Another set of results to please the eye and the chart says it all:

Low PE ratio and PEG is enough to make Jim Slater foam at the mouth. Whatever, I've added some to the old SIPP at 685p.

http://moneyam.uk-wire.com/cgi-bin/articles/200306050700029233L.html (how do I get the html link to work?)

Guess who sold on the dip from 575 to 500p to "lock in profits"?

Sorry about the multipal posts on hrn but it did not appear to be loading right,it kept telling me that it was attempting to contact moneyam, and it obviously done so a few times.
Bloody computers.
regards.

Just a wee snippet from todays interim statement.

********************************

Hornby PLC
14 November 2003


HORNBY BOOSTED BY NEW PRODUCTS
AS INTERIM RESULTS SPARKLE


Hornby Plc ('Hornby'), the models and collectables Group, has today
announced its interim results for the six months to 30 September 2003.
Hornby's two main products are Hornby model railways and Scalextric slot car
racing systems.

Pre-tax profits up by 33% to 2.2 million (2002: 1.7 million)

Sales up by 13% to 15.8 million (2002: 14.0 million)

Diluted earnings per share up to 19.5p (2002: 14.4p)

Concessions increased from 52 to over 100 in operation

Successful launch of Hornby 'Live Steam' range

World-wide Licence secured for launch of Scalextric MotoGP motorcycle range

Cash position improved by 1.6 million to 3.1 million

Interim dividend increased to 8.0p (2002: 6.0p)


Frank Martin, Chief Executive of Hornby, said,

' I am delighted that Hornby has succeeded in re-discovering the magic that
has enchanted both children and adults for years. There is now a huge level
of interest among collectors and enthusiasts for our highly detailed
products. This, combined with the appetite of parents for traditional
'hands-on' toys, has continued to fuel the growth in sales across both
Hornby and Scalextric.

' This 'nostalgia' driven interest was demonstrated clearly at the launch of
our 'Live Steam' range of Hornby locomotives. We are confident that our
continued focus on building a healthy pipeline of new products will open up
new markets for us and continue the momentum in sales growth that we have
enjoyed over recent years.

' We have achieved excellent exposure for our products in time for the
important Christmas period. Retailers are recognising the commercial
opportunity represented by the Hornby and Scalextric ranges. We are
delighted that we have strengthened our distribution base in the High
Street. This, combined with the strength of our other retail customers and
the excellent performance delivered by the 100 concessions that we operate,
should ensure a strong pre-Christmas trading period.'

-ends-

Well a year on here since the last post , and friday comes again the 12th november intrim results,should be good.
Moto gp is there latest venture , and if trying to get hold of them is anything to go by its a winner , i have bought all the bikes and at 30 each the first editions will be worth a mint in 20 years.
I am a big fan of the cars old/new , from my very first set mid 70s mk11 escort black paint gold stripes/porche 911 in dark green , it gripped like stink on the banked curves , now its the sport track for the new generation , shame its the dads with the money and not the kids.
The limited edition cars now have a plastic card with them with a number on , a couple of pound extra for the privilege.
Know sign of the peugeot 307 in the shops yet , they did say release date last quarter of the year , so they do have a habit of leaving these things very late , so that would concern me , christmas sales , and last minute rush.
Happy to hold and keep hold..

Great start to the new era,all these products ,all doing well,never in doubt.
something to be said,for being a dad you get to play with the best toys , RESULT..