GS, no paints or models. 2014 will be the year I finally make the move to military models and away from miniature games.
Death Guard 5100 pts.
Daemons 3000 pts.
CSM Undivided
CSM Khorne 
Good thing you asked to be pardoned for your ignorance...