Hornby Share Discussion Threads

[holts] 15/3/2019 17:39

Last rescue raiseD funds putting Phoenix in even deeper than they already were .

Its a profitable business run properly , back in 2008 they had eight million in tne bank , this is where it went really wrong and something the programme failed to delve into . They blew most of it buying Corgi , who were going bust at the time , rather than wait and pick up the pieces they wrote the cheque , at the same time the opportunity to buy their production factory in China arose , they didnt and their main competitor bought it instead , Q years of problems compounded by loonies in the management asylum .

[nickjoseph] 15/3/2019 17:15

Directors have purchased a fair few so its in their interests to turn things around. How are they cash positive? Did they have a rights issue or sell some land previously?

[shanklin] 15/3/2019 16:58

Yes, I wonder what proportion of annual sales results from orders made in the first two weeks after launch... and whether it was actually double last year...or say 1.8x or perhaps 2.2x.

Whatever, I guess they needed a good ending for the documentary but strange HRN did not also formally update the market on this or the value destruction on the mould front (or have they done this previously).

[shanklin] 15/3/2019 14:55

The bit in the first programme about previous management putting many train moulds, each costing circa £100k, in a skip sounded unbelievably incompetent.

[rafieh] 15/3/2019 14:33

Thank you Nick. I'll watch it after work. If doubling of orders is true, then the share price should break out of the 3-year range pretty sharpish.

[rafieh] 15/3/2019 14:11

Where did you hear this? Is the programme still available?

[holts] 13/3/2019 22:31

I am wondering how they can note on a TV programme that they have taken in double the value of orders from last year but not actually bother to have a sales update to the market .

[xxxxxy] 11/3/2019 23:35

Have to say it is more a 'love thing' than money. Life is more than lowly investment.

But wish the company well and healthy profits

[rafieh] 11/3/2019 11:19

Finally some movements!

[clocktower] 22/2/2019 07:36

The perfect model Railway. 15,000 people expected to attend the show that is starting today.

[holts] 21/2/2019 09:43

Being half asleep I posted this on another thread rather than the main one here , just for info really .

I suspect there are a couple of reasons for no update so far , one the cost base has been reduced to such an extent that there are not sufficient bodies to take care of the admin, which has co-incided with an increase in volume of orders because of reversion to inviting customers down to Margate and input from the various annual trade toy fairs.

[holts] 19/2/2019 18:15

Who knows , so much damage has been done .

[clocktower] 19/2/2019 13:44

But HOLTS are the changes sufficient to return the company to profitability?
Thanks.

[holts] 19/2/2019 12:51

I suspect there are a couple of reasons for no update so far , one the cost base has been reduced to such an extent that there are not sufficient bodies to take care of the admin, which has co-incided with an increase in volume of orders because of reversion to inviting customers down to Margate and input from the various annual trade toy fairs.

[rafieh] 30/1/2019 13:03

Any hint of positive outlook in the trading update would trigger a breakout from 3-year base.

[clocktower] 30/1/2019 08:51

Seems like that there has been a buyer of late that is happy to pick up stock at 32/32.6p - maybe the company will update the market shortly.

[xxxxxy] 16/1/2019 15:53

Computer games and stuff is the now 'yesterday'. Soon.

[arthur_lame_stocks] 15/1/2019 13:02

I still can't see any point in ever investing in these, the shares will never be worth even the current price and that's if they recover.

[xxxxxy] 15/1/2019 12:59

Why not radio controlled 00 gauge? Must be a lot easier these days. It would make garden lay outs easier.

[xxxxxy] 15/1/2019 12:57

Why not radio controlled 00 gauge?

[clocktower] 18/12/2018 08:48

I wonder how much impact the drop in retail sales is having on HRN this Christmas.

I am surprised the share price has held up as well as it has done but I would not dismiss the efforts of the current management, as the market world wide remains a large one that can still support good well run traditional toy brands imo.

While the products might not be on the top of kids wish lists, I am sure the stocking filler market for some of the companies products remains steady.

How many dads get bought a corgi car that they have either owned or dream of buying.

[cmw1] 10/12/2018 16:19

Never thought I would agree with Arthur_Lame_Stocks and xiggly but until Hornby has developed male age appropriate products I have that “sinking feeling”.

[rafieh] 10/12/2018 08:09

Xiggly,There are still a lot of kids below the age of 10 who would appreciate a nice toy car.