Robinson Share Discussion Threads

[arthur_lame_stocks] 01/11/2021 15:28

I'm hoping they can make more than 1.5m PTP going forward.

[boystown] 01/11/2021 15:15

Thanks Arthur. So if they were to make post tax profits of, let's say, £1.5m moving forward and we apply the bog standard PER of 10, plus £12.5m for the property, £19m for current assets and take away all liabilities of £28.6m, the figure comes out at £17.9m / 107pps.

Now I realise this is all very simplistic back of an envelope stuff - but there are a number of shrewdies invested here and I'm sure they aren't thinking about 107p - so what's the value / growth case?

[arthur_lame_stocks] 01/11/2021 14:26

I'm only having a guess but I am investing on the basis that it's in the region of £10-15M

[boystown] 01/11/2021 14:01

Can anyone tell me roughly how much the property disposals could / should bring in? Currently, property, plant and equipment is on the balance sheet at £24,356k.

[castleford tiger] 21/10/2021 11:17

i unfortunately could not make it

[charo] 21/10/2021 10:59

no excitement generated by open day for investors.

[charo] 01/10/2021 12:50

Get ready for profits warning.

[castleford tiger] 28/9/2021 17:30

indeed
this is crazy cheap I keep adding

[arthur_lame_stocks] 28/9/2021 10:44

Well please let us all know how it goes.

[castleford tiger] 28/9/2021 10:36

i have asked

[arthur_lame_stocks] 28/9/2021 10:22

Anyone going to the Capital Markets day?

[charo] 02/9/2021 17:17

Tandem delivered in spades.MK stuck with good and bad.Similarly creighton.
Was in and out over last 10 years,should have stuck,but hey.
Tex ,straight,synnovia and tricorn also but got out with profit.
I invest over wide range always avoiding mining,oil and blue sky .Basic kick tyres approach with low risk appetite.
No judgement meant and wish good fortune to all who have bottle to invest.

[castleford tiger] 02/9/2021 16:29

I happy to accept another view its just with so many good companies out there i am unsure why you waste your time here?

TND up 8.33% today by the way

[charo] 02/9/2021 15:53

I make my own decisions,not always the right ones.But for a good number of years now had to live from my investments.
Any comments are just that .I don't pretend to be an expert and no advice is offered .

[castleford tiger] 02/9/2021 15:24

You should be in TND then with us

[charo] 02/9/2021 13:49

Also and irrelevant.Significant investor in aim stocks in region of £5 million .My holdings are dependent on responsible and effective management..
I ignore the babble of governance and esg nonsense and look for honesty and transparency, whether results are good or bad.
Good managers accept and admit when things go wrong,which is often,but offer solutions and get on with it.

[castleford tiger] 02/9/2021 13:05

charo

i thought i had answered but cannot see my reply.

you say.........

Expect significant loss for year and even with sale of say £4 million of property for cash.After paying deferred consideration,dividend and funding losses debt may slightly increase

Firstly i think you are wrong.
Deferred consideration is to be paid following 21 accounts post audit once we see EBIT from the business in 20 and 21

I also feel you are being too harsh with your numbers.

Resin prices falling and the lag between costs going up and RBN increasing prices has passed.

I do read the accounts as i am an accountant.

Can i ask have you any position here?

Tiger

[charo] 01/9/2021 14:53

Demand down so sales less material cost increases reduced.Meanwhile costs ,reported as higher remain,
Operating profits will be significantly lower, even including contribution from acquisition.
Expect significant loss for year and even with sale of say £4 million of property for cash.After paying deferred consideration,dividend and funding losses debt may slightly increase.
Read the accounts.

[charo] 01/9/2021 14:45

Obviously.As exactly what I said stripped of verbiage.

[castleford tiger] 01/9/2021 10:36

Revenues were 19% higher in the first half of 2021, 3% higher excluding the Schela Plast business acquired in February. After adjusting for price changes and foreign exchange, sales volumes in the underlying(1) business, which have been affected by changes in consumer behaviour and intermittent lockdowns, are in line with 2020, which included additional demand due to the Covid-19 pandemic.

Resin prices have now stabilised and shown the first signs of a reduction in July, however, we are not expecting a significant reduction before the end of the year. We are also experiencing price inflation in other areas including secondary packaging and transport which will continue to impact on the second half of the year.

Across our markets we are seeing a lower-than-normal level of demand in the third quarter due to the ongoing uncertainty across FMCG supply networks and a varying pace of recovery following the pandemic. We are now expecting this to continue for the second half, so we are accelerating our plans to improve our operations for additional cost savings and profitability.

We expect full year operating profit before amortisation of intangible assets to be in the region of GBP2.0m (2020: GBP2.7m).

I read that differently

[ayl30] 01/9/2021 09:52

Just a few more for me today

[charo] 01/9/2021 07:45

Interim statement confirms trading lower in 3rd quarter and high costs in line with previous second half, maintained. Lower sales expected to last throughout period 4.First half operating profit £57k but forecasts £2000000 in second half.
So even if significant second half recovery and including full second half from acquisition well behind last year.Bonuses all round.

[castleford tiger] 31/8/2021 18:11

I got half what I wanted

[castleford tiger] 26/8/2021 12:39

just got back in under 100p
98.925 added what there was 2 lots of 5k

[1tx] 26/8/2021 11:47

I have also added shares to my holding over the last couple of days!The company has generated substantial cash historically and I expect the debt to reduce.Frankly its bankers would not have offered the fairly generous facilities if they thought the company could not pay the loans back....