Games Workshop/Warhammer
- Thread starter Nebzor
- Start date
Soldato
- Joined
- 3 Oct 2006
- Posts
- 8,537
very good, oh, here are some of mine 
:
and wip of a baneblade:
as you can see, i'm pretty lazy when it comes to basing them, my newer stuff is based, but it'll be a while before i can be bothered to do the older stuff
:
and wip of a baneblade:
as you can see, i'm pretty lazy when it comes to basing them, my newer stuff is based, but it'll be a while before i can be bothered to do the older stuff
I wouldn't start collecting warhammer now, with the way gamesworkshop is going they will be bankrupt soon enough.
Negative profits for the last 3 years with huge debts, sales declining every year and the share price has declined over the past 3 years to pre 2002 levels. All because they got greedy and put prices to high, meaning teenagers can no longer afford to buy them, and the community has died (espically after they closed their forum due to too much critisism).
Negative profits for the last 3 years with huge debts, sales declining every year and the share price has declined over the past 3 years to pre 2002 levels. All because they got greedy and put prices to high, meaning teenagers can no longer afford to buy them, and the community has died (espically after they closed their forum due to too much critisism).
Last edited:
Soldato
- Joined
- 3 Oct 2006
- Posts
- 8,537
they have a long way to go before bankruptcy, and they are soon to be publishing last halves profits, which i believe will be up on last year, they're also releasing a new rule book and stater set during the next two months, and following that is the new space marine codex, all of the above are great profit boosters, and being as it's a fairly cheap commodity it is likely to weather any credit crunch with far better success than smaller companies (ie rackham), and people with little money to spend are more likely to spend £20 on a box of plastic soldiers that £40-£50 on a video game. plus it owns its own stores, which can, in emergency, be sold of for a quick money fix.
games workshop have a LONG way to go
oh, and europe was the only area last half which made a loss. (Britain is treated as a separate entity and that was in the black as well)
edit: and i don't think they got too greedy, many of the other current TTGs retail for fairly similar prices, its the whole RPG industry that's being affected by so many factors (economy/oil prices/metal prices/general lack of interest (due to quick fixes like computer games)) but on the whole i'd say GW is far better equipped to last that a lot of other RPG/TTG companies.
what most people fail to see is that the lord of the rings SBG was very much a profit bubble, i think most had estimated it would last much beyond the films and now GW has dipped back to their operating level, i think that once we see the hobbit that profits will again rise due to a new influx. i firmly believe that where they currently stand is their base line for profits/efficency etc etc, anything more, or less,is just a fluctuation.
Last edited:
GW release new rule books at regular intervals, don't expect it to do anything long term. There is always a boost a few months after major new releases as you can see from the share price index, but it quickly starts declining again. GW's troubles started in early 05 after a huge price hike iirc.
Raw materials only account for 4% of their costs, so they certainly aren't compensating for that with the price increases. Their prices have increased more than 100% in the past decade. Far, far above inflation.
Raw materials only account for 4% of their costs, so they certainly aren't compensating for that with the price increases. Their prices have increased more than 100% in the past decade. Far, far above inflation.
Last edited:
Never played Warhammer, nor am I interested in it... but I figured there must be a lot of people playing it as the Games Workshop seems to have a store on every high street. Considering how many shops are struggling in recent years, it amazes me how many stores they have, especially when you don't tend to see many people in them. Doesn't surprise me to hear they are making big losses.
Soldato
- Joined
- 3 Oct 2006
- Posts
- 8,537
that's just not true, most blisters have risen by about £1-2 in the last 8 years, infantry boxes have gone up by £3 in 8 years and vehicles have gone up by £3-5 in the last 8 years (from my own experience) that is not 100% in any cases
It's an average, Vampire Counts Black knights used to be £15 for 8, they are now £6 each, thats 3.2x more. Mannfred von Carstein was £6 about 2 years ago and is now £15. White dwarf magazines price has also significantly increased ahead of inflation. And paint prices are a joke at £2 for a few ml.
Most of gw's value is in IP, but they have recently started selling that as well for a quick cash fix.
If gw had good management they could easily recover but alas, greed has taken over them and as the chairmans reports show they are clearly deluded. They have been "expecting a return to growth" for almost forever now it seems.
Last edited:
Soldato
- Joined
- 3 Oct 2006
- Posts
- 8,537
well, whitedwarf has been £4 as long as i can remember, mannfred is also £10 (the old one) and the new one is £15, that's hardly a 100% increase, paint has risen by a cost of 50p in the 8 years i have been playing, hardly a bank breaker, and a few mls goes a long way if you water it down properly
, i won't comment on the black knights, as i haven't had much to do with VC so don't know what it all used to cost, all i can say is that price increases aren't as huge as some people seem to think, on average, they have risen by as much as i said and if for some strange reason you think that the kiddies can't afford them then you'd be wrong, they (or rather their parents) spend more on it than i ever have (and i've spent a bomb of my years ).GW have recently got a new management and they seem to be steering it more in the right direction. the real cause of the current situation is the lord of the rings, to stump up the money they had to become a PLC, owned in a large part by barkleys (iirc) of course barkleys are going to be more interested in profits than the old GW was, and i think many of the price rises can be attributed to them more than anything.
