Ebonbuddha
Active member
New Changes?
Ryan Dancey (of WotC fame/shame) has made his annual predictions for the rpg/hobby industry in general, and his remarks on GW were very interesting.
The full blog is here:
http://web.mac.com/rsdancey/iWeb/RSDanceyBlog/Blog/C44E7E19-26A7-4C05-89B8-15803410A740.html
*****
Before the end of 2007, Games Workshop will announce it is either being bought, is going private, or is merging with some other entertainment venture to form a new entity. On November 27th, Games Workshop was notified that Fidelity International had liquidated its position in Games Workshop\'s stock, selling approximately 2.4 million shares, or 7.83% of the company. On or about that date, 6 million shares, or more than a third of the company, changed hands. As of yet, we are unclear who bought and sold those equities, but we believe that the action, which has no similarity to any recent move in Games Workshop\'s stock, heralds a major change at the company. On January 5th, Games Workshop made a profit warning announcement, indicating that sales in the run up to Christmas had not met expectations, and that the company was revising its earnings estimates downward. Managements failures to address their sliding business model, and increasing pressure from large investors will force major changes at GW by year\'s end.
Talk amongst yourselves.
Ryan Dancey (of WotC fame/shame) has made his annual predictions for the rpg/hobby industry in general, and his remarks on GW were very interesting.
The full blog is here:
http://web.mac.com/rsdancey/iWeb/RSDanceyBlog/Blog/C44E7E19-26A7-4C05-89B8-15803410A740.html
*****
Before the end of 2007, Games Workshop will announce it is either being bought, is going private, or is merging with some other entertainment venture to form a new entity. On November 27th, Games Workshop was notified that Fidelity International had liquidated its position in Games Workshop\'s stock, selling approximately 2.4 million shares, or 7.83% of the company. On or about that date, 6 million shares, or more than a third of the company, changed hands. As of yet, we are unclear who bought and sold those equities, but we believe that the action, which has no similarity to any recent move in Games Workshop\'s stock, heralds a major change at the company. On January 5th, Games Workshop made a profit warning announcement, indicating that sales in the run up to Christmas had not met expectations, and that the company was revising its earnings estimates downward. Managements failures to address their sliding business model, and increasing pressure from large investors will force major changes at GW by year\'s end.
Talk amongst yourselves.
