[WWI] Hornby - not doing that well

[dave fleming]

Quoting Michael Kendix <mkendix at hotmail.com>:

> Dave:
> 
> Thanks for the elaboration and explanation.
> 
> Yes, the article said that profits didn't meet expectations, not that they 
> weren't making profits. Still, I am guessing the market knew of the Airfix 
> acquisition and dollar drop issues prior to the figures being announced, 
> hence the drop in share price. Why is the dollar drop a problem?  Is the US 
> their major market?  

Their biggest markets are European for trains, but they have a significant US 
presence with Scalectrix slot cars. 

Dave