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Hornby ORD 1P (HRN)

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23-Sep-2020 01:49 PM

Hornby says sales, margins tracking ahead of budget

Models and collectibles group Hornby said its sales and margins between April and August had been higher than the previous year and above internal budgets. 'It is encouraging to report that our operations are nearly back to normal and we have made g
18-Jun-2020 07:38 AM

Hornby narrows losses on higher revenue amid progress on turnaround strategy

International models and collectibles group Hornby reported narrower annual losses on higher revenue as the company continued to implement its turnaround strategy. For the year ended 31 March 2020, pre-tax losses narrowed to £3.4m from £5.3
28-Nov-2019 09:40 AM

Hornby narrows losses as efforts to rein in discounts boost margins

Hobby products group Hornby reported narrowed first-half losses thanks to higher revenues and margins as the company reined in discounts. For the six months ended 30 September 2019, Statutory pre-tax losses were narrowed to £2.5m from £3.
25-Sep-2019 07:26 AM

Hornby announces sales and margins increase

Hornby, the international models and collectibles group, announced that for the period from the 1st April to the 31st August 2019, sales and margins were higher than the previous year and were in line with internal budgets. The company said that the outc
19-Jun-2018 08:58 AM

Hornby losses widen as revenue slumps

International models and collectibles group Hornby reported Tuesday wider losses in the year through March as revenue growth undershot expectations amid a lack of investment in tooling. For the year ended 31 March 2018, the reported loss before tax wide
03-Apr-2018 08:25 AM

Hornby in talks to secure new financing facility after profit, sales fall

Hornby said group sales and profits were lower than last year as the lack of discounting coupled with late deliveries of product continued to affect its sales rate. The firm said that it is final stages of discussions regarding a new financing facility w
25-Jan-2018 08:26 AM

Hornby warns of larger than expected losses

Model train maker Hornby has warned that underlying after-tax losses are likely to be larger than the expected. It said that as a result of the reduction in discounting and a continuation of late product deliveries in the international segment, the sales
04-Jan-2018 09:53 AM

Hornby confirms board appointments

Hornby has confirmed that Kirstie Gould and John Stansfield have been appointed to the board following completion of customary regulatory due diligence. The appointments were announced on 15 Dec. At 9:53am: (LON:HRN) Hornby PLC share price was -0.8p
15-Dec-2017 09:33 AM

Hornby unveils board changes

International models and collectibles group Hornby has announced a number of changes to its board. The group said that as previous announced interim chairman David Adams planned to step down to take up another appointment and it has now been agreed that
05-Dec-2017 01:18 PM

Hornby shareholders approve placing

Hornby has confirmed that all resolutions, in respect of the proposed £12m Placing and Open Offer, were passed by shareholders at today's General Meeting. David Adams, Interim Chairman said, "Since the interim results in November, we hav
17-Nov-2017 01:10 PM

Hornby losses widen

Hornby has reported a group loss before tax and exceptional items of £4.6m for the six months ended 30 September, compared to a loss of £3.3m for the same period last year. Group revenue fell to £17.0m from £21.9m in 2016. Hornby
17-Nov-2017 01:01 PM

Hornby to raise £12m, acquire stake in LCD Enterprises

Hornby has announced its intention to raise £12m through the issue of up to 40,677,968 new shares at 29.5p apiece. The Company also said it has entered into an agreement to acquire a 49% stake in LCD Enterprises, the holding company for the Oxford
17-Oct-2017 07:22 AM

Hornby profit warning after it ends discounted sales

Hornby has decided that to maximise the value of its brands over the long term it would no longer offer for sale large quantities of stock at a discount - although this would have a material impact on profitability. It said the board's decision foll
05-Oct-2017 02:13 PM

Hornby CEO formally appointed

Hornby has confirmed that Mr Lyndon Charles Davies has been formally appointed to the board as Group CEO with immediate effect. At 2:13pm: (LON:HRN) Hornby PLC share price was +1p at 31.5p Story provided by
03-Oct-2017 01:53 PM

Hornby appoints new CEO

Hornby has announced the appointment of Lyndon Charles Davies as the Company's new Chief Executive Officer. As a result of this appointment, Steve Cooke, the current CEO, will step down from the board with immediate effect. At 1:53pm: (LON:HRN)
11-Sep-2017 02:26 PM

Hornby CEO to step down

Hornby has announced that Steve Cooke is to step down as CEO, at a date to be agreed, following the increase in Phoenix UK Fund's stake in the business. The Company added: "Steve will remain as CEO for a transitional period and an announcement
11-Aug-2017 09:52 AM

Hornby schedules AGM

Hornby will hold its annual general meeting at the offices of Berwin Leighton Paisner LLP, Adelaide House, London Bridge, London EC4R 9HA, on 6 September at 11.00 a.m. At 9:52am: (LON:HRN) Hornby PLC share price was +0.13p at 34.5p Story provided
17-Jul-2017 07:42 AM

Phoenix offer for Hornby closes

Phoenix UK Fund's mandatory cash offer for Hornby has closed. Phoenix said it had received valid acceptances in respect of 13,742,556 Hornby shares - approximately 16.247% of the current issued share capital. The Phoenix concert party now either
04-Jul-2017 07:46 AM

Hornby board urges shareholders to reject Phoenix offer

Hornby's board has sent a circular to shareholders urging them to reject the offer by Phoenix UK Fund Ltd. The directors said they believed that the offer did not reflect an adequate premium for control and significantly undervalued Hornby and its p
26-Jun-2017 07:18 AM

Hornby 'significantly undervalued' by Phoenix offer

Model railway group Hornby's directors believe a mandatory cash offer of 32.375p per share by Phoenix UK Fund significantly undervalues the company and its future prospects. The company said that board noted Phoenix UK Fund's belief that Hornb
22-Jun-2017 01:24 PM

Hornby responds to Phoenix offer

The Board of Hornby has said that it considers the mandatory cash offer of 32.375p per share, made by Phoenix UK Fund, significantly undervalues the Company and its future prospects. The Board said that it also notes Phoenix UK Fund's belief that Ho
21-Jun-2017 01:38 PM

Hornby chairman resigns

Hornby has announced the resignation of Roger Canham as Executive Chairman, with immediate effect. This follows the announcement today by Phoenix UK Fund that it has acquired 17,641,161 Hornby shares and consequently the Phoenix Concert Party owns 55.217
21-Jun-2017 07:15 AM

Hornby underlying losses rise

Hornby's underlying pre-tax losses rose to £6.3m in the year to the end of March - up from £5.7m last time. Revenues fell to £47.4m from £55.8m but reported pre-tax losses narrowed to £9.5m from 13.5m. The group booke
13-Jun-2017 09:59 AM

Hornby schedules FY results

Hornby, the international hobby products group, intends to publish its preliminary results for the year ended 31 March on 21 June. At 9:59am: (LON:HRN) Hornby PLC share price was +1.13p at 30.25p Story provided by
16-May-2017 02:27 PM

GM of Hornby adjourned indefinitely

Hornby has announced that the Requisitioned General Meeting held today was adjourned indefinitely with the approval of shareholders. At 2:27pm: (LON:HRN) Hornby PLC share price was +0.01p at 32.38p Story provided by
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