The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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Outlook " As is the case every year, consumer confidence in the pre-Christmas period will be an important factor in determining the overall result for the financial year. The effect of pent-up demand in Europe, now being satisfied by improved supplies from China, and the positive impact of incremental sales of London 2012 merchandise gives us confidence in the out-turn for the year. " In conclusion, the Group is trading well. We have laid the foundations for growth in both the short and medium term and we look forward to the future with confidence."
Financial position " There have been no significant changes in the financial position of the Group as at 30 June 2011 since the publication of the Report and Accounts in respect of the financial year ended 31 March 2011. " The Group continues to have access to secured banking facilities of £19.0 million in the UK maturing between 2012 and 2014. Net debt at 30 June 2011 was £9.3 million (31 March 2011 £6.1 million).
Business performance " Over the past ten years our strategy has been to build a broadly based hobby business, spanning a number of product categories and geographical markets. This strategy now provides us with a strong platform from which to leverage our brand strength in order to continue to grow our business. " Our businesses in the UK, mainland Europe and the USA have made a good start to the new financial year. Against a challenging economic background, demand for our products remains strong. Since the beginning of the financial year shipments from our principal supplier in China have been in line with our requirements, supplemented by increased shipments from our broader supply base. This has enabled us to achieve year on year sales growth in the UK and Continental Europe. "In the UK, all of our brands are performing well and we are encouraged by the sales momentum that is building in our London 2012 Olympic ranges. We expect this momentum to continue to gather pace as the Olympics draw nearer. The new channels of distribution that we have opened as a result of our London 2012 ranges will provide a solid platform for additional sales growth following the Games. " In Europe, we are delighted that improved supplies of model railway products from China have enabled us to begin to tap the large market potential for our products. We are also pleased that in France, three of our new Jouef locomotives received "Model of the Year" awards at the recent Paris Model Show. This demonstrates that our products, designed in Europe and manufactured in China are gaining recognition as "state of the art" in their sector. " We are very pleased to have secured the worldwide licence for a range of Star Wars Scalextric products. We are confident that this license, applied across a range of 1:32 Scalextric products and 1:64 Micro Scalextric products, will build our presence globally and particularly in the USA.
The business is in great shape. We are delighted that we have secured the worldwide licence for a range of Star Wars Scalextric products. As the films are converted into 3D format by Lucasfilm over the next few years, we anticipate that we will get an encouraging reaction to our new range of speeder bikes and X-wing fighters. We also have high hopes for our products associated with the new Disney/Pixar movie "Cars2" and have also secured the exclusive worldwide Master Toy licence rights to a new children's animated TV series 'Olly the Little White Van' which will soon be launched on ITV. "To conclude, Hornby is in an excellent position going forth, thus we would expect the continued growth to pick up pace looking at meeting both long and short-term objectives. " Word from the CE. Looks interesting!
Does anyone know what caused Friday's sudden drop, which wiped out any gains from the week?
your charting point obviously stirred this into some action, good job!
In an age of hackable Playstations it has to be said that a train set appears a wonderfully quaint concept, especially as I have not had either toy. Maybe Zak Mir Junior is due such a purchase? As far as the charting position of Hornby it can be seen how there has been a falling trend channel in place on the daily chart, coupled with the latest failed January gap down fill. The implication is that back below the blue 50 day moving average at 117p could be enough to trigger a fresh leg down for the shares towards the 2010 price channel floor sub 100p, even though there was a positive move on Friday. Only a weekly close back above the black 200 day moving average at 134p really abandons the bear scenario. So reckons Zak Mir
Star wars products still making money for whoever has a link with them!
Numis upgrades Hornby from add to buy.
Frank Martin, Chief Executive of Hornby, commented, " The business is in great shape. We are delighted that we have secured the worldwide licence for a range of Star Wars Scalextric products. As the films are converted into 3D format by Lucasfilm over the next few years, we anticipate that we will get an encouraging reaction to our new range of speeder bikes and X-wing fighters. We also have high hopes for our products associated with the new Disney/Pixar movie "Cars2" and have also secured the exclusive worldwide Master Toy licence rights to a new children's animated TV series 'Olly the Little White Van' which will soon be launched on ITV. " Our range of London 2012 merchandise is now gathering real momentum. As we approach a year to go to the games, we are seeing a significant increase in sales. We are also benefiting from the increased distribution coverage. " The team is very pleased that our supply chain is now delivering. Our major suppliers are working well and we are confident that they will support our growth ambitions in the UK and our overseas markets. " Looking ahead, Hornby is in an excellent position. This is a very exciting time for us with the imminent launch of new products. The new licence wins have presented us with an outstanding opportunity to appeal to a new generation of hobbyists and represents a major opportunity for us to grow our business and deliver significant value for our shareholders."
