Robinson Share Discussion Threads

[charo] 19/8/2021 08:31

Panicked board and should have bitten bullet and passed div,even if only cost £350k.
See my earlier posts.All was obvious.

[1tx] 06/7/2021 14:34

I think based on the outline plan we saw a few years ago the majority of the cleared industrial site is intended for house building.I think the properties will be priced at the lower end of the market.The listed disused mill conversion which from memory included retail at ground floor may have to be rethought.If the £3.4m sale goes ahead it will be a start.

[ardee] 05/7/2021 14:48

Re property. Robinson have 31 acres of Surplus industrial land. Contracts out for the sale of a portion of one site for £3.4M. Another site has industrial buildings let for £400K pa. There is a solid demand for warehousing land in the Midlands and I would expect to see borrowing being reduced from sales and cash flow. It would not be difficult to project a value well in excess of the current directors estimated value.

[grahamnash] 30/6/2021 15:08

That should read recyclable not recallable.

[grahamnash] 30/6/2021 15:06

Plugugly: Share your concerns about recycling and plastic packaging - DS Smith have sold off their main plastics division. Just checked Robinson's website and they are aiming for 100% of products to be recallable by 2022. Seems ambitious but its definitely the right way to go. My eggs now come in a recyclable plastic box, not cardboard. I'm long on RBN.

[castleford tiger] 25/6/2021 09:49

The latest purchase by RBN is on an earn out basis. Only cost 1.4 in cash at the start

tiger

[pugugly] 24/6/2021 11:09

1tx - OK potentially cheap on the surface but debt will have to be serviced, (net debt has increased to GBP13.1m at 31 May 2021) earnout a moveable feast which could go either way - surplus property valuation very much (imo) finger in the air and probably dependent on success or failure of Northern Power House projects - OK a 3p dividend if on register by 16th July but- if the de-plasticisation of the world goes to plan an industry slated for decline -
Cannot see much hope of growth - only increased costs as a result of trend to ESG.

[1tx] 24/6/2021 10:10

Supply chain problems are getting increasingly common as a result of lockdowns & other problems;another of my holdings James Latham,the timber merchants,reported them in their results today.We are seeing them in motor industry & construction.Should "sort out" over the next year which in terms of this company is neither here nor there!Shares very cheap again if you have spare cash.....

[charo] 24/6/2021 09:36

The dividend will be next to fall or indeed pass.
Lenders will insist.

[charo] 24/6/2021 09:35

The Danish buy will prove very costly. The various headwinds were obvious in February and caution should have prevailed.
The group is now seriously burdened with debt and will need to take strong action to reduce costs

[castleford tiger] 24/6/2021 09:31

Short term headwinds buying heavily at the 114 mark.
6% yeild

tiger

[solarno lopez] 24/6/2021 08:42

And cost increases and supply delays

[charo] 24/6/2021 08:40

See my previous post. Facing some turbulent times with inadequate board.

[glavey] 24/6/2021 08:30

Lovely spread, as the bishop said to the actress...

[buywell3] 24/6/2021 08:26

RNS

Not a good read imo

[charo] 21/6/2021 10:53

Ft marked down 9.67% @ 135.50

[castleford tiger] 01/4/2021 18:34

looking too cheap now

[1tx] 29/3/2021 11:30

I think you are being a little harsh charo.The company is highly cash generative funding £4.5m of new plant,about £750k dividends out of cashflow and slightly reducing net debt last year seems very good to me.Esp as the company is valued at around net book tangible assets.

[charo] 27/3/2021 21:36

Overpriced acquisitions, Misdirected strategic focus,Poor executive control think heading into really turbulent times.Robinsons needed a change but not this one.
But will be 2/ 3 years before damage is noticeable and then too late.

[charo] 25/3/2021 18:07

Not great.

[bwm2] 06/3/2021 21:06

I wonder if Guy Robinson will keep all his holding?

[castleford tiger] 05/3/2021 17:53

no idea other than a seller been around this week. I picked up 20k more

[yellowdog] 05/3/2021 17:04

Why has this falling