GW Annual Financial Report dropping this week

[Flammenwerfer13]

Just an FYI to the community! Games Workshop HAS to release their Financial Report by no later than Thursday (31 July 2014).

Hopefully we can get a glimpse of what is going on behind the curtain so we can confirm/deny if they're going down the "everything allowed" for profits or desperation.

~Mod edit:

[URL="http://investor.games-workshop.com/wp-content/uploads/2014/07/Chairmans-Preamble-2014.pdf"]Chairman's Preamble 2014[/URL]
Begins with this:

"Games Workshop has had a really good year.

If your measure of 'good' is the current financial year's numbers, you may not agree. But if your measure is the long-term survivability of a great cash generating business that still has a lot of potential growth, then you will agree."

[URL="http://investor.games-workshop.com/wp-content/uploads/2014/07/2013-14-Press-statement-final-website.pdf"]Games Workshop Annual Report 2014 - Press Announcement[/URL]

[URL="http://investor.games-workshop.com/wp-content/uploads/2014/07/Games-Workshop-Group-14-combined-FINAL.pdf"]Annual Report 2014 (Full Report)[/URL]

Attachment 10236

[Wolfshade]

This is not 40k news.

GW releases their accounts in accordance with UK law, they are allowed to defer it for certain reasons but there is no reason to claim that. They have been regularly releasing their annual and half year results on clockwork for years.

The results won't show you what you are looking for as they will not show sales volume only revenue.

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Indeed, we can do better and annouce:

•29 July 2014 – Announcement of full year results
•17 September 2014 – Annual general meeting

Though how much of a news something that has been written down on a publically available calendar is I don't know

http://investor.games-workshop.com/financial-calendar/

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Also, everything that they do is "for profits" after all that is the legal responsibility of ever publically listed company.

[Mr Mystery]

Just an FYI to the community! Games Workshop HAS to release their Financial Report by no later than Thursday (31 July 2014).

Hopefully we can get a glimpse of what is going on behind the curtain so we can confirm/deny if they're going down the "everything allowed" for profits or desperation.

[url=http://uk.moneycentral.msn.com/investor/quotes/quotes.aspx?symbol=GB%3aGAW]I've hacked the stock exchange, and many boffins died to bring us this information, which honestly isn't you know, completely publically availbale on account it has to be being a publically listed company[/url]

Bit of a jump, with the results coming shortly.

[CoffeeGrunt]

Well this was a non-event of a thread.

[Wolfshade]

My thoughts exactly.

But then most of them are concerning GW finance and stocks

[Mr Mystery]

Nonsense! Everyone knows it is the job of the community to complain endlessly and bend facts and figures to suit their own wildly paranoid theories about how GW is losing money hand over fist despite actually being in profit!

(no, really. Dakka goon claimed GW are cooking the books, because clearly his baseless assertion they were making massive losses).

[Path Walker]

Where are the usual voices decrying GWs practises and thinking they know how to run the business better?

Its almost like they only show their faces when the company has a downturn but when its doing well, they're no where to be seen.

[Mr Mystery]

We won't know how they're doing until tomorrow.

Also worth noting that the 6 month results, whilst disappointing, didn't require a profit warning....

[Bigred]

[URL="http://investor.games-workshop.com/wp-content/uploads/2014/07/Chairmans-Preamble-2014.pdf"]Chairman's Preamble 2014[/URL]
Begins with this:

"Games Workshop has had a really good year.

If your measure of 'good' is the current financial year's numbers, you may not agree. But if your measure is the long-term survivability of a great cash generating business that still has a lot of potential growth, then you will agree."

Some choice quotes:

...In the technological world we occupy there is constant debate over who 'innovates' and who merely copies. We have, this last year, spent an indecent amount of your money trying to stop someone stealing our ideas and images. It is a very difficult thing to do when it is done through a legal system designed to prevent people stealing hogs from one another. Our experience has probably been typical of most – far too much money spent on far too little gain. The argument is that we have to do this or we will, bit by bit, lose everything that we hold dear, everything that keeps the business going. Our crops will wither, our children will die piteous deaths and the sun will be swept from the sky. But is it true?

...All of our great new miniatures come from Citadel. It is possible that one day we will sell them direct via 3-D printers to grateful hobbyists around the world. That will not happen in the next few years (or, in City-speak, 'forever') but if and when it does it will just mean that we can cut yet more cost out of the supply chain and be making good margins selling Citadel 3-D printers.

...On the first of January next year I will be stepping down as CEO of Games Workshop. I intend staying on as non-executive Chairman (if the board will have me), so those of you who want to see an end to these preambles (rhymes with rambles), don't get your hopes up just yet.

...The board has prepared a job specification for CEO, and the consequential advertisement. The ad. will be published the day after our AGM (September 18th). If you apply, we require that you write a letter saying why you want the job. No letter, no interview. The interviews will take place on November 7th and will be at Nottingham. An announcement will be made the following week. We have not decided what will happen if no suitable candidate is found but I suspect my wife will be livid.

[Wolfshade]

I quite like Kirby's preamble. I do like his assessment of 3D technology, it seems to mirror my own views, so must be right

But, moreover, one must assume that Kirby has seen EoY figures, even if they aren't final. So it would suggest that GW did not make massive profits. So that may be of concern, the trouble is that you would expect with a new edition the figures to be higher than last year, and on a par with when 6th came out.

But it sounds like there have been a lot of back office transformations which might be profitable long term, unfortunately, all major transformation projects are expensive and often massively over budget. So the seeds might have been planted but will they bear fruit? Probably won't see until next year.

Might just have to apply for the CEO role