goldfinger
- 12 Jan 2010 20:42
Shortie
- 19 Jun 2012 13:21
- 2805 of 3532
Whats your target for Hornby 105?
The company, which traces its roots back to 1901 when Frank Hornby received his first patent for Meccano, said it hoped new ranges would help it mitigate the "weakness in our traditional hobby sectors". The unpopularity of model railways, Scalextric and Airfix models has forced Hornby to issue two profits warnings since January and slash its full-year dividend from 5.1p to 3.7p.
Hornby reported a slight drop in full-year pre-tax profits to £4m on sales up 1.7% to £64.4m. It said it hoped the London 2012 Olympics would provide a "spike in sales".
Frank Martin, Hornby's chief executive, said the company had created special products including a fleet of 40 different London taxis decorated in the livery of Olympic sports.
"We've been selling hundreds of thousands of them, and 2012 London buses, and we've had a huge sales of replica Olympic torches," he said.
The London organising committee of the Olympic Games (Locog) reckons sales of London 2012 branded goods will exceed £1bn, with 30% of targeted sales already in the bank. Lesley Low, Locog's retail and licensing manager, said: "We have been experiencing a steady climb in sales since the start of the year, but we don't expect the big lift until the Games itself."
Hornby has recently acquired the rights to Moshi Monsters, the children's online game. It will sell Moshi Monster collectable pin badges and a model of the Moshi bus.
It has also developed a range of toys based on Olly the Little White Van children's TV series.
"Our ability to broaden our product and distribution base will enable us to mitigate to some extent any short-term weakness in our traditional hobby sectors," Martin said.
But he said there would be pressure on consumer confidence for years to come. UK profits for the year to 31 March dropped by more than £1m to £3.4m.
Martin said Scalextric sales were down on last year because of "so much doom and gloom [surrounding] the economies of Europe and austerity measures biting".
Despite the soaring popularity of modern games consoles, Martin said he believed there would continue to be a place for more traditional toys. "In the past when there's a new Wii or Xbox inevitably sales take a bit of a hit, but there an underlying recognition of the social value of [old-fashioned toys]."
Hornby hopes to bring older toys up to date by issuing Star Wars and Olympic velodrome Scalextric models and a string of James Bond merchandise to celebrate the 50th anniversary of Dr No, the first film in the franchise.
Analysts at Numis upgraded their rating on Hornby to "buy" following the results, and said sales of its Olympics-branded products and diversification meant the outlook was "encouraging".
goldfinger
- 19 Jun 2012 15:52
- 2806 of 3532
Shortie in range above on individual thread. having said that it still looks too cheap given forward P/E.
lot going for it today.
goldfinger
- 19 Jun 2012 16:04
- 2807 of 3532
BULLISH TRENDING CHARTS...... newbies to the list........KWL PAP FSJ all entering or have done 52 week new highs.' Let the trend be your freind'.
goldfinger
- 19 Jun 2012 16:14
- 2808 of 3532
Benefit of doubt given to a couple of bullish trending stocks in this market. Cant be too hasty to cut them.
goldfinger
- 19 Jun 2012 16:31
- 2809 of 3532
Is NEX a BUY although it features on BEARISH TRENDING Stocks is the bad news over?????
skinny
- 19 Jun 2012 16:41
- 2810 of 3532
It's certainly starting to look that way - but I guess there will be a few similar today.
goldfinger
- 19 Jun 2012 16:52
- 2812 of 3532
Look at the volume....nice.
goldfinger
- 20 Jun 2012 16:22
- 2813 of 3532
2 new stocks added to BULLISH TRENDING CHARTS......... IHG and BOK both near a 52 week high.
goldfinger
- 20 Jun 2012 20:50
- 2814 of 3532
Berwanke spoiler again.
goldfinger
- 20 Jun 2012 20:51
- 2815 of 3532
Investment Idea.......
If you had purchased £1,000 of shares in Northern Rock three years ago, you would have £0.00 today
But, if you had purchased £1,000 worth of beer one year ago at Tesco, drank all the beer, then taken the aluminium cans to the scrap metal dealer, you would have received £214.00.
Based on the above, the best current investment plan is to drink heavily & recycle
SEADOG
- 21 Jun 2012 09:11
- 2816 of 3532
GF
I'll drink to that good research SD
goldfinger
- 21 Jun 2012 09:18
- 2817 of 3532
Cheers mines a pint of Stella SD.
SEADOG
- 21 Jun 2012 09:27
- 2818 of 3532
Mine is also a Stella-----but obtained in Calais SD
goldfinger
- 21 Jun 2012 09:34
- 2819 of 3532
He he.
goldfinger
- 21 Jun 2012 09:36
- 2820 of 3532
Right BULLISH TRENDING CHARTS.....out goes MTO up trend broken down.
BEARISH TRENDING CHARTS out goes NEX recovery taking place.
goldfinger
- 21 Jun 2012 09:42
- 2821 of 3532
BEARISH TRENDING CHARTS in comes PI favourite XAR... bit of a shock that.
BULLISH TRENDING CHARTS 4 newbies today...... WTB DOM HLMA AVG
Starting to see a gradual shift from Bearish to Bullish uptrenders. Will it last???
KullyB
- 22 Jun 2012 08:34
- 2823 of 3532
Morning All, shorts on the #FTSE back in play, any close under 5580 still bearish and the lower trendline targets around 5000 (god help us if we get there but then there's always QE3!).
http://imageplay.net/view/tya22271295/FTSE_22_06_12
Have a gr8 weekend :)
KullyB