Robinson Share Discussion Threads

[battlebus2] 10/9/2013 12:48

Got to say this has been a fantastic share performance.

[lingy] 10/9/2013 12:34

Moving up nicely.

[battlebus2] 27/8/2013 19:58

£2 closing in.

[lingy] 27/8/2013 19:41

Nice lets hope no one sells shares at this price make the market pay for quality.

[davidosh] 21/8/2013 14:28

Robinson story progresses...

[apad] 21/8/2013 09:22

Anyone understand the change in trade receivables and payables in the cash flow statement?
apad

[lingy] 21/8/2013 09:17

Starting its next leg up ,great long
Term
hold

[shanklin] 01/7/2013 15:44

Bit of a bonus, just managed to buy a few RBN @ £1.50

[apad] 01/7/2013 09:36

Oops backwards PER about 12.
apad

[apad] 01/7/2013 09:32

Still a pretty flat market:
"It is pleasing to report continued improvement in profits despite a subdued market environment. Sales volumes increased by 2% year on year but, despite this, revenue declined by 2% due to our contractual arrangements with customers to pass on raw material price reductions. The full year effect of the new business gained during 2012 should ensure revenue growth in 2013."

However,
Price to free cash flow of 11 and PER of 8 makes it cheap when the specialist packaging market picks up iff one can trade inside the spread.

apad

[davidosh] 01/7/2013 09:05

That is the first of the many property assets being sold off for a substantial cash payment and profit on the book value allowing further returns to shareholders or investment into building the business.

[davidosh] 05/6/2013 16:36

Very interesting ! In a horrible day on the market someone just paid 5% above the offer for 15000 shares at £1.61

[battlebus2] 04/4/2013 10:28

It's been a great few days here, property news? Incredible to think we are still on a p/e of less than 12!

[lingy] 25/3/2013 19:34

Not many on here but what a good company this is great looking chart and good steady financials,certainly one to keep long term IMO.steady but surely.

[lingy] 22/3/2013 10:17

Looking like its about to make a new all time high

[shanklin] 21/3/2013 10:41

Any idea what its valued at on the B/S?

[davidosh] 21/3/2013 09:41

And checkout the potential sale of the Portland facility that has now been flagged up. Based on the 400k rental income that should achieve a sale at around £6m but the price was agreed from the outset so may have been set closer to £5m but still a very nice cash boost in three months time if it happens.

[shanklin] 21/3/2013 07:31

bb2

Yes, it all looks fine. I wonder where the exceptional loss reported in H1 was gone. Assuming this has been absorbed into the numbers you have posted, the business has done rather better than these numbers would initially suggest.

Cheers, Martin

[battlebus2] 21/3/2013 07:24

Another good set of results-PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2012

Robinson plc ("Robinson"; stock code: RBN), the custom manufacturer of plastic and paperboard packaging based in Chesterfield, announces its results for the year ended 31 December 2012.

Highlights:

-- Profit before tax was GBP2.8m (2011: GBP2.7m).
-- Revenue decreased by 2% to GBP21.2m (2011: GBP21.5m) but underlying volumes increased by 2%.
-- Gross margin improved as a result of lower plastic resin costs and improved mix of business.
-- Cash inflow for the year was GBP1.7m leaving net cash and borrowings of GBP1.4m.
-- The surplus in the Group's pension fund increased by 1% to GBP7.7m.
-- A GBP3.4m restriction in the pension fund surplus has been reflected in the Group's assets.
-- The Board is recommending an increased final dividend for the year of 2.25p per share (2011:2p) raising the total dividend declared in respect of 2012 by 7% to 4p.

-- Diluted earnings per share increased by 9%.

[battlebus2] 21/1/2013 18:42

I think by retaining their margins-from the interims,

The gross profit is GBP0.1m higher than the previous year as we have passed on the raw material price rises sustained during the first half. Increasing efficiency is a constant priority for the company and overheads have been reduced by GBP0.1m. With the Group's cash position broadly neutral and the continued notional benefit arising from the pension fund surplus, the profit before tax was GBP0.6m (after taking into account the Scotplast impairment) compared with GBP1.0m the previous half year.
Market conditions for the rest of this year are expected to remain subdued. Plastic resin prices have recently reduced significantly from their recent peak and, although this benefit will be passed on to customers, we expect to maintain our margins. The directors are nevertheless optimistic that the Group will show further progress in the profitability of the underlying continuing businesses by the end of the year.

[jolomo] 21/1/2013 18:10

Just wondered what people thought when company says 'results for 2012 will show some improved profitability'. Is this adjusting for exceptional impairment charge?

[battlebus2] 21/1/2013 10:29

On track statement which is pleasing.

[battlebus2] 10/10/2012 17:30

Definitely more left in the tank yet. News could be very soon. The recent 100k sale by optumus seems to have been snapped up.

[davidosh] 10/10/2012 17:04

I appreciate you sold yours a month ago Charo. Each to their own decision. I think there is plenty of value left yet.