Hobson on Hornby, Ryanair and Royal Mail

THE WEEK: Morningstar columnist Rodney Hobson on the UK stock stories of the week - from Tate & Lyle to Aer Lingus. He reveals which equity investments look good

Rodney Hobson 29 May, 2015 | 2:16PM

Models maker Hornby (HRN) is going back to the future with a plan to merge the Sixties and Seventies with the 21st century. It is launching KitStarter, an internet platform that will allow consumers to choose and commit to buying Airfix kits from back catalogues. Once sufficient orders are garnered to justify production, the models will start rolling out.

This is certainly a new twist on the concept of crowd funding. While Airfix, bought by Hornby in 2006, was best known for aircraft models and teaching children how to stick their fingers to pieces of balsa wood, it also made historical figures and garden birds so there’s plenty to choose from.

KitStarter projects will be manufactured in a facility in the United Kingdom, which will mercifully avoid past problems that Hornby had with Chinese suppliers of toy trains.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Hornby PLC33.00 GBX-1.49
International Consolidated Airlines Group SA211.70 GBX2.02
Royal Mail PLC167.10 GBX1.09
Ryanair Holdings PLC10.46 EUR1.50
Tate & Lyle PLC628.00 GBX0.13

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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