|Bid||31.00 x 810000|
|Ask||0.00 x 750000|
|Day's range||37.75 - 37.75|
|52-week range||19.00 - 37.94|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Analysts say Hornby is struggling to compete with toys linked to the latest blockbuster films as well as online games. The struggling toymaker Hornby has been given breathing space by its bank to nail down a new finance deal despite a fresh slump in sales. The loss-making model railway and Scalextric maker said poor sales in the first three months of 2018 meant it had breached the terms of its loan agreement with Barclays, but the bank was not taking any action.
Troubled toy trains maker Hornby has struck a deal on Tuesday with its lender to prop up the finances as it continues to struggle with a dip in sales. The company, which is in the middle of a turnaround plan under new chief executive Lyndon Davies, admitted that its decision to stop discounting goods and delays in delivering its products had continued to hit sales in 2018. Barclays, its current lender, has agreed to support the company and waive its underlying profits covenant for the three months to March 31.
The company, which had decided it would no longer offer large quantities of stock at a discount after a review by new Chief Executive Officer Lyndon Charles Davies, said lack of discounting coupled with late product deliveries continued to hit its sales rate. Core earnings were hurt by reduced sales volumes, it added.
British toymaker Hornby Plc (LSE: HRN.L - news) said on Thurdsday its full-year loss would be larger-than-expected, as lower discounting of products and late deliveries in international markets pulled down sales in the key Christmas season. The company, which had decided it would no longer offer large quantities of stock at a discount after a review by its new Chief Executive Officer Lyndon Charles Davies, was also affected by late product deliveries in its international segment. "The change in strategy has meant that the Christmas trading period was tough and there is likely to be some more volatility as we find out how off-peak trading performs for the first time in years without discounting" Davies said.
(Reuters) - British toymaker Hornby Plc (HRN.L) warned on Tuesday that its full-year profitability would be hit by lower revenue and said it would no longer offer large quantities of stock at a discount ...
(Reuters) - Hornby Plc (HRN.L) appointed Lyndon Charles Davies as its chief executive, the maker of Thomas & Friends model train sets said on Tuesday. Steve Cooke, who stepped down as chief executive last ...
** Hornby down 6.3 pct & poised for worst day since Oct 2016 ** Co says trading for financial year to date behind its expectations partly due to weaker demand in summer months and increased competition ...