Anybody have any ideas of the timescale for selling the surplus sites? I presume they are now going to apply for detailed planning permission and it will obviously take time to draw up the plans but if and when these sites are sold it should provide a good cash boost to the company.
Personally i'd prefer it if the cash was returned to shareholders rather than being reinvested in the company as it has an unreliable record of profitability but at least the balance sheet is rock solid.
Planning permission granted.The value of the site is difficult to work out,the proplem being that the old factory buildings have to be retained as they are listed.My understanding is that they are in poor condition and will be expensive to convert.
Without the additional value provided by obtaining planning permission on the rest of the site it would not be viable to go ahead with their conversion.I am hopeful that the value of the site is not fully reflected in the present share price but may not be as high as if it was a less complex development.
There may be taxation advantages in retaining the proceeds in the business;but it would only be worthwhile if the company can make a decent return on any investment.
Business seems hard work!
The main unknown remains the value of the 24 acre housing development,300 or so units + conversion of old mill to retail & housing which is going through planning......I can't see any obvious reason why it should not be given but the question is its attractiveness to developers.
Read finnCap's note on ROBINSON PLC (RBN), out this morning, by visiting https://www.research-tree.com/company/GB00B00K4418
"Robinson has released its AGM trading statement covering Q1 2016. While we noted that trading conditions were challenging at the 2015 full-year stage, it seems that if anything markets have got worse pretty much across the board. Compounding this are rising resin prices, which will have a short-term gross margin impact before prices can be passed through, while new business won in 2015 is ramping up slower than expected..."
Actually I did n't think the results were too bad;more badly presented as it was the increased one off earn out payment for the Polish acquisition that depressed profits & fall raw material costs that reduced turnover. Cash generation remained strong.
Good value at around £1.70.
"Packaging manufacturer LSE:RBN:Robinson's pre-tax profit was all but wiped out in first-half trading, and its share price followed suit, dropping by over 10%. But one analyst reckons second-half trading should be much better.Pre-tax profit ..."
Robinson PLC ("Robinson" or "the Company"; stock code: RBN), the custom
manufacturer of paperboard and plastic packaging based in Chesterfield,
announces that, on 19 October 2005:
* Finance Director, Guy Robinson bought 15,000 ordinary shares of 0.5p each
("Ordinary Shares") in Robinson at 65 pence per share. Following this
transaction, Guy Robinson's beneficial holding is 699,500 Ordinary Shares,
representing 4.4 per cent of the Company's total issued share capital.
* Lena Marx, spouse of CEO Jon Marx, bought 2,261 Ordinary Shares in
Robinson at 65 pence per share. Following this transaction, Jon Marx's
beneficial holding is 10,528 Ordinary Shares, representing 0.1 per cent
of the Company's total issued share capital.
For further information, please contact:
Robinson PLC Tel: 01246 220022
Guy Robinson, Finance Director www.r1son.co.uk
Sue Scott/Michael Padley Tel: 020 7367 8888
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.