tag:blogger.com,1999:blog-4519319818452068646.post746245476856144952..comments2024-02-16T18:32:38.635-05:00Comments on The Back 40K: GW Releases Their Half-Year FinancialsFarmpunkhttp://www.blogger.com/profile/09622091234212120598noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4519319818452068646.post-89540044183100137002012-01-07T10:01:01.154-05:002012-01-07T10:01:01.154-05:00That is what companies do. Play with numbers. An...That is what companies do. Play with numbers. And the 'other sales businesses' is described as sales from Forgeworld and Black Library as indicated further down in the report.Spaguatyrinehttps://www.blogger.com/profile/09459803772469387289noreply@blogger.comtag:blogger.com,1999:blog-4519319818452068646.post-64798500840219579462012-01-07T09:30:59.451-05:002012-01-07T09:30:59.451-05:00@Oink
Yeah, the report isn't as detailed as I...@Oink<br /><br />Yeah, the report isn't as detailed as I'd like. There are plenty of places to play tricks with the numbers, such as "Other Sales Businesses"; which isn't defined even though it accounted for 800k of growth. Was that from sales of metal casting facilities? Who knows?<br /><br />But worst case (IMO), their revenues are 2-3m less than stated. Which still isn't the strategy-altering hit that's needed.SandWyrmhttps://www.blogger.com/profile/02265244938930651317noreply@blogger.comtag:blogger.com,1999:blog-4519319818452068646.post-35671363891780070382012-01-07T08:02:00.049-05:002012-01-07T08:02:00.049-05:00Very insightful post; minus the 'screw the Aus...Very insightful post; minus the 'screw the Aussies' experiment they do seem rather bulletproof and able to rely on successful franchise use to save their bacon. Don't forget projected earnings from the 40K MMO in the future.Ghostinhttps://www.blogger.com/profile/14612442936351544336noreply@blogger.comtag:blogger.com,1999:blog-4519319818452068646.post-36735613747517925182012-01-07T06:44:15.219-05:002012-01-07T06:44:15.219-05:00Also, just read one interesting line in the PDF:
...Also, just read one interesting line in the PDF:<br /><br />"As a niche business, we, in general terms, neither benefit nor suffer from macro economic factors as our current results show."<br /><br />In other words "we are recession proof" our numbers prove this. <br /><br />I find this interesting because they have INCLUDED the royalty payment from THQ into their numbers but neglect to clarify the exact payment... I wonder how their numbers would look without this royalty? <br /><br />2011 £15.9 million (2010: £11.5 million)<br /><br />If anyone is able to find out the value of the royalty it'd make for much more interesting discussions...Luis Nieveshttps://www.blogger.com/profile/16104268520391688183noreply@blogger.comtag:blogger.com,1999:blog-4519319818452068646.post-81495466250198560642012-01-07T06:35:18.947-05:002012-01-07T06:35:18.947-05:00The oddities in the Aus region may be representati...The oddities in the Aus region may be representative of investments that are being made (but may not yet be complete) for instance... the setting up of stores... this would account for monies spent (therefore effects on profit) whilst also supporting the idea that sales are growing in that region.<br /><br />However, just this week there was a short article in a UK paper indicating that current profits are sitting at +40% and a resulting jump in share prices and could be representative of a bumper christmas rush... increased royalty deposits etc.Luis Nieveshttps://www.blogger.com/profile/16104268520391688183noreply@blogger.comtag:blogger.com,1999:blog-4519319818452068646.post-55933320665489416702012-01-07T06:04:44.431-05:002012-01-07T06:04:44.431-05:00To me it shows that in a difficult economy that th...To me it shows that in a difficult economy that they made some good business decisions to stay positive comp sales and profits which is the goal of any company. Even though the operating statements are not the same I am used to looking at, I would like to see a general ledger to see what their cost of sales and operating expenses actually are, but it looks like their have grown thier business. <br /><br />Good for them!Spaguatyrinehttps://www.blogger.com/profile/09459803772469387289noreply@blogger.comtag:blogger.com,1999:blog-4519319818452068646.post-37544274805112372512012-01-07T01:26:17.877-05:002012-01-07T01:26:17.877-05:00I'm not gonna lie, Sandwyrm, but I look forwar...I'm not gonna lie, Sandwyrm, but I look forward to these posts of yours at the end of each financial period. I find this stuff incredibly interesting, and am curious myself on how GW is doing, but I have NO head for sifting through the information. <br /><br />So... kudos! I approve!Artemihttps://www.blogger.com/profile/00569817038043333178noreply@blogger.com