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Robinson – “inline with expectations”… but what does that mean?...

By Steve Moore | Thursday 26 May 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

An AGM statement from plastic and paperboard packaging manufacturer Robinson (RBN) commences, “Group sales in the first four months of the year are 22% ahead” and includes “profits are ahead of the first four months in 2021… profits in the 2022 financial year (excluding the uplift from the profits on disposal of properties) are expected to be inline with expectations, being comfortably ahead of 2021”. So what of a currently unchanged 80p share price?...

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