Robinson Share Discussion Threads

[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

[charo] 30/3/2023 14:44

Add back intangibles deduct property profit £1 million on £50million sales.Dividend 5ak3s all cash from ops.

[value hound] 30/3/2023 07:42

Yes, very encouraging, particularly on property revaluation. I also come out around 150pps FWIW.

[baner] 30/3/2023 07:40

Looking rather good. Almost debt free once remaining properties are sold. Strong cash flow going forward. Should reach £3-4m of ebit in 2 years. Little downside, could well go to 150p in a year.

[arthur_lame_stocks] 29/3/2023 16:14

Results tomorrow.

[charo] 13/2/2023 15:17

Reality will be painfull.

[charo] 09/2/2023 22:09

If power costs fall then customers will seek price reductions.

[value hound] 08/2/2023 07:56

I agree with the above two posts Last time I looked, I came out around a fair value of c.140p, i.e. not to sell, necessarily, but to review again if that price is reached, and to happily enjoy tne divis until thst point.

It's conceivable that Simon T could tip it with his Bargain Shares 2023 tomorrow I suppose.

[castleford tiger] 08/2/2023 07:14

ALS

Cannot disagree with any of that furthermore Energy prices are falling fast.

Electricity quoted 70/90p a kwh is now in the 40`s and falling.

It might settle high 20`s or low 30`s which would be a huge saving going forward.

Like you we wait for better times in the core business but the dividend gives us a return whilst we wait.
I have £1.50 penciled in this year

tiger

[arthur_lame_stocks] 07/2/2023 19:50

I think despite the recent rise in the share price these are worth hanging on to. It looks to me like they're going to revalue their properties and hopefully this will produce a good uplift with the results thus further widening the gap between mkt cap and NTAV. Also this year the pension escrow money should be released and they may make a further sale of some of that surplus property, hopefully at a profit to book with planning.

OK so trading in the core packaging business may be average but I can see a number of things which may help to increase the price this year and if that dividend is safe then we get a reasonable yield as well.

[castleford tiger] 25/1/2023 17:24

MEANWHILE THE PRICE keeps going up.
tiger

[charo] 25/1/2023 17:11

In the meanwhile operations drift.Management with no skin in game peel off profits .

[charo] 25/1/2023 17:11

In the meanwhile operations drift.Management with no skin in game peel off profits .