Robinson (RBN)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

 110.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 112.50p
  • 52 Week Low: 87.50p
  • Currency: UK Pounds
  • Shares Issued: 16.75m
  • Volume: 1,368
  • Market Cap: £18.43m
  • RiskGrade: 173

Robinson improves dividend package to mask soft market

By Oliver Haill

Date: Wednesday 17 Aug 2016

LONDON (ShareCast) - (ShareCast News) - A soft market and lower plastic resin prices continue to dog packaging group Robinson, which hiked its dividend as it expects slow levels of new business to pick up in the second half.
Sales of £12.8m in the six months to 30 June declined 6.4% compared to the same period last year, with 2% of reduction due to lower resin prices which were passed on to customers.

Robinson, which has two factories in the UK and two in Poland, broke back into the black at the pre-tax line with a £0.28m profit thanks to lower levels of exceptional costs compared to last year.

Directors lifted the dividend to 3p from 2.75p a year ago, in spite of a £3.8m cash outflow and a £4.6m net debt at the period end.

Packing volumes were lower primarily in the UK and seen among many customers, largely attributed to "reduced call off" rather than losing business, though demand from the retail sector, particularly for premium branded goods, continued to be subdued.

"New business gains have started to come on stream during the period albeit somewhat slower than we had expected," Robinson said, adding that although soft market conditions are expected to continue, "new business should progressively fill that gap in the second half".

"This and further new business, already signed up but not yet in production, will, in the following year, help us to return to our organic growth targets."

Investors were less confident and the shares were down 7.6% to 143.2p by 1115 BST on Wednesday.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Robinson Market Data

Currency UK Pounds
Share Price 110.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 112.50p
52 Week Low 87.50p
Volume 1,368
Shares Issued 16.75m
Market Cap £18.43m
RiskGrade 173

Robinson Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.53% below the market average0.53% below the market average0.53% below the market average0.53% below the market average0.53% below the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Price Trend
72.36% above the market average72.36% above the market average72.36% above the market average72.36% above the market average72.36% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Income
38.97% below the market average38.97% below the market average38.97% below the market average38.97% below the market average38.97% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Growth
14.43% above the market average14.43% above the market average14.43% above the market average14.43% above the market average14.43% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average

Robinson Dividends

  Latest Previous
  Final Interim
Ex-Div 06-Jun-24 21-Sep-23
Paid 21-Jun-24 13-Oct-23
Amount 3.00p 2.50p

Trades for 17-Jun-2024

Time Volume / Share Price
08:00 1,368 @ 105.20p

Robinson Key Personnel

Finance Director Michael Cusick

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