Rapido dangles Class 13 RTR carrot...

[4630]

11 minutes ago, dibber25 said:

International money speculation is not a skill that many model railway manufacturers possess, I suspect. As to the costs in US$ - all of it apart from the British mark-up and VAT. (CJL)

 

Whilst that might be the case at face value, I'd like to believe that many model railway manufacturers do engage bankers as part of their normal business activity who undoubtedly will have the required skill.

 

Hedging foreign currency risk, which you characterise as 'international money speculation', is pretty standard business operating procedure for many companies that transact across international/currency borders.

 

Been there; done that; worn the T shirt for over 25 years earlier in my working career.

 

 

Edited February 17, 2021 by 4630

[wasabi]

Note 1(a) to Hornby's 2020 Annual Report indicates that they hedge 70% to 100% of forward USD purchases so what might be characterised as 'international money speculation' is actually a significant part of their business.  

[wasabi]

My last posting was actually a draft which was posted automatically when the site shut down for maintenance.  I should have said 'important' rather than 'significant' - at least it would be important to a shareholder.

 

Going back to Rapido, I would think about a Class 13 but more for the novelty value given that I have about twice as much stock already than I need to run my layout.  I've certainly seen a picture of one on a railtour but can't recall any details at the moment.

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So in conclusion, I saw the class 13 thread, opened it, saw £300 and clicked on the kit link on the last page and spent £20 on bits.

So i guess i’m out, but the dangled carrot definitely acted as bait to finally do one.

Edited February 18, 2021 by adb968008