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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?
is this robinsons squash? if so, i have a complaint...
I'll be keeping an eye on this one
Robinson Buy 31-May-12 £52,500.00 Anthony Glossop 50,000 @ 105.00p
Plastic packaging maker Robinson has seen revenues and profits beat expectations during 2011 after it managed to sell its underperforming paperboard tube business. Group revenue increased by 10% over 2010 to £21.5m, better than than the consensus forecast of £21.4m. Profits before tax rose 23% to hit £2.7m, against market expectations of £2m. The company says higher volumes and stable operating costs improved operating profit by 22% to £2.1m, while an exceptional gain of £1.4m came from selling the spiral wound paperboard tube operation. The dividend has been increased by 15% over the prior year to 3.75p per share. Headquartered in Chesterfield, Derbyshire, with manufacturing facilities in Kirkby-in-Ashfield, Stanton Hill (Nottinghamshire) and Lodz (Poland), Robinson currently employs around 225 people. Its origins dating back 173 years but today the firm's main activity is the manufacture and sale of injection moulded plastic packaging for clients including Proctor & Gamble, Nestle and Kraft. The Chairman, Richard Clothier, said the results were the best that Robinson had achieved "for many years and certainly since it was admitted to AIM in 2004." The outlook is described as stable, with Robinson hoping its exposure to the resilient food, drink and toiletries sectors will stand it in good stead
In a move to reduce current bank debt, Robinson (RBN), the packaging developer, has agreed to sell its Chesterfield-based subsidiary, Robinson Paperboard Packaging, to Sonoco for an estimated 2.6 million pounds. The subsidiary provided 24% of the company's revenue last year but has failed to be profitable since 2006, following the loss of a major contract. Furthermore, the group added that Sonoco will lease its factory buildings at Goyt Side Road for 15 years at a rate of 0.45 million pounds per year, following an initial rent free period of two years
That looks like an extra £0.95m on the bottom line + cash of £2.6m + the opportunity to revalue the leased property (and maybe sell it). All gives a forward P/E of about 6. I am in for more.
Robinson soars after 78% profit increase Date: Friday 25 Mar 2011 LONDON (ShareCast) - Robinson shares soared over 16% after the packaging manufacturer revealed a 78% profit increase in 2010 on sales that grew 13%. Pre-tax profit for the 12 months to 31 December surged to £1.71m, from £0.96m in 2009, as a better customer mix and lower labour and electricity costs resulted in a gross margin improvement from 19% to 20%. Operating costs were also broadly flat at £3.69m, compared to £3.61m previously. Revenue increased from £21.95m to £24.83m, but excludes the group’s loss-making US paperboard business which was closed in December, driven largely by the relative strength of the Canadian dollar and weak US demand. “We remain conscious of the possible effects of economic trends and government policy on our costs and consumer demand, but due to the group's exposure to the usually resilient food, drink and toiletry sectors we do not expect revenues to be greatly affected. Our progress so far in 2011 is in line with the board's expectations,” said chairman Richard Clothier. The final dividend was flat at 1.75p. Basic earnings per share from continuing operations grew to 7.8p, from 4.6p in 2009.
Improved gross margins, increased revenues and higher pension fund incomes all helped Robinson (RBN) to post widened annual pre-tax profits, as the packaging manufacturer expects to make further progress in 2011. For the full-year ended 31st December 2010, the group reported a pre-tax profit of 1.7 million pounds, up from 1 million pounds a year earlier, as revenue climbed 13% to 24.8 million pounds. "We are confident that, unless market conditions deteriorate significantly, we will be able to make further progress in 2011," commented chairman Richard Clothier. Robinson shares rose 9.5p to 68.5p.
Commenting on the results, Chairman, Richard Clothier said: "We are pleased to report growth in 2010 and also that the current year has started better than last year, in line with management expectations. With the closure of the North American business, we are able to concentrate our efforts in Europe and we are confident that, unless market conditions deteriorate significantly, we will be able to make further progress in 2011."
PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2010 Robinson plc ("Robinson" or "the Group"; stock code: RBN), the custom manufacturer of plastic and paperboard packaging based in Chesterfield, announces its results for the year ended 31 December 2010. Highlights: · Profit before tax* £1.7m (2009: £1.0m) · Revenue* increased by 13% to £24.8m (2009: £21.9m) · Loss making North American business closed in December 2010 at minimal cost to the Group · Dividends for the year increased by 18%
http://www.investegate.co.uk/Article.aspx?id=201103250700055991D
Profits up, due to cost cutting and sales holding up. look like a good long term buy.
when all is falling? Your thoughts please