Robinson Share Discussion Threads

[castleford tiger] 04/3/2021 14:41

invest 10k and its worth 9k

crazy spread the MM are having a laugh

[charo] 02/3/2021 09:45

Looks an expensive deal.

[castleford tiger] 01/3/2021 22:36

Some debt must be in Denmark as year end debt was 14.5 m ??
Chart breakout yes

[castleford tiger] 11/2/2021 18:56

The property and some land.
The property is sold subject to contract with the money due in late 21 or early 22

Fingers crossed

[cockerhoop] 11/2/2021 16:17

Hidden assets?

I'm aware of the surplus property (Walton Works) they've been trying to develop for the last 10 years but what else?

[castleford tiger] 11/2/2021 14:28

I have a price slightly higher but this is a growing company now with a good dividend and many hidden assets

tiger

[davidosh] 11/2/2021 10:50

FinnCap have upgraded this morning....

Target now £1.85

Upgrades

Robinson (RBN LN/AIM/£26m) – Acquisition of Schela Plast

The group has acquired Schela Plast, a Danish designer and manufacturer of blow moulded containers. which is highly complementary to RBN’s product set.
This expands the group’s global reach with a highly complementary product set. Market segments are similar including food & beverage, beauty & personal care, homecare and chemicals.
Total consideration (including earn-out) is expected to be £7.7m on a debt-free, cash-free basis, corresponding to 4.8x FY2020E EBITDA.
RBN expects to invest £2.4m in Schela during FY21, implying 6.3x FY2020E EBITDA which is similar to RBN’s valuation and in line with current industry norms.
Adding 10.5 months of Schela lifts FY2021E revenue by 22% and adjusted EBIT by 12.5% given Schela’s slightly lower gross margins.
Year-end net debt (includes the capex on Schela but not the £3m earn-out) climbs to £14.3m, up from the previous forecast of £7.2m.
We continue to value RBN on a sum of the parts basis and lift the target price by 5p to 185p.
Recommendation: Corporate. Target Price: 185p (Up from 180p).

[1tx] 11/2/2021 10:27

Any thoughts on Danish takeover.RBN does n't seem to have difficulty getting funds,so bank must be confident sometime land will be sold.

[castleford tiger] 21/1/2021 18:30

nice to see price up again as I bought yesterday again at 157./

[cockerhoop] 21/1/2021 17:52

Only teasing........but does suggest lower profitability in H2 as guided.

Finncap have REv up 7.5% in 2021 but slightly compressed G margin due to lower raw materials costs being past on to customers.

[cockerhoop] 21/1/2021 16:28

That's a substantial downgrade from the 14.6p you were inferring in November!

[castleford tiger] 21/1/2021 14:23

EPS 8/10p a share for last year looks about right.

A further 3p dividend to come.

Please I bought so many and will buy any dips
tiger

[andy2205] 21/1/2021 07:42

Solid update, "ahead of current market expectations" - Nice!

[castleford tiger] 11/1/2021 14:43

me buying again

[castleford tiger] 06/1/2021 08:19

T/u needed!!

[castleford tiger] 10/12/2020 08:19

Maybe not !!

[castleford tiger] 07/12/2020 18:03

I am expecting a trading update on Thursday this week

tiger

[castleford tiger] 04/12/2020 16:33

that was me buying the dip with several buys the biggest was the 5k at 165p

tiger

[cockerhoop] 16/11/2020 16:39

You're certainly well ahead of company guidance CT.

Finncap have their version of adjusted EPS only rising modestly from 12.3p to 12.7p

We are committed to investing in new production equipment and additional capabilities to grow the business in the second half of 2020, including developing our go-to-market approach and reinforcing our sustainability proposition. As a result, operating costs will be significantly higher than the same period in 2019. Notwithstanding this increase and subject to any disruption to trading that may arise from the ongoing pandemic, we expect full year earnings to be slightly higher than last year and remain committed to ongoing delivery of our target of 6-8% return on sales*.

[arthur_lame_stocks] 15/11/2020 14:59

Personally I reckon these are fairly valued now and sold my shares. I did pretty well out of them, i've been collecting the dividend for years and made a tidy capital gain so no regrets.

I think your estimates may be a bit optimistic Tiger.

[castleford tiger] 14/11/2020 17:00

So as the year draws to a close whats the forecasts for year end EPS

7.3P last year.

Could we double it to 14.6p ?>??

We still have in 2021 news to come re the property windfall which will amount to a good lump we all hope.

My target for the shares is 250p based on EPS of 20p in 2021.

Then once the property deal is concluded there should be a further boost.

Tiger

[castleford tiger] 13/11/2020 12:40

Doubled since July

however I feel its further to run as it looks undervalued.

Tiger

[davemac3] 12/11/2020 16:53

looking good