MoleMan99
08 Feb 2018
Re: Anyone left? Post Nuremberg show, everyone in industry is very depressed, and or worried.Hobbico, the holder of Revell brand and many others, had gone into chapter 11, leaving a huge empty space in the hobbies hall. Maybe it's an opp for Airfix, but for investors it is probably a warning sign of how bad things are.Hornby have internal issues I feel, and now with a dead market around them, those issues will be amplified, not solved.Unlikely to be much for private investors here still.
The Locksmith
16 Dec 2017
Re: Anyone left? Through painful experience I have witnessed the downfall of another "British" manufacturing icon - Royal Doulton plc - who were once a member of the FTSE 250 and whose shares used to trade at over 2 pounds each. After a dreary 5 years of Placings, Open offers, Equity fundings, divestments, failed acquisitions, restructurings, strategic reviews, new Consultants, new CEO's, advisors etc. etc the shares ended up at 2 pence. Wedgwood eventually paid 12p per share and made a complete hash of it as well. But atleast some well informed and patient shareholders got out with their shirts.My point being - when products go out of favour and consumer tastes change you have to cut costs and shape a business far quicker than you "hope or expect" to - even to try and stand still. The reason being is that the onset of decline does not stop - but continues at varying rates and any form of growth or stability becomes out of grasp.If Hornby could encourage India's Russia's, Brazil's or China's wealthy children to collect and build railway sets and engage in practical hobbie items there may be an outside chance of compensating for the fall in interest in mature markets. However, with size of dwellings and a virtual world continually going against Hornby the chances are slim.If I was in Hornby - I wouldn't worry about the products - but I would try and make them cool to collect/be involved with again - which requires a change of tactic. Use "ambassadors (film/media stars)" to make it look neat and cool to indulge in this type of product. You have to start a craze again. Sure, sell it online and let the kids buy it from their phones (great for margins) - but influence them with positive stories and personalities. Simply preaching to a declining number of existing users/enthusiasts will only have one result...Not easy, but something has to change or play time is over.LS
MoleMan99
29 Nov 2017
Anyone left? Any private investors left in this one? Their latest chapter does not appear to of impressed the market.
Bill1703
06 Sep 2017
Re: AMG announcement Yes, always jam tomorrow with this one... at some point, something has to give - as in 'give up the ghost'.Still overvalued at this price - as it has habitually been for some years now. Shareholders should welcome - and eagerly accept - an offer, if one is put back on the table. Any offer...
Borzovbaby
06 Sep 2017
AMG announcement Seems like that they should have re-considered the take-over offer that was put forward earlier this year, as they seem to be falling short, yet again, despite all of the talk of improvements. Seems like it's the Gotthard tunnel rather than the Thames tunnel, in terms of light at the end of it.
Triggers broom
11 Aug 2017
Re: Time travel I wish they could travel back to 2010 and adjust the SP accordingly.
Borzovbaby
11 Aug 2017
As ever, it seems like Hornby are behind the times;RNS Number: 7520N Hornby PLC 11 August 2017 Hornby plc (the "Company"
Annual Report and Accounts and Notice of Annual General Meeting Hornby is pleased to announce that its thirty sixth Annual General Meeting will be held at 11.00 a.m. on Wednesday 6 September 2016 at the offices of Berwin Leighton Paisner LLP, Adelaide House, London Bridge
II Editor
27 Jun 2017
NEW ARTICLE: Where's the bottom for this bid target? "Trainset legend LSE:HRN:Hornby is the subject of a mandatory bid from Phoenix Asset Management, its largest shareholder which recently took its stake above 55%. It's a reluctant nil-premium offer that's currently the subject of much ..."[link]
II Editor
26 Jun 2017
NEW ARTICLE: Trends and Targets for 27/06/2017 " HORBY (LSE:HRN) The weekend just gone offered several delights - F1, Glastonbury, GP powerboat race locally, Mrs T&T's 50th. Which was why sanity required questioned on Sunday morning as a friend insisted on unveiling his latest model railway ..."[link]
MoleMan99
10 Apr 2017
Re: General Meeting RNS infamy infamy...Anton may have a small holding that does not register, but dealings with New Pistoia. Despite trying, I could never find any details on who New Pist were. Looks like all will be revealed soon.Probably selling off the land was the final straw. Crown jewels gone and still no real direction, apart from shrink.
TX2
10 Apr 2017
General Meeting RNS Ian Alexander Anton is connected to carpet makers Victoria plc;his family once controlled the business.Not too sure yet where his 20% holding arrived from.Roger Canham is chairman of Phoenix Asset Management;Hornby's largest shareholder.The plot thickens!
TX2
07 Apr 2017
Re: Trading Update. Today's update seems positive however we will need to see the promise translated into profits in the coming year before a significant improvement in share rating is deserved.
TX2
07 Feb 2017
Re: Trading Update. That should read £3 million profit not £3 but cynics might say even the latter would be an improvement!!!!!!
TX2
07 Feb 2017
Trading Update. Seems positive at last;Hornby will need to be able to turn in on going profits of £3 per annum with prospects of steady improvement to justify present valuation.Should be attainable.
TX2
09 Jan 2017
Re: Time for an update I took up shares in the OO & fund raising last year @ 28p having bought originally at a marginally higher price a little earlier.I think the turn round plan is credible & the main backers in particular Phoenix asset management have put a lot of money behind their plan.There is no certainty that the plan will succeed and at this stage the shares must be considered speculative.We may get an update on trading next month.
