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I received a mailshot offering free entries into the National Lottery – is it a scam? Fed up with being hit by energy price shocks? Hornby’s future looked even bleaker yesterday as its stock continued to plummet to finally lose nearly three-quarters of its value in just 48 hours. The toy train maker saw shares fall 27.
Hornby issued its fourth profit warning in three years on Wednesday, and had the worst day in its trading history with stock dropping 60 per cent. 6million and warned it might not be able to pay its debts. The decline of the Kent-based firm, which was launched in 1907 and has been selling model trains since 1920, prompted a rallying cry from former Top Gear presenter James May to save it. Shares finished at 23p, down another 8. The comments below have not been moderated.