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this share price is ridiculously low with a market cap of 12m the building land they have is worth that on its own.
there is much talk about single use plastic, waste and plastic getting into the environment .. i can see packaging is a sector that needs to change and perhaps will be required to change by way of regulation... not sure if this company will rise to the challenge but who knows....will wait and see ...gla
I've bought 1500 shares & got them at 73p each. Let's see how we go.
Into this one.
On the face of it, it looks quite attractive.
Anyone have any views at all?
Mcap £12.46 million at 75p per share
Operations
The Group's main activity is the manufacture and sale of injection and blow moulded plastic packaging operating primarily within the food, household, drink, confectionery, cosmetic and toiletry sectors. They offer "niche or custom manufacture" to major players like McBride, Proctor & Gamble, Reckitt Benckiser, SC Johnson, and Unilever. In addition the Group also has a substantial property portfolio with development potential.
The company employs around 310 people at it's base in Chesterfield and across multiple manufacturing facilities in the UK and Poland.
Director Shareholdings updated (company website is OoD)
Mr Charles Robinson holds 1,212,601 shares for 7.3% (22/05/18)
Mr Adam Formela holds 309,944 shares for 1.9%
Mr Glossop & Assoc holds 196,922 shares for 1.2%
Mr Richard Clothier holds 59,548 shares for 0.4% (25/04/18)
Totals 10.8%
Other Significant Shareholders
Susan Robinson holds 724,585 shares for 4.1%
Rebecca Hartley holds 654,191 shares for 3.9%
Ruth Shemwell holds 598,791 shares for 3.6%
Stephen Shemwell holds 534,091 shares for 3.2%
Sarah Hardy holds 525,191 shares for 3.2%
Heather Shaw holds 515,191 shares for 3.1%
Jane Mansell holds 500,000 shares for 3%
Totals 24.1%
HY results: 21 August 2018
FY results: 22 March 2019
website: https://robinsonpackaging.com/
Dividend received. Now the wait until the next update. Not a lot happening at the moment
Think this may have bottomed now. Was here a while back and tempted once more
Widening the spread as desperate for stock now
No stock SO online prices are 74/78. MMs will be happy for your stock as they seem to have none. Currently can only buy 100 shares.
No discount on the offer now. Probably time for a move up especially when you look at the chart.
To see someone buying a few.
Some people may be put off by the spread posted but actually online it is better at 73.5/78. There are very few shares in free float which is why there is a large spread. The financial Director and his Wife recently purchased stock which is a good sign and should underpin the current price which is very close to an all time low. The company is profitable and has a large NAV as well as pays a Dividend. They currently have property to sell which when it is sold may mean a special dividend and of course more cash in the Bank. They did previously pay a special dividend so this would not be something which they are unaccustomed to. When it does move it does so usually rapidly and in big steps. It's an interesting stock and in times where the market is volatile may prove to be a nice earner in both dividend growth and share price growth.
T2B :-) Seems you found a bargain
Certainly seems to have bottomed. Spread is better than can be seen at 73.5/78. We have the possibility of news anytime if they can sell the properties which they have which will certainly support the cash balance and with the potential of a special dividend to boot. The stock is very illiquid and can move in big jumps as was seen with the recent Director Buys (CFO bought).
Continuing at full offer.
This must signal the bottom and a rise should ensue from here
Paying well over on the bid too.
Looks off putting but online it's 73/77
Hopefully we will see some positive news shortly such as the sale of the property. If that happens they may even pay out another special dividend to holders.
73/77 far better than shown
Max buy limited to 2500 online
Lot's of upside potential. http://www.lse.co.uk/ShareChart.asp?sharechart=RBN&share=robinson
If they can sell the below mentioned property then there is a massive re rating coming in this stock.
Last Broker rec I can find: Broker to the company, finnCap, considers that the planning permission on a substantial portion of the company�s surplus property lifts the value of the land from �5 million to, on a conservative basis, �10 million (60p per share). It then values the packaging business at 6.5x forecast 2017 EBITDA � noting this a 20% discount to the peer group in a rapidly consolidating market � and has a target share price of 180p.
All I can get offered on line and paying a nice premium for sells