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Funcom shares isnt doing well, stock-market report
Aragon100
Member RarePosts: 2,686
Seems the stock-market realiced what most users already understood, Age of Conan is a epic failure.
Heres the last stock-market report on Funcom shares -
http://uk.finance.yahoo.com/q/bc?s=FUNCOM.OL&t=5d&l=on&z=m&q=l&c=
Comments
This chart is better than the one you posted, which made it look worse than it was.
http://uk.finance.yahoo.com/q/bc?s=FUNCOM.OL&t=3m&l=on&z=m&q=l&c=
I do believe though that Funcom screwed their long term revenues and profits pretty severely by rushing the game to retail way too soon.
Box sales prove the game had the potential to be huge, but I think the loss of subscribers because of the plethora of flaws present due to the game's extremely unfinished nature will prevent the game from ever realizing it's full financial potential.
The game may be incredible in six months to a year, but it's extremely hard to win back customers you've lost and potential customers who have decided to pass based on poor word of mouth.
Want to know more about GW2 and why there is so much buzz? Start here: Guild Wars 2 Mass Info for the Uninitiated
its too early to say anything
wait for those quarterly Financial reports
(Q2 will be published in late August)
EQ2 fan sites
lol, is this OP for real? I don't mean about the info. What a joke.
"Sometimes, things that may or may not be true are the things a man needs to believe in the most. People are basically good. Honor, courage, virtue mean everything. Power and money, money and power mean nothing. Good always triumphs over evil. Love, True Love Never Dies."
Which Final Fantasy Character Are You?
The graph you posted just looks better, the statistic remains the same. 3.65% is actually pretty bad, and we can still clearly see the overall downward trend. I expect a steep decline when a lot of the initial purchasers of the boxes don't resubscribe.
Sorry this is in bold, but I keep clicking the button and it just won't correct. Really annoying >_<
___________________
Sadly, I see storm clouds on the horizon. A faint stench of Vanguard is in the air.-Kien
http://www.penny-arcade.com/comic/2006/12/13/
Linked! Only time will tell, however if SWG is still going I am sure AoC has a chance to stay afloat as well. It all comes down to how the team goes from here and how well they can convince people to come back after they fix a lot of the problems people had when they left.
Out of every 100 men, 10 should not be there,
80 are nothing but targets, 9 are the real fighters.
Ah, but one, ONE of them is a warrior,
and he will bring the others home.
-Heraclitus 500BC
The graph you posted just looks better, the statistic remains the same. 3.65% is actually pretty bad, and we can still clearly see the overall downward trend. I expect a steep decline when a lot of the initial purchasers of the boxes don't resubscribe.
Sorry this is in bold, but I keep clicking the button and it just won't correct. Really annoying >_<
Last time the stock-market experts on this board decided that a 9% drop was very bad and that it showed that it would continually decline from there on out.
They were proven wrong so far. And now another "expert" comes along and cries doom because of 3.65%? Why don't the "haters" stick to pointing at the bugs and missing content of the game instead of trying themselves at Market Analysis?
Which Final Fantasy Character Are You?
Final Fantasy 7
I didn't say I was a expert, I pointed out that the additional link wasn't any different other than it looked better at first glance. The statistics were exactly the same, and they were all negative. That IS bad, and yeah, 3.65% loss at a dollar, was it a dollar sixty (?) loss per share? It isn't Yahoo! bad, but yeah i'd be ticked. Also, remember that the initial wave of canceled subs hasn't hit yet. You think they will do BETTER when that hits?
Bad stats imo
___________________
Sadly, I see storm clouds on the horizon. A faint stench of Vanguard is in the air.-Kien
http://www.penny-arcade.com/comic/2006/12/13/
I didn't say I was a expert, I pointed out that the additional link wasn't any different other than it looked better at first glance. The statistics were exactly the same, and they were all negative. That IS bad, and yeah, 3.65% loss at a dollar, was it a dollar sixty (?) loss per share? It isn't Yahoo! bad, but yeah i'd be ticked.
