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 Shares Traded Last Trade
  0.00 0.0% 33.50 0.00 07:51:20
Bid Price Offer Price High Price Low Price Open Price
32.00 35.00 33.50 33.50 33.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 37.84 -3.40 -2.67 56
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 33.50 GBX

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Date Time Title Posts
19/6/202020:39On the Right Track again.185
09/4/201907:31HORNBY - ALIVE & STEAMING7,714
22/6/201810:18Hornby sp should be 500p by end 2009269
21/6/201708:04 *** Hornby ***104
13/6/201710:02One the Right Track Again.-

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Hornby Daily Update: Hornby Plc is listed in the Leisure Goods sector of the London Stock Exchange with ticker HRN. The last closing price for Hornby was 33.50p.
Hornby Plc has a 4 week average price of 32.50p and a 12 week average price of 31.50p.
The 1 year high share price is 40.50p while the 1 year low share price is currently 24.50p.
There are currently 166,927,838 shares in issue and the average daily traded volume is 1,213 shares. The market capitalisation of Hornby Plc is £55,920,825.73.
xiggly: clocktower thats a good point that did cross my mind , not sure how close you live to the hornby site in thanet but i live very close and i know people that work there , basically they have shut the site down for a few weeks because of the virus and staff are now working from home , the great unknown is has the china lockdown affected production as all there stock /toys /come from china , bottom line is hornby will never go bust as phoenix that own hornby are in to deep and will always bail hornby out - i estimate the share price has to reach 60 -70 pence for phoenix to even break even on there investment with hornby ,only then will they even consider bailing out and leaving hornby hung out to dry as it were but i suspect greed will kick in and phoenix would keep hornby as long as possible if the S/P is rising - as for our investment which to be blunt is all we really care about - it was starting to perk up before the virus thing which has hit the share price , or turning things around now at 30p could be an opportunity to buy when the S/P picks up again after this bit of nonesence blows over in a few months time ----
xiggly: As expected share price now on the way down after the feeding frenzy of the last few days , just the normal profit taking going on - dont miss the boat chaps take a bit of profit before it drops any futher as it surely is going to - bit of sneaky money to be kept quiet from the mrs -- LOL
xiggly: CLOCKTOWER Dont hold your breath with this one my old son , the share price is never going to rise to any great degree until they bring out new toys that the younger generation really want and that they can sell worldwide in great volume ,and as yet they cant crack that puzzle , having said that i believe they are really trying , lego seemed to have cracked it but as yet hornby just cant unlock the code as it were , they are involved in the harry potter and marvel parafanalia which might just be there savior in years to come ---
xiggly: CLOCKTOWER interesting points you make - however everybody here is missing the screamingly obvious as to why the S/P has dropped from over £1 in 2015 to 30p now , the stark reality is the younger generation no longer want ANY of the hornby products to the extent they once did and why would they as the digital age has now well and truly taken over from the traditional hornby "toys" , why would any young person even want a train set and the like when they have there do everything mobile phone , playstations, massive widescreen tv, ipads and lord knows what else , if you think very logically about it the only people who are still buying the hornby train sets are the middle aged and older hobbyists and they slowly but surely are becoming ill and worse still passing away hence hornbys falling sales year upon year , unless hornby start to create new toys that really appeals to the younger generation instead of little toy cars and toy train sets that become very boring after you have seen them go round a little toy track more than once i cant ever see the share price moving from what it has been since they had there first major profits warning back in june 2015 - that i am afraid is the harsh realty of the hornby share price --
