Robinson Share Discussion Threads

[dozey3] 08/3/2017 08:08

Thanks for info. Common sense sometimes seems in short supply amongst our semi quangos and EH seems to be of that ilk.

[bookbroker] 07/3/2017 20:58

The alternative is to let it rot, RBN. Has come up with a viable proposal, EH. are bureaucrats paid by donations and a handouts from lottery funding and the general public! They are in the main spongers!

[cockerhoop] 07/3/2017 20:48

It should be ok as Chesterfield approved it, including the Conservation Officer but it was opposed by some of the bodies - English Heritage etc. so may be more hoops to jump through yet.

[rhomboid] 07/3/2017 20:22

Thx for that CH , reckon I'll cross my fingers then..

[cockerhoop] 07/3/2017 20:14

Dozey3,

The final decision on planning is resting with the Secretary of State for Communities and Local Government, who has sought an extension to the normal 28 days required to consider the proposal.

[dozey3] 07/3/2017 16:28

Its gone quiet here which is often a good sign on these boards. However results are due to be announced in a couple of weeks and the share price drifted up a bit recently, especially yesterday. I tucked away a small holding a while ago on the basis of assets and wonder if there is further news out there re planning permission or if we'll see a further rise before the results.

[cockerhoop] 29/1/2017 21:34

The inter-floor fireproofing is already in the building so he can observe it with ease!

[bookbroker] 29/1/2017 17:00

The conservation officer, he's probably a .... aged about twenty five, what would he possibly know about inter-floor fire-proofing from the Victorian era, let's face it modern day health and safety regulations are considerably different from that period, I'd be fascinated in how they would apply, do not sound very practical!

[cockerhoop] 29/1/2017 13:52

I can confirm the main mill building is Grade 2 listed and in a very poor state of repair. One of the main features that the conservation officer is looking to preserve is a novel method of Victorian inter floor fireproofing - he did tell me the name but I've forgotten. The officer was supportive of the application because the site has been derelict for a number of years and this is an opportunity to regenerate before the building condition became irretrievable.

[bookbroker] 29/1/2017 08:28

It'll have a degree of condition about it as far as it state of repair, but they are in partnership with a developer on this project, personally now that outline planning has been granted they should propose to realise the value of this property through a sale, and either pass the proceeds back to shareholders, and use some cash to strengthen their core business, however I think there looks to be too many small players in the packaging sector against significant and very substantial rivals, this co's days are possibly numbered unless they have a specific niche and technological advantage in a particular sector, look at Coral Products warning Friday, the loss of a small contract can have an outsized bearing on performance!

[arthur_lame_stocks] 29/1/2017 06:16

Hi Bookbroker

I'm pretty sure the building is Grade 2 listed.

Arthur

[bookbroker] 28/1/2017 23:57

This is likely undervalued on the basis of tangible assets alone, the two sites with the right proposals could generate a significant re-rating, I suppose the caveat is the cost of re-development, that large building would likely contain asbestos, but then I do not know the state of the interior, might even be Grade 2 listed!

[melody9999] 28/1/2017 23:21

spread is a killer. moving on!

[tadders2] 26/1/2017 14:55

I would agree.

[rhomboid] 26/1/2017 14:29

No clue but it's not the easiest stock to trade so possibly just an illiquidity issue, to me this looks crazily cheap given the property upside, and plain cheap even without it!

[ed 123] 26/1/2017 14:24

Trading statement was only two weeks ago, so why is it going down today?

[cockerhoop] 12/1/2017 10:23

I'm pretty sure the company were mentioning £8m at a Mello presentation in 2014 or 2015 so I imagine £10m is a decent ballpark figure a bit further down the line.

[castleford tiger] 12/1/2017 10:21

Very possible it depends on whats on and the coverage.
Tiger

[wjccghcc] 12/1/2017 10:02

Broker reckons 10mm vs 5mm book value.

[castleford tiger] 12/1/2017 09:21

400/500 k an Acre Minimum

tiger

[cockerhoop] 11/1/2017 16:07

The planning meeting was Monday afternoon with site visits beforehand. I spoke to a planning officer on Tuesday morning. I'd imagine there's still plenty of work to do as some of the submissions 'lacked detail' but it's a significant hurdle out of the way.

[dangersimpson2] 11/1/2017 15:54

Did you attend the planning meeting?

Still down as awaiting decision on the website:

Status Awaiting decision



I don't think there is any doubt that this will be approved at somepoint - big unknown is what they will get for it.