UK 10:52 Monday, 28 September 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
An announcement today from Hornby plc (HRN) is harmlessly enough sounding entitled “Update on Trading and Transformation Plan” and opens with “Hornby Plc, the international hobby products group, is updating shareholders on progress made so far in its turnaround strategy. The group has made significant progress in implementing changes to its business model to modernise”. Good, good. But what’s that? The shares have halved to around 40p. Better read on…
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Comments
alcira16247
Steve
What a bunch of muppets! What on earth have the poor shareholders done to deserve such lamentable talentless management now running their company?
A pathetic statement full of contradictions culminating in a warning that banking covenants are likely to be breached, despite having raised some £15 million back in June. Where the heck that money has gone and so quickly is anyone’s guess! Pity the investors who backed that 95 pence fundraising!
As the board have clearly demonstrated their turnaround strategy has miserably failed and they are clueless in what to do next, its time they did something honourable and ruddy resign!
alcira16247
Steve
After your article and other blistering press criticisms on Hornby’s latest figures and the new managements utter failure and incompetence in trying to implement a successful turnaround strategy, comes todays announcement of directorate change.
In keeping with the somewhat bizarre statements from the company, this one pulls no punches!
‘Richard Ames is stepping down as Chief Executive and is leaving the business with immediate effect’!. Really?. Err…. not leaving on health grounds?……nor……. leaving to pursue other business interests? Nope…… just bloody well sacked and not a word of thanks either! Poor old Ricky!wildrides
Train sets and Scalectric are just to much hard work for today’s youngsters . They just want to sit on the couch with a VR helmet on alternating virtual shagging porn , war games and fantasy games .
Hornby stuff involves getting off the couch , opening a box and assembling bits of track into a layout ( the fun bit ) then playing with it ( the less fun bit ) before dismantling and re assembly into a better layout ( rinse repeat ) All to much like hard work for today,s yoof .
Losing stamp collecting and Stanley Gibbons into history will be a blessing …………. but Hornby and trainsets will be a tragedy . I will have to buy German Bachmann stuff in OO guage . What is an old fart to do ?