Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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It's becoming a bit obvious that this is holding up as the traders keep it there to allow the placing to happen, and will keep it there for a respectable period, say a week.
But eventually it must succomb to the general market mood. They won't be immune to Coro. Probably see shipment delays that will already be making a mess of their Christmas period plans.
Take care thinking it's super safe bececause it's the only share not falling.
Putting the £15m to good use already
https://www.hornby.com/uk-en/bassett-lowke-steampunk
This company is owned 75% by Phoenix Asset Management. They also fund the huge loan that keeps this company running (at 5% over Libor of course). Then there is the related party connection with LCD a company now run (allegedly) by Mrs Davis, a company that Hornby paid £1.6m for 49% of. LCD had net assets of under £0.5m at their last accounts.
In other words the very last thing on anyone's mind in this company and it's major shareholder is the PI.
You may wish to buy some of it's expensive toys but I'd far from tempted to buy any of it's shares!
Can’t see any share buys from the CEO since he joined in 2017 lol - imagine spouting all those positive words and diluting shareholders this morning when he hasn’t put his own cash into the business - class act not lol
Had a look here following the RNS this morning - debt up from £1m to £8m at half year, losses running still at £4-£5m a year and just asked shareholders for £15m - classic Zombie company trying to stay alive when it should be dead.
good trading update last week. Now 41p to buy.
It seems like this is turning round like Stanley Gibbons also is.
Seems Hornby are back to discounting again. 3 for 2 on everything for the traders.
Hints of tough trading?
It certainly gave me a 'what the..' moment.
Maybe the stress of trying to make a profit when sterling has declined so much is showing. It will pass, as long as they can keep raising money.
RNS is worth the 6% rise on its own. Such a shame they shifted all production out of the UK, having a conscience, that's why I don't invest in them or purchase their goods anymore. Anyhow enjoyed the RNS.
What sort of an update is this?
I thought it was a joke at first???
I’m not in this share but I buy their airfix products.
I really hope things turn around for the company, the new board certainly seems to be moving in the right direction.
Some of the ‘coming soon’ airfix products certainly look exciting.
Further to my post of 8th March -- watched second episode -- much more encouraging. Just hope the Sheffield and Liverpool competition are not permanently upset and can be satisfied by an improved and speedily produced Hornby product range. Carry on Simon and the team.
what's been happening here?
Good rise.
Watched the first part of the above programme on BBC4 - 6th March and to be frank not really impressed (admired enthusiasm and dedication - but that alone does not a successful business make!).
Hope the next episode (13th March BBC4 2200) is more encouraging. I hold in anticipation.
SP has a trading zone.
a trade. finally !
" unless the Chinese middle class get a sudden desire for British history."
- then they will just buy us - Britain that is.
man is HRN holding up better than SGI.
both a large part of my childhood, so wanting to see them do well.
more scope for HRN i'd say ... unless the Chinese middle class get a sudden desire for British history.
The harry potter set will be the first of many great products
I got in here first thing this morning before the jump.
I noticed that the Hornby Harry Potter train set that was showcased at the london toy fair won the editors choice award. Promising signs of things to come with the licensing agreement signed last year?
https://www.toynews-online.biz/licensing/toy-fair-2019-hogwarts-express-train-set-wins-hornby-hobbies-editors-choice-award
why the slight jump?
straight as a train track.
flat here.
maybe top up time?