The CEO's message that they've turning the corner, can see light at the end of the tunnel, are continuing restructuring and streamlining etc, etc; is the same message that various Hornby CEO's have been trotting out for nearly 10 years.
Nothing new here, as far as I can see.
Thankfully Barclays are not pulling the plug this time (same as last year), but if this new investment doesn't materialise, it could be curtains for the company.
Sadly, I can't see any new investor getting their money back, never mind a return on their investment.
Maybe Phoenix will sell to Chinese or Indian buyers.