Robinson Share Discussion Threads

[davidosh] 05/5/2011 23:50

A great write up of the AGM over on TMF...

[battlebus2] 03/5/2011 18:40

Not able to go but would expect the shares to rise on any news update.

[maxcashflow] 03/5/2011 14:53

Robinson's AGM is on Thursday 5th May at the shareholder-friendly time of 11:30am, followed by a buffet lunch. It's at their offices in Chesterfield so may give the opportunity to get a feel for the area that much of their land holdings is in. I know Davidosh is going, and I hope to go too.

Is anyone else planning to attend? If you are heading there from the Cambridge area, please let me know - perhaps we could share transport.

Cheers, Max

[davidosh] 06/4/2011 10:37

Robinson plc (AIM: RBN, the "Company") was informed yesterday that on 4 April 2011 Richard Clothier, Chairman of the Company, acquired 14,976 ordinary shares of 0.5p each in the Company at a price of 73 pence per share. Following this purchase, Richard Clothier is interested in 29,976 ordinary shares, representing 0.2 per cent. of the issued share capital of the Company.

[battlebus2] 25/3/2011 14:09

Decent day so far but long way to go imv.

[battlebus2] 25/3/2011 08:49

Some more buying and the spread is unofficially 6p via my broker.

[battlebus2] 25/3/2011 08:38

Yes i'm only a long term investor and on an average in the mid forties but won't be selling anytime soon as you say 6% divi and more importantly prospects look excellent with land sale to boot. Most brokers can get atleast a penny better each way.

[davidosh] 25/3/2011 08:28

You can cut that spread easily with a good broker over the phone but it will certainly put off anyone with a trader mentality. Fine by me as generally a very long term holder especially when hidden property assets are part of the story. You have to be patient but I can see £1.50 here at some point in next three years and a 6% yield whilst waiting so no problem.

[battlebus2] 25/3/2011 08:20

As usual very few buys with a nine pence spread to put off the punters. Only a ong term share imv.

[battlebus2] 25/3/2011 08:05

Believe the products are no longer made as The American market was to hard to break as they were a small fish in a big sea.

[davidosh] 25/3/2011 07:58

Judgement....good point. I will try to find out. You would think they would cover that point in the text with the results if it were the case. Presumably not profitable to supply from Europe would be my guess.

[judgement] 25/3/2011 07:52

Do they retain the revenue from their closed North American business, or did it manufacture products that cannot be source from elsewhere in the group?

[battlebus2] 25/3/2011 07:39

Cracking results imv with turnover divi and margins all up.

[davidosh] 24/3/2011 20:43

I think the sites were revalued in 2006 on an existing-use basis. The Walton Works property (7.2 acres) was valued at £2.782m.. A planning application for 200 units at Walton was refused in 2007 and the gross development value for that plan must have been in the region of £20m which would put the land value at between £5m and £7m depending on what public works and social housing might be required.

The changes to planning restrictions in the Budget yesterday may help where commercial property has remained empty for some considerable time.

The Wheatridge property (1.5 acres) was held at £626k and sold over a couple of years for a total of £1.941m. So that was a considerable gain over book value. A multiple of three times book value for Walton would be £8m which sounds a bit high but we can be pleasantly surprised.

[arthur_lame_stocks] 24/3/2011 20:05

Thanks battlebus

[battlebus2] 24/3/2011 19:58

Not sure if they still own all these but they had five properties with development potential.

1 Walton Works Chesterfield
2 Mill Lane Chesterfield
3 Wheatridge Road site Chesterfield was sold in 2007 for 1.6 million
4 Sidings Road Kirby in Ashfield
5 Boythorpe site Chesterfield

[arthur_lame_stocks] 24/3/2011 19:31

Anybody got any idea of exactly what surplus property they've got? They've been touting it since they joined the market but don't seem to be taking any action to realise the value.

[battlebus2] 24/3/2011 19:07

Yes should be showing a lot of improvement imv.

[davidosh] 24/3/2011 18:15

Fingers crossed for the results and a good outlook tomorrow morning then ...

Do add comments over there if you know any of the history here or have any input as keeps things interesting rather than driftwood !

[battlebus2] 24/3/2011 17:51

Nice piece Davidosh seems to have grabbed attention today.

[davidosh] 24/3/2011 13:37

I have just posted for anyone interested and certainly welcome to add comment...

[battlebus2] 17/2/2011 18:06

Another tick up today..

[davidosh] 17/2/2011 00:42

These are the kind of hidden small caps that you buy when someone is selling and the price slips back or set a price and tell your broker and let the MM come to you when he has some. Leave an order at say 58.5p and see if anything comes your way. Still a very good yield.

[battlebus2] 16/2/2011 22:28

Spread closed a bit today 55/63.