Robinson Share Discussion Threads

[shanklin] 20/8/2014 09:31

DiscoDave4

The broker forecasts on REFS have been there for many months and definitely do not reflect the Madrox acquisition.

Indeed, I understand WH Ireland have issued a brief note this morning containing numbers which are not a million miles from those I guestimated earlier. I think a forecast P/E for RBN for the y/s 01-Jan-15 of less than 10 makes RBN fairly cheap.

All IMHO, DYOR.

Cheers, Martin

[ed 123] 20/8/2014 09:19

The second quarter was weak. Some improvement recently but uncertainty remains.

If earnings this year are £3m, 178m shares, gives 17p/share of earnings. At the current price of 198p, that's a p/e ratio of about 11.6.

Need to see audited accounts for Madrox and see how trading is for the core business in the second half.

Atm, 198p about right?

[discodave4] 20/8/2014 08:48

Martin,Would the broker forecasts already include Madrox earnings for year end and next year?.DD

[shanklin] 20/8/2014 08:34

Anybody any idea whether there are any duplicated costs that can be expected to be saved once Madrox is fully consolidated into RBN? Or whether there is likely to be benefits in terms of cross-selling and/or re-locating existing production?

Thoughts welcome.

[shanklin] 20/8/2014 08:26

If one adds £1.1m & £2.2m for Madrox to the existing broker profit forecasts for 2014 and 2015, one gets EPS for 2014 and 2015 of circa 15p and 21p respectively. One probably needs to reduce this slightly in terms of 2014 to reflect the H1 weakness.

On that basis 195p looked cheap to me, so I have bought a few.

Cheers, Martin

[westcountryboy] 20/8/2014 08:13

Yes, a very curious response to the results this morning. It almost makes me wonder if people have yet noticed the line about Madrox: 'The unaudited accounts for the 6 months ended 30 June 2014 show sales of £5.0m and a profit before tax of £1.1m.'

[shanklin] 20/8/2014 07:28

Following today's results and the completion of the acquisition, it would be helpful to see some updated broker forecasts. REFS shows the WH Ireland forecasts as dated 25-Jul-14 but AIUI the numbers have not been updated for many months and IMHO must be way out from (below!!) the likely outcome.

All IMHO DYOR. Cheers, Martin

[sharesoc] 16/4/2014 11:38

There is a joint ShareSoc/Hardman company seminar in Leeds on the 20th May with Ideagen, Avacta and Getech all presenting. It is the first ShareSoc event in the North of England with no charge for the evening. It would be great to see as many investors there as possible showing your support and to encourage more events like this in the North. For more details and registration for the event go to: hxxp://www.eventbrite.co.uk/e/hardman-cosharesoc-investor-forum-tickets-11117004259

Twitter @ShareSocUK

[drsmessguide] 20/3/2014 07:41

Look to be above expectations of 10p eps

[cwa1] 20/3/2014 07:30

Results out:-

[drsmessguide] 21/2/2014 05:42

Davidosh
What is your take on the property assets and recent acquisition?

[drsmessguide] 17/2/2014 15:51

I agree with pauly pilots analysis that the new acquisition is transformational. It looks to be a terrific buy, £2m ptp for £13.2m funded largely by recent property sale, cash and debt. It is difficult to get a handle on property assets that Robinson still own but given that they were going to sell one asset at 6-8m prior to the property crash, it is likely that they have assets itro £10m to fund further acquisitions. Profit within 12 months likely to come in at around £5m if the new company performs well and the existing assets continue to perform well. A great company with sound return on capital employed.

[pas100] 14/2/2014 12:50

Don't you just love 'boring engineering companies' Lovin it

Long term holds as core do work!!!

[mjcrockett] 14/2/2014 12:45

Looks like RBN might stay through the £2 level this time. The acquisition seems to have pleased the market.

[battlebus2] 21/1/2014 09:12

Ripped through the £2 level, well done holders!

[pas100] 17/1/2014 08:12

Nice steady growth and measured statements - Great 'Core' holding

[davidosh] 17/1/2014 07:49

Maybe we are in for a pleasant surprise and the increase was 'their' expectation ! One for the FD to clarify.

Revenues are anticipated to be £23.4m for the year, which represents an 11% increase on last year. Plastic resin costs were on average around 6% higher than the previous year and these were mainly passed on to customers.
Underlying sales volumes were 8% higher. The revenue increase has been achieved by a combination of new business gained within the reporting period together with the full year effect of the previous year's business wins.

The Board anticipates the final results for 2013 will show further improved profitability, in line with expectations.

[shanklin] 17/1/2014 07:17

I like RBN a lot but why are they claiming that profitability will increase in line with forecasts, when PBT is forecast to fall from £2.8m to £2.3m?

[davidosh] 05/11/2013 08:10

Robinson are also mentioned here



You can enter your own top ten using the entry form at the bottom of this page...

[davidosh] 05/11/2013 08:06

So Adam Formela CEO has exercised options for £380k worth of stock but not sold a single share to pay his tax liabilities and purchase costs which is a rarity so one assumes he wants to hold tight for a good reason.

[davidosh] 23/9/2013 13:59

Robinson are mentioned here in my SLINKY report...

[battlebus2] 10/9/2013 12:48

Got to say this has been a fantastic share performance.

[lingy] 10/9/2013 12:34

Moving up nicely.

[battlebus2] 27/8/2013 19:58

£2 closing in.

[lingy] 27/8/2013 19:41

Nice lets hope no one sells shares at this price make the market pay for quality.