Robinson Share Discussion Threads

[charo] 24/1/2022 13:42

Board has squandered £22 million on acquisitions over past 6 years to whose benefit.

[charo] 24/12/2021 09:57

Re property how soon is shortly.Obviously not before this year end.Can we expect in first quarter of 2022.
Family shareholders need to act to enforce change.The board will not as they are paid employees whose interests are in preserving their positions.

[charo] 20/12/2021 12:51

I expect a loss but extent depends upon the integration of new subsidiary.Hold and will add when next break point 75p is broken on next market update.
Cash will be a problem, more so if no property sale completes before deferred consideration due.
Properly managed should be worth 125p imo.

[chique] 18/12/2021 08:48

Charo , what do you expect profits to be after costs and amortisation?
are you holding?

[charo] 17/12/2021 10:57

Arthur lame stock
What say now?

[charo] 10/12/2021 15:52

The results will be terrible.div will be pulled.
Bank in control
Board out of depth.

[charo] 09/12/2021 15:28

CEO grotesquely overpaid .Probably double for size of company and 2020 result.
The bonus should be repaid this year.

[charo] 09/12/2021 11:02

Chairmans statement DISINGENUOUS .in previous statement 19th august operating profits forecast at 2.0 million before intangibles.
Current statement forecasts 1.2 million before intangibles AND EXCEPTIONALS.
So 50% of forecast only 4 months ago.
In same previous statement 2 properties still expected to complete in second half.
Now maybe 1 with second late in 2022,subject to planning.
WHO IS IN CONTROL HERE !!!!
Deferred considerstion ,due first quarter 2022 now needs to be funded by increased debt or deep discounted placing.
UTTER SHAMBLES.

[purplepelmets] 09/12/2021 08:37

yes right, considering it didnt even get a mention in the RNS at all. complete bellends.
FWIW I would have supported suspending the divi for a year at least until the property sales are complete. anyway, wasser under das bridge and whatnot

[charo] 09/12/2021 08:26

Exceptional cost 200k save 300k
Sounds like one senior.Shpuld be ceo and chair.
Still expect div to be withheld.

[charo] 09/12/2021 08:23

Kerchief!!Kicking can management useless.

[castleford tiger] 06/12/2021 10:11

As your second line says ….. so no need to update

[charo] 30/11/2021 10:50

But they must know by now whether they will meet forecast or not.
So in absence of update markets price in forecast will be met.
As to property why no update .
I am sitting on sidelines until update.

[castleford tiger] 30/11/2021 09:42

update is normally January

tiger

[charo] 30/11/2021 09:22

Company needs to update market.Will the forecast seond half 2 million operating profit be met,as includes second half contribution from schela plast,should be a given.
When will property sales agreed in march ,see interims,be announced.
Communication very poor for such a marketing led outfit.

[castleford tiger] 22/11/2021 22:25

Property market remains very strong.
I am sure it’s coming
Tiger

[ardee] 22/11/2021 21:54

The loan is not from pension assets. It is from an escrow account held as a conservative measure should further payments be required to be made into the fund. However it is likely that the £3M will not be paid over to the pension fund if the fund is still in surplus in 2023. In that instance it will be returned to the company.
My estimation of the surplus property value is circa £10M. However I am a little concerned that the current property sale has not yet been finalised.
This is a small company with a very conservative balance sheet which has the finance and the potential to grow and become more profitable.
I do have a reservation regarding the number of plants which they now operate. I would have thought that there must be potential to a least consolidate the UK plants into one site and thus achieve benefits of scale.

[charo] 16/11/2021 18:16

Missing point.The loan is from pensioner assets and is riskier than bank loan and with subordinated rights.
Trustee responsibility is to pensioners and unless on very favourable terms with full security should have told company to walk.

[1tx] 16/11/2021 16:31

Obviously as pension funds are only valued for the annual accounts we will not see a new valuation until the accounts for the period to 31/12/21 are published probably in March next year.FWIW I would expect an increase in pension assets & probably a reduction in liabilities;the latter caused by the fact that pension liabilities are measured against yields on government bonds & higher interest rate yields lead to lower liabilities.Robinson's pension fund is well funded & having been closed for over 20 years very mature in terms of age profile of members.I expect when the formal review is completed in 2023 it could be sold on to an insurance company with a return of surplus capital to the company as has happened elsewhere.Robinson may have some issues with rising prices of its raw materials which hopefully are short term and/or can be passed on & getting a rather modest return on capital but its pension plan is not a problem (unlike some other companies!).

[charo] 16/11/2021 15:21

Jaknife
Exactly.

[1tx] 16/11/2021 12:37

Re pension fund.Robinson's pension fund is in substantial surplus & has been for many years,currently it is around £9m in surplus over most recent valuation of liabilities and it is unlikely that Robinson will have to make further contributions,the fund has been closed since late 1990's.However Robinson has continued to make pension contributions to an escrow fund,on the assumption that the fund is not in surplus.If on the next full valuation of the pension fund which happens in 2023;the pension fund is still in surplus the escrow fund will be returned to the company,if not it will be paid to the pension fund.It is highly unlikely that that the fund will not be in surplus then.The loan is secured on uncharged property and is subject to interest at a commercial rate.