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Pin to quick picksRobinson Share News (RBN)

Share Price Information for Robinson (RBN)

London Stock Exchange
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Share Price: 112.50
Bid: 105.00
Ask: 120.00
Change: 0.00 (0.00%)
Spread: 15.00 (14.286%)
Open: 112.50
High: 112.50
Low: 112.50
Prev. Close: 112.50
RBN Live PriceLast checked at -

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AIM WINNERS & LOSERS: Proton wins order; Robinson outlook worries

Thu, 19th Aug 2021 11:08

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Proton Motor Power Systems PLC, up 3.3% at 40.28 pence, 12-month range 40.28p-125.0p. Wins further order from GKN Hydrogen for an additional eight PM Module S8 fuel cell systems designed for the autonomous provision of energy and heat to be delivered in the first quarter of 2022.

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BlueRock Diamonds PLC, up 3.1% at 48.44 pence, 12-month range 40.0p-63.50p. Discovers 14.3 carat stone, its third "high quality" find so far in August. The diamond producer, which operates the Kareevlei mine in South Africa, says the stone will be sold in its August tender. To compare, BlueRock sold a 14.8 carat stone in January for USD163,000.

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AIM - LOSERS

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Robinson PLC, down 10% at 110.00 pence, 12-month range 110.0p-169.0p. Sinks to pretax loss of GBP581,000 in six months to June 30 from GBP1.1 million profit year before, as operating costs rise to GBP3.5 million from GBP2.6 million. Revenue improves to GBP21.2 million from GBP17.9 million. "Across our markets we are seeing a lower-than-normal level of demand in the third quarter due to the ongoing uncertainty across fast-moving consumer goods ​supply networks and a varying pace of recovery following the pandemic. We are now expecting this to continue for the second half, so we are accelerating our plans to improve our operations for additional cost savings and profitability," Chief Executive Alan Raleigh said. Company now guides for full year operating profit before amortisation of intangible assets to be about GBP2.0 million, versus GBP2.7 million in 2020.

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Condor Gold PLC, down 5.5% at 41.60 pence, 12-month range 38.00p-55.00p. Notes "very successful" drill programme in La India starter pit, with 3,370 metres diamond core drilling programme completed, all assay results have been received and all significant intercepts have been reported. "Using a 2.0 grammes per tonne cut-off grade, the Starter Pits contain 445,000 tonnes at 4.17 grammes per tonne gold for 59,700 ounces gold with a 6.8 to 1 strip ratio and represent less than 10% of the full permitted La India open pit," company says.

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Empire Metals Ltd, down 5.7% at 1.93 pence, 12-month range 1.93p-4.62p. Begins reverse circulation drilling at Central Menzies gold project in Australia. The 2,100 metres programme is expected to be completed in September, "keeping the fast-track development of the project on schedule and within budget".

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
9 May 2024 17:20

Robinson reports sales growth amid discussions to appoint new CEO

(Alliance News) - Robinson PLC on Thursday said it is in "advanced discussions" over the appointment of a new chief executive officer, after a "thorough search process with a leading recruitment agency", and also reported strong sales growth.

Read more
9 May 2024 12:11

LONDON MARKET MIDDAY: Stocks climb as BoE holds but two back cut

(Alliance News) - The FTSE 100 was higher on Thursday afternoon, after the Bank of England maintained the benchmark UK interest rate at 5.25%, albeit with a vote split that encouraged rate cut expectations.

Read more
9 May 2024 11:46

Robinson sees strong H2 momentum carry over into 2024

(Sharecast News) - Plastic and paperboard packaging manufacturer Robinson said on Thursday that momentum experienced in the second half of 2023 has continued into 2024.

Read more
9 May 2024 10:44

AIM WINNERS & LOSERS: Robinson sales up; Thor Energy halts ASX trading

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

Read more
18 Jan 2024 14:31

EARNINGS AND TRADING UPDATES: GetBusy hails integration into Ultratax

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
24 Oct 2023 19:21

EARNINGS AND TRADING: Robinson hit by Storm Babet, Altona loss widens

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

Read more
17 Aug 2023 16:06

Packaging firm Robinson swings to first-half loss

(Sharecast News) - Plastic and paperboard packaging manufacturer Robinson reported a decline in first-half revenue on Thursday, noting a drop of 4.3% to stand at £24.3m.

Read more
17 Aug 2023 10:10

Robinson maintains half-year dividend despite swing to loss

(Alliance News) - Robinson PLC on Thursday reported a swing to an interim loss as operating costs increased and revenue declined, with the company noting challenging macroeconomic conditions.

Read more
14 Aug 2023 10:07

IN BRIEF: Robinson makes gain on property sale; reaches pension accord

Robinson PLC - Chesterfield, England-based plastic and paperboard packaging manufacturer - Sells 1.3 acres of surplus property at Walton Works in Chesterfield for GBP1.5 million, giving GBP1.1 million in net proceeds. Property had a GBP540,000 book value and was producing rent of GBP5,000 per year. Robinson estimates that its surplus property holdings, including the property just sold, has a GBP7.4 million market value. It plans to reinvest surplus property sale proceeds in its packaging business.

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22 Jun 2023 10:25

IN BRIEF: Robinson says annual profit to be in line with guidance

Robinson PLC - Chesterfield, England-based plastic and paperboard packaging manufacturer - Expects to deliver full-year adjusted operating profit in line with expectations despite the ongoing macroeconomic uncertainty and volatility. Says sales in the first five months of the year is 2% below the comparative period in 2022. Says sales volumes are 11% lower than the year before. Looking ahead, expects uncertainty and volatility experienced since the beginning of 2021 to continue throughout 2023.

Read more
31 May 2023 13:37

Robinson sells part of Walton Works property to Peppermint Grove

(Alliance News) - Robinson PLC on Wednesday announced it sold a part of the Walton Works surplus property known as Mill Lane in Chesterfield, Derbyshire.

Read more
31 May 2023 12:42

Robinson sells off surplus Chesterfield property

(Sharecast News) - Plastic and paperboard packaging specialist Robinson has successfully completed the sale of a portion of its surplus property known as 'Mill Lane', located in Chesterfield, it announced on Wednesday.

Read more
30 Mar 2023 17:55

TRADING UPDATES: Time Out revenue rises; Arbuthnot gets rates boost

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
24 Jan 2023 14:40

TRADING UPDATES: NAHL expects annual profit to top market consensus

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
8 Sep 2022 12:04

IN BRIEF: Robinson swings to interim profit; revenue tops costs growth

Robinson PLC - Chesterfield, England-based plastic and paperboard packaging manufacturer - Swings to interim pretax profit following price increases. Pretax profit in six months to June stands at GBP2.8 million compared to a loss of GBP581,000 a year prior. Revenue climbs 20% to GBP25.4 million from GBP21.2 million, outpacing cost of sales, which widens by 17% to GBP20.8 million from GBP17.7 million.

Read more

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