Primary Recommendation

Hornby - Hobbying firm poised to make windfall gains from London Olympics

September 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Hornby, a grand old name in the world of model railways, may not seem an obvious growth share investment but the company has three other top hobbyist brands including Airfix and Scalextric and the shares were an unlikely member of the ten-bagger club in the early part of this decade when they went from a low of 32p to a high of 307p between 2000 and 2007. During this time, chief executive Frank Martin acquired new products and expanded Hornby into new markets overseas. As a result, the company embarked on a fantastic run of growth with pretax profit increasing from Â£1.5m to Â£8.4m in the seven years to 2008. Olympics to drive re-ratingWhile the ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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