Robinson Share Discussion Threads

[castleford tiger] 24/7/2019 22:28

Paying almost 7% what’s not to like

[davemac3] 20/7/2019 06:13

Nice director buys

[davemac3] 16/5/2019 08:25

ex divi today for 3p

[castleford tiger] 13/5/2019 15:56

10000 sold today but nothing to buy so someone had them
Tiger

[ansc] 09/5/2019 09:05

AGM TRADING STATEMENT

Robinson plc ("Robinson" or the "Group" stock code: RBN), the custom manufacturer of plastic and paperboard packaging based in Chesterfield, is holding its Annual General Meeting today at 11.30 am. The Chairman, Alan Raleigh, will make the following statement:

"It is pleasing to report sales growth of 15% in the first four months of 2019 compared with the same period last year. Underlying volumes are 12% higher with the balance of the increase attributable to increased prices offset by movements in foreign exchange rates. Margins and operating costs were at a similar level, with a consequent increase in operating profits.

Net borrowings are at a similar level to the end of 2018, after capital expenditure of GBP1m.

We expect lower sales in the second quarter from reversal of the stock builds relating to new product launch pipelines, Brexit contingency planning in the UK and from re-phasing of new projects across the Group.

The outlook for the year remains in line with previously communicated sales growth (i.e. double digit %) and market profit expectations."

[castleford tiger] 29/4/2019 13:54

very hard and 90p to buy now
tiger

[davemac3] 26/4/2019 15:59

nice move here, agree with Casleford Tiger, nice divi too.

[castleford tiger] 17/4/2019 06:59

Dan

Debt was 8.5m of which 4m was spent improving cost cutting last year.
EBITDA is 3.4m v debt at 8.5m

Thats not crazy high at all in my opinion.Headroom remains over 5m

The company has come through a re structuring and is very lowly valued.
I think there is a recovery story here and i expect the shares to be north of 100/120p within a year.

Tiger

you can trade inside it via a broker

[jaf111] 28/3/2019 11:04

Agreed....ridiculous spread!

[davemac3] 28/3/2019 10:46

doesn't take much to shift these, spread too wide to encourage much activity though. Yield currently 7.9%

[dan_the_epic] 23/3/2019 12:38

It's not impressive at all. Negative £1.5m free cash generated in the period to generate that level of profit. Has a history of producing volatile results. Heavily indebted. Questionable macro outlook. If capital spending goes back to 2.5 million again, but they keep paying this level of dividend, they will hardly churn out more than £0.7m per year on my back of the envelope. Versus a mountain of debt now.

[value hound] 23/3/2019 12:06

Bear in mind, too, the whole shebang is valued around the freehold even in a depressed market.

[overmars] 23/3/2019 11:34

Impressive statement from new Chairman.
Outlined a strategy and focus on reducing cost.
Changed leadership
Should do well from here.

[arthur_lame_stocks] 22/3/2019 08:35

I guess the results weren't too bad, but why are they still paying a big dividend when net debt is up yet again? They say they don't expect to sell those surplus properties anytime soon so shouldn't they be a bit more conservative with cash?

[charo] 21/3/2019 10:28

Prelims were due today,,????

[charo] 08/2/2019 08:26

10% Inc in sales,profits in line with views?whatever that means.profits margins therefore likely to show further decline.

[knowing] 21/1/2019 13:28

YEP !


free stock charts from uk.advfn.com

[overmars] 21/1/2019 13:19

Pleased to see no change in the strategy that has served shareholders so well.

[arthur_lame_stocks] 21/1/2019 11:44

Nice that the company hasn't disappointed for a change.

[overmars] 31/12/2018 22:00

Cusick was involved in the disastrous Poland acquisition!

Company needs first class management which they will not find internally.

[sleepy] 31/12/2018 21:32

Wonder why there is no mention of Sara having been Managing Director of Whittards, the upmarket tea people?

[charo] 31/12/2018 13:18

Halton co disclosed does not appear to have traded.

[charo] 31/12/2018 12:15

Apologies 6 directors..