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still holding steady . surely it could be forming a base for hike upwards.
Moved back to Margate (See Isle of thane new article) and ameliorating the turd sandwich they made for themselves on sales and debt. Expect the DC comic models to be very attractive... Batmobile will be a stunner. Watching, waiting. They should have thought about DC .... and Marvel maybe over the likes of Harry Potter.
Quite happy for it to stay where it is for a few more months ;)
the feeling that a small rise is due.
Difficult to call as it's small volumes traded. I'm toying with the idea of buying some more. Sat on a reasonable profit at the moment but I can see the price picking up considerably if the turnaround plan bears fruit. It wont happen immediately though, they more or less said in the last report it would take a year or more to start having a significant impact due to lead times, tooling etc.
I want to hear more about the Disney deal and how they are going to leverage that.
I also think they need to invest in some promotional activity. There's been a resurgence of interest in "real" toys and activities over the past few years but Hornby aren't really visible in the wider market place. I'm hoping they deliver on improving the offer on their traditional modelling market and use the Disney deal to get a new generation of hobbyists and modellers as future customers.
Hornby PLC
09 November 2018
Hornby PLC
("Hornby" or the "Group")
9th November 2018
Board Changes
Hornby Plc, the international models and collectibles group, today announces the following changes to the Board.
Martin George, a Non-Executive Director, has notified the board of his intention to step down with immediate effect.
Martin is leaving the Group to focus on his role as customer director at Waitrose which is taking up the majority of his time.
John Stansfield, Non-Executive Chairman, commented:
"The Board would like to thank Martin for his contribution to the Group over the past two years. We wish him all the best in his role as customer director of Waitrose".
It is the board's intention to recruit an additional independent director and a search has commenced.
Yup.
I think this is under the radar at the moment. The Disney deal could potentially be huge and lead to significant growth in the business if the rest of the strategy is executed properly. I'm seriously considering buying more, but need cash to pay for lots of stuff being done on the house at the moment. That said, I'm tempted to raid the kitty anyway.
Will soon be trading in the 40p - 50p range which is good.
However, does demonstrate how a share can move up in very low turnover when there is so little of it around in the market to buy. Clearly an inelastic stock to buy at the moment, which suggests that any further good news could be met with a sharp rise.
the SP is finding a support
"stinker", how come BBB79?
I picked few of thee up when the annual report came out. A bit of a stinker on the financial front but I liked the plain language and acknowledgement of where the strategy had gone wrong and what was being done to fix things. Also it was made clear that the improvement in financial performance would not be immediate due to lead times etc.
Obviously others liked it too as the price soon rose. That was before the Disney deal as announced.
I'm really excited by the Disney deal - it's not hard to imagine a "Hogwarts Express" train set and the sort of volumes that would shift. Not only that sales boost but it could potentially bring lots of new blood into modelling and drive long term growth.
I view this in the same way as Games Workshop, which was failing a few years back, look at it now. Unfortunately I didn't buy in on GAW as I thought the "one man store" strategy was am mistake and thought there was an element of arrogance/complacency in the annual reports. How wrong I was, had I bought in I'd now be sat on an 8-bagger and enjoying dividends of around 25% of my buy-in price.
I think Hornby could do something similar, if the strategy is properly executed. The brand alone must be worth a fair chunk of the current SP.
This is a great deal for HRN and its shareholders. I just wish something similar could be pulled out of a hat for Phoenix's other big investment - Stanley Gibbons PLC [SGI]. That share is completely caught in a rut at the moment.
This deal could be transformational for HRN, I wonder how big it will end up being?
I too tried to top up my holding earlier this week , and I have to day that this is a very illiquidly traded share. Probably because of Phoenix's holding, there are very few floating shares available in the market.
SGI, will , I hope, be in exactly the same position next month after its results as it too suffers from a lack of liquidity in its shares.
It is interesting that Phoenix buy into these types of companies, I wonder if they plan any other investments now that HRN is turning out well?
that was all folks...
saw the warnerbros rns at exactly 12 noon, and tried to buy but i could not buy anything
My thoughts are where is the new blood - appreciate experience is an asset, however, the shuffle just moves people around to do jobs they should have done before -- musical chairs without any penalty of a missing chair to sit on.
In my opinion not good news at all. As the report says 'composition of the board remains unaffected' so what is the point? Very disappointing.