Hornby shares tumble over 50%

[Chetcombe]

A very interesting thread, thanks to all for their comments.

but tiny profits which equates to minimal earnings per share of 3.4p

3) Private equity steps in and takes them over - the most likely in my opinion

None of these options are positive for our hobby as a whole. As far as future investment in N Gauge, well I don't think we should expect much at all....

Thank you, fascinating read

3.4p yield per share, if bought at say 20p/share, would be a healthy  17% return, not to be sniffed at when faced with negative interests on bank deposits ! * But I dunno, are they paying out all their tiny profits, I have not studied them, it was just a curious thread thus far !
someone Mike? I thought said their debts were a lot higher than that ?

I also thought 3) was a probable outcome until I saw that late pick-up at 19p
would a load of venture capital be any worse than present, , ummm lets not go there

* some say that will boost the economy by getting money into real things not languishing in banks, [ but then banks did not usually languish it in the past anyway, they used to use the deposits to do real things, till they started messing with dodgy mortgage whatsits,,ho hum ] I wonder if it wouldnt just make me put it under my bed if inflation remains so low ,,,

Hi Malcolm

the 3.4p is actually earnings per share not dividend yield. The dividend rate is currently zero. So not even a high yield stock, I would call it a zero yield penny stock

The debt number I quoted was from their 2015 annual report, so I'm sure @MikeDunn is right in saying it is greater now.

[MikeDunn]

@Chetcombe

Er - can you fix your quotes ?  It's very hard to see what you're saying vs what you're quoting ... 

[Chetcombe]

@Chetcombe

Er - can you fix your quotes ?  It's very hard to see what you're saying vs what you're quoting ... 

Oops - That'll teach me to use the preview button before posting Hopefully clearer now (unlike Hornby's future prospects!)