I think we'll just have to wait and see how it all turns out. Hornby, Corgi and Airfix all have a long history of up's and downs... and yet they're still round. In spite of people in the past predicting they wouldn't be in business for much longer.
I think we'll just have to wait and see how it all turns out. Hornby, Corgi and Airfix all have a long history of up's and downs... and yet they're still round. In spite of people in the past predicting they wouldn't be in business for much longer.
I have to agree. I've seen this before, and much worse. The Hornby group will survive and carry on.
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Corgi just spent a huge amount of money to get licenses for their Master Replicas franchise lines. So it is not as bad as it looks. They will recoup it in the next year easily.
I actually think their Corgi prices are competitive, in the UK at least, when compared to Hobbymaster's latest prices. Halifax vs F14?
Agree, pricing is not the big issue here. Unless of course they have really walked a tightrope with the margins in which case they probably need to be a tad higher.
If they didn't screw their retailers every time they had a sale at Corgi Direct, catered to markets outside the UK a tad more and stop going down silly lines like the pre-war,...then raising the price just a tad would'nt be such an issue,...would it??
In my view, they should have quaterly release. The current Jun/Jul and Dec announcement no change. New toolings etc.
Then the other two (smaller) quarterly releases, flog off a few of the proven popular toolings like the BF109G and Spit/Hurri and similar like toolings just to keep the turnover churning.
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A business management thesis could be written about Corgi and it's subsidence into groupthink, caused by these three big factors:
- remaining transfixed on the UK market
- not tailoring run sizes, causing collectors to wait for the dumps
- balancing the reduction in run sizes, by increasing range of output
I could list only one or two more AU models from HM, but my Corgi wish-list is at least 10 deep. This opinion has been repeated by many collectors, in various forums. You can lead a horse to water...
It is. The UK articles posted over at DAF seem to suggest the train element of Hornby's business is where the real problems lie.
most here know it as the PUB, seems to me this is just a blip though caused by positive changes made internally. I dont believe its anything to fret about, must be nice though....losing that kind of money and it being a shrug. As the old saying goes, you have to crack a few eggs to make an omelet, apparently they are cracking cases of eggs but already seeing good things come from it.
It is. The UK articles posted over at DAF seem to suggest the train element of Hornby's business is where the real problems lie.
I did hear something about that although it was connected to the demise of Modelzone. MZ was a chain of retail stores that sold their trains and I assume after they went it had some impact on their sales outlet.
I did hear something about that although it was connected to the demise of Modelzone. MZ was a chain of retail stores that sold their trains and I assume after they went it had some impact on their sales outlet.
was mostly about internal remodeling, moving of manufacturing and headquarters, and cleaning up distribution problems. All of those cost money and create delays but they expect once its all cleaned up to make up the losses.
most here know it as the PUB, seems to me this is just a blip though caused by positive changes made internally. I dont believe its anything to fret about, must be nice though....losing that kind of money and it being a shrug. As the old saying goes, you have to crack a few eggs to make an omelet, apparently they are cracking cases of eggs but already seeing good things come from it.
DAF and PUB are two different forums. Diecast Aviation Forum, Diecast Hanger Pub and there is another Modelhanger 3, which came about because of problems with the PUB.
We never see the in and outs of the different brands in Corgi. The assumption is Airfix is doing quite well and maybe Corgi. One can hope so, as they will have value if Barkleys says enough is enough and calls the loans and the administrators are set to work.
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didnt know there was a third, assumed he meant the pub which does have an article in the corgi section on the matter.
Actually four. The Model Warbird Collector Forum. Although they are more into plastic I guess.
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DAF and PUB are two different forums. Diecast Aviation Forum, Diecast Hanger Pub and there is another Modelhanger 3, which came about because of problems with the PUB.
We never see the in and outs of the different brands in Corgi. The assumption is Airfix is doing quite well and maybe Corgi. One can hope so, as they will have value if Barkleys says enough is enough and calls the loans and the administrators are set to work.
It's a very strong assumption Airfix are doing well. The number of new toolings they have released in the time given makes them (in the UK at least) the HM of model kits. Like Corgi they also have the perceived image of not venturing out into the rest of the world.
Is the PUB no more then and Modelhanger 3 is its replacement?
It's a very strong assumption Airfix are doing well. The number of new toolings they have released in the time given makes them (in the UK at least) the HM of model kits. Like Corgi they also have the perceived image of not venturing out into the world.
Is the PUB no more then and Modelhanger 3 is its replacement?
Yes it is an assumption. And I agree wholeheartedly with your point about new toolings. The development cost is not something be dismissed. Which I why I always had a question mark over the viability or rational of the Vulcan, Sunderland and Stirling (and I have 2 Stirlings, the second Vulcan and the Sunderland, so clearly I love them). The pre-war stuff was just stupid and those that pointed it out from the beginning were dismissed, particularly by the Corgi faithful.
But, the P40B and the new ME109E tooling have just been announced and sniper has alluded to a new tool being developed that supposed to knock our socks off.
So, who the hell knows??
The PUB went though a really bad stage of viruses etc. It always was difficult for many members to navigate, post pictures etc etc.