HORNBY UNVEILS WORLDWIDE STAR WARS LICENCE AS LONDON 2012 MERCHANDISE SALES GATHER PACE Hornby Plc ("Hornby"), the international hobby products group, has today announced its results for the year ended 31 March 2011. Hornby owns a number of model railway and slot car brands, Airfix models, Humbrol paints and Corgi die cast models. · Turnover for the year down 1% to £63.4 million (2010: £63.9 million) · Net debt £6.1 million (2010: £3.2 million) · Underlying profit before tax* of £4.4 million (2010: £5.7 million) · Reported profit before tax of £4.1 million (2010: £5.2 million) · Statutory basic earnings per share 7.50p (2010: 9.76p) · Total dividend of 5.0p per share (2010: 5.0p) · Sales of London 2012 merchandise accelerating · New licence wins including Star Wars and Disney Pixar's 'Cars 2'
Chairman, Neil Johnson commented: " The negative impact on the Group caused by the unusually adverse weather in December is almost certainly a one-off event. Coming on top of the previously reported supply chain issues the result for the year will clearly be impacted. Nonetheless, due to its diverse product and geographic spread Hornby continues to occupy a position of strength amongst its peers. We continue to see significant growth potential in many of our markets. The further positive progress on our supply chain issues will enable us to capture this potential as the business grows."
In the interim report on the first half of the financial year to 30 September 2010, we indicated that sales in the UK had shown good growth compared to the previous year. This trend did not continue during the pre-Christmas period. The Group's retail customers experienced weaker sales than expected in the weeks immediately prior to Christmas. The major reason was the impact of the inclement weather which led to sales to consumers being lower than expectations. This, in turn, resulted in reduced sales by the Company to its retailers.
http://www.investegate.co.uk/Article.aspx?id=201101250700089986Z
Divi restored.
Hornby Plc, the international models and collectables group, today announces its half year results for the six months ended 30 September 2010. Hornby owns a number of model railway and slot car brands, Airfix models, Humbrol paints and Corgi die-cast models. · Turnover up 2% to £25.5 million · Statutory pre-tax profit £0.5 million (£0.7 million 30 September 2009) · Distribution partnership agreed with The Royal Mint · Disney/Pixar Toy Story 3 Licence performing well in Scalextric and Hornby · Hornby Heritage Visitor Centre opened in Kent · Net debt reduced to £10.8 million (£14.7 million 30 September 2009) · Interim Dividend of 1.7p restored Frank Martin, Chief Executive of Hornby said, " Demand for our products remains strong. Our core ranges of model railways, Scalextric, Airfix and Corgi are all performing well. Hornby is in good financial health and we are pleased that our suppliers have taken steps to increase volumes. In addition, we have continued our strategy to diversify our supplier base. We have brought on stream a significant additional source of model railway manufacturing, thus further reducing our dependency on our largest supplier. " We are delighted there is strong interest in our London 2012 Olympic ranges. Our involvement in London 2012 has resulted in a landmark distribution agreement, recently signed, with The Royal Mint. Under this agreement we will distribute The Royal Mint range of London 2012 sports collectable coins via our mass market and hobby retailers. We expect that this agreement will form the basis of a long term relationship between Hornby and The Royal Mint. " Ahead of the Christmas season, we are well placed. We have strong retail relationships and our product ranges appeal to a wide cross section of hobbyists and enthusiasts. Despite the economic conditions, the team is really excited about the prospects for the Group. We are confident that, from here, we can drive the performance of the Group forward ."
http://www.investegate.co.uk/Article.aspx?id=201011120700080520W
Have been holding this share for 3 months and delighted to see it nicely going north at a nice gradual pace.I do not think James May is doing it any harm,so thank you James.
have a look people. I thought this was good news earlier in the week but you all ignored me.
HORNBY WINS LICENCE AGREEMENT WITH LONDON 2012 Hornby Plc ("Hornby") the models and collectibles group has won the licence to develop and market a range of products associated with the London 2012 Olympic Games. Hornby has been granted a licence by LOCOG to produce an extensive range of official London 2012 merchandise across its Corgi, Hornby, Scalextric and Airfix brands. These will include Corgi die cast model vehicles including London taxis and London buses and collectible die cast figurines, Hornby model trains based on trains that will be an integral part of the Olympic Park transport network, Airfix kits of the main venues including the Olympic Stadium and Scalextric velodrome sets. All the products will be in the official London 2012 livery and branding. Hornby will be launching the first ranges of London 2012 merchandise later this year. The licence will run for the next three years in the run up to the 2012 games and beyond. This is the first of several exciting toys and souvenirs licences to be awarded by LOCOG. LOCOG CEO Paul Deighton commented, "One of the most exciting things about our commercial programme is the possibilities it offers in the licensing and merchandise arena. We are proud to be working with a truly iconic British company, which can offer us a great range of products across its brands that will celebrate the Games in 2012 and live on for generations after as collector's items. We welcome Ho
Hi Guys I read a very smal artical in a local news paper in Margate this weekend that Hornby (local company) has gained a franchise to make offical merchandise for the 2012 olimpic games. This is big news for this company is it not? Thoughts please and DYOR goes without saying
anyone understand what all the small trades on here are about??
Will people always need model railways? I think maybe they might! People are going to withdraw into their own homes and they'll need to do something! Anything hobby-related has got to be worth a punt!