The brothers own 79% of their company, Jagex, whose ÃÆââ¬Å¡Ãâã2.7m profit on ÃÆââ¬Å¡Ãâã5.2m sales in 2005 values it at ÃÆââ¬Å¡Ãâã40m.

 

 

 

:shock:

It turns out that the remaining 21% is owned by Constant Tedder, the third founder of jagex (not confirmed).

hey, whos up for making an online game? .. we can get rich

 

 

 

 

 

im in :)

w00t I made it in top 20 too!

Darn you luca, can't believe you beat me by one spot again. I thought I made enough this year to overtake you finally

you migght own me with fire cape in game, but i own you irl! 8)

 

 

 

we need to get in top 100 US now!

you migght own me with fire cape in game, but i own you irl! 8)

 

 

 

we need to get in top 100 US now!

 

 

 

yea we are making some plans to expand overseas so maybe next year kay?

Really i see a conversation like this...

 

 

 

Andres: 29 million 200 thousand one hundred 23, 29 million 200 thousand one hundred 24

 

 

 

Paul: Andrew mate we have lots of complaints about macroes what you wanna do

 

 

 

Andrew: Dammit paul i lost count how many times to i have to tell you to not interrupt me with this rubbish while im counting our money.

 

 

 

 

 

lol thats great i actually laughed out loud at that one

It turns out that the remaining 21% is owned by Constant Tedder, the third founder of jagex (not confirmed).

 

 

 

Jagex Software was founded in November 1999 by Andrew Gower, Paul Gower, and Constant Tedder and became Jagex Ltd. in December 2001.

 

 

 

IIRC, Constant was the CEO of Jagex, so if that is true, its highly possible he owns that 21% of the company.

Free monbey plz jegex.

 

 

 

 

 

That is insane.

Cheaper membership pl0x?

 

 

 

Also, if you check the jobs section on Jagex's corp site, they can pay a motherload of cash.

In case people's wondering how JaGex can make 40m in 3 years of membership time, they don't.

 

 

 

When they say Jagex's worth 40m, they mean JaGex stocks total at 40m market value. IE If the Gowers sold their portion right now, they'll have 73% x 40m of that cash.

 

 

 

But that money's not earnt. The market cap have only indirect relationship to how much revenue JaGex actually earnt. As the article showed, Jagex earnt about $4m revenue for 2005, while their market cap is 40m.

 

 

 

Grats again to Gower brothers for their success!

wish i could go back in time and steal the idea lol

 

 

 

 

 

jking............ not really 8)

Where is the address to this listing?

http://business.timesonline.co.uk/section/0,,20590,00.html

 

 

 

K i found it , pardon my stupidity

 

 

 

>$$Da da da da daaaaaaaaaaaaaaaaaam$$<

 

 

 

 

 

 

>text<

 

Cambridge graduate Andrew invented the popular Runescape game, played online through subscription, which is taking on the sectorÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s big beasts such as Sony. He created the role-playing game while at university and then operated it from his bedroom at his parentsÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢ house in Nottingham. The brothers own 79% of their company, Jagex, whose ÃÆââ¬Å¡Ãâã2.7m profit on ÃÆââ¬Å¡Ãâã5.2m sales in 2005 values it at about ÃÆââ¬Å¡Ãâã40m. With past dividends, the enterprising Gowers are worth ÃÆââ¬Å¡Ãâã32m.

 

 

 

happy now? ..... [quoting myself from page 3]

 

 

 

Off Topic : OMG MAHATMA I LOVE THE Staker you made !!!!!!!!

Wait wait wait...Paul and Andrew own 79% of their company...

 

 

 

Would that mean you can actually buy Jagex shares?

Wait wait wait...Paul and Andrew own 79% of their company...

 

 

 

Would that mean you can actually buy Jagex shares?

 

 

 

If so by the way things are going now I wouldn't :lol:

Wait wait wait...Paul and Andrew own 79% of their company...

 

 

 

Would that mean you can actually buy Jagex shares?

 

 

 

No, as explained earlier in the thread. They're a private company.

I dont want to burst the Jagex bubble but the Sunday Times have valued the company on the basis that it is a publicly traded company, which of course Jagex is not.

 

 

 

Jagex is a Private company and as such a more reasonable value of the company is about ÃÆââ¬Å¡Ãâã9M.

 

 

 

The profits quoted by the Sunday Times of ÃÆââ¬Å¡Ãâã2.7M are in relation to the year ended 31 March 2005 and represent a substantial increase in profitability in the first year following the release of RS2.

 

 

 

The profits for the year ended 31 March 2006 will be audited in due course by their BIG Firm Accountants and I suspect their profits will have increased to around ÃÆââ¬Å¡Ãâã4.5M as a result of both increases in subscribers and increases in advertising revenues.

 

 

 

The fact that the accounts of what is a relatively small company are audited by one of the top 5 Accountancy firms in the world is a sure fire sign that their long term strategy is to take the company public, at which time the value of their company will increase to become more in line with the Sunday Times valuation.

i am still #1 jonathon rowland ftw!..lmao i wish tony $2 to my name :)

 

 

 

jagex rocks at rank 10 :lol: i wonder if they will get any higher :? game cant last 4 ever :P

thats pretty sweeeeet

with that kinda money they need to get us more bank space, better graphics, and pohs finally. cmon

For gods sake STOP ASKING JAGEX TO DO STUFF WITH THEIR MONEY !!!!!!!! they are doing a bloody good job ..... its like asking bill gates to release WNDS VISTA earlier, money has absolutely nothing to do with how soon they will release stuff , BUT they can hire more people to put more work into the updates, thus releasing them faster...

its amazing that it is worth that much. I mean they only want u to give 5 doller a month. That is 60$ a year which is about equal to one xbox game.

Andrew Paul phr33 st0f p!ox I tb'd

 

 

 

well donated $5 a month for 2 years