Sunday share tips: Direct Line, Paragon, Hornby
30th Sep 2012 18:38
RBS is floating Direct Line to comply with rules on state aid - and private investors can buy the shares. But should you? The disposal by RBS has to start this year, with the majority of Direct Line sold by 2013 and the entire business by 2014. The initial plan is to sell 25 per cent, with a further
Read moreHornby squeezed out in Olympic gold rush
25th Sep 2012 15:08
It's difficult not to feel sorry for Hornby - and not just because its product lines are a gift to headline writers who gleefully declare it has 'gone off the rails' or is 'losing steam'. It is one of the companies that will forever remind people of a simpler time; when watching a miniature train e
Read moreLondon midday: End to restructuring in sight at RBS
25th Sep 2012 11:59
The Footsie moved within a narrow band throughout the morning session, in the absence of any market-moving economic data. There is not a lot of macro data in prospect in the afternoon session, either, with only second-tier economic indicators due out this afternoon Stateside. "US consumer confide
Read moreLondon mid-morning: Seeking direction
25th Sep 2012 09:51
London opened little changed, with pundits citing an absence of big economic data to set the tone. RBS aiming to restart divis ... eventually Royal Bank of Scotland (RBS), the publically owned bank, says it is targeting the resumption of dividend payments after 2013. The announcement came in a
Read moreHornby's dreams of Olympic gold come off the rails
25th Sep 2012 07:43
Shares of toy train-set maker Hornby plunged after it warned it will not meet full year expectations and expects to only break even in the current financial year following disappointing sales of Olympics merchandise. The group, which produced a string of Olympic themed toy train sets and a chrome
Read moreHikma boss makes a fair few pennies from share sale
21st Jun 2012 16:24
Said Darwazah, the Chief Executive Officer of Hikma Pharmaceuticals, the FTSE 250 multinational pharmaceutical group, has pocketed over one million pounds through the sale of company shares last week. Darwazah sold 195,447 shares at 649p each on June 15th for a total of £1,268,451, the company reve
Read moreHornby cuts divi
8th Jun 2012 07:23
Hornby, best known for its model train sets and Scalextric racing kits, has cut its dividend after a tough year, and is now also looking for a new Chairman. The company, which said earlier this year after a profit warning that underlying profit before tax for the year to March 31st would not be les
Read moreFriday preview: Bellway, Hornby
7th Jun 2012 17:20
On Friday, house builder Bellway issues an interim management statement which Northland Capital Partners thinks should point to further growth. "A positive trading update from Bellway will keep our estimates well within reach given 94% of the target revenue for the full year is now in hand," the b
Read moreSmall caps round up: Intandem, Digital Learning, Hornby ...
23rd Apr 2012 14:31
Intandem Films, the London and Los Angeles based international film group, will co-produce 10 Things I Hate About Life, and sell the film internationally. The company will also distribute the film in the UK. The script has been written and the film will be directed by Gil Junger, the director of the
Read moreHornby off the rails after profits warning
27th Jan 2012 08:51
A profits warning from Hornby, maker of the eponymous trains sets, has sent the share price off the rails. Shares of the toy and hobby products group fell by almost a quarter in early trading on Friday after the company said pre-Christmas sales in the UK were below 2010 while, so far this year, "t
Read moreFriday preview: Hornby, Rolls-Royce
10th Nov 2011 17:58
Christmas is coming, which is the most important time of the year for model railway set and Scalextric maker Hornby, but before then the company releases its interim results on Friday. The company has already signalled that it is on track for a good year after broadening its supply base, while its
Read moreTuesday tips round-up: Intertek, Ultra Electronics, Xchanging
2nd Aug 2011 06:28
Intertek is the company you hire to determine whether the paint coating your mug is toxic. Or to find out whether Jeremy Clarkson's assertions about the mileage achieved by an electric vehicle are accurate. It is the world's largest provider of testing services. Good products, good management and ac
Read moreHornby on track for gold
1st Aug 2011 08:07
Hornby, famed for its model railways and Scalextric kits, is on track for a good year after broadening its supply base, while its London 2012 Olympics range of collectibles is gaining sales momentum. Chairman Neil Johnson said: "The group is trading well. We have laid the foundations for growth i
Read moreTwo Ovoca directors sell shares totalling £1.84m
11th Jul 2011 17:25
Two companies controlled by board members of Ovoca Gold have cut their stakes in the Russia-focused gold miner in two transactions totalling £1.84m. On 8 July, Salyco Trading Company, a firm controlled by Ovoca's executive chairman Mikhail Mogutov, sold over 2.37m ordinary shares at a price of 40p
Read moreHornby chairman signals commitment
13th Jun 2011 17:24
The chairman of Hornby, Neil Johnson, has followed the company's chief executive in taking more shares in the train set maker, buying 50,000 shares at 139p a time. The transaction, which set him back a total of £69,500, takes his holding to 100,000 shares, or 0.25% of the company. His purchase com
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