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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 726 to 743 of 900 messages
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
DateSubjectAuthorDiscuss
22/11/2021
21:54
The loan is not from pension assets. It is from an escrow account held as a conservative measure should further payments be required to be made into the fund. However it is likely that the £3M will not be paid over to the pension fund if the fund is still in surplus in 2023. In that instance it will be returned to the company.
My estimation of the surplus property value is circa £10M. However I am a little concerned that the current property sale has not yet been finalised.
This is a small company with a very conservative balance sheet which has the finance and the potential to grow and become more profitable.
I do have a reservation regarding the number of plants which they now operate. I would have thought that there must be potential to a least consolidate the UK plants into one site and thus achieve benefits of scale.

ardee
16/11/2021
18:16
Missing point.The loan is from pensioner assets and is riskier than bank loan and with subordinated rights.
Trustee responsibility is to pensioners and unless on very favourable terms with full security should have told company to walk.

charo
16/11/2021
16:31
Obviously as pension funds are only valued for the annual accounts we will not see a new valuation until the accounts for the period to 31/12/21 are published probably in March next year.FWIW I would expect an increase in pension assets & probably a reduction in liabilities;the latter caused by the fact that pension liabilities are measured against yields on government bonds & higher interest rate yields lead to lower liabilities.Robinson's pension fund is well funded & having been closed for over 20 years very mature in terms of age profile of members.I expect when the formal review is completed in 2023 it could be sold on to an insurance company with a return of surplus capital to the company as has happened elsewhere.Robinson may have some issues with rising prices of its raw materials which hopefully are short term and/or can be passed on & getting a rather modest return on capital but its pension plan is not a problem (unlike some other companies!).
1tx
16/11/2021
15:21
Jaknife
Exactly.

charo
16/11/2021
12:37
Re pension fund.Robinson's pension fund is in substantial surplus & has been for many years,currently it is around £9m in surplus over most recent valuation of liabilities and it is unlikely that Robinson will have to make further contributions,the fund has been closed since late 1990's.However Robinson has continued to make pension contributions to an escrow fund,on the assumption that the fund is not in surplus.If on the next full valuation of the pension fund which happens in 2023;the pension fund is still in surplus the escrow fund will be returned to the company,if not it will be paid to the pension fund.It is highly unlikely that that the fund will not be in surplus then.The loan is secured on uncharged property and is subject to interest at a commercial rate.
1tx
16/11/2021
11:39
Read the charge document filed at companies House.
charo
16/11/2021
03:17
That'll probably come after the profit warning you were predicting a little while ago.
arthur_lame_stocks
15/11/2021
23:10
My bet is final dividend will not be paid,bank will insist on debt reduction.
Hey I may be completely wrong and second half results rebound and bank completely on board.I believe company has a great base but badly led.

charo
15/11/2021
23:05
Think you will find it is.Read the charge document clearly bank stands before pension company.That is what counts.
charo
15/11/2021
18:12
Same thing assets are pension assets not company.
In event of failure of group bank scoops lot.
A great deal is riding on second half results and sale of property.
The bulk of cash from first tranche allocated to pay deffered consideration.
Debt is uncomfortably High .

charo
15/11/2021
17:59
See note in accounts and registered charge at companies House.
charo
15/11/2021
17:48
Somewhat surprised that £2.7 million loan from pension fund is ranked behind bank loan.
Do pensioners know this and what premium has been negotiated for this Risky loan.

charo
03/11/2021
09:52
Sp down 47% since new ceo.now in last quarter when can we expect update on bullish outlook from chair.
charo
02/11/2021
15:33
From memory the surplus property is in the books at approx £3.5m;the bulk of the fixed assets by value in the accounts relate to property,plant etc in present use in the business.
1tx
01/11/2021
15:28
I'm hoping they can make more than 1.5m PTP going forward.
arthur_lame_stocks
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?

boystown
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
arthur_lame_stocks
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.
boystown
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older

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