Hornby shares on the up

Back in 2016 after annual successive losses of £10mn and just over £5mn it looked like the hobby outfit was about to hit the buffers, but, thankfully it didn’t. Some investor confidence and a new CEO realigned the tracks of the finely balanced business and with their multitude of brands, which fared pretty well over COVID with folks rediscovering Airfix, Scalextric to name just a few of their nostalgia brands there’s a real interest in the business – and Fraser Group have just stumped up the cash to prove it. Shares are up over 30% this week as the group looks to “diversify its portfolio” with a now 9% stake in the £35mn valued business, it is an interesting move by Mike Ashleys group who have been on a bit of a UK retail spend of late picking up a 25% stake in Asos and a 22% stake in Boohoo Group and they have a stake in Currys, the electronics retailer currently attracting takeover interest.

About Peter Jenkinson

Toyologist Pete Jenkinson regularly writes about toys in national newspapers like The Sun and The Mail. This super-dad has an unmatched passion and dedication for trying and testing the latest, coolest and most interesting offerings from the world of toys.

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