There are several reasons why I am getting 'tetchy' regarding the non arrival of the P2. First and foremost my Hornby shares have now nose dived to around 60p each and while there may be various reasons for this it really all stems back to the supply chain issues. I would go so far as to call for an enquiry by city regulators into Frank Martin's actions (or rather lack of) during the latter part of his tenure of office as to see if his negligence was so great (to the Shareholders, bankers and Hornby staff) as to deserve censure or disqualification from holding further posts as a Company Director.
Secondly, at the press 'meet the team' function the press were told the model 'might even arrive by the end of July(2014)'. Now if this was to be the case the models would have needed to have been made, packed and, at the very least, on the way to the docks. Therefore someone, once again, a Hornby was telling lies. And frankly lying to the press is never a good idea.
In my business career I have always tried to 'under promise and over deliver' not, as Hornby do, reverse this equation. Constantly doing this harms your company reputation as per the Ice Cream analogy above.
I am not Hornby bashing, I have always defended Hornby however the new management team have had enough time now to 'settle in' and to start reversing these issues without further delay as their share price does not justify the company's levels of gearing and someone in the world of finance is soon going to 'pull the plug' if some pretty immediate improvements do not happen.