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AdmiralHalsey wrote:

 Ghaz wrote:

AdmiralHalsey wrote:
Ouch. Now they'll never regret that terrible 8th edition rules set...

30 million of operating profit is a lot of money to reinvest in the business, though. Maybe some new plastics... Maybe Sisters, huh, GW? Maybe Plastic Aspects? You can't tell us you can't afford it now...

GW needs to invest in the capacity to produce more plastic kits first.

They've got to invest that 30million in some-

Oh right. More Space Marines. How silly of me.

No, they have to invest it in getting all of the 'Temporarily Out of Stock' product back in stock i.e., the equipment and infrastructure to make (produce) more plastic kits.

 Ghaz wrote:

AdmiralHalsey wrote:

 Ghaz wrote:

AdmiralHalsey wrote:
Ouch. Now they'll never regret that terrible 8th edition rules set...

30 million of operating profit is a lot of money to reinvest in the business, though. Maybe some new plastics... Maybe Sisters, huh, GW? Maybe Plastic Aspects? You can't tell us you can't afford it now...

GW needs to invest in the capacity to produce more plastic kits first.

They've got to invest that 30million in some-

Oh right. More Space Marines. How silly of me.

No, they have to invest it in getting all of the 'Temporarily Out of Stock' product back in stock i.e., the equipment and infrastructure to make (produce) more plastic kits.

Yes and No
On the one hand lets not forget one factory is underpowered at present so their production is hindered a little.
Also machines, factories and infrastructure are expensive as GW keeps things in-house in the UK. So I do agree they will want to expand, but they shouldn't expand too fast; otherwise they could expand to fill the gap now and then find in another 6 months the demand eases off past the peek of new codex releases; leaving them with too much production capacity.
Granted machines can be sold on or left unused; rented properties though and extra staff are a continual drain and both can be less easily quickly dropped unless organised under short term initially (plus if you've rented and spend money putting in the infrastructure the last thing you want is to abandon it all)

I agree they shouldn't expand too fast, but taking care of their production problems should be their first priority.

They (reportedly) need to buy a big bucket of electricity and some thick wires to run all of their casting machines at once,

and hopefully a few more new machines too so they can do more slide tools at least for the larger kits

They're on it?????

AdmiralHalsey wrote:
Ouch. Now they'll never regret that terrible 8th edition rules set...

I think they did already? That terrible awful gakky 8th edition was canned - and then they released Age of Sigmar.

And Warhammer 40k is better than it's ever been

I’d like to see them bring all the scenery in house.

What they make looks lovely. Some of the outsourced kits though? Absolute pain the backside.

I mean, not by general modelling standards as things go, but compared to the rest of their range there just seems little excuse.


Automatically Appended Next Post:

 judgedoug wrote:

AdmiralHalsey wrote:
Ouch. Now they'll never regret that terrible 8th edition rules set...

I think they did already? That terrible awful gakky 8th edition was canned - and then they released Age of Sigmar.

And Warhammer 40k is better than it's ever been

Fight fight fight fight fight!

Lythrandire Biehrellian wrote:Who would have thought interaction with the community and attempting to make the game more user friendly would have had a positive impact...

Looks like Kevin Roundtree knew.

jtrowell wrote:

ERJAK wrote:
2 things:

1. It's hilarious everytime someone outside the hobby tries to describe it.

2. HOLY MOTHER OF GOD. This pretty much has to end up in every major business textbook for the next 50 years right? 174.4% increase in share price, 50% increase in sales, operating profit tripled?

People are really heavily focusing on what this means for GW going forward but I think it's actually going to be much more valuable as a case study on the effects of consumer engagement.

Don't forget that this is relative to their last year.

Which was a banger too in a year leading up to the launch of a new edition of their flagship game. They're set to make as much money in 8 months as they made on an excellent last year. That's impressive no matter how you cut it.

The best thing to happen to GW was something they had nothing to do with, and that was the fall in valve of the pound.
GW sell a lot of stuff abroad, and almost over night all of those sales were worth 1.5 times more to them.
So don't go congratulating them too much. Hopefully if they invest this profit boost correctly it will mean good things for the future, but they may just pay out a big dividend to their most important people, I.e. Their shareholders, cuz that's how plc companies operate.

