Robinson Share Discussion Threads

[castleford tiger] 19/7/2023 09:27

but they were no good Charo?

[charo] 17/7/2023 16:35

3 out of the named 5 uk senior leadership team now gone.Shambles.

[arthur_lame_stocks] 07/7/2023 14:42

These are now xd. The divi should be paid in a fortnight.

[charo] 03/7/2023 09:04

Sale of property after Costs likely profit neutral.
Unlikely the pension surplus will be taken in interims would be risky as could be unwound.
Expect therefore a poor interim operational and poor pbt result.

[charo] 03/7/2023 02:50

More senior management changes,see linked in.

[charo] 24/6/2023 14:51

Sure keep selling assets reduce debt but operations will continue to underperform.Repeating mantra objective to increase margin to outperform won't make it so.Look at interim Ceo previous disastrous leadership roles.

[castleford tiger] 23/6/2023 16:38

charo
post 846

Debt has been cut and will be cut further later this year.......

I dont think the Divi will be cut at all.

tiger

[charo] 23/6/2023 07:44

When will lenders step in and prevent dividends being paid from what ,after all ,is their money.

[1tx] 22/6/2023 17:06

The problem for Robinson is that their customers,typically food,cleaning,toiletry product manufacturers are also under huge pressure from their ultimate customers,usually supermarkets & discount retailers not to increase their prices.We end up getting a time lag before you can pass on prices & margins are squeezed all down the supply chain when we are in a high inflation period.

[ardee] 22/6/2023 16:12

I have to say that I found the statement most disappointing. Not clear as to why the CEO is leaving. Why they do not have a more aggressive pricing policy. And for such a small company why do they operate from so many plants - which must stretch Management control.

[1tx] 22/6/2023 12:00

I can't understand either assuming we are talking about profits excluding exceptionals,ie property profits.

[castleford tiger] 22/6/2023 09:59

its as clear as Mud..........i agree with you
tiger

[arthur_lame_stocks] 22/6/2023 07:20

I'm not sure I understand that AGM statement. Profits for the first 5 months of this year are substantially down on last year yet they still expect to exceed last year? So they're expecting a very, very strong second half? I'm not sure I'd be so confident.

I guess it's not all bad news with the pension fund and property but I don't really understand why the price has been rising, not that I'm complaining.

[castleford tiger] 21/6/2023 13:13

110 AND STILL GOING

on its way to my 150p target.

tiger

[castleford tiger] 19/6/2023 16:22

Shares might have been tipped?

[small cap value investor1] 19/6/2023 16:03

Why the sudden activity?

[castleford tiger] 19/6/2023 14:40

Moving up again in better trading?

[1tx] 31/5/2023 10:12

The surplus property left is I think mainly a large cleared site plus the large disused Walton Mill which is grade 2 listed & in seemingly poor condition.I think finding an economic conversion for this has been the problem over the years I have been a shareholder if the council wants a resolution of the fate of the mill before allowing the development of the cleared land.

However I assume something must be happening otherwise we would not be getting the statement by the company mentioning valuations.

We still need to build many more houses & whilst the froth may have gone off house prices,bullding land will still be required.

[castleford tiger] 31/5/2023 09:28

there is no property crash coming in my opinion.

tiger

half the market cap in surplus property leaves the company worth 7 million!!

Looks too cheap on my opinion especially as the business side improves.

I will keep buying on weakness
tiger

[arthur_lame_stocks] 31/5/2023 07:27

That's a start I suppose. Will they be able to offload the rest of the surplus property before the market crashes I wonder?

[castleford tiger] 06/4/2023 22:51

The 17500 is me moving stock into ISA

[castleford tiger] 30/3/2023 18:34

the business margins will recover.

Doing ok for me
tiger

[charo] 30/3/2023 17:49

Agreed.so sell all property pay of debt add back interest saved you get on today's results pbt of say £600kon sales of £50 million. Operationally this is a disaster but prop up up by property values. Typical 3/4 th gen company.Absent owners,rentiers,overpaid managers,no skin in game.
But go for it.

[castleford tiger] 30/3/2023 14:52

After undertaking a professional independent valuation, the fair value of the surplus properties is now estimated to be GBP8.1m. The current net book value is GBP2.8m

You said..............

Assets are worth what they earn.

How about the good news Charo? They are worth 3x book value

Tiger