Financial Trading Blog
Stock of the day 11/06/2015 – Hornby PLC
The model maker has had a stellar 2015 after a rather middling 2014. Hornby opened 2015 at £0.77, but since the year began has been gradually growing; news in the middle of February of a 7% year-on-year growth in group sales pushed the stock to £0.80, whilst continual positive updates led to £0.95 by the middle of May. Some very special news then helped send the stock across the £1 barrier to £1.08, before falling back to a current trading price of nearly exactly £1.00 (11/06/2015, IT-Finance.com).
(Source: IT-Finance.com 11/06/2015)
In the middle of May Hornby announced it was to re-launch its Thomas the Tank Engine collectible model railway range for the 70th anniversary of the children’s favourite. This sent investors crazy for Hornby, pushing the stock higher by around 16% over a few days, from £0.94 to £1.08, the first time it has crossed the one pound mark since February 2012.
Interestingly Hornby is also seeking to shake up the way it selects its products. Airfix, a company Hornby bought back in 2006, announced at the end of May its own version of Kickstarter, puntastically called ‘Kitstarter’. This service will allow customers to vote for their favourite classic Airfix model, allowing for specific revivals that mean Hornby doesn’t have to second-guess its customer base.
Hornby recently received an ‘add’ rating from Numis Securities and a £1.00 target price for the stock.
It was an interesting day for Vodafone; all those Liberty Global rumours towards the end of May had pushed it the telecoms stock to £2.55, only to take a tumble when the company revealed that it was in discussion for an asset swap, NOT a takeover. Things took a turn for the worse today, as Vodafone fell to £2.37, its weakest price since the initial Liberty reports on May 20th. What makes this fall interesting is that it comes on the day that Vodafone cemented its move into the potentially lucrative ‘quad play’ market, revealing a new broadband service to go along with its mobile, landline and soon to be launched TV services. Investors clearly want Vodafone to focus on Liberty, and not on aping BT and Sky.
It's easy to open an account
- Fill in our simple online application form
- Fund your account
- Start trading the global markets instantly!
SEARCH FOR AN ARTICLE:
Enter a keyword and search for all relevant articlesMARKET ANALYSIS
RECENT POSTS
DISCLAIMER
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.
Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.
No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.
The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.
