Hornby (#HRN) – Q3 to end-Dec continuing operations sales +7% YoY, current FY forecast “remains on track”

Hornby (#HRN) – consultancy agreement with Mike Ashley following Frasers Group (#FRAS) shareholding

Hornby – “behind budget” and is “confidence in consumer spending” likely to remain?

Previously writing on models and collectibles company Hornby (HRN), in April with the shares up to 34.5p I continued to avoid noting it looks to remain that the valuation demands some strong growth in profitability. The shares last closed at 29p and are currently further down to 24p, so what about a latest “trading statement”?

Hornby (#HRN) – Oliver Raeburn to join as CEO, Lyndon Davies to become Non-Executive Chairman

Hornby (#HRN) – trading “in line with the previous year”, order book “very strong and higher than a year ago”

Hornby – argues trading “very encouraging”, but how much so compared to the valuation?...

Previously writing on models and collectibles company Hornby (HRN), in September with the shares towards 40p I was cautious considering the valuation and potential supply disruption. The shares previously closed at 33p, though a trading statement has currently helped them up to 34.5p. So what’s the latest?...

Hornby – sales and margins “in line with internal budgets”, so why are the shares lower?...

Having fallen below 30p as covid emerged, shares in models and collectibles company Hornby last closed at 44.5p. However, a trading statement today currently sees them back towards 40p. What’s the trading story?...

Hornby (#HRN) – further £1.3m related-party acquisition

Hornby (#HRN) – FY swing to profit, “excited by the prospects”

Hornby (#HRN) – “cumulative group sales for the financial year to date are ahead of last year”

Hornby (#HRN) – 1st April-31st August “sales and margins have been higher than the previous year”

Hornby – “shifting gears in our journey back to profitability and beyond”, Really?...

Writing on results from “hobby products” company Hornby (HRN) in June I concluded, with the shares at just over 33p, this is an attempted turnaround I’ll continue to monitor, but at this juncture continue to avoid. Now “Half-year Report” and the shares currently rising… back to just over 33p!...

Hornby – full-year results, “pleased to report”?

Models and collectibles group Hornby (HRN) has announced results for its year ended 31st March 2019, “pleased to report to our shareholders in an exciting but challenging period for our company”…

Hornby (#HRN) – FY loss “in line with the board's expectations”, argues ‘encouraging signs’

Hornby (#HRN) – sales “lower than expected” but reduced operating loss

Hornby – argues “we have managed to make a lot of progress”, BUT…

Previously writing on hobby products company Hornby (HRN) it was results, ‘new strategy’ & fundraising - the latter at the prior closing share price of 29.5p. Though, also noting trading including “softer market demand over the summer months and increased competition in the important UK Independent channel”, I concluded that I’d continue to monitor but avoided the shares. Today a Trading Statement announcement…

Hornby (#HRN) – sales and profits “lower”, “final stages” of financing facility discussions

Hornby – results, ‘new strategy’ & fundraising. But is turnaround really ahoy?

Previously writing on models and collectibles company Hornby (HRN), I noted no longer offering bulk sales at a discount & profit warning, but would it have been profit warning anyway? We now have the results for the six months ended 30th September 2017, a strategy update and a placing and open offer announcement…

Hornby – no longer offering bulk sales at a discount & profit warning, but would it have been profit warning anyway?

On a 3rd October announcement that Lyndon Davies had agreed to join as CEO, Hornby (HRN) non-executive director and Interim Chairman David Adams was “delighted to welcome Lyndon to the board”, adding “Hornby will continue with its turnaround plan”. There’s today a “Trading Statement and Directorate Change” announcement…

Hornby (#HRN) – “material” profit warning, review of strategy continuing