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Bring production back to uk ASAP, improve moulding system, advertise as uk product this would then fly. China bad spot to be associated with. Come On HRN do the right thing.
Hornby have emailed wholesalers telling them prices are going up 10% because of increased shipping costs from China. Not going to go down well.
HRN have written to retailers to raise prices 10% as shipping issues, costs and commodities eat into margins.
China ports are getting in a bit of a mess. Covid slowing down Yan Tian and ships getting delayed by weeks, eventually months. Christmas stock may get effected.
Investors should prepare for the RNS advising of shipping delays hitting guidance here.
Another company that is amply demonstrating how everyone is spending their lockdown time!
This is a great company.
A sister company as far as the main shareholder - Phoenix - is concerned is Stanley Gibbons. They too have had investment from Phoenix that should bring about major sales growth - see hyperlink: www.1c-magenta.com
First profit for many years. Only another 15 years of those profit levels and they'll get back what they lost in the last 4 years.
This share isn't going to set the world alight with the volume of shares traded, but some nice big buys have gone through over the last few days ready for the Final Results that should be posted this month. Perhaps a Trading Update too?
"...group sales for the financial year ended 31 March 2021 were ahead of budget and 28% ahead of the prior year."
"...full year results announcement, which we are planning to release in June."
Slowly creeping up, and due a trading Statement any day now.
My buy is showing as a sell !
Another nice little increase for the pension pot in 5-7 years.
Good solid investment against a very low current SP.
GLA LTH
Good times ahead for this iconic brand.
GLA LTH
"Over the last three years or so, Hornby has invested heavily...."
"...Hornby Hobbies is ready for growth"
https://www.toynews-online.biz/2021/03/01/tracks-to-the-future-hornby-hobbies-talks-licensing-plans-and-the-retro-appeal-of-its-iconic-scalextric/
Nice little increase for the pension pot in 5-7 years.
Good solid investment against a very low current SP.
GLA LTH
Wow what a move. Did not see that coming. Take care at this level though. If they manage to turn in a profit of £1m net, the PE will be over 100.
Games Workshop a more solid bet on the covid hobby recovery, now that HRN is at these levels.
Great performance by Hornby today. Another small company I am watching is Stanley Gibbons [SGI] the stamp and coin dealer. Phoenix are also involved with that one, and like Hornby, stamp and coin collecting is going strong in the lockdown as folk rediscover these hobbies. Half year results are due imminently which should exactly demonstrate this, they are an absolute bargain at 3.3p each - look at the ten year graph to really see something remarkable!
DYOR
I have a loft full of Hornby O gauge , some quite early ones , the grandchildren are mesmerised by them , I think the comment of families in lockdown reconnecting with old toys and happier times will boost this Company still further .I also have a lot of early Meccano which the five year old is managing to build with , amazing! I am not a holder of these shares , so good luck to you all .
Nothing I can see. I did search, but maybe just the lockdown, kids staying at home and engaging with parents who want to relive their childhoods?
were there any particular good news today? can't see why it went up so much all at once..
Hornby have been upsetting all their retail accounts recently. Someone at Rails probably said something they shouldn't to the wrong person.
Just had an email that rails are no longer stocking Hornby. No explanation as to why. Rails are one of the biggest model railway outlets in the uk.
Latest loss announced brings the total losses of shareholder funds from 2012 to £49m. An olympic performance.
Tangible NAV PS is 23p.
>seems to be getting very close to how it was performing pre-pandemic
You are correct. It is returning to losing £5m a year and burning cash like coal in a boiler.
Hardly any float left to trade (Pheonix own it all) so the price never moves. At least it doesn't fall I suppose.
I'm only just starting to look into this stock but it seems to be getting very close to how it was performing pre-pandemic. Hornby is a business I haven't followed much for a few years but it seems as if it had some quite positive Christmas sales.
The coverage of the return to the shops today seem to suggest Britain is still willing to spend. My immediate thoughts are: Pretty much everybody in the country has had a lot of spare time on their hands recently, perhaps investing more to their hobbies than ever before.
However, I do recognize some of the fundamental issues that have existed with this company for many years and I would be interested to hear other people's opinions on the current state of play...