Robinson Share Discussion Threads

[davidosh] 19/4/2024 16:47

Good to see PG on board...I have been in lots of companies with him over the years

[ardee] 19/4/2024 16:33

Yes PG will certainly shake things up and not before time.

[charo] 19/4/2024 15:39

New ball game.PG is serious player. As to tiger what earnings justify your valuations.
Operating profits are minimal.

[charo] 19/4/2024 15:37

New ball game.PG is serious player.

[ardee] 26/3/2024 13:53

Selling the family silver to pay annual dividends of £900K is not a good use of capital. I prefer to see dividends paid out of earnings.

[baner] 22/3/2024 14:42

ardee - are you suggesting that they cannot afford to pay a dividend currently ? the remaining excess properties will be sold for more than the current net debt, so pro forma that they will be in a net cash position. EBIDTA should be £7m/year and growing - so what is the problem with paying a divi?

[ardee] 22/3/2024 13:23

This company should not be paying a dividend when it cannot really afford to do so.
It will only be when they stop that family members will want to sell.

[baner] 22/3/2024 07:59

This is an obvious take over target. Family members likely to accept a bid at appraised NAV which including additional property surplus values is 150-170p. Very low risk, with pro forma net cash as real Estate is sold, and an EBIDTA approaching 40p per share 2024/25.

[charo] 22/3/2024 07:54

So long as family receives dividends will remain pedestrian performers.

[charo] 22/3/2024 07:54

So long as family receives dividends will remain pedestrian performers.

[castleford tiger] 22/1/2024 08:37

I am sure the idea is to become slimmer and slicker so that the company can make profits every year.

Selling off assets ,such as old sites is pretty normal and removing debt from the business a game changer.
Its been a difficult few years but if we get a good CEO this company could go places.

tiger

[ardee] 19/1/2024 17:04

I wish I could agree. The company is slowly selling off the “family silver “ that will be used to pay down debt and for capital equipment and dividends. The company needs to up its revenue and margins so that it can generate enough cash to support the business.

[baner] 18/1/2024 14:49

tiger - total agreement - there will be a really strong cash flow in Robinson going forward. together with property sales this will turn the company into an increasing net cash position - room for a good increase also in the dividend. NAV probably 150p+ once real estate is sold - EPS should reach 20p+ in 2024/25.

[castleford tiger] 18/1/2024 11:23

i think thats all looking pretty good.

I can see the shares moving up a fair bit this year

tiger

[charo] 12/12/2023 09:58

We had a trading statement on year end at this time last year.

[castleford tiger] 25/10/2023 15:59

They are lucky to have cover. We are next to the Aire and we peaked just 6 cm from an all time high.
We cannot get flood cover from the river.

They will struggle getting cover going forward.

tiger

[charo] 25/10/2023 12:05

Never mind flooding what about trading.

[1tx] 24/10/2023 17:30

Re;Flooding in Chesterfield.Has the development land around Walton Mill been affected by flooding in addition to the HQ & Paper Box factory?

[ardee] 17/8/2023 19:22

Charo
This is all about management. While other packaging companies have been able to maintain and increase profits Robinson who are quite specialised have not followed that trend.
As I have said before they need to be much more aggressive on costs, revenue and prices. If not the company will just drift away.

[charo] 17/8/2023 10:36

Difficult no major player needs their capacity nor Isuspect their margins.
Not really a reverse opportunity for private company a float would be cheaper.
Very few uk quoted competitors who might bid.
Family group will milk for dividend though a cash offer at a realistic level would ,with likely remaining high interest rates,secure their income.
But could business be turned round.
The fate of Molton Brown and Whittards bodes ill .

[baner] 17/8/2023 09:22

Ardee - i believe you are spot on. They really need to get some volumes through their well invested plants - if not……230;they will most likely be bid for by an opportunistic bidder. I guess many R relatives are getting tired with this now……..and will accept a rather low offer.

[ardee] 17/8/2023 09:15

Charo - this is not a stock for institutions. The half year does not make good reading. If volumes margins and costs cannot be improved the Board should consider seeking a buyer before the assets are dissipated through more years of poor trading.

[charo] 17/8/2023 07:24

Operating loss £500k.Ardee few institutional investors will invest in companies with defined benefit schemes .
The company continues to repeat this 6/8% earni gs target,5/6 years now.
This year on 50million of sales will again lose money.
Property sales funding dividends and reducing debt meanwhile business sadly going nowhere.