J.P. (admin) has been away for over a year and the lads just had a gutful. So 11 SQN LDR (he is a mbr here) organised the hanger3. Its a great forum from a navigation/operation point of view.
But J.P. has just come back and apparently the PUB is all good again. So maybe he going to look after it again,...I really dont know.
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But, the P40B and the new ME109E tooling have just been announced and sniper has alluded to a new tool being developed that supposed to knock our socks off.
So, who the hell knows??
Okay, this swings back to let's wait and see how it turns out for Corgi...
Okay, this swings back to let's wait and see how it turns out for Corgi...
Yes well, it could be a case that AA is doing fine and the rest of Corgi is doing poorly.
Unlike AA, where Oxfords efforts in the Diecast Aviation is relatively modest its a different kettle of fish with vehicles and railway accessories. From what I have observed and have been told Oxford have been very savvy in this regard and as a consequence its hurt Corgi.
Also, Oxford have a substantial ownership stake in the factory, unlike Corgi which gives them that ability to be flexible in the market.
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It's a very strong assumption Airfix are doing well. The number of new toolings they have released in the time given makes them (in the UK at least) the HM of model kits. Like Corgi they also have the perceived image of not venturing out into the rest of the world.
Is the PUB no more then and Modelhangar 3 is its replacement?
There is an active thread over on MHIII regarding Hornby's predicament.
The Admin at The Pub has mentioned it would close down this week, then later stated it wouldn't. I don't think there is any commentary there on the Corgi scenario but then again there is only 3 or 4 active posters keeping it going
I was an Asst Admin at the Pub but set up MHIII out of frustration at the Yuku host which keep locking members out including myself, let alone the multiple viral threats, pop up ads etc - most of which seems to have gone now. But the damage to many members confidence seems to remain.
Apologies for the thread drift!!
Corgi will bounce back - a great time to be buying shares and I'm looking forward to several of their 2016 releases & have placed my pre-order for 'Vicky' as she will be a sure fire sellout
Yes it is an assumption. And I agree wholeheartedly with your point about new toolings. The development cost is not something be dismissed. Which I why I always had a question mark over the viability or rational of the Vulcan, Sunderland and Stirling (and I have 2 Stirlings, the second Vulcan and the Sunderland, so clearly I love them). The pre-war stuff was just stupid and those that pointed it out from the beginning were dismissed, particularly by the Corgi faithful.
But, the P40B and the new ME109E tooling have just been announced and sniper has alluded to a new tool being developed that supposed to knock our socks off.
So, who the hell knows??
The PUB went though a really bad stage of viruses etc. It always was difficult for many members to navigate, post pictures etc etc.
J.P. (admin) has been away for over a year and the lads just had a gutful. So 11 SQN LDR (he is a mbr here) organised the hanger3. Its a great forum from a navigation/operation point of view.
But J.P. has just come back and apparently the PUB is all good again. So maybe he going to look after it again,...I really dont know.
I don't think there is any commentary there on the Corgi scenario but then again there is only 3 or 4 active posters keeping it going w:
there is, which is where I pulled all the info about major restructuring, moving their headquarters and base of operation to Kent, an entirely different location, and cleaning up distribution problems. I posted this already.
there is, which is where I pulled all the info about major restructuring, moving their headquarters and base of operation to Kent, an entirely different location, and cleaning up distribution problems. I posted this already....
I am sorry Steve but cannot find any such thread on the Diecast Hanger Pub. There are threads on Modelhanger3 and Diecast Aviation Forum.
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Is that the website? Modelhanger3? That's where all the gents from the pub went to?
Yes mate. The Mad Major posted a link in his post.
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Yes mate. The Mad Major posted a link in his post.
Thanks PBR. Already created an account and landed my first comments. That was fast.. Kept my old name from the original pub. I'm kinda liking the new pub already
Monday morning, Blighty time at the Stock Market is the time to see whats what.
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there is, which is where I pulled all the info about major restructuring, moving their headquarters and base of operation to Kent, an entirely different location, and cleaning up distribution problems. I posted this already.
perhaps you can post a link then Steve - I've also just looked at all of the active topics and cannot see anything about Hornby / Corgi at The Pub
Thanks Steve, that was an old thread from December hence why it was not showing up on the first page of active topics and whilst related it was not about the latest announcement from Hornby on their profit warning.
Make sure you dip your phone in disinfectant to kill off the dreaded yuku virus lol
Thanks Steve, that was an old thread from December hence why it was not showing up on the first page of active topics and whilst related it was not about the latest announcement from Hornby on their profit warning.
Make sure you dip your phone in disinfectant to kill off the dreaded yuku virus lol
Indeed it is, the uk article is dated december 2015 as well. But with all those changes at once you have to expect losses. Any one of those changes on their own costs money and would take time to iron out, all together it would be a small miracle to not coninue to lose and perhaps even more initially.
would be crappy to lose them though. Even though I didnt buy a whole lot from Witty I miss them being around. Would have liked a eurofighter and everyone liked the super bug which was cheap enough. Also have quite a few flanker variants from them and my eagles.
Hornby (aka Corgi) posts big losses....
Re: Hornby (aka Corgi) posts big losses....
didnt know there was a third, assumed he meant the pub which does have an article in the corgi section on the matter. 
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