Hornby (HRN)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

 22.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 38.50
  • 52 Week Low: 14.50
  • Currency: UK Pounds
  • Shares Issued: 169.85m
  • Volume: 15,084
  • Market Cap: £37.37m
  • RiskGrade: 314

Mike Ashley to act as advisor to Hornby

By Abigail Townsend

Date: Wednesday 20 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Retailer Mike Ashley is to act as an adviser to Hornby, it was confirmed on Wednesday, after the tycoon's Frasers Group boosted its stake in the model specialist.
AIM-listed Hornby said Ashley had entered into a consultancy agreement through his wholly-owned business Mash Holdings.

It continued: "Mike will be available to support [chief executive] Olly Raeburn and the wider business, particularly in relation to systems, operations, logistics and, where relevant, broader matters of strategy.

"This approach is aligned to Frasers' policy of partnering with strategic investments in order to add value for the respective shareholders of Hornby and Frasers."

Hornby added that no remuneration would be due to Mash for the consultancy services.

As at 1015 GMT, shares in Hornby had dipped 1% at 35.28p.

In February, Frasers - which owns Sports Direct, Game and House of Fraser, among others - announced it had acquired 11.1m shares in Hornby, taking its total holding to 15.2m or 8.9%.

At the time, Frasers' chief financial officer Chris Wootton said: "Hornby's portfolio of unique heritage brands are already part of Game's product offer and we look forward to exploring opportunities to further leverage our scale in retail logistics and distribution."

Phoenix Asset Management Partners is Hornby's biggest investor, with a 70% stake. Artemis Investment Management is the second largest, with 16.2%.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hornby Market Data

Currency UK Pounds
Share Price 22.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 38.50
52 Week Low 14.50
Volume 15,084
Shares Issued 169.85m
Market Cap £37.37m
RiskGrade 314

Hornby Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.29% above the market average23.29% above the market average23.29% above the market average23.29% above the market average23.29% above the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Price Trend
16.61% above the market average16.61% above the market average16.61% above the market average16.61% above the market average16.61% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Income Not Available
Growth
5.14% below the market average5.14% below the market average5.14% below the market average5.14% below the market average5.14% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average

Hornby Dividends

No dividends found

Trades for 14-Jun-2024

Time Volume / Share Price
16:13 109 @ 22.80p
14:12 43 @ 23.00p
14:12 17 @ 21.00p
14:12 29 @ 21.00p
14:12 318 @ 21.00p

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