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Discussion Starter #1
This dropped in to my inbox today.

It seems that Tom Kirkby may...

  • ...Be taking advantage of the low price of GW shares to re-enforce his position after stepping down as CEO
  • ...Really believe in GW's long term growth
  • ...Be trying to rally GW's share price before the Shareholders lynch him
  • ...Be paid far too much


http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=1893832

Fri 01 Feb 2008
LONDON (SHARECAST) - Tom Kirkby, chairman of fantasy war game model specialist Games Workshop, bought 120,000 shares in the company today, lifting his stake by 0.39% to 6.96%.

Kirkby, a former tax inspector who became a general manager for Games Workshop in 1986, paid 202p a share, or a total of £242,400.

Games Workshop said last week that pre-tax losses totalled £192,000 in the six months to 2 December versus a £127,000 profit the year before on revenue unchanged at £54.6m.
 

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Discussion Starter #3
I assumed that the article was correct...

Ah well, that'll teach me to trust teh intrwebz for spellings.
 

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I think this is a good thing. I hope him buying back shares shows that the programs of cutting all the fat are going to work and return to the regular business growth they had. Im not current with GW's buyback policy and stock options given to managers so I cant get the whole picture. It shows some confidence in the company even though at the very worse its to secure that so called in business having more than a 5% stake in the company to have more board influence and all that BS between board directors and managers.
 

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After the whole Enron/Tyco/name your other corrupt company mess, I've made a point of only carrying stock in companies whose CEO is required by the company to maintain at least 8% of the shares. Admittedly, most of my money comes from old, long-standing shares in companies like GE, GM, and the like, and the risk isn't really high in the slightest, but the rest of my assets I tend to watch more closely to be sure that the company at least has some confidence in itself.

Back on topic though, I knew GW had been doing piss-poor in the business end of things. I don't claim to know much about how the British stock exchange system works, so I can't really say if I can wholly blame that for the company not doing well. I do know, however, that the 4th Edition release of 40k nearly put the company under completely. Apocalypse sales seem to have remedied some of that, to my understanding, but the company is still hurting from contractual obligations to produce and develop the Lord of the Rings game. LotR, as I understand, is a nickel and dime game as sales go-- individual people buy a couple models but never play the game, and that sort of buyer is the dominant buyer of LotR, as opposed to the 40k/Fantasy crowd, which tends to be gamers before random purchasers.
 
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