Robinson Share Discussion Threads

[discodave4] 08/12/2015 19:51

You can say that again!

[tadders2] 08/12/2015 19:45

Must be something going on.

[tadders2] 08/12/2015 19:23

Must be something going on.

[discodave4] 08/12/2015 19:01

How come no sooner have you added a share to your watchlist it starts to fly?.........this and TTR.GLDD

[castleford tiger] 08/12/2015 18:26

no but another 5% today

tiger

[castleford tiger] 07/12/2015 16:55

200p gone

tiger

[tadders2] 20/8/2015 06:58

The market wasn't that impressed.

[anumidium] 19/8/2015 22:50

Decent looking numbers today with Matrox performing better than expected - looks like a bargin deal ATM. Outlook sounds good as well.

[sharesoc] 01/6/2015 12:40

We are holding one of our popular Investor Masterclasses in Manchester so local investors and shareholders in Robinson may be interested in attending as Robinson is based nearby our venue...

[castleford tiger] 27/5/2015 18:45

woozle

You have VCP wrong.#
Firstly he was and does have 50% of the company now.
Its valuation now is not relevant to what it was when he got it.
Shareholders were given 300p ( me included) and the price fell to 140p.
However GW is a clever bloke.
He has freed up cash and by sale and lease back he has bought business that can grow the group.
Paying 5x earnings is great business if you can then get then valued at 10x.
he as bought some fantastic companies and is on a mission to get to a 20 million a year profit and probably to see the shares at 20.00 plus./
Then he will sell his stake to a USA VC and off he goes.
Hopefully I will be off the bus by then.

Tiger

ps abigndon carpets was a further cracking buy

[woozle1] 27/5/2015 09:17

Re VCP, you do know that the CEO has gifted himself 50% of the company .. which makes him the highest paid CEO in the UK as it's worth £70m and it's got an m/c of £140m .. it also makes you a serious minority shareholder .. given he's gifted himself this money and he has a side agreement with chairman, who is desperate to make himself rich, they could well sell this business well below the current price and still make out like bandits .. they've just bought Westex, which manages to achieve 20% operating margins (how they manage this is beyond me and a tad suspicious) and paid just 5 times op profits (which tells you that 20% op profits) is not sustainable .. this begs the question, why would one pay a double digit multiple for a highly indebted business (they did a sale and lease back on the Kidderminster site) and paid out a massive dividend .. which also means that not only have the CEO and Chairman taken out a mass of cash, they now have a free option on the business .. it all stinks .. sorry to rain on your parade.

So, why would you pay a high to mid double digit multiple, when VCP have just paid 5 times for the best company in the business .. moreover, there are few economies of scale as Westex are likely to be using different looms to VCP and to maintain its premium pricing the salesforce and much of the back office will have to be kept seperate .. VCP is more a mid market/commodity brand with a decent franchise among independents and used to be John Lewis's main supplier.

W

[castleford tiger] 27/5/2015 08:48

Yes spreading it around.
want 100k of these as I see 100p upside.

buying what I can in LPA as that's my next 5 bagger I hope.
I am into LAD and enjoying the DIV.........as I am with MLIN paying 7% plus.

I expect ROBINSON to do very well going forward and they have many hidden assets.

re DTG I see at least 100p more upside before I review.
The big winner was VCP we have had 300p a share back and the price has then gone from 140p to 970p in under 10 months.
My target there is 15/20.00 POUNDS !!

Best tiger

[battlebus2] 26/5/2015 20:30

Could we see some news here soon??

[woozle1] 26/5/2015 19:21

CT, recycling DTG profits? I was wondering what attracted you to these as it doesn't seem that cheap. I've been loading up with Ladbrokes. Big DY that's likely to be cut but huge upside if they get the deal right with Playtech and trading on a p/e of under 10 and v liquid! Playtech sprinkled pixie dust when they did similar deals with Coral and William Hill and every reason to think they'll do the same here.
W

[castleford tiger] 16/5/2015 18:40

I am with you!!

I have started building a stake here.
I am looking for a good size holding.

Tiger

[cockerhoop] 16/5/2015 12:45

They acquired an additional Polish company Madrox in late June last year.

[adamb1978] 16/5/2015 11:11

Looked at these a year or so ago but decided not to buy and now given that the share price has fallen back, its triggered an alert which I set up. Have therefore been having another look at them.

Slightly confused by some of the trading figures though:
- We know that last year, Q1 was up 8% on the previous year's Q1 but H1 last year was flat on the previous year
- All else being equal, that means Q2 was roughly 8% down on the prior year so, again roughly, Q1 last year was 16% higher than Q2
- Q1 this year was up 26% on last year. Lets say that Q2 doesnt ahve a blip this year - that means that I would expect H1 to be up 34% on the prior year
- (putting numbers to this, and using arithmetic rather than geometric growth, you could say that Q1 14 was 108, Q2 was 92 so that it averaged at 100....then Q1 this year is 108+26=134, so if Q2 was 134 then you have 34% growth (=134/100)

But that means that H1 would come out a bit above £14.5m given last year turnover in H1 was £10.9m....yet H2 2014 turnover was £17.2m. Is there some seasonanility in the business or am I missing something? The trading statement referred to some loss of contracts offsetting the impact of the acquisition however this is a huge decline vs H2 14.
Thanks

Adam

[charo] 14/5/2015 08:44

so far,but repeat margins are unsustainable,their reported net margin is close to robinson gross margin on trading activities net of pension and propert gains.disguised profit warning.

[battlebus2] 14/5/2015 07:29

Mixed bag although Madrox is proving to be a wise buy.

[cwa1] 14/5/2015 07:26

AGM TRADING STATEMENT

At the Annual General Meeting to be held at 11.30am today, the Chairman of Robinson plc, Richard Clothier, will make the following statement.

"I am pleased to report that revenues in the first quarter of 2015 are up by 26% over the same period last year. The increase is entirely attributable to the acquisition last year of Madrox which is performing ahead of expectations. Revenues at our pre-existing business in Poland are currently reduced following the loss of a contract in 2014; this has been replaced by new contracts which will take effect in the second half of 2015.

In terms of earnings, the Group continues to trade in line with market expectations."