TX2
08 Jun 2018
Re: Prices Robinson have been trying to sell surplus property for at least 10 years.Presently there is an over supply of housing sites on the market in Chesterfield & the mill conversion part of the site is probably a non starter as it has a high retail content for which demand is dead.Sale looked a possibility a year ago but the market has changed.Eventually a buyer may be found but it could be years away!I also see some risks regarding its product range.Onetime use plastic packaging for soup and the like is not flavour of the month.It is a bit of a strange company essentially it is a tiny remnant of a large family owned business which was sold off about 15 years ago;this is what was left over and was bought to market to contain the pension fund.Yes it is potentially cheap but for a reason.
avoint
08 Jun 2018
Prices 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.Some people may be put off by the spread posted but actually online it is better at 74/78. 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.
avoint
22 May 2018
Finance Director Buys Must be a sign that this has hit the bottom.
avoint
21 May 2018
Buying over the offer price Nice to see the buy at a premium to the offer. I do think that this has substantial upside potential.
Another Jacko
14 May 2018
Re: Ex Dividend this week I wouldn't be surprised if the price merely fell 3p when the shares go ex dividend.
avoint
14 May 2018
Ex Dividend this week Nice 3p to bag.Market cap a third of turnoverMakes a profit - not large but a profitPays a dividend which is quite a healthy yieldNext dividend available to holders later this month
Another Jacko
24 Mar 2018
Results Well fairly disappointing results. Margins under pressure and costs rising.And the news on the property wasn't great, obviously it has value but maybe not as much as i'd hoped.At least the dividend has been maintained.I guess i'll continue to hold for now.
KEEPING CALM MIKE
02 Mar 2018
95p and pushed Freezing Friday, managed to get my foot in the door at 95p . Like the outline Planning on the two sites . K.C.M.
Seisman1
16 Feb 2018
Re: buying what i can 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.
CASTLEFORD TIGER
16 Feb 2018
buying what i can but its hard worktiger
CASTLEFORD TIGER
24 Aug 2017
board need a shake up in my opinion.overpaid for Madox but there is still a great chance this can be turned round.tiger
Another Jacko
12 Feb 2017
Timsecale 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.
TX2
13 Jan 2017
Re: Results 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.
Another Jacko
26 Dec 2016
Re: Results I bought in recently in the £1.20's as I feel that 24 acre development site is likely to get planning permission and that it will give a large boost to the cash position of the company.The only thing that bothers me is that they are planning on reinvesting that cash into the business rather than making a distribution to shareholders.What's the site worth? Is £12M around about right?
Ripley94
18 Sep 2016
Re: and all the way back down In Friday 130.
