Hornby Share Discussion Threads

[holts] 07/12/2024 15:14

Site 🤦‍a94;️

[clocktower] 06/12/2024 15:36

With Frasers results and comments about the state of the retail market in the UK, along with other retailers saying that since the budget there has been a big decline in sales, it surely is going to impact the sales of Hornby on a like for like basis to 2023.

Outlook must be worrying for stakeholders in geberal impo.

DYOR

[clocktower] 02/12/2024 13:43

Not many shares in left in free float that could be sold now.

Fraser with around 9% leves less than 10% in total.

[holts] 20/11/2024 13:53

Ha, that didn’t last long .

[bones698] 20/11/2024 10:33

Not a good set of results worse than expected I feel hence the fall in share price and probably back sub 20p on them need some big improvement

[clocktower] 20/11/2024 07:39

What a mess, debt increases by millions and that’s even with the £4.1 million drop in inventory.

Interest over £900k

What will today’s price be HOLTS?

Never know with this share which way the price goes.

[clocktower] 19/11/2024 11:08

Well nicely in profit for you HOLTS well done, good timing.

[cold pasta man] 11/11/2024 22:30

So, if LCD fails to make each payment on time, the price goes up by £600k.
I wonder why that's considered necessary in addition to the debentures?
Vile geezer.

[clocktower] 11/11/2024 14:41

More interest in this of late.

[holts] 08/11/2024 07:43

More for fun and I can chastise them as a shareholder when speaking to them , which is rare anyway these days , no one left in the company I know now .

[clocktower] 07/11/2024 15:32

Good Luck - It looks like you might be in profit pretty quickly if this buying continues

Mike has not been having much luck of late what with Mulberry and Boohoo etc.

Not for me though at this time.

[holts] 07/11/2024 12:41

It is ridiculous that payback is over such a period , he’s had the money and presumably hasn’t blown it all , mugged comes to mind .

I’m still flabbergasted they can call it loss making , any way I bought some just for the very remote possibility Ashley may do something bizarre .

[holts] 05/11/2024 07:57

Where to start , flogging Oxford diecast back to Davies having paid him far too much for it initially , they really know how to lose money . Buying in bound product from his family relations I presume without securing some agreement on inbound prices and therefore paying too much for them is nice business for the supplier .
It should have been nigh on impossible to lose money on Oxford diecast product and to suggest it doesn’t fit with their ranges is utter rubbish , it’s an exact fit .
Disgraceful.

[clocktower] 11/9/2024 14:48

Pretty good statement today but revenue is not profit and once again there is no talk of profit.

[imjustdandy] 19/7/2024 00:15

Director buying looks the reason behind the rise today

[clocktower] 18/7/2024 08:23

Debt mountain growing and I expect the only reason for the rise is Mike Ashley buying to increase their stake again, as he can see benefits through Game, I guess.

This must be the worst set of results for years.

DYOR and Beware.

[holts] 25/6/2024 06:55

15 per cent on the drawn extended loan funds , is this a message about the risk from Phoenix or just plain greedy ?

[clocktower] 13/6/2024 11:23

Well finial results will soon be available, and the dirty washing will be there for all to see.

MA seems to have made a blunder like he has done with MUL. Even this wonder businessman/gambler makes the same mistakes but on a larger scale of the type most of us do also, which should teach one never to follow in their footsteps.

The current share price is looking weak and I expect it will fall even further and before long it may go the same way as Stanley Gibbons did.

DYOR.

[castleford tiger] 23/4/2024 09:54

looks 50% over valued to me on those numbers.

tiger

[clocktower] 22/4/2024 14:04

"Financial Position

Net debt as at 31 March 2024 was £14.3 million compared to net debt of £5.5 million at the end of March 2023 mainly due to the trading loss and capital expenditure. This does, however, show a slight improvement from £14.6M at the half year. Stock has reduced by 12%, or £3 million, since the half year, and is slightly lower than March 2023."

With Net debt at £14.3 million, that is an extra £8.8 million to March 2023, so even if you took off another £3 million off, that is still £11.3 million of dead weight plus interest being accrued. Although stock has reduced by £3 million since the half year, it does not follow that they have reduced the debt by that amount, as they may for example offered extended payment terms to reduce the stock and increased the amount owed to the company by customers, or they may have discounted the stock just to unload it to reduce debt a little. Until the full numbers are available the jury is out on that one.

[holts] 22/4/2024 08:10

The competing businesses are getting a bigger slice . Hornby hale the increases in direct sales , wonderful , so the margins should be much higher , but no .
Isn’t it odd that Hornby made the most money when they concentrated on supplying the trade , it was their own stupid decision not to buy the Chinese factory that has lead to continuous upheaval since with a variety of the clueless being shipped in to run the business .
We used to be the top seller in our region , I still have the print out I picked up when down at Margate that year of the turnover by trade customers . Have they ever done anything to get our business back ? no , entirely the opposite , now it’s too late .