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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 851 to 875 of 900 messages
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
DateSubjectAuthorDiscuss
12/12/2023
09:58
We had a trading statement on year end at this time last year.
charo
25/10/2023
15:59
They are lucky to have cover. We are next to the Aire and we peaked just 6 cm from an all time high.
We cannot get flood cover from the river.

They will struggle getting cover going forward.

tiger

castleford tiger
25/10/2023
12:05
Never mind flooding what about trading.
charo
24/10/2023
17:30
Re;Flooding in Chesterfield.Has the development land around Walton Mill been affected by flooding in addition to the HQ & Paper Box factory?
1tx
17/8/2023
19:22
Charo
This is all about management. While other packaging companies have been able to maintain and increase profits Robinson who are quite specialised have not followed that trend.
As I have said before they need to be much more aggressive on costs, revenue and prices. If not the company will just drift away.

ardee
17/8/2023
10:36
Difficult no major player needs their capacity nor Isuspect their margins.
Not really a reverse opportunity for private company a float would be cheaper.
Very few uk quoted competitors who might bid.
Family group will milk for dividend though a cash offer at a realistic level would ,with likely remaining high interest rates,secure their income.
But could business be turned round.
The fate of Molton Brown and Whittards bodes ill .

charo
17/8/2023
09:22
Ardee - i believe you are spot on. They really need to get some volumes through their well invested plants - if not……230;they will most likely be bid for by an opportunistic bidder. I guess many R relatives are getting tired with this now……..and will accept a rather low offer.
baner
17/8/2023
09:15
Charo - this is not a stock for institutions. The half year does not make good reading. If volumes margins and costs cannot be improved the Board should consider seeking a buyer before the assets are dissipated through more years of poor trading.
ardee
17/8/2023
07:24
Operating loss £500k.Ardee few institutional investors will invest in companies with defined benefit schemes .
The company continues to repeat this 6/8% earni gs target,5/6 years now.
This year on 50million of sales will again lose money.
Property sales funding dividends and reducing debt meanwhile business sadly going nowhere.

charo
16/8/2023
17:55
The pension fund was in substantial surplus and so would not have been a brake on the share price. It does tidy up the balance sheet, passing it on to an insurance company.The company very much needs to improve volumes and margins to produce decent profits.
ardee
16/8/2023
11:54
What will profits be from operations.The cleaning up of pension fund is great news and when sold off removes a big brake on shares.
charo
16/8/2023
10:02
I assume they need to do some clean up on the site and that is what cause the very high expenses.
baner
15/8/2023
05:48
I will ask the question re the 400 k.
There must be a reason ( clearance etc ) the price per acre looked high too.
I will get an answer today from the FD
Tigee

castleford tiger
14/8/2023
17:31
The expenses at £400K ie almost 30% of sale proceeds seem unduly high. I would hope that the management would not fritter away all of the property assets. They do need to have a more focussed sales and pricing policy.
ardee
14/8/2023
14:03
tiger

i totally agree with you. they are doing a good job cleaning this up and reducing debts to a very comfy level.

baner
14/8/2023
09:12
Looking much cleaner now.
Just need the business to pick up and make some cash now. Still think 150p is fair value
Tiger

castleford tiger
14/8/2023
07:46
The escrow funds and properties some of which are to be sold "in the next 12 months" come to 64pps.

Interims on Thurs but surely H1 will be bad as stated on 22 June; "Profits are substantially below the first five months in 2022" but at that time they still expected "to deliver full year adjusted operating profit in line with current expectations" - so weighted to H2 due to better trading and cost saving measures?

value hound
14/8/2023
07:28
So pension escrow now released. Net debt at 31/12/22 was £9.2m. Since then £0.7m realised on 31/5 from property sale. This should take debt down to £5.3m with a further £1.1m to come if planning achieved.

Nothing on current trading, so must assume in line with the £1m operating profit they did in H1 last year. Net debt now highly supportable from trading.

18bt
04/8/2023
21:54
So discarded production director now at multi national competitor.
charo
31/7/2023
11:27
The £3.2m which is in the pension escrow account that is to be returned to RBN was never part of the pension fund;it was monies paid into an account by RBN which would be put into the pension fund if at some future date when the pension fund was wound up & it was found the liabilities exceeded assets.However it seems the actual pension fund is in surplus after transfer of its liabilities.RBN will not benefit from actual pension fund surplus as I understand it is being used to enhance benefits to members above the contracted level.

The £3.2m being returned from the escrow account are a provision made by RBN now no longer required & I don't think it is taxable as it was made from net funds so will not appear in p & l accounts when it becomes available to RBN.

1tx
26/7/2023
09:35
All three,If so what does this say about board !!!
charo
19/7/2023
09:27
but they were no good Charo?
castleford tiger
17/7/2023
16:35
3 out of the named 5 uk senior leadership team now gone.Shambles.
charo
07/7/2023
14:42
These are now xd. The divi should be paid in a fortnight.
arthur_lame_stocks
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
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older

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