spob: Paul Scott wrote on Feb 10 .... Hornby (LON:HRN) Share price: 39.6p (down 51.1% today) No. shares: 55.0m Market cap: £21.8m Just a bit of catch-up first; I reported here on 18 Jun 2015 about Hornby's £15m equity fundraising at 95p, and how amazed I was that it had been possible to raise fresh funding in what was effectively a rescue refinancing, to get the bank off the hook. Sure enough, the investors who backed that 95p fundraising are looking unwise now, and indeed looked unwise at the time too. In my report of 12 Aug 2015 I noted the non-specific but generally positive-sounding trading update, and the move from the main listing, to AIM (a sensible move for a company of this size, in my view), concluding that the shares (at 107.7p) were too high, given that the turnaround was not cemented yet. Risk:reward was all wrong at that price - with shareholders being asked to pay up-front for what was then only a tentative turnaround. Interim results on 8 Dec 2015 look pretty awful, I didn't report on them at the time, but am just looking at them now. It was clear from the interim numbers that the turnaround plan was not working, and once again Hornby slipped into losses - £3.4m for H1, and that's before adjustments, exceptionals, etc. Once again however, management peppered the narrative with optimistic noises about the outlook. Profit warning - here we are today, and it's clear the wheels are coming off. Clearly a serious profit warning, to have triggered a fall in share price of over 50% today, on top of the drift downwards in price since Aug 2015. UK sales performance seems to have fallen off a cliff in Jan 2016, which looks very strange to me; In the UK the Group saw a strong sales performance in the key November and December period as sales opportunities were maximised in the run up to Christmas. Like for like sales in this period were up 17% overall year on year, though this masks some volatility within the period. However, subsequent trading since the start of the New Year has been in stark contrast, with a disappointing response to January product promotions combined with poor underlying sales resulting in negative year on year revenue growth and sales for the month being substantially below expectations. While we are expecting performance in February and March to improve on January, it will not reach previously anticipated levels. Something just doesn't stack up here, to my mind. I can't recall ever coming across a company that is achieving +17% LFL sales, and then suddenly plunges into negative sales the following month. One explanation might be if some exceptional one-off sales were achieved in Nov-Dec. I think the company needs to elaborate on this, because it looks very odd indeed to me - there must be some other factor to cause such a plunge in sales, which is not being disclosed (yet). International trading has also had continued disruption, although they are trying to make it sound as if the worst is behind them (reassurances which we've heard quite a lot in the past too); As disclosed at our interims, there has been a significant reorganisation of the management and distribution operations of the European subsidiaries. The impact of this has been that trading in the international businesses was disrupted last autumn as the restructuring took place. Hornby is now through the main period of major disruption. Improved sales in the last two months have reflected the changes that have been made to the logistics, stock handling and distribution operations and like-for-like sales across December and January combined were up 5%. Despite this being the first positive like for like sales performance this financial year, this is still significantly behind the Board's previous expectations. The key sentence above is the last one. Guidance on loss for this year - helpfully the company does give some figures to enable shareholders assess the damage; In total the Group is now expecting to report an underlying loss before tax in the range of £5.5m - £6.0m, which represents a substantial setback in our recovery plan for the business. With a £3.4m H1 underlying loss, this means that H2 is also loss-making, to the tune of £2.1m to £2.6m. Plus there will be all sorts of exceptionals on top of that. Looks pretty grim to me. As an aside, I think companies that make a great song & dance about having a turnaround plan, and give it a silly name, as if it were some kind of separate entity, often seem to come unstuck. When actually, turning a business around is all about starting to manage it well, instead of badly. Bank covenants - these are under pressure again, despite the £15m equity fundraising in Jun 2015. With one failed attempt at turning the company around already in place, I imagine that the conversations with the bank will probably have a much harder edge this time. As a result the Directors consider there to be a risk that the Group will breach a covenant of their banking facility in March 2016. The Group has enjoyed a long and supportive relationship with its lender, with whom it is currently in discussions. Having a long and supportive relationship with a bank means precisely nothing. It only takes someone at regional office to get a fright on, and over-rule (and replace) the friendly local manager, and all of a sudden your banking relationship has gone out of the window. I've experienced that situation personally whilst an FD in the 1990s, so ever since have never relied on any banking relationship. Outlook - this sounds like a management team who are not in control of the business, and don't really know what's going on (which