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RBN Robinson Plc

110.00
0.00 (0.00%)
12 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Robinson Plc LSE:RBN London Ordinary Share GB00B00K4418 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 110.00 105.00 115.00 110.00 110.00 110.00 900 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Plastics,resins,elastomers 49.67M -820k -0.0489 -22.49 18.43M
Robinson Plc is listed in the Plastics,resins,elastomers sector of the London Stock Exchange with ticker RBN. The last closing price for Robinson was 110p. Over the last year, Robinson shares have traded in a share price range of 85.00p to 122.50p.

Robinson currently has 16,753,445 shares in issue. The market capitalisation of Robinson is £18.43 million. Robinson has a price to earnings ratio (PE ratio) of -22.49.

Robinson Share Discussion Threads

Showing 676 to 697 of 900 messages
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
DateSubjectAuthorDiscuss
26/8/2021
12:07
I'm more sanguine about the debt situation than some. It looks like the property sales are finally gaining traction and I expect the money from these to make at least a very large dent in the debt. I bought back in recently and will take the 5.5% yield whilst I wait for profitability to improve.
arthur_lame_stocks
26/8/2021
11:01
what do family own?
castleford tiger
25/8/2021
17:57
3rd gen always a problem.
Guy think only remaining family still in management.
Now looking after property.
New manament all marketeers and brand conscious.
How do you brand a subcontract packaging supplier.Customers have their brand not interested in Robinson brand .
Nevertheless they have a decent rep good manufacturing capability and should be making around 7/8 % on sales.
So yes negative on strategy but when shareholders demand change or an approach is made then it can prove profitable investment.
If family waits too long may be too late.

charo
25/8/2021
17:48
I did hold in the past and from memory they held net cash and the derelict site with a planning application so I might have had a reasonable idea. I promised not to look again after I left the building but the recent results prompted me. I was put off by the failure at the time of an expensive Polish acquisition and the fact that every time they got a contract they had to buy a new machine. The latter is the way to the poor house. The family will want their dividend whatever. They have their wish but I think they are borrowing to pay it one way or another. Now net debt,another acquisition, more debt, difficult planning. The bank will take all property proceeds and meanwhile I’m not convinced the packaging business has scale or a moat or anything to recommend it. That’s why I left. Good luck to holders but not a business or business model for me.
steve3sandal
25/8/2021
17:17
interesting.
You like the business but not its strategy......could you expand on that.
I am happy to see other views on this
A

castleford tiger
25/8/2021
16:41
I never go short.
charo
25/8/2021
16:40
The market reaction supports my view.I like the business but not its strategy.
Let's see what second half brings.

charo
25/8/2021
15:53
charo

Clearly that is your opinion.
A parcel is in the final stages that will give the 3.5m in cash.
Other parcels are going through DD and its a slow process.

I am 3 years in on a planning application for a MSA.

hxxps://www.yorkpress.co.uk/news/17689925.plans-45-million-service-area-a1-m-submitted-selby-district-council/

Planners have had the application for 2 full years. Still to be heard.

You seem very negative on RBN whats the connection?

Clearly you have a right to an opinion but " the board has over borrowed and overpaid for acquisitions " is just your opinion.

I dont share it.

Are you a holder or short?

tiger

castleford tiger
25/8/2021
14:54
Surplus property has proven difficult to sell .The board has over borrowed and overpaid for acquisitions.
charo
25/8/2021
12:53
CT,
Thanks

red ninja
25/8/2021
12:45
red
# in excess of 10m if it all came through. less than 3 in the accounts

tiger

castleford tiger
25/8/2021
10:51
Any one have any idea what the property portfolio might be worth :-

ie.
"The Group also has a substantial property portfolio with development potential."

I see total net assets is given as 22.472 million, but the property they are selling had a book value of 1 million, but is being sold for 3.4 million

red ninja
25/8/2021
08:01
Still not a good read imo

Inflationary price increases and supply problems seem to be getting too common

Debt is soon going to be a 4 letter word that will not be nice to hear imo




buywell3 24 Jun '21 - 08:26 - 661 of 684 Edit
0 2 0
RNS

Not a good read imo

buywell3
24/8/2021
22:36
ON john
They have 10 m of headroom and will make 2 m this year.
Plus sell land for 3.5 m valued at under 1m
My profit from a recent sale in HSP has started to flow in here

castleford tiger
24/8/2021
20:16
I don't know how you worked out 20p target but I used my way and got the same sort of answer.
zdapa
24/8/2021
19:36
Breach bank covenants

-- Net debt(1) of GBP13.7m (31/12/2020: GBP6.6m), after net capital expenditure of GBP2.0m, consideration for the Schela Plast acquisition of GBP1.4m and net debt acquired of GBP3.5m

Operational highlights

onjohn
24/8/2021
19:34
20p target
onjohn
24/8/2021
15:29
Added 10k, seemed rude not to
bwm2
23/8/2021
17:05
Panic? Where
castleford tiger
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.

charo
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.
1tx
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.
ardee
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older

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