 Mad Doc Grotsnik wrote:
I’d like to see them bring all the scenery in house.

What they make looks lovely. Some of the outsourced kits though? Absolute pain the backside.

I mean, not by general modelling standards as things go, but compared to the rest of their range there just seems little excuse.


Automatically Appended Next Post:

 judgedoug wrote:

AdmiralHalsey wrote:
Ouch. Now they'll never regret that terrible 8th edition rules set...

I think they did already? That terrible awful gakky 8th edition was canned - and then they released Age of Sigmar.

And Warhammer 40k is better than it's ever been

Fight fight fight fight fight!

What on earth's a Pagga?

And completely agree on the terrain, the Deathworld Terrain looks amazing but was a right pain in the backside to put together due to shoddy quality Chinese plastic.

Pagga, noun.

A free for all fight between anyone who wants to join in.

 Mad Doc Grotsnik wrote:
Pagan, noun.

A free for all fight between anyone who wants to join in.

like an intertubes gaming forum then ?

I guess, more or less!

 Symbio Joe wrote:

 H.B.M.C. wrote:
Let's all celebrate with an across-the-board price rise!

They probably have soooo many loses because of Brexit they have to compensate for. I'm rakeing in some models before that dumpsterfire is extinguished.

Brexit is actually a boon for a company making tangible goods like GW. It suppresses prices and makes their products more competitive on a world market (Also they can pay their employees relatively less). Brexit's problems come from the reality that the UK isn't a manufacturing economy, and literally every other industry hurts from it.

 Turnip Jedi wrote:

 Mad Doc Grotsnik wrote:
Pagan, noun.

A free for all fight between anyone who wants to join in.

like an intertubes gaming forum then ?

Only with more blood and civilized behavior.

 Hollow wrote:
Great news considering the company is filled with 'incompetent idiots who don't know how to make a game'.

These two things are not mutually exclusive you know...

Yes. Because £38,000,000 profit in six months is the hallmark of all poorly run businesses.

I have to admit a morebid fascination with hiw thisbsill compare to how privateerpress is doing.

I'm not a PP hater, and I think there is more than enough room in the ecosystem for both...

But at the same time, suck it PP

Carlovonsexron wrote:
I have to admit a morebid fascination with hiw thisbsill compare to how privateerpress is doing.

I'm not a PP hater, and I think there is more than enough room in the ecosystem for both...

But at the same time, suck it PP

I am also curious if other companies like Mantic saw their profit increase? Or is their profit declining with how well GW currently is doing. I thought with the dead of WFB that Mantic would really start off, but I don't think it happened.

 Tamereth wrote:
The best thing to happen to GW was something they had nothing to do with, and that was the fall in valve of the pound.
GW sell a lot of stuff abroad, and almost over night all of those sales were worth 1.5 times more to them.
So don't go congratulating them too much. Hopefully if they invest this profit boost correctly it will mean good things for the future, but they may just pay out a big dividend to their most important people, I.e. Their shareholders, cuz that's how plc companies operate.

Do you have information to back up this claim? The only thing I can find is in the last report which had included revenue as constant currency. Please cite source. Also interested in the "1.5 times figure", could not correlate the pound crash to any other foreign currency at that increase in value.

 judgedoug wrote:

 Tamereth wrote:
The best thing to happen to GW was something they had nothing to do with, and that was the fall in valve of the pound.
GW sell a lot of stuff abroad, and almost over night all of those sales were worth 1.5 times more to them.
So don't go congratulating them too much. Hopefully if they invest this profit boost correctly it will mean good things for the future, but they may just pay out a big dividend to their most important people, I.e. Their shareholders, cuz that's how plc companies operate.

Do you have information to back up this claim? The only thing I can find is in the last report which had included revenue as constant currency. Please cite source. Also interested in the "1.5 times figure", could not correlate the pound crash to any other foreign currency at that increase in value.

I can believe it. The company I was working at at the time exported books. We had the best trading day in the company's history the day after the Brexit vote, bigger than any Christmas by a large multiple, as the pound plummeted and suddenly everyone overseas chose us to buy from. So sales leapt and being paid in dollars meant the weak pound benefitted the company when they changed it back. This effect didn't go away.