Maybe you should take a look at the general behaviour of a stock-market price and see that a 3.65 Drop is something that just happens sometimes and does in no way indicate that things are going down the drain. That doesn't mean it's POSITIVE, no drop in stock-price is, but it's not the sign of the end that some people like to claim.
I'd go with Nadia on this one. Wait for the financial report. Anything else is premature.
Edit: You have to keep in mind the dates as well. This is the time when the subscriptions would be renewed. And yes, there are people leaving AoC. How many and if it's a desaster, no one knows yet, but of course, the stock-market will react to that.
Edit 2:
Some other charts of gaming companies, just to compare:
Activision: finance.yahoo.com/echarts -3.81%
Ubisoft Entertainment: finance.yahoo.com/echarts -2.19%
Electronic Arts Inc.: finance.yahoo.com/echarts -2.54%
All those companies must be going down apparently, if Mr. Aragon100 is to be believed.
Which Final Fantasy Character Are You?
Final Fantasy 7
It may not go down the drain as AoC isn't their only swan song, but I definitely see it continuing to stumble.
___________________
Sadly, I see storm clouds on the horizon. A faint stench of Vanguard is in the air.-Kien
http://www.penny-arcade.com/comic/2006/12/13/
Darnit, only 3.65%?
Come on people, keep badgering AoC, cuz I don't want to buy them shares unless they have at least gone 50% down!
I didn't say I was a expert, I pointed out that the additional link wasn't any different other than it looked better at first glance. The statistics were exactly the same, and they were all negative. That IS bad, and yeah, 3.65% loss at a dollar, was it a dollar sixty (?) loss per share? It isn't Yahoo! bad, but yeah i'd be ticked.
Maybe you should take a look at the general behaviour of a stock-market price and see that a 3.65 Drop is something that just happens sometimes and does in no way indicate that things are going down the drain. That doesn't mean it's POSITIVE, no drop in stock-price is, but it's not the sign of the end that some people like to claim.
I'd go with Nadia on this one. Wait for the financial report. Anything else is premature.
Edit: You have to keep in mind the dates as well. This is the time when the subscriptions would be renewed. And yes, there are people leaving AoC. How many and if it's a desaster, no one knows yet, but of course, the stock-market will react to that.
if this were a regular stock 3.6 would mean nothing but when a stock that is usually traded a few 100k times a day gets traded 5 million plus times a day and drops 3.6% that is a big deal....even more so when you couple that with that fact that the drop comes in days before subs must be renewed
or if you really look at the chart you will see it's dropped 20% in the last week
I don't see it going 50% down, even if AoC fails utterly. They probably have other games in development, and we don't know how much of FunCom is based on the success of AoC, were the investors all really expecting sunshine from the game, etc.
___________________
Sadly, I see storm clouds on the horizon. A faint stench of Vanguard is in the air.-Kien
http://www.penny-arcade.com/comic/2006/12/13/
Looks like AoC will do for FC what Tabula Rasa did for NCsoft. I'm sure this won't ruin FC but it sure won't help either. I wouldn't be holding my breath waiting for FC's next MMO or an AoC expansion that's for sure.
look at the increase in share price over time.
Also, does this make the game not fun for you? This is an irrelevant topic, because stock prices have no bearing on if a game is fun for someone.
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"Anyone posting on this forum is not an average user, and there for any opinions about the game are going to be overly critical compared to an average users opinions." - Me
"No, your wrong.." - Random user #123
"Hello person posting on a site specifically for MMO's in a thread on a sub forum specifically for a particular game talking about meta features and making comparisons to other titles in the genre, and their meta features.
How are you?" -Me
Linked! Only time will tell, however if SWG is still going I am sure AoC has a chance to stay afloat as well. It all comes down to how the team goes from here and how well they can convince people to come back after they fix a lot of the problems people had when they left.
