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: 0
  • Market Cap: £38.64m
  • RiskGrade: 177

Hornby issues another profit warning, announces chairman departure

By Michele Maatouk

Date: Tuesday 17 Oct 2017

LONDON (ShareCast) - (ShareCast News) - Model train set maker Hornby issued another profit warning as it announced the departure of its chairman.
The company also said that following an initial review of the business by new chief executive Lyndon Davies, it has decided to stop offering for sale large quantities of stock at a discount in order to maximise the value of its brands over the long term.

Hornby said last month that its performance in the year to date had been below expectations.

"This, coupled with the new approach to discounting stock, means it is now clear that the shortfall is unlikely to be recouped in the current year," the group said on Tuesday.

"It is expected that revenue will be lower and, consequently, there will be a material impact on profitability in the current financial year."

In addition, Hornby said interim chairman David Adams plans to step down from the board to take up another appointment. The search for an independent non-executive chairman is progressing and a further announcement will be made in due course.

At 0950 BST, the shares were down 0.2% to 32.95p.

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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 0
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 --2020

Time Volume / Share Price
0 @ 0.000p

Hornby Key Personnel

CEO Lyndon Charles Davies

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