Surely that would only affect the wholesale price?

I mean, if it costs $10US to buy in, then the buyer is getting extra munneh because the pound is shafted. I doubt they’re passing that on to the end user?

As for PP, Mantic etc...

This is the trouble with this particular market. To the best of my knowledge, GW are the only PLC in the market, and thus the only one to publish ratified accounts every 6 months.

Thus, we’ve absolutely no idea how the rest of the industry might be fairing. It could be boom time all round. It could be that GW has reclaimed their place as the biggest Cash Blackhold.

Even that survey that’s published is of extremely limited use, as GW themselves don’t partake. If you look at GW’s annual reports, you can see the amount of their sales that therefore aren’t factored in. And being a voluntary survey, we’ve no idea how many of FFGs outlets are taking part etc.

Either wholesale, yes, or direct sales in non-GBP currencies. They all became worth more overnight.

And what this tells GW is that it can keep making worse and worse rules + fluff and still make profit. Hopefully this will cradle them into a false security and then BAM a death knell will hit them like never before. Oh sweet sweet death of GW I cant wait. Like the waiting for a hated old father to perish.

The captive IPs will be spread with the wind and not before then might they thrive again.

Oh. Kaaaay.

FudgeDumper wrote:
And what this tells GW is that it can keep making worse and worse rules + fluff and still make profit. Hopefully this will cradle them into a false security and then BAM a death knell will hit them like never before. Oh sweet sweet death of GW I cant wait. Like the waiting for a hated old father to perish.

The captive IPs will be spread with the wind and not before then might they thrive again.

You must be fun at parties.

 Tamereth wrote:
The best thing to happen to GW was something they had nothing to do with, and that was the fall in valve of the pound.
GW sell a lot of stuff abroad, and almost over night all of those sales were worth 1.5 times more to them.
So don't go congratulating them too much. Hopefully if they invest this profit boost correctly it will mean good things for the future, but they may just pay out a big dividend to their most important people, I.e. Their shareholders, cuz that's how plc companies operate.

Is Games Workshop the only company in UK that does business? While you maybe correct, how come other companies in UK are not like GW then? If you are trying to put a negative spin on this and doing what you can so GW does not get praised, how come other companies are not doing as good as GW?

Maybe the changes GW did do, also helped into the increase in profits?

Like come on dude, if you are still sour on GW at least back up your facts. So please make a list of all the other UK companies that improved so much like GW because the fall in value of the pound. You can state 10 of them, then you can be correct in your assessment, if you can't then what you say is just your sour opinion and not fact as you claim.

FudgeDumper wrote:
The captive IPs will be spread with the wind and not before then might they thrive again.

Or the IP fails to sell and gets held for decades by a finance firm

Or the IP gets bought by a company well outside of the gaming world who uses it for other things - coming soon the new blockbuster Warhammer film by Hollywood. Follow the adventures of Private Bill who works his way from a lowly guardsman to the position of terminator with the help of his good friend Bob the Necron and his girlfriend who happens to be an Eldar Princess in hiding in the Emperors armies. (and of course no more models - its all action figures)

Or the IP gets bought by a company that tries their best, but honestly hasn't got the millions needed to save the franchise. You get a hit-miss series of random releases over a few years before it all dies off again.

Or another company buys it up, but uses it to market block and refuses to put it into production again, thus securing the market for thier own game


Ok so seriously if things got so bad that GW went into liquidation chances are the game market would have changed a lot and some company might be able to take it on. But it would still be a terrible time for gamers; not forgetting that in the run-up to liquidation chances are you'd have dwindling sales; local clubs falling apart; other companies pushing seriously into the market. You could even end up with GW so marginalised that whilst another company would take it over it would never rise to the fore again - going from mainstream to niche.

I think they did already? That terrible awful gakky 8th edition was canned - and then they released Age of Sigmar.

And Warhammer 40k is better than it's ever been

8th ed. Fantasy was the best rules set GW has ever produced. AOS is mindless drivel.

8th. ed. 40K is only better because 7th. sucked so badly, but truthfully 40K has always been bad rules wise. 8th. went way too far in oversimplifying the rules.