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Hornby - London 2012 to deliver £7m additional sales

July 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HRN
  • Price:
  • 81p
Although consumer confidence remains weak, Hornby seems to be doing the best it can and the shares firmed after a better-than-expected update. For the year to 31 March, sales and pretax profit both came in up only 2% to £64.4m and £4.5m respectively. Earnings inched ahead to 9.6p with a rebased dividend of 3.7p. Hornby says its aim is “to be the most successful model, hobby and collectable toy company in the world” and, if anything, the Olympics legacy for which it has developed various low priced collectables (eg pin badges) will hopefully be that its new retailers such as WH Smith and Tesco will continue stocking other products beyond the Olympics. To this end, it is launching new ranges with try-level pr ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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