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Hornby PLC (HRN.L)

HRN.L on London Stock Exchange

36.75GBp
29 Sep 2016
Change (% chg)

5.00p (+15.62%)
Prev Close
32.00p
Open
33.75p
Day's High
37.00p
Day's Low
33.75p
Volume
96,499
Avg. Vol
44,357
52-wk High
100.01p
52-wk Low
18.62p

Latest Key Developments (Source: Significant Developments)

Hornby trading in line with internal expectations
Friday, 9 Sep 2016 02:00am EDT 

Hornby : Current trading has been in line with its expectations .Planned business restructuring is on track, board focused on returning company to sustainable profit and cash generation.  Full Article

Hornby reports FY pretax loss, announces turnaround plan
Wednesday, 22 Jun 2016 02:27am EDT 

Hornby Plc : Preliminary results and turnaround plan . £8 million placing to support delivery of group's strategic objectives . Renegotiation of banking facilities for three-and-a-half years . Turnaround plans involve reducing business scale and costs . Turnaround plan involves streamlining european operating model; leveraging central infrastructure . Board now intends to reduce number of individual product lines by approximately 40 per cent . In UK, group intends to exit a majority of its concession arrangements . New business plan expected to give rise to restructuring costs in current fy of about £1.7 million across UK and European operations . Fy pretax loss -13.5 million stg versus -200,000 stg loss year ago .Fy revenue fell 4 percent to 55.8 million stg.  Full Article

Hornby says appoints David Mulligan as interim finance director
Thursday, 26 May 2016 02:01am EDT 

Hornby Plc : Has appointed David Mulligan as interim finance director .David will report to Steve Cooke, who was appointed to role of chief executive in april 2016, having served previously as hornby's group finance director.  Full Article

Hornby plc confirms change of finance director
Wednesday, 1 Jul 2015 09:05am EDT 

Hornby plc:Confirms that Finance Director Nick Stone will step down from Board after the General Meeting on July 13.As previously announced Steve Cooke who joined the Group on June 10 will be appointed to the Board as Finance Director on July 13.  Full Article

Hornby PLC proposed 15 mln placing
Thursday, 18 Jun 2015 02:01am EDT 

Hornby PLC:Has secured new equity funding of 15 mln Pounds (before expenses) by way of placing of 15,789,474 new ordinary shares at price of 95 pence per new ordinary share.And that it will use part of proceeds of placing to repay part of existing bank debt.  Full Article

Hornby confirms Thomas The Tank Engine licence
Friday, 15 May 2015 02:00am EDT 

Hornby PLC:To re-launch its classic range of Thomas the Tank Engine model railway sets.Agrees a new licence with HIT to re-launch the Thomas & Friends(tm) range.Product range already available to pre-order from website.  Full Article

Hornby Plc announces new Mercedes-benz F1 license as team claims world championship win
Monday, 24 Nov 2014 06:23am EST 

Hornby Plc:Says it confirm a new worldwide licensing agreement with Mercedes-Benz Grand Prix Limited which will see the F1 World Championship team replicated across Scalextric, Airfix, and Corgi products.  Full Article

Hornby PLC sees FY 2015 outlook to meet market expectation
Friday, 21 Nov 2014 02:00am EST 

Hornby PLC:Expects to meet market expectation for FY 2015 as a whole in terms of sales and profits.  Full Article

UPDATE 1-Toymaker Hornby announces turnaround plan, reports FY pretax loss

June 22 British toymaker Hornby Plc said it would decrease its product lines by 40 percent and exit a majority of its concession agreements in the UK in a turnaround plan aimed at boosting its gross margins.