GW 2010 Financials

[Bigred]

Yearly report... read all about it here:

http://investor.games-workshop.com/downloads/results/results2010/2009-10_FinalFullYearReport.pdf

[eldargal]

Another good year for GW, despite all the predictions from the internet economists.:rolleyes: Profits up, costs down.

They are now debt free, which is a big thing for a company in the current financial climate.

Royalties down, they seem to blame the downturn in the video game market due to the GFC.

They also acknowledge that business management in North America isn't as good as it should be.

[energongoodie]

I bought my shares at 166. That's not a bad increase :) and I'm getting a dividend, which I will buy models with guilt free.
Awesome.

[Duke]

I still wouldn't buy the stock for nothing more than nostalgic purposes.

Duke

[energongoodie]

I still wouldn't buy the stock for nothing more than nostalgic purposes.

Duke

I wouldn't buy it now either. But it was worth buying 3 years ago :)

[Mauglum.]

Hi all.
IF we take currency fluctuations into account they have a slight dip in revenue, compard to last year ,but the restructuring means they have made more profit .

And if we take a look at the last 10 years ,the increse in revenue is falling way behind the increase in retial prices.

Therfore GW s customer base is shrinking year on year.:eek:

As most GOOD companies operate on a profit of 30% MINIMUM of revenue, GW is NOT that efficient yet.
(My company had a clear profit of 43% of turn over this year.)

GWs managment are in a' holding patern ' waiting for a buy out, IMO.

TTFN.