Robinson Share Discussion Threads

[seekerofvalue] 23/3/2012 13:16

davidosh, that is a great write up. I think you have it covered. Well done on getting involved early.

[davidosh] 23/3/2012 12:25

Posted on TMF if any of you want to add to the discussion...

[maxcashflow] 23/3/2012 09:57

CEV - have a look at disposals. They sold c£1m of working cap, this will be included in 2010 bal sht but not 2011.

[canteatvalue] 23/3/2012 09:32

Cracking set of results but I'm struggling to reconcile the cash flow statement. It says there's £1.2m of cash for an increase in trade and other receivables but on the balance sheet they appear to be flat? Anyone able to help me work this one out?

[davidosh] 23/3/2012 09:10

No debt going forward is very good news....the dividend could be raised significantly over next few years if profits grow at even half the level of the past year. Add to that the cash windfalls as the surplus property is sold and you have a lovely situation for potential returns to shareholders.

[seekerofvalue] 23/3/2012 08:54

Solid results from a very good company.

[battlebus2] 23/3/2012 07:41

Yes an excellent set of results with a decent rise in the dividend. Forward outlook inline, very happy.

[davidosh] 23/3/2012 07:40

Excellent results out this morning...

Highlights:

· Profit before tax* rose 23% to £2.7m (2010: £2.2m)

· Revenue* increased by 10% to £21.5m (2010: £19.5m)

· Spiral wound paperboard tube business sold to Sonoco on1 July 2011 for £3.1m generating a gain on disposal of £1.0m

· Dividends for the year increased by 15%


Group revenue increased by 10% (of which half was the result of price increases to cover higher raw material costs and the remainder was a product of increased sales volumes.)

The higher volumes and stable operating costs improved operating profit by 22% to £2.1m and profit before tax for the continuing business increased to £2.7m (2010 £2.2m), with a £0.1m increase in notional finance income in respect of the pension fund surplus. Exceptional gains of £1.4m from business disposals boosted the profit after tax for the year to £3.3m (2010 £1.2m). Overall borrowings were reduced by £2.8m to £0.6m at the year end.

Net assets up to £23m from £21m and most of that is property that will eventually be sold off with an exceptional gain that should far exceed the carrying value so all looking very good.

[judgement] 23/3/2012 07:28

Well ahead of estimates at 11.6p fully diluted from continuing operations.

[battlebus2] 21/3/2012 20:57

Looking forward to Fridays results especially the outlook statement.

[davidosh] 19/1/2012 09:07

The forecasts for 2011 and the current year are as follows

Date... Rec Pre-tax (£m) EPS (p) DPS (p) Pre-tax (£m) EPS (p) DPS (p)

05-12-11 BUY 2.00.... 9.60.... 3.50.... 2.20..... 10.50... 3.50

[davidosh] 19/1/2012 08:55

Here in full...

Robinson plc

TRADING STATEMENT

Robinson plc ("Robinson" or "the Group"; stock code: RBN), the custom manufacturer of plastic and paperboard packaging, today issues the following trading statement, prior to the announcement of its final results for the year ended 31 December 2011, which are scheduled to be released on 23 March 2012.

Revenues were £21.4m for the year, which represents a 10% improvement on the previous year and was in line with management's expectations. Second half revenues were 12% higher than in the previous year. Approximately half of the increased revenues were attributable to higher plastic resin costs which were successfully passed on to customers. Underlying volumes were 5% higher than in 2010.

The revenues of the spiral winding business of Robinson Paperboard packaging, which has been sold, as announced on 4 July 2011, and the North American paperboard business, which was closed in December 2010, are excluded from the above numbers.

The Polish operation experienced a slowdown in the relocation of food and toiletries businesses to Central Europe as a result of the current economic uncertainties. However, with the help of significant new business recently gained this division is expected to resume growth in 2012.

The Board anticipates the final results for 2011 will show improved profitability from continuing operations together with further exceptional gains from the sale and closure of the paperboard businesses.

Despite market conditions remaining subdued, particularly for the higher end market of branded goods that the Group predominantly supplies, the directors expect that the addition of recently won contracts will support continued growth in 2012.



Cannot complain at that.

[battlebus2] 19/1/2012 07:50

A decent update this morning.

[strollingmolby] 17/1/2012 22:11

Yes, great to see, and trading update in the 3rd week of January - which I make this week...

[battlebus2] 17/1/2012 21:52

Still ticking up with every buy.

[battlebus2] 16/1/2012 20:07

A few buys today perhaps some news soon.

[strollingmolby] 30/12/2011 12:04

22-Dec last year, David! I emailed the firm yesterday but no reply as yet...

[davidosh] 30/12/2011 12:03

I would expect them to follow the general tradition of the last ten years and have one in mid January following the Dec year end.

Interestingly it appears my too late entry to the PP competition last year would have finished in the top five....

[strollingmolby] 29/12/2011 10:07

Are we due a Trading Update ahead of y/e, like last year, does anyone know?

[battlebus2] 01/11/2011 07:45

Don't know Carmensfellas history has he produced better than average returns? Always good to see another of a like mind.

[davidosh] 01/11/2011 06:39

Very little discussion here recently.

Mentioned here as top five holding if any of you want to add comments...

[battlebus2] 27/8/2011 19:25

Yes thats why the top has come of the shares. At 40p that may have been good but still holding as there's a little fuel left in the tank imv.

[charo] 27/8/2011 15:35

pretty average and ceo well overpaid.

[battlebus2] 24/8/2011 07:54

Good results this morning turnover up 6% profit up 3% divi up 17% and pension still in surplus at 117% and debt down several million.