Red flags may be going up. Checkout the latest GW Financials as we head into the holiday!
First up the first 6 month fiscal Trading Statement that somehow flew under the radar for a couple weeks:
Games Workshop Group PLC announces that trading in the six months to 30 November 2014 at constant currency has been broadly in line with the Board’s expectations and 2013/14 first half performance.
The Company has been exposed to the continuing strength of sterling, particularly against the US dollar and euro in the period reported. The adverse impact in the six months to 30 November 2014 will result in operating profit at actual rates being approximately £1 million lower than 2013/14 first half performance.
The Company’s half yearly report for the six months to 30 November 2014 will be released on 14 January 2015.
Executive Staffing Changes
Then just days ago, the latest word on the Executive Staff at GW HQ:
The Board of Games Workshop is pleased to announce the appointment of Rachel Tongue as Group Finance Director with effect from 1 January 2015.
Rachel, 43, is a chartered accountant and chartered tax adviser and joined Games Workshop in 1996. She is currently Company Secretary and Legal and Compliance Manager.
Rachel and her husband hold 8,000 Games Workshop ordinary shares. There are no further details required to be disclosed relating to Rachel Frances Tongue under 9.6.13R of the Listing Rules of the UK Listing Authority.
Checkout last year’s mid term report from BoLS at the link below.
So what do you think of the new CEO? Too soon to tell, or more of the same?
About the Author: Rob Baer
Rob Baer
Job Title: Managing Editor
Founded Spikey Bits in 2009
Socials: Rob Baer on Facebook and @catdaddymbg on X
About Rob Baer: Founder, Publisher, & Managing Editor of Spikey Bits, the leading tabletop gaming news website focused on the hobby side of wargaming and miniatures. Rob has won many Warhammer 40k Tournaments over the years, including the Adepticon Team Tournament and American Team Tournaments, and is on a first-name basis with almost every major company in the space.
He’s all gaming all the time. With over 30 years of experience in retail and distribution, Rob knows all the products and exactly which ones are the best. He advocates for gaming stores and manufacturers in these difficult times, always looking for the next big thing to feature for the miniatures hobby, helping everyone to provide the value consumers want.
While he’s played every edition of Warhammer 40k and Warhammer Fantasy (since 5th Edition) and has been hobbying on miniatures since the 1908s, Titans of all sizes will always be his favorite! It’s even rumored that his hobby vault rivals the Solemnance Galleries, containing rulebooks filled with lore from editions long past, ancient packs of black-bordered Magic Cards, and models made of both pewter and resin.
