Hornby see 'weakening consumer demand'

mutley · 2005-07-22T08:29:53+00:00

Nicked straight from Hornby's website:CHAIRMAN'S AGM STATEMENT'Speaking at the Annual General Meeting of Hornby Plc, the models andcollectibles Group, the Chairman Neil Johnson, will make the followingstatement.I am pleased to confirm that prospects for the Group remain encouraging.Good progress has been made in transferring production of the Lima rangesfrom Italy to China and we expect to see sales revenues from these rangesstarting in the Autumn. Our marketing initiatives in Spain will have apositive effect on sales and profits this year and, Scalextric USA isalso expected to deliver an improved performance compared to last year.In the UK however, we began to see some weakening of consumer demandduring May. This trend has continued in June and July. However this istraditionally a quiet period for trading and it is therefore difficult toproject future demand based on current experience. Our listings with ourretail customers remain strong for the importan pre-Christmas period;based upon these listings and associated sales projections marketexpectations for the current financial year remain achievable.Further development of our recent international investments will, asplanned, help to offset UK market fluctuations in future years.'The stockmarket has so far reacted with a 6% plunge in Hornby's shareprice. (as of 9.29am 22.7.05)Pete

Jul 22, 2005 47 Replies

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Roger T. 20 years ago

"Enzo Matrix"

But were they missed?

-- Cheers Roger T.

Home of the Great Eastern Railway

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Andrew Robert Breen 20 years ago

Not quite. The last of the big-boiler rebuilds lasted until

1949 - just into BR ownership. I'd be surprised if they ever got BR livery or numbers, though.

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Enzo Matrix 20 years ago

Not really, because they were replaced by Patriots, which were more capable. The early Patriots were *supposed* to be rebuilt Claughtons, but very little of the old engine went into the new ones - just the bogie and the wheel centres. In effect it was a scam to use money from a different budget to build the new engines.

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John Turner 20 years ago

"Andrew Robert Breen" wrote

From memory allocated 46604 but unsure whether it was ever carried.

John.

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David Jackson 20 years ago

The message from "John Turner" contains these words:

46004. It's listed in the 1948 Ian Allan combined. I've spent a short time looking for a photo showing the BR number, but so far without sucess. (Lots of photos of LMS 6004...)

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Tim Illingworth 20 years ago

You won't find it. Essery & Jenkinson Vol 2 page 41 says it was withdrawn in LMS red livery and never received its BR number

Tim

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David Jackson 20 years ago

The message from Tim Illingworth contains these words:

Thanks for that. I'll go and re-pack the bookcases. My copy of Essery and Jenkinson belongs to Widnes Library...

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Colin Reeves 20 years ago

The message from David Jackson contains these words:

And Casserley & Asher say the same, scrapped in 1949.

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