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Coral Products Share Discussion Threads
Showing 1126 to 1150 of 1150 messages
|Boy what negativity 600k is nothing in cap ex one new 1200 tonne injection machine with ancillaries cost more.one multi pallet CNC machining centrecould cost more.
All about utilisation JG big holder why risk if no return.
Look at accounts not taking big salary|
|Same old massive capex to secure new business. Haydock hasn't been turned around yet. Will it ever? Burnt too many times on this poor quality company!|
|Yes PUGUGLY, I EXPECTING to live for ever but I bet there are those that would put a pretty large bet on that I will not. Did JG expect to announce the problems they announced when the share price was around 20p?
How many times has this company promised more than it has ever delivered?|
|Expected is the KEY WORD - Expected (in my trading history) is what the sales director says he wxpects when negeotiating last year's bonus and then finds an excuse when the "expected" does nor materialise !! sorry to be a cynic but burnt TOO OFTEN.|
|Loans have been covered before charo -Yes CRU year starts May but do you really expect any profit from H1 in view of set up, finance costs,staff training, let alone transfer of equipment to Haydock.
Heaven knows what Full Year 2016/2017 accounts will look like - beware of the fluff when they are published in view of the last warning.|
|Clock tower so far as coral concerned next year starts may 2017|
|Automotive is a tough sector to break but can be very profitable if done right.Also long term contracts ,lifetime of vehicle.
In addition substantial increase in bakery tray business.As to financing would not expect JG to dilute further,he is significant shareholder and appears to have covered by 5 year asset finance and bank resources.|
|Interesting that the RNS title is "Purchase of Assets" yet the most exciting part is the announcement of TWO new customers expected to lead to "substantial new business throughout our next financial year" that is from May onwards.
This is a very positive development with automotive a new market sector for Coral which offers increased and more stable throughput for the Haydock factory.|
|JG on buying equipment again at knockdown prices I guess but as the RNS states at best it will be next year before they start to show and benefit. that is IF profitable orders are confirmed. If it works it may turn Haydock around.
The concerns are that it adds debt to the books at a time when all is not rosy. Do not be surprised to see Joe coming around for some more cash on the back of a signed and sealed order, which could be a get out of jail card. While Joe has turned the company around, there are issues to be resolved, so this share price jump maybe short lived, if some of the larger holders decide enough is enough, having failed to see progress since they last funded CRU.|
|That all looks very positive for future trading.|
|seems that in spite of troubles interim div being paid wednesday.|
|take over target ?
hes cleared the decks a litle|
|Having watched how this is panning out, it seems to me that Joe`s buying has once again had the effect of stabilising the share price Unless further bad news comes, it seems likely that not much will change until we get some figures with another outlook statement.|
|The market in general looks set for a correction, and if economic figures show further signs of weakness this could find 10p would be hard to hold onto imo.|
|More small director buying announced today to try to shore up the breeches I assume.
I expect there are more that will be happy to remove themselves from the remaining risks and sell into the slightest strength.
If there is a second profit warning it could go lower than 10p I guess.|
|As we all can sell hold or indeed buy.business is never easy or always upwards.
See French connection
BT coop bank next robinsons
Announcement was brutal but frank let's see what transpires.|
|Having seen him in action?
Appointing the CEO was a big mistake on his part by the look of it
Sort it or sell it|
|As note says all subs profitable except mouldings.RZ was supposed moulding whizz big rep.So not a problem with acquisitions ?According to accounts
JG has over 5million shares none from options.Having spent 4 years turning sows ear to silk bet he spitting blood and having seen him in action bet on coral.|
|Was this Grim guy involved with a previous plc, which sunk ?|
|I've felt that there was one acquisition too many (Global Pak) when the company should have been focused on improving efficiency at Haydock and subsuming other acquisitions. If you go on a big acquisition spree, you need the right directors including an appropriate CEO and FD with experience of consolidating several businesses etc and company 'infrastructure' (financial reporting etc) to support this. Its no mean feat and I wonder if they moved too quickly to offset cessation of media sales. With the share price where it is I doubt we'll be seeing any more acquisitions for a while.
I suspect liquidity might be tight given high level of debt at interims, potential earn-outs as noted by others, compensation for loss of office, ringfenced capex etc. I suspect final divi might be suspended. They may have no choice.
JG now needs to find another CEO. Maybe a daft suggestion but why doesnt he become CEO and find a decent non exec chairman.
Overall very disappointing. Fingers crossed (assuming there is no fraud at play here and that CEO wasnt up to the job rather than up to funny business), I dont see this as a terminal blow but a lot of confidence lost. Share price probably will go lower but IMHO 13p doesn't seem horrific value. Would like to see more substantial director buying before betting the house on it. Fridays purchases were a bit weedy.|
|Unlikely that the reason is lack of orders. It has been a problem for years to get sufficient volumes through the Haydock factory to compensate for the decline in media products. You don't appoint a new CEO who is reported to have years of injection moulding experience and then part company after 8 months because of a "lull in demand". And if it was a lack of orders you would not say "Immediate steps have been taken to improve performance at Mouldings and losses are expected to be reduced from January 2017 onwards".
My guess is that the problems relate to planning and production efficiency or the implementation of new plant and processes and that the new CEO could not deliver what was expected of him. As regards the FD with the acquisitions over the last few years and the increased investment and business growth the task must have been more involved than before and if his heart was no longer in it then it is for the best for all concerned to hand over the reins to someone else.|
|As you say, we need more detail. It looks like a statement rapidly cobbled together before news of a massive board bust-up leaked out.
"...a poor trading performance" could mean anything - lack of orders? pressure on margins? problems with new super machinery? - we should be told.
Sometimes a person appointed does not fit or there is a personality clash - it happens. More worrying is Stephen Fletcher retiring (notice he gets thanked, Zadona doesn't). He will turn 60 on Monday - did they try to persuade him to stay on a while to steady the boat through a difficult period? I doubt whether we will ever know.|
|It all looks very poor without more detailed explanations
Zandona joins as CEO in June 2016 and leaves in January 2017 - makes you wonder.
It also points the spotlight on Grimond and the rest of the board - what about their judgement in making appointments? How capable is Grimond himself. Perhaps he should go too.|
|Good luck topvest but this has been a winner and rewarding for some of us. If your looking for a solid investment with div then stick it in JEL (410/418) - if you want something with a higher risk punt, no dividend take a look at BBSN imo it could jump 50% on a news day at any time. See last RNS.|
|Followed joe before and have followed again! Think it will be a long road and maybe a few bumps but worth it in the end! Another 50000 for me today!|