Robinson Share Discussion Threads

[castleford tiger] 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

[charo] 25/8/2021 14:54

Surplus property has proven difficult to sell .The board has over borrowed and overpaid for acquisitions.

[red ninja] 25/8/2021 12:53

CT,
Thanks

[castleford tiger] 25/8/2021 12:45

red
# in excess of 10m if it all came through. less than 3 in the accounts

tiger

[red ninja] 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

[buywell3] 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

[castleford tiger] 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

[zdapa] 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.

[onjohn] 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

[bwm2] 24/8/2021 15:29

Added 10k, seemed rude not to

[castleford tiger] 23/8/2021 17:05

Panic? Where

[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