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 secures loan increase; Christmas trading ahead of last year

By Michele Maatouk

Date: Monday 06 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Model train set maker Hornby said on Monday that trading over the Christmas period was ahead of last year and that its biggest shareholder, Phoenix UK Fund, has agreed to increase its existing credit facility.
The Scalextric maker said that following the Christmas trading period, sales and margins have continued to be ahead of last year, while new product previews for the coming year to trade and press have been "encouraging" with new nationwide retailers choosing to stock its products.

Following talks with key stakeholders, Phoenix has agreed to lift the amount available under its existing credit facility by £3m to £9m, with unchanged terms. Hornby said the funds will be used "to capitalise on the positive momentum in the business" and increase investment in technology and products for the coming year.

In addition, the group said it was looking into ways to optimise the balance sheet structure for further future investment and growth.

At 1320 GMT, the shares were down 1.1% at 37.60p.

Email this article to a friend

or share it with one of these popular networks:


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

Top of Page