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Coral Products Share Discussion Threads
Showing 1076 to 1100 of 1100 messages
|i pressume its tommorrow|
|Generally early december .|
|december results ???????|
|"more competitive in an international market". They compete against imports.|
|"no upside at best" - try reading the trading statement:
More expensive raw materials may be offset by "import substitution"
"... more competitive in an international market" - 97% of sales are domestic.|
|They're a UK based manufacturer, so their products will become more competitive in an international market. Input costs are similar for all.|
|With the continued weakness in the exchange rates it must be assumed that there will be no upside at best, which in turn suggests that the share price is more likely to continue in its present trading range until such time as further news is published. Regrettably,I cannot see any news being very encouraging at present but being a case of steady the ship while in turbulent waters.|
|Yes a promising statement and the company seems to be coping so far with the recent fall in exchange rates.|
|Hmmm sounds good.....|
|I'm sure everyone buying yesterday on G Williams' comment did their research re currency effects... :) :)|
|I'm a fan of Gervais Williams, but he's wrong on that statement. Coral products are an importer of goods, and so they are faced with a 10% input price increase to pass on to customers in some form. They are not a beneficiary. Anyway, they have said that they should be able to deal with the change without too much of an adverse impact, so I'm also not unduly concerned.|
|Valhamos - yes he really did say that|
|Did Gervais Williams really say that the company is a beneficiary of the devaluation in sterling? I do not think he is correct. Coral's exports are quite small whereas a significant amount of raw material purchases are in euros. The effect of sterling's devaluation will therefore increase costs and put pressure on margins. This is confirmed in the Chairman Statement in the Annual Report which states that "The significant fall in the relative value of sterling against the dollar and the euro since the beginning of the year, together with the prevailing uncertainty, could have a negative effect on our business. We are taking steps across the Group to mitigate these."
Despite this personally I am not overly concerned by the currency impact at this stage as long as the price of oil remains at current levels.|
|Gervais Williams in Sunday Times:
".... It is a beneficiary of the devaluation of sterling so, if anything, its prospects have improved over recent weeks.
The company has a dividend yield of 4.21% and hopefully that will continue to grow as the business reports improved profits in the coming months and years."
Quite a lot traded today as well|
|Mention in Sunday Times- quite a nice one actually|
|Lots of volume & transactions this morning, can't see any news.
Offer moved up to 21p, but bid still at 19p.|
|Well if you read the trades obvious a cross not real sale.non event.|
|...and there I was, thinking that temelco's post referred to the 2.5m shares @ 19p @ 10.39|
|temelco just read chairmans statement under trading.refers to expected further benefits from merger of tatra rotalac,further benefits from investment at haydock.improved trading interpack and full year overhead savings.finished with confident about further year of improvement.gearing well down dividend substantially increased.gain no hype no rammping just delivery.|
|WHOA!!!! Where did that come from?|
|Look at merged tatra total account. Similar sales and with capacity to grow.Also haydock is a very under utilised asset with new investment yetc to impact.So 3 potential jackpots.|
|??? Charo, that's an interesting comment.....|
|But may not be next year.|
|Perhaps a controversial suggestion but I think a renaming of the company is in order to make a clean break with the past now that media sales are almost zero. Given its the biggest part of the business, I think Interpack makes sense.|