Robinson Share Discussion Threads

[castleford tiger] 29/3/2017 17:41

not sure any trades from winterfloods gets reported. I have them so will add on weakness
tiger

[gswredland] 29/3/2017 16:13

Interesting. Thanks CWA

[cwa1] 29/3/2017 07:10

Morning All

FWIW, the 2500 first thing was mine-a tiny top up. That's all the MMs were prepared to sell and they immediately raised the ask after this minuscule purchase.

[hezza123] 29/3/2017 04:06

The 5K buy at 116.95 is mine. Has one of yours not been reported?

[castleford tiger] 28/3/2017 16:55

MANAGING to build my stake at last. A couple of 5k buys today

tiger

[charo] 24/3/2017 13:02

in contrast coral recognised problem dealt with it swiftly and now appears to be back on growth track.

[dozey3] 24/3/2017 13:00

I went into RBN to add to my IHT exempt holdings and in the hope that property assets were undervalued by the market. The jury is still out unless they've fallen asleep. Can't help feeling that with Brexit looming the Maddox acquisition may save the company, that is if they have half decent management there.

[bookbroker] 24/3/2017 09:44

Clothier is a friggin has-been, he is a dinosaur of the 80's corporate scene, it's time he stood down instead of sitting on the gravy train culture, the Robinson family must be walking blind, do they not care about their legacy, as for these planning applications, they should have been put in years ago, these plants have been idle for a considerable amount of time, I think this company is complacent, I wish I had not bothered to invest here. The only benefit of holding is the large holding by the family that gives the share some stability!

[steve3sandal] 24/3/2017 09:24

The objection by English Heritage in respect of the mill conversion meant the the council had to refer this area to the Secretary of State for Homes & Communities. He recently took an unspecified extension of time to consider the matter, initially to gathering all the information the dep required. This included more information from a English Heritage. It will be difficult to progress any discussions on the land whislt this appeal is outstanding. I am surprised this post balance sheet event wasn't disclosed. On second thoughts, no I am not. The idea that the windfall here is used to invest in the business under this management fill me with dread....of course I could sell. A key weakness here appears to me to be short production runs (contracts) which have required yet more specialist equipment to be purchased, which eats our cash flow and then gets written down. As regards the Pension write down, it seems odd to adjust down in Dec 16 when bond yields had gone up a little. Other variables of course. Of little import, we will never see it. I am tempted to attend the AGM though hold through nominee will probably present a challenge.

[bookbroker] 24/3/2017 08:32

Robinson family need to do something about this company, they sit on their backsides collecting their dividends, I would hope that these property assets are worth in excess of their current book value, and apart from paying down some debt they return the remaining cash to shareholders, off course they will benefit too, but whoever is running this company is showing a lack of imagination and dynamism! OK it is a small company but we have seen a decline in earnings in this country, margins skinny, and likely to remain so. Not sure why I put money to work here but was expecting news on the properties, three months ago nearly and the same literature released, listed building or not, they need to get going!

[rhomboid] 15/3/2017 11:52

Results are due on the 27th march, hopefully there'll be a planning consent by then and shortly thereafter a deal to monetise the site asap , I'll take a view on the ongoing business after that..

[cockerhoop] 15/3/2017 09:50

Maddox margins though are much better than others parts of the business so appears quality operator.

[cockerhoop] 15/3/2017 09:04

Maddox has been performing - hence the earn outs paid, it's the other parts of the business that have been disappointing.

Have you been following the planning application and approval of the brownfield sites?

[bookbroker] 15/3/2017 08:34

This company was on record as saying the Maddox acquisition would make a big difference to the scale of the company, I hope that the cost of the purchase will reflect those words in a positive manner, they were cash rich before the acquisition, have subsequently paid earn-outs and have left them with a net debt of £4.5mln, Clothier had better have made the right decision, that guy had a chequered track record at Dalgety, this co. Has valuable assets, it should have concentrated on maintaining them1

[dozey3] 08/3/2017 08:08

Thanks for info. Common sense sometimes seems in short supply amongst our semi quangos and EH seems to be of that ilk.

[bookbroker] 07/3/2017 20:58

The alternative is to let it rot, RBN. Has come up with a viable proposal, EH. are bureaucrats paid by donations and a handouts from lottery funding and the general public! They are in the main spongers!

[cockerhoop] 07/3/2017 20:48

It should be ok as Chesterfield approved it, including the Conservation Officer but it was opposed by some of the bodies - English Heritage etc. so may be more hoops to jump through yet.

[rhomboid] 07/3/2017 20:22

Thx for that CH , reckon I'll cross my fingers then..

[cockerhoop] 07/3/2017 20:14

Dozey3,

The final decision on planning is resting with the Secretary of State for Communities and Local Government, who has sought an extension to the normal 28 days required to consider the proposal.

[dozey3] 07/3/2017 16:28

Its gone quiet here which is often a good sign on these boards. However results are due to be announced in a couple of weeks and the share price drifted up a bit recently, especially yesterday. I tucked away a small holding a while ago on the basis of assets and wonder if there is further news out there re planning permission or if we'll see a further rise before the results.