reinforces what I already thought); The Directors are continuing to execute the Group's turnaround strategy. At the same time, the Board is now analysing the causes and consequences arising from this poor start to the new calendar year. We will update the market on the Board's progress and our revised expectations for the financial outlook for the business in due course. My opinion - if I held shares in this, I'd have sold with the lousy interim results in Dec 2015, at over double the current price. If I'd somehow missed the obvious need to sell in Dec 15, then I would definitely sell this morning. Bank covenants in danger of being breached just 7 months after a substantial rescue fundraising, is a complete disaster. I know it's easy to criticise, but management really don't seem to know what they're doing, and don't seem to have basic control over the business, and its supply chain. It's still heavily loss-making, has problem bank debt, and no doubt a shareholder register who must be asking themselves whether it's time to just pull out, rather than throwing more good money after bad? As things stand right now, I'd say this share is uninvestable, so it's gone onto the Bargepole List, as being too high risk. The trouble is, after making positive noises for some time now, about the turnaround, yet delivering dismal results (and publicly saying that they don't really know why current trading is so poor!), then who would have confidence in management to continue their attempts to turn around the business? So the danger is that the next fundraising could be at a massive discount, hence diluting away existing holders. Even if I did think the turnaround looks promising (which I don't), then I would wait for someone else to refinance the company first, and only invest once the banking covenants were sorted, etc. Why take the risk of being heavily diluted in the next fundraising? It wouldn't surprise me if the next equity fundraising has to be done at say 10-15p. Or below, who knows? When a company runs out of money, and has its bank breathing down its neck, then you could argue that the existing equity has nil value. The company will only survive if new finance is raised, and it's then up to the new financiers to name their price (which if they have any sense, will be as low as possible). - See more at: Http://
druinsky: And the share price rises!!! Trend is ones friend....
the marlboro man: HRN will have 140m shares fully diluted should the options and warrants be exercised, which isn't a lot. They will get $60m cash from this. The $1.50 warrants are exercised when the share price is over $2 for 30 consecutive days. The warrant holders have to exercise them, there is no choice in the matter. This will leave plenty of cash for on-shore drilling, so no more dilution. So then it depends on how much oil is found. Come to an asset valuation for that, and divide by 140m shares. Price the recoverable oil @ $3 (for Puntland?). I've seen a few posts coming to $20+ per share and more. Seems insane, but then you look a Keith Hill's other companies, and it doesn't.
mevforbes: Hargreave Lansdown states it is not Isable. Not listed in the UK. I think because it isn't listed in the UK, isn't Isable, and at the moment, only seems to be TD that allows purchasing, the market for HRN is thinner and less liquid. HRN has a share price of 64p against 75m shares, 51% of which is owned by AOI versus RMP which has a share price of 37.25p against 200m shares. RMP substantially more liquid so bigger benefits. To be honest though, I really do wish HRN was listed in the UK. If it was, then I would undoubtedly buy into it. But as a UK based investor, there is absolutely no sense for this, which is a shame...
troc1958: Should have realised there were problems when two directors exercised share options and sold them immediately at 120p in early Dec 2011. This generally indicates a lack of confidence in the share price. Normally on exercise of options only a portion of shares are sold to account for the tax liability. Sometimes one Director sells all for personal financial reasons. When two sell ..... it should be considered a warning signal. I did sell down a part of my holding following the directors sales but should have sold the lot ..... hindsight is great is it not! Unlikely now that the share price will rise to previous levels until the company gives an indication of how well sales have gone during the olympics. Expect it to languish around 100p for the time being.
hyden: The 'Record Date' is usually 2 working days after the ex-Dividend date. Shares usually go ex-Dividend on a Wednesday (hence the drop in GNK share price today) and the Record Date is usually Friday. Exceptions would be Easter (when the record date would be a Tuesday) and Christmas. Stock specific information (amount of dividend, important dates, etc) is available on the 'Financials' tab.
Hornby share price data is direct from the London Stock Exchange
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