Hornby Share Discussion Threads

[clocktower] 31/8/2018 14:10

Back in July the head honcho was buying a considerable amount of stock along with a couple of PDMR`s at prices up to around 37p - so the share price is once again looking like a fair punt imo.

The business has a number of strong brands that still appeal to a wide range of enthusiasts, and I reckon that the group and interdependent retailers will be placing decent sized orders for the Christmas Trade at this time of year, now that the company has a leader that knows the trade inside out.

DYOR.

[xxxxxy] 17/8/2018 11:53

I am thinking about it. More heart than head. Love comes in many forms.

[clocktower] 29/6/2018 12:15

LD still adding - his purchase not showing on trades yet.

[clocktower] 28/6/2018 13:10

Yes it`s LD again, and as for being diddled on the price, its seems he needs to change broker but that said, the MM are ready to screw you over on any quantity, more so now as the stock availability will start to dry up until we move to a higher level. As he will be hanging onto his stock and unlikely to sell it until he has recovered the business to full profitability, a couple of pennies will be neither here nor there in the scheme of things, as I expect it will be pounds.

I never took up the offer when it was made, and would have come out with a small profit at the time but my holding was underwater until now.

As to extended credit, maybe there will be an option due to the size a the facilities the company has - they could obtain cover for this, and it would certainly help the small retailer (whom mostly are honourable people and pay their bills) and provide them with confidence in HRN once again, knowing they are not up against Big Box retailers that have been sold stock at a discount and with payment terms.

I can see this being 40/50p within a couple of months.

[holts] 28/6/2018 10:45

He has a fair wedge to spend if he wants , he knows its a simple business , if they get supply and pricing right its a doddle , changing the extended terms they used to offer was a big mistake in sales terms , one its likely not possible to correct because of their financial position .

edit I think he is being diddled on the price

[clocktower] 28/6/2018 10:18

Wonder if that 116k buy is another director purchase this morning.

[clocktower] 27/6/2018 15:00

At least selling into director buying has given some a chance to exit at what they might perceive as reasonable level. While it also have given the directors the chance to continue to pick up stock at around 33p or there about.

Hopefully, the seller/sellers will look back in 12 months time and wish they had sat tight as they look forward to greater rewards.

Will be interesting to see if others close to the company continue to pick up stock.

[clocktower] 27/6/2018 12:01

Lyndon Davis buying again - he really is putting a decent amount of money into HRN stock, now holding 313,097 - over £90k worth since last accounts.

I am looking forward to the next set of figures, it maybe well worth the wait.

[clocktower] 26/6/2018 11:27

Small amounts of stock still available at 33p but it is a bit surprising that these have not been picked up by now, in view of the limited amount of stock that is available.

[rmart] 25/6/2018 16:17

2 more rns director buys at 33p. Bought in today but had to pay a bit more. Happy though.

[clocktower] 25/6/2018 16:11

Another decent sized buy from LD - that really packs a punch.

[clocktower] 25/6/2018 14:59

I suspected that was the case along HOLTS, with the fact that some rewards maybe coming from the 49% stake from LCD Enterprises Ltd. I also expect smaller retails are ordering for Christmas at this time of year, in the knowledge that Hornby will not be offering big discounts to a few mighty retailers just to get turnover. They have a lot more belief in the current management, that will once again look after their corner rather than those of box retailers.

What is encouraging is to see the volume going up considerably, with a lot of very decent sized buys.

[holts] 25/6/2018 10:51

it would appear that was a kitchen sink job and that there may be indicators within the company of improving orders and supply .

[clocktower] 22/6/2018 15:59

Lyndon Davis buying 132k of shares today, certainly put a shot in the arm to the share price

Really a confident move of his. A man that believes in himself and the company is just what was needed. At least they did not issue options before buying - credit to the BoD.

[clocktower] 22/6/2018 10:18

Volume well up on its normal level, with a couple of fairly lumpy trades - maybe other directors are buying the stock?

[clocktower] 22/6/2018 08:18

Wonder what has put a rocket up this ones backside?

[clocktower] 21/6/2018 08:47

With only around 10% of the shares in public hands this could move quickly on any good news in the coming year imo.

[clocktower] 21/6/2018 08:07

Well there is a surprise, the CFO buying 41k of shares followed by a PDMR buying as well.

I think they must be very confident in the turnaround plan.

I wonder how profitable Oxford Diecast will be this year, and what dividends HRN will receive.

[holts] 20/6/2018 21:15

Turnover , which is vanity , has dropped because they abandoned fire sales , which were required because the cretins running the business had no idea what they were buying and were lumbered with stock in depth that they would need years to sell .

Its still involved in some of the most popular hobbies in the Uk , it just needs to return to its simple roots , it wont go bust .

[arthur_lame_stocks] 20/6/2018 19:01

Margins may have gone up but turnover has fallen off a cliff. There's just not point holding this stock, you won't make a profit if it recovers and there is a very real chance it will go bust. Just my opinion.

[holts] 20/6/2018 12:56

I am sure LDs thoughts were a complete buyout by hornby eventually , however I would guess thats all dependant on a proven turn round at the main business , interesting rise in shares today .

[clocktower] 20/6/2018 11:44

There was little mentioned in the report about Oxford Diecast - HRN have owned 49% since November last year. We are yet to see the inclusion of any of the benefits.

Will the next move be to buy the other 51% from LD in part cash and shares, and is this what the extra funds have been put in place for?

I think there is a lot more going on behind the screens than is yet to be presented upon the stage, when the curtains rise.

We now have someone running the business that has got to grips with the pass idiots mistakes, and has already increased gross margins and cut costs, and he has not even been in the driving seat for a year.

[clocktower] 19/6/2018 08:27

Does not look pretty but I guess all the bad eggs have been put in this set of figures, and the CEO has said it as it is, which is a very positive sign. While sales have not met expectations March - June it seem that might have been due to the shortage of stock, that being a very good sign bearing in mind the access to the new funds are now in place.

I guess the plan LD put forward to get the funding in place is exciting and rewarding, and will result in a reinvigorated business.