By Steve Moore | Monday 15 February 2016
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.
Following an “Update on Trading and Transformation Plan” (AKA dire profit warning) announcement last week, Hornby plc (HRN) has now announced that “Richard Ames is stepping down as Chief Executive and is leaving the business with immediate effect. Roger Canham the current Chairman will move to take over as Executive Chairman and will lead the Group for the foreseeable future. –ends”. Hmmm...
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