I've had various trade plans in for a while trying to get in below 100.00 and I got one finally filled. Just 1057 share for now but I have further trade plans in for under 100.00 but nothing filling yet.
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.
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