RE: [Epic] Epic rumours

From: Crocker, Cyril <ccrocker_at_...>
Date: Wed, 20 May 1998 16:17:34 -0400

But....this is 1mil profit which means the employees have already been
paid.

----------
Cyril Crocker
Computer Technician
Proctor & Redfern Ltd.
ccrocker_at_...
----------


> -----Original Message-----
> From: Steve Wik [SMTP:bosco_at_...]
> Sent: Wednesday, May 20, 1998 1:02 PM
> To: space-marine_at_...
> Subject: RE: [Epic] Epic rumours
>
> I dunno, $1 million ain't that geat for an international company when
> they've gotta pull in $11 million to make it. (anyone know what the
> figures for the rest of the world are like?) With the kind of overhead
> they seem to have, $1 mil doesn't seem that great at all. Even if GW
> was five guys pouring their own miniatures in the back of their house
> $1mil doesn't seem like a lot, much less when you consider that it's a
> corporate beast with clusters of leech-like business types trying to
> feed off of it's earnings. And if GW can only net $1mil I wonder how
> everyone else in the industry are faring?
>
> Steve (the other)
>
> > -----Original Message-----
> > From: Crocker, Cyril [SMTP:ccrocker_at_...]
> > Sent: Wednesday, May 20, 1998 8:00 AM
> > To: 'space-marine_at_...'
> > Subject: RE: [Epic] Epic rumours
> >
> > I don't call any company that makes a net profit AFTER taxes greater
> > than $1 million US hurting. Sales may be lower but I'll be damned
> if
> > they're in any trouble.
> >
> > ----------
> > Cyril Crocker
> > Computer Technician
> > Proctor & Redfern Ltd.
> > ccrocker_at_...
> > ----------
> >
> >
> > > -----Original Message-----
> > > From: William Rood [SMTP:wrood_at_...]
> > > Sent: Wednesday, May 20, 1998 10:31 AM
> > > To: space-marine_at_...
> > > Subject: Re: [Epic] Epic rumours
> > >
> > > I know I'll bore most of you with this, but here is the current
> > > Industry
> > > report on GamesWorkshop (US) Inc.
> > >
> > > The important figures to look at are Net Sales (11.48 Million $US)
> ,
> > > Gross
> > > Profit (6.24 Million $US), and Net profit after Tax (1.51 Million
> > > $US). This
> > > is down from all of their previous years. GW is hurting. And the
> > > interesting thing - the industry analysts state only one reason :
> > they
> > > are
> > > targeting the wrong audience.
> > >
> > > They are focusing on 12-14 year old males who will only maintain
> the
> > > hobby
> > > for a few years. The analysts state they should be focusing on
> the
> > > 18-35
> > > crowd who are not looking for a passing fade, but a serious hobby,
> > and
> > > have
> > > the income to spend.
> > >
> > > I hope this was of some interest, and may explain the recent rash
> of
> > > sales,
> > > failed product lines, etc. al.
> > >
> > > Regards,
> > >
> > > --
> > >
> > > // William Rood - Systems Development
> > > // Dow Jones and Company, Inc.
> > >
> > >
> -------------------------------------------------------------------
> > >
> > > LAST INDUSTRY UPDATE: 04/04/98
> > > DATE PRINTED: 05/20/1998
> > >
> > > INFO:
> > > STARTED 1984
> > > EMPLOYEES: 190
> > >
> > > GAMES WORKSHOP (US), INC
> > > 6721 BAYMEADOW DRIVE
> > > GLEN BURNIE
> > > MD 21060
> > >
> > >
> > > INDUSTRY ASSETS OVER 1 MIL. (NO GEO)
> > >
> > > FISCAL 05/31/96 106 FIRMS
> > > % CHANGE SUBJECT IND %
> > > %
> > > CASH.................. 2,418,361 312.6 43.5 9.2
> > > ACCOUNTS RECEIVABLE... 222,561 ( 66.3) 4.0 27.8
> > > NOTES RECEIVABLE...... ----- --- --- 0.6
> > > INVENTORY............. 1,258,346 20.3 22.6 39.4
> > > OTHER CURRENT......... ( 68,111) --- ( 1.2) 6.4
> > >
> > > TOTAL CURRENT......... 3,831,157 66.0 68.9 83.4
> > >
> > >
> > > FIXED ASSETS.......... 334,104 99.0 6.0 11.0
> > > OTHER NON-CURRENT..... 1,393,086 113.8 25.1 5.6
> > >
> > > TOTAL ASSETS.......... 5,558,347 77.7 100.0 100.0
> > >
> > >
> > > ACCOUNTS PAYABLE...... 51,779 ( 60.9) 0.9 25.6
> > > BANK LOANS............ ----- --- --- ---
> > > NOTES PAYABLE......... ----- --- --- 8.2
> > > OTHER CURRENT......... 375,719 ( 21.2) 6.8 16.8
> > >
> > > TOTAL CURRENT......... 427,498 ( 29.9) 7.7 50.6
> > >
> > >
> > > OTHER LONG TERM....... ----- --- --- 7.0
> > > DEFERRED CREDITS...... ----- --- --- ---
> > > NET WORTH............. 5,130,849 113.2 92.3 42.4
> > >
> > > TOTAL LIABIL & WORTH.. 5,558,347 77.7 100.0 100.0
> > >
> > > NET SALES............. 11,480,079 --- 100.0 100.0
> > > GROSS PROFIT.......... 6,252,593 --- 54.5 26.9
> > > NET PROFIT AFTER TAX.. 1,511,380 --- 13.2 3.6
> > > DIVIDENDS/WITHDRAWALS. ----- --- --- 2.3
> > > WORKING CAPITAL....... 3,403,659 100.4 --- ---
> > >
Received on Wed May 20 1998 - 20:17:34 UTC