Monday 18 September 2023

WHY WARGAMERS ARE POOR (BUT HAPPY)

 A short article from the London Evening Standard of Friday 15th September :

"GAMES WORKSHOP WORTH £3.7BN AFTER SMASHING SUMMER

Games Workshop's remarkable run of success continues, as the Warhammer 40K maker's sales smashed expectations yet again over the summer.

Revenue in the three months to August 27 rose by 14.5% year on year to £127 million, and profit rocketed by 46 per cent to £57million. Games Workshop said the rise was "driven by healthy growth across all channels."

The shares gained another 845p to 11,235p, more than 70 times their price in 2008 and valuing the Nottingham based business at £3.7 billion.....

The flagship Warhammer 40K game is famed for its pricey figurine sets. Forum posts suggest that buying two very basic armies for beginners, plus a rulebook, directly from Games Workshop would have cost about £175 in 2008.

Spending that on the shares instead would have returned about £26,000, including dividends. That's enough to buy a custom - painted 1997 OOP Metal Thunderhawk, which became the most expensive Warhammer kit ever when it sold for £25,600 on Ebay in 2021."

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