some of the changes and more active involvement have really helped the hobby. i expect it to make a slight up turn, or at least remain stable in the next financial report
Caporegime
- Joined
- 9 Mar 2006
- Posts
- 58,947
- Location
- Surrey
I used to play but rising prices made me stop. I miss the painting more than the gaming. I still read the books though, reading the horus heresy at the moment and it is absolutely superb.
well, whitedwarf has been £4 as long as i can remember, mannfred is also £10 (the old one) and the new one is £15, that's hardly a 100% increase, paint has risen by a cost of 50p in the 8 years i have been playing, hardly a bank breaker, and a few mls goes a long way if you water it down properly
Whitedwarf was £3 if not less when I started playing 5 years ago and that 33% paint rise is again far more than inflation. I stopped playing and so did all my friends due to the cost. You over estimate how much money teenagers are willing to spend on warhammer. Even if they do have enough money, most would rather spend it on something else.
Games workshops profits will also be hit very hard for the forseeable future by the rising Euro, like you said, last year Europes profitability decreased, and already the years 1st half report shows a loss of £200k and even lower profit margins than last year despite a cost reduction program.
Last edited:
Don't blame just the prices though, I feel that a large proportion of the problems stem from a change in attitudes in teenagers. I'm only 16 yet when everyone my age was younger we ALL bought Warhammer, and I'd estimate that my £20/month chore/pocket money all went on it, as I had spent over £150 on it. Nowadays people that age are much more interested in PC, XBOX360 and PS3.
Soldato
- Joined
- 13 Mar 2006
- Posts
- 6,712
I reckon the prices are mostly to blame. The prices were ridiculous over 10 years ago when I played it, and probably just as many people had consoles then.
Yes, but people didn't spend their lives on consoles 'back then'. Nowadays it's a lot easier for a kid to buy plenty of games and just sit there for hours on end, whereas when I was younger I had my consoles but had my parents nagging me to get off them after an hour or two.
Soldato
- Joined
- 18 Oct 2002
- Posts
- 16,189
- Location
- The land of milk & beans
I used to do them when i was younger. Havent for about 10 years or so, but every now and then I get the urge to start painting them up again 
I wasn't that great at it but enjoyed doing it. My brother though was an awesome painter, he actually got offered a job painting display models at our local GW. Here's one of his - excuse the scratches, it's spent the last few years in a box.
I wasn't that great at it but enjoyed doing it. My brother though was an awesome painter, he actually got offered a job painting display models at our local GW. Here's one of his - excuse the scratches, it's spent the last few years in a box.
Last edited:
I would love to do a bit more warhammer, always enjoyed painting them. But personally, two reasons stopped me doing it and will stop me going back to it. ridiculous prices (£6 for two tiny models?! I mean, come on!), and the fact that every time you walk past a Games Workshop it's full of kids and nerds screaming like little girls. Not really something I want to be associated with...
I always smile when I see Games Workshop mentioned.
I worked Saturdays at the Cambridge store when I was 16.
I then worked full time at Cambridge when I finished college and within months was an assistant manager.
I was offered the managers post in Reading store (would have been one of the youngest store managers in the company) but decided to first go into Car Mechanics (which I'd studyed at college), then into IT and the rest is history.
Working for the company I was able to buy figures by weight.
So we'd visit head office, personally pick all the things we wanted and rather than paying £4, £5 per blister pack etc we just had all our of figures weighed and we were charged on that.
Can't rememebr exact costs but let me tell you - it was cheap!
I owned an undead Warhammer Army, Marine Warhammer 40k, Marines/Imperial for Epic Space Marine, Chaos Blood Bowl Team.
In fact just recently my copy of Blood Bowl and my last few figures were given away to a charity shop - so I now own nothing Games Workshop.
I loved to play and I'd love to play again - unfortunately I simply don't have the time and am unlikely ever to have it again.
I worked Saturdays at the Cambridge store when I was 16.
I then worked full time at Cambridge when I finished college and within months was an assistant manager.
I was offered the managers post in Reading store (would have been one of the youngest store managers in the company) but decided to first go into Car Mechanics (which I'd studyed at college), then into IT and the rest is history.
Working for the company I was able to buy figures by weight.
So we'd visit head office, personally pick all the things we wanted and rather than paying £4, £5 per blister pack etc we just had all our of figures weighed and we were charged on that.
Can't rememebr exact costs but let me tell you - it was cheap!
I owned an undead Warhammer Army, Marine Warhammer 40k, Marines/Imperial for Epic Space Marine, Chaos Blood Bowl Team.
In fact just recently my copy of Blood Bowl and my last few figures were given away to a charity shop - so I now own nothing Games Workshop.
I loved to play and I'd love to play again - unfortunately I simply don't have the time and am unlikely ever to have it again.