Share Name Share Symbol Market Type Share ISIN Share Description
Hornby Plc LSE:HRN London Ordinary Share GB00B01CZ652 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 32.625p 30.00p 35.00p - - - 13,966 08:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 47.4 -9.5 -12.7 - 27.60

Hornby Share Discussion Threads

Showing 9751 to 9775 of 9775 messages
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DateSubjectAuthorDiscuss
26/6/2017
12:06
HOLTS - From you last line suggesting that they have only improved a little leads me to guess you are a customer/retailer, that maybe the case but an improvement all the same, however small and at least a step in the right direction, even by recognition of the companies past failures is a positive imo. I agree with what you say but while they may not want the likes of Mattel to buy the business, if the price is right it would I expect be accepted. One of the things I took note of in the last accounts was - "Hornby, Airfix and Humbrol are three of our most profitable brands which are particularly strong in serving our important hobby customers. There are significant opportunities to further improve the performance of these brands by continuing to improve execution, recovering lost market share, increasing margin and improving the brands' appeal to new customers." With those Brands now being Profitable that now leaves Scalextric`s as the major loss maker as they also seemed to highlight - "The Scalextric brand primarily delivers slot car sets to consumers through multiple retailers and as such is a relatively low margin business. There are significant opportunities to improve Scalextric margins and to carefully grow volumes through improved innovation and marketing support." There clearly is little short term downside imo but if a bid comes a very quick uplift, and it could be significant. If a bid does not come at this time, it is likely that once the company publishes or forecasts a profit, the stock will jump anyway, as they wish the company remains on the AIM market.
clocktower
24/6/2017
09:46
They were simply obliged to make the offer under the rules just a technical event, I don't think they want the whole company . It equally certainly does not want to be bought by the likes of Mattel . It is a niche hobby business that lost its way simply because of the wrong decision in not buying the manufacturer when it came up for sale and then having to find a new one capable of doing the job . Trouble is this was not seen as the problem , it was compounded by bringing in people who knew nothing about this sort of business ,they made all the changes their MBA type degrees lead them to think were necessary , resulting in alienating their trade base , and dismantling many of the joined up elements that made the business work previously , which is still the case even now . They do have a quality manufacturer now , but at a premium , saying they have re connected with the trade base , not so sure , its improved a little .
holts
22/6/2017
14:44
At lot more upside to this yet I suspect: From todays RNS: "The Board considers that the mandatory cash offer of 32.375 pence per Hornby share significantly undervalues Hornby and its future prospects. The Board also notes Phoenix UK Fund's belief that Hornby should maintain its AIM Listing and its stated support for maintaining a board of directors that complies with the QCA Corporate Governance Code." How long before a formal bid comes along now that is acceptable to Phoenix is the crucial question.
clocktower
21/6/2017
12:26
http://www.investegate.co.uk/hornby-plc--hrn-/rns/directorate-change/201706211206307656I/ Canham gone.
clocktower
21/6/2017
12:16
No rush....the smell has only just died down.
gozo
21/6/2017
12:14
Agreed sinkyj but can the board now fend off a counter bid if one were to come? Where would that leave them and at what price would they be happy to move over?
clocktower
21/6/2017
11:52
Sounds like a win for the home team, CT. I'm sure the board will be happy. The employees maybe less so.. "Back in April, investors Ian Alexander Anton and New Pistoia, between them owning 20 per cent of the company, called a requisitioned general meeting (RGM), with two resolutions: to boot chairman Roger Canham off the board, and to elect Anton himself in his place.Canham is also non-executive chairman at Phoenix."
sinkyj
21/6/2017
11:50
gozo, maybe put it back in LWRF at some point in time. :-)
clocktower
21/6/2017
11:46
Have you sold?
gozo
21/6/2017
11:23
21 days is a long line to travel down, and one that regardless of the outcome a small profit is a profit.Game on all to play for now. Will the board be happy with this situation?
clocktower
21/6/2017
11:14
21 days worth of track left unless a counter offer emerges.