I don't think its a good examply to use SWG or any SOE game as comparison. They have the station pass that gives all their games a layer of protection and a little bit better value to their customers. I think its fair to say if SOE didn't have that station pass a few of their games would be in much worse shape then they are now.
Greed and fear.
First off Funcom stock has done quite well. This year's low point dipped under $20.00 its high point tapped over $50.00. Thats greed, it's a double and any savvy investor will profit take. When is the best time to profit take? At a high point and thats what Funcom's chart shows. Whether Funcom hit it out of the park or fouled out its too soon to say until revenue streams are available. Investors seen a high point on a double and took cash thats all that chart shows.
As far as how investors react to Funcoms stock going forward? Theres still more room for profit taking. The stock price is still high. Considering the low point of the year this current stock price is still a double from low point and there's still good share volume to get in or out of the position.
The dark cloud on the horizon though is Funcom's 1,055 x P/E and .04 cents per share; should this share price tank its gonna tank real hard. Furthermore over the 2 year chart you can see an example of how hard it can tank.
Cheers
so no one studies business here?
so no body knows that a business will be at a loss when they release a new product and will be at a loss for a few months till they brake even?
no...no one?
March on! - Lets Invade Pekopon
I dont study business but every company goes into some kind of debt when they make something new so what does that have to do with falling stock prices?
Falling stock prices have more to do with the expectations of investors and it seems like they were expecting a little more than what its delivering. Funny, kind of like us players... Not only did they trick their customers they also tricked the investors who probably thought they were going to be a close 2nd to WoW but look whos lauging now, Funcom, while the investors and players are crying. LOL
I dont study business but every company goes into some kind of debt when they make something new so what does that have to do with falling stock prices?
Falling stock prices have more to do with the expectations of investors and it seems like they were expecting a little more than what its delivering. Funny, kind of like us players... Not only did they trick their customers they also tricked the investors who probably thought they were going to be a close 2nd to WoW but look whos lauging now, Funcom, while the investors and players are crying. LOL
mmo is a risky business. investors dont want the risk of loseing money
March on! - Lets Invade Pekopon
too early, this place is turning into a pig pen lately.
Eidos.
"If all you can say is... "It's awful, it's not innovative, it's ugly, it's blah.." Then you're an unimaginative and unpolished excuse for human life" -eburn
The stock will most likely drop a bit should the reports of falling subs prove true, however expect it to pick up again once Funcom gets closer to launching xbox port of AoC.
The people on this board never seem to amaze me. I mean how many hours a day do you think these people spend trying to slam on games that they don't even play? Games that they just hate for some reason? I bet we could build a house a day for families in Africa with all of the time these people troll these boards.
The economy is down, and stocks waver. Watch the stocks shoot back up as soon as they start advertising for their new Cthulu inspired MMO. Then watch them go down at launch of that game. Then watch them go back up.
AoC is a great game, and it sucks that you guys might actually be talking people out of trying it. There has got to be something better to do other than keep us who actually play the game from talking about it constructively.
Well let me enlighten you then. As I have been playing since early access and just canceled my accounts.
Till 2 weeks ago we had 1300+ players online every night.
A week ago this had already dropped to around 750 players a night.
Since last night the population on my server is down to 500 players online a night.
And mind you that Sunday night the first free 30 days run out.
Do the math what the overal server populations will be after monday
We don't need stock exchange reports to draw conclusions about the major screw up of all time called Age of Conan.
As Funcom might praise the gods of Hyboria if they can keep 100k Players subscribed after monday.
Thats over 75% of the people that bought the game at release that canceled their subscription before it even started.
And seriously? What did you expect? The Stakeholders/Investors lost their faith in Funcom and forced them to release the game. It was doomed from that very moment on.
It's a true true shame that another great IP is going down in flames. As I am a huge Conan fan!
OMG