Hornby (HRN)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

 31.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 39.35
  • 52 Week Low: 25.58
  • Currency: UK Pounds
  • Shares Issued: 124.63m
  • Volume: 591
  • Market Cap: £38.64m
  • RiskGrade: 177

Hornby urges shareholders to reject latest Phoenix offer

By Josh White

Date: Monday 26 Jun 2017

LONDON (ShareCast) - (ShareCast News) - Hornby issued an updated to the market on Monday, noting the announcement by Phoenix UK Fund on Friday that it had despatched an offer document to Hornby shareholders in relation to a mandatory unconditional cash offer by Phoenix for the Hornby shares not already held by members of the Phoenix Concert Party.
The board of the AIM-traded company said it considered that the mandatory cash offer of 32.375 pence per Hornby share "significantly undervalues" Hornby and its future prospects.

It also noted Phoenix UK Fund's belief that Hornby should maintain its AIM listing, and its stated support for maintaining a board of directors that complied with the QCA Corporate Governance Code.

"The board will be writing to shareholders with its formal response to the offer in due course.

"Shareholders are strongly advised to take no action for the time being," the board said.

Further announcements would be made "as and when appropriate", Hornby promised.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hornby Market Data

Currency UK Pounds
Share Price 31.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 39.35
52 Week Low 25.58
Volume 591
Shares Issued 124.63m
Market Cap £38.64m
RiskGrade 177

Hornby Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.57% above the market average3.57% above the market average3.57% above the market average3.57% above the market average3.57% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average
Price Trend
58.69% above the market average58.69% above the market average58.69% above the market average58.69% above the market average58.69% above the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average
Income Not Available
Growth
54.79% below the market average54.79% below the market average54.79% below the market average54.79% below the market average54.79% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

Hornby Dividends

No dividends found

Trades for 26-May-2020

Time Volume / Share Price
09:48 591 @ 32.13p

Hornby Key Personnel

CEO Lyndon Charles Davies

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