10-05-2024
Actually Robinson was at one time a much larger company;over a few years prior to its listing on AIM in the early 2000's.Robinson & Sons Ltd as it was known sold off & demerged its various businesses in the healthcare manufacturing sector & returned a large amount of capital to its shareholders,mainly family members.The only business retained in Robinson PLC were the packaging ones together with surplus land and its well funded pension scheme.Post listing the Polish & Danish companies have been added.The transfer of the pension scheme to an insurance company now makes the company more attractive to takeover as a potential liability has been removed.If the surplus properties are sold and business improves in line with trading update it will be an even better prospect.