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that was punchy lol...way overstated, but much appreciated nonetheless Many thanks, Jolly bashful
Well, Dan...EV/historic EBIT is over 10 for starters...c12 (stripping out exceptional profit) ...& MCAP is c1.5 times TNW (stripping out pension assets...that I cannot work out use for lol) ...acquisition looks good but perhaps integration will be harder than expected (cultural or regulatory challenges? or customer migration? or retention issues...key managers join competitors?) ...v interested in yr perspective (have you invested here btw?)
Check out the EME bb to find cheque mate (knew I'd seen him somewhere) - then click on his name to see all his posts :)
Ps - I stuck a word in for you on the QPP bb ;)
You're right about jolly's good fortune. He's just too humble to ever admit he's anything but lucky. Jolly, why do you think RBN is fairly fully valued? Because I disagree but I'd like to hear your reasoning first
Presume away, keen to learn as much as possible. May be a stupid question, but where do I find the Chequemate info you refer to, is it in the general chat or blog section on this site, or where?. Many thanks for your help.......luck will always have a part to play in most things, investment decisions included!, sure your good fortune has more tho to do with your strategy, skill, experience, hard work, etc than pure luck. DD
well perhaps you are "thinking & analysing too much"...but that is a much better starting place than the reverse ...sorry if I presume too much...but you might benefit from looking a little at, say, Chequemate's post traffic to get a sense of how an articulate reasoned and sensibly confident approach (all imv of course) to investing in AIM looks like ...a seemingly "steady" investment outlook based on the Zulu principals ...I would not follow me...I'm all over the shop (though lucky...up to date lol)
Very much appreciate your views. Your right, I shouldn't get too hung up on a few pence as this would be a long term hold for me......at the moment I'm thinking & analysing too much, been stung a few times. Good luck DD
rbn is fairly fully priced imv... ....I suspect my strong buy opinion is overly emotion driven (though the acquisition does look good) and perhaps it is a "super strong LT hold" lol ...of course, if you take a v lt view of rbn, then the entry price may not matter so much ....sorry I am struggling to be any clearer/more helpful ...gl in yr decision
don't follow...may be a good diversification...
Many thanks, my only slight concern is AIM (not made any profit yet on any AIM share invested in - they were dogs tho and I am more astute now - I think!), the AIM market may still have a bit more to fall. Also, the bloody spread on here is a killer, it ticks up the ask 2% on very little trade (or none at all). Also been looking at RPC, same industry but FTSE250, similar fundamentals (in fact a lot better ROCE to RBN) ......so have been contemplating 50% here & 50% RPC to psychologically appease my aversion at mo to AIM (although will admit prefer 100% RBN). Thanks and no advice taken. GL DD
I would buy now if I didn't already have substantial holding...perhaps put half in now, and wait & see how integration goes? ...no advice intended
Like the look of these. One £5k buy and tick up 1.5%, nice!, big spread though, not nice. Particularly like the fact, apart from steady growth etc, they have a property portfolio. Also, the Madrox acquisition and this statement in the finals: "this acquisition will add significantly to Robinson's revenues and, once the integration costs are covered, Madrox is expected to substantially improve the Group's earnings and cash flow. The capabilities and new customers that the company brings to Robinson will add to the prospects for further sales growth beyond 2014." Any views on a good entry level?, thanks. DD
great
Nice steady growth and no hype Just what the Doctor ordered - great long term holding
Trading below its net working capital per share...at the moment!
Interesting!!!
...
...barely a premium to tnw.. ...and so much to love here
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 £2.8m (2011: £2.7m). · Revenue decreased by 2% to £21.2m (2011: £21.5m) 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 £1.7m leaving net cash and borrowings of £1.4m. · The surplus in the Group's pension fund increased by 1% to £7.7m. · A £3.4m 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%. Commenting on the results, Chairman, Richard Clothier said: "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."
...still so strong on fundamentals imv
Robinson, the manufacturer of plastic and paperboard packaging, expects its revenue to decline by one per cent over 2012, the company has announced in a pre-close trading statement ahead of its release of final results for the year due out in March. The company stated that it was expecting revenues of £21.2m for the year, in line with expectations but nevertheless representing a 1.0% decline year-on-year. Plastic resin costs were on average around 9.0% lower than in the previous year and underlying volumes were approximately 2.0% higher than in 2011. The company stated that new business gained in the year had been slower to come on-stream than anticipated due to delays within its new customer operations but it said that they were all now in production and should provide a full-year benefit to 2013. The group further stated that the board anticipated that the final results for 2012 would show some improved profitability, in line with expectations.
rude not to - given improve sentiment towards tiddlers DYOR/Not Investment Advice
DYOR, but companies with substantial family ownership (and family name in company name for real reputation hook); decent long term performance...what's not to like? It is really the place to be - these serene bbs far from the O&G crowd (pity Chippy)
How can RBN benefit from its £7.2m pension asset?