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The Latest Annual Report

Posted: Wed Jul 27, 2016 10:55 am
by The Other Dave
http://investor.games-workshop.com/wp-c ... t-page.pdf

Mostly sharing because ho-lee smokes is that some unprofessional, sexist, snarky nonsense in the Chairman's Preamble.

Re: The Latest Annual Report

Posted: Thu Jul 28, 2016 9:42 am
by YellowStreak
Some great quotes and interesting bits in there:

"Good, independent minded directors are as hens’ teeth, gold dust. We have six. Including me" - FIGJAM!

"...supporting the models for those who like to play" - surely the majority?

" we finished the year with sales of Warhammer: Age of Sigmar at a higher rate than Warhammer has enjoyed for several years" - interesting...

" we now have four new sales territory managers in Asia; in Singapore, Hong Kong, Japan and Malaysia in addition to our existing business in China. They will grow Games Workshop profitably by opening stockist accounts and our own stores."

"In my opinion the greatest risk is the same one that we repeat each year, namely, management. So long as we have the right people in the right jobs we will be fine. Problems will arise if the board allows egos and private agendas to rule. I will do my utmost to ensure that this does not happen on my watch." - this is pretty generic....every organization has this same risk, no? I would have thought that increasing competition in the market and increasing quality in the miniatures of competitors would be key risks?

Interesting though, thanks for sharing.

Re: The Latest Annual Report

Posted: Thu Jul 28, 2016 10:31 pm
by Konrad
[quote=

"In my opinion the greatest risk is the same one that we repeat each year, namely, management. .[/quote]

To quote Walt Kelley, "We have met the enemy, and he is us."