Robinson plc (AIM:RBN) – results ok, outlook cautionary, valuation attractive?
The custom manufacturer of plastic and paperboard packaging based announced results for the year ended 31 December 2014 marginally ahead of broker estimates. With decent cash flow and strong asset backing the shares are surely worth a look at current levels!
We first covered Robinson back in February 2012
Headquartered in Chesterfield, with manufacturing facilities in Kirkby-in-Ashfield, Stanton Hill (Nottinghamshire) and Lodz and Warsaw (Poland), Robinson currently employs around 310 people. It was formerly a family business, with its origins dating back some 176 years. Today the Group’s main activity is the manufacture and sale of injection moulded plastic packaging. Robinson operates primarily within the food, drink, confectionery, cosmetic and toiletry sectors, providing niche…
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