gozo
21/6/2017
11:01
Wednesday, extending earlier gains as Phoenix Asset Management Partners launched a mandatory 32.375 pence a share offer for the shares in the company it doesn't already own, valuing it at £27.4m.Phoenix UK Fund Ltd. has agreed to buy 17.6m Hornby shares from New Pistoia Income which it will then transfer to Aurora Investment Trust, another fund managed by Phoenix. Following completion of the acquisition, the Phoenix concert party will hold 46.7m shares, or 55.2%. This will trigger the mandatory offer as required under Takeover Panel rules, meaning Phoenix UK Fund will be required to make a cash offer for the remaining shares the concert party doesn't already own.
sinkyj
21/6/2017
09:51
At the station, getting loaded, and ready to get a bit of steam up it seems to me. :-)
clocktower
21/6/2017
09:33
takeover............
chrisdgb
21/6/2017
09:23
Good to have you on board for the ride sinkyj, might be a bit bumpy on the track at first but I am expecting a long straight on the track before very long. I will add on any weakness today.
clocktower
21/6/2017
09:11
I joined you for a few yesterday, CT. Lightened my Lightwave exposure so to speak. Looks an interesting stock to be on. Good old brand.
sinkyj
21/6/2017
09:05
It might take a bit of time to sink in with some investors but the board have done a good job and re-established its business with smaller retailers rather than just focusing on big box movers that want you to work for nothing. If the product sells they will not want to miss out on the product even if they have to pay the asking price. The brand alone is money in the bank imo, I am also expecting a bid at some point in time (not to far away hopefully).
clocktower
21/6/2017
08:59
Yes that is eye-catching. Also, "Hornby Loss Narrows But Sales Decline In First Year Of Turnaround Plan" A misleading headline from Alliance News. This was due to a reduction in scale and expenses. A planned part of the turnaround and explains the decline in sales.
gerryjames
21/6/2017
08:06
Increased losses but turned Debt of £7m+ into positive Cash balance at end of March 2017 of £1.5m I expect trading will be limited due to non-order book trades showing.
clocktower
21/6/2017
08:04
Mmm....mixed statement....still got it all to do with products that are a shadow of what they used to be in terms of quality workmanship and materials.
gozo
19/6/2017
16:37
Late surge, no doubt orders that have not been shown today. As for the chart gozo, that may change rapidly on Wednesday if all goes as well as I am expecting/hoping.
clocktower
15/6/2017
19:37
Chart looks concerning.
gozo
14/6/2017
11:57
To remind you of all the Brands Hornby has: hTtp://hornbyhobbies.com/
clocktower
14/6/2017
11:29
That is a possibility jurgenklopp but I do not read it like that. You have a business with a revenue exceeding £40m - the board are confident of meeting the years financial target for this financial year. Kids (and grown up ones) still love to play with solid objects, not just games on mobile devices - as you say Iconic Brands which in themselves have a huge value - think how these could also be used to promote games (building Apps) associated with these brands and products, so they feed off one another. They have focused products onto profitable lines, reduced stock and continue to do so but in a way that avoids disruptive and cannibalisation of profitable lines of business. Yes, a bid is likely imo but I can see how they are turning this around and can focus on innovative products going forward and earning licensing income from the brands. I have seen small specialist business that cater for the very products that Hornby sell. They set up clubs etc. The error was to rely on big business that damaged these small interdependent retailers but they have learnt their lesson and seem to have addressed that situation, which will have delighted those customers whom will now I suspect increase their Christmas orders substantially, and more to the point support them going forward. Taken from RNS dated 24.11.16 "We have listened carefully to our core Independent customers and responded positively to their concerns with new trading terms and a commitment to rebuild our relationship with them.
clocktower
14/6/2017
10:28
Iconic brands within the company but you just cannot see how model trains, scalextric etc can reinvent themselves to ensure sustainable growth like for example Lego has been able to do. It needs someone like Mattel to snap it up.
jurgenklopp
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