Hornby as produced a very bullish inverse head and shoulders pattern breakout from fridays upbeat trading statement. Looks to be plenty to come here and trading on a undemanding forward P/E of just over 11 to 2011.
Bought a few this morning.
Broker Numis as a buy on it aswell...
Hornby PLC
FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Numis Securities Ltd
23-04-10 BUY 5.70 10.30 6.80 12.30
2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 5.70 10.30 6.80 12.30
1 Month Change 0.70 1.20 0.00 0.00
3 Month Change 0.70 1.20 0.00 0.00
GROWTH
2009 (A) 2010 (E) 2011 (E)
Norm. EPS -22.94% -14.33% 19.42%
DPS 2.41% % %
INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)
EBITDA 11.98m m m
EBIT 7.30m m m
Dividend Yield 6.20% % %
Dividend Cover 1.41x x x
PER 11.40x 13.30x 11.14x
PEG -0.50f -0.93f 0.57f
Net Asset Value PS 32.22p p p