Hornby plc ( (GB:HRN) ) just unveiled an announcement.
Hornby plc has announced the cancellation of its ordinary shares from trading on AIM, effective 10 April 2025, following shareholder approval. The company will re-register as a private entity named Hornby Limited and has arranged for JP Jenkins to facilitate future shareholder transactions through an Exchange Facility and a Matched Bargain Facility. This transition marks a significant shift in Hornby’s operational structure, potentially impacting its market presence and shareholder engagement.
Spark’s Take on GB:HRN Stock
According to Spark, TipRanks’ AI Analyst, GB:HRN is a Underperform.
Hornby plc’s overall stock score is primarily hindered by its weak financial performance, characterized by ongoing losses and cash flow issues. Technical indicators further suggest downward pressure on the stock. While the corporate event of delisting may offer strategic benefits, it does not offset the immediate financial and operational challenges.
To see Spark’s full report on GB:HRN stock, click here.
More about Hornby plc
Hornby plc is an international hobby products group known for its model railways, slot car racing, and other collectible products. The company operates in the hobby and collectibles industry, catering to enthusiasts and collectors worldwide.
YTD Price Performance: -41.30%
Average Trading Volume: 132,305
Technical Sentiment Signal: Strong Buy
Current Market Cap: £22.3M
See more data about HRN stock on TipRanks’ Stock Analysis page.