is the bid coming now.......? Robinson should fetch 160-200p from a strategic buyer and/or a PE-house. |
i would like to say at the operating level they will smash those numbers .
tiger |
Tiger 2024 consensus seems to be EPS of 9.3 on PBT of £2.2 on revenue of £53.6. 2025 consensus: 9.9p, £2.4m £57 |
op profit last year was 2.2m
first half it was 1.6m
margin is up 9 points
revenue is up 11% first half but now 14% for the year. Second half very strong.
what were the forecasts in profit and eps please.
They will smash them.
Worth over 150p
i expect to see dividend move yup a little as well.
Its a buy |
Good luck Charo ! This was an excellent update and confirm that the shares will move north significantly during 2025. With excess property sold the company is debt free with 50p/share +/- of EBIDTA. The divi should be increased to 7-9p, while there is also the obvious chance of a bid from a trade buyer - hardly below 175p. Risk/reward no doubt very sound. “…..disguised profit warning…..R21; come on, Charo……. |
Read carefully.Operating profit before amortisation and Exceptionals.In 2023 no exceptional so actual result will be worse than 2023.Is how I read this disguised profit warning. |
Ex divi today |
Agreed - topped up this am |
150-200p within a year. looking really strong. clearly a take over target unless share price reach this range soon. cash flow pre capex will reach 40p/share or better in 2024/25. property sales will turn Robinson debt free. |
9th May in advanced talks with potential new CEO.3 months later nothing? |
Nothing further on advanced talks to appoint a new CEO. |
Thnks for replies and providing some background info. Have only come across this company for the first time hence know nothing about the history of the company. |
Actually Robinson was at one time a much larger company;over a few years prior to its listing on AIM in the early 2000's.Robinson & Sons Ltd as it was known sold off & demerged its various businesses in the healthcare manufacturing sector & returned a large amount of capital to its shareholders,mainly family members.The only business retained in Robinson PLC were the packaging ones together with surplus land and its well funded pension scheme.Post listing the Polish & Danish companies have been added.The transfer of the pension scheme to an insurance company now makes the company more attractive to takeover as a potential liability has been removed.If the surplus properties are sold and business improves in line with trading update it will be an even better prospect. |
Most likely family members - i would not be surprised if they would consider a good offer for the company in 2025, once the remaining properties have been sold. |
Worth 150 on what we know |
Looking at the major shareholder register and i see there is only one other male on there along with new shareholder PG, all the rest are females..
I assume they are all family/family related ? Can anyone clarify thnks? |
Correction: the EBIT Forecast is before depreciation on Intangibles, so 3.0m should be the number. Still really good and EBIDTA should be 35p or better per shares. When debts are repaid from property sales, the value of the shares at 5 times EBIDTA will be 175p+ based on the 2024 projection. With scope for better results again 2025 onwards. |
Castleford
And value there is ! This is looking increasingly good. When the depreciation of Intangibles is added back, which they should, EBIT should reach 4m in 2024. As remaining properties are sold, the company will be debt free and generate 35-40p of cash flow pre CAPEX. Rather impressive, with a low risk as well. It seems PG spotted a real gem here - well done! |
he clearly sees value here
tiger |
Good to see PG on board...I have been in lots of companies with him over the years |
Yes PG will certainly shake things up and not before time. |
New ball game.PG is serious player. As to tiger what earnings justify your valuations.
Operating profits are minimal. |
New ball game.PG is serious player. |
Selling the family silver to pay annual dividends of £900K is not a good use of capital. I prefer to see dividends paid out of